Welcome to this fantastic upstairs-downstairs duplex, located in the heart of Effingham. Whether you're an investor looking for a solid return or a homeowner seeking rental income potential, this property offers both. With a remarkable 9% Cap Rate, it's an excellent addition to your investment portfolio, or a creative way to reduce your primary homes mortgage expense.
Upstairs Unit:
- Charming 2-Bedroom 1 Bathroom layout
- Cozy living room with plenty of natural lighting
- Gorgeous original woodwork around doors and trim
- New LVP in 2022
- Current Rent $1,550 Fully Furnished
Downstairs Unit:
-Spacious 2-Bedroom 1 Bathroom Layout
-Formal Dining Room
-Modern Kitchen with Granite Countertops
-Updated Bathroom with His and Hers Sinks
-Cozy Sunroom
-Gorgeous Wood Floor and Built-ins throughout
-Current Rent $1300/ month with 2.5 Car Detached Garage
Sold for $230,000
$230,000
513 N 3rd St, Effingham, IL 62401
4beds
1,988sqft
Duplex, Multi Family
Built in 1935
-- sqft lot
$250,700 Zestimate®
$116/sqft
$1,217 Estimated rent
Home value
$250,700
$238,000 - $263,000
$1,217/mo
Zestimate® history
Owner options
List your home for rent
$1,217/mo
Rent Zestimate®
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$1,217/mo
Rent Zestimate®
Refinance and save
$1,586/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$1,586/mo
Est. payment
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List your homeWhat's special
Updated bathroomPlenty of natural lightingModern kitchenFormal dining roomGorgeous wood floor
Zillow last checked:
Listing updated:
Listed by:
Blake McWilliams 217-347-0404,
RE/MAX Key Advantage
Bought with:
Alex Steppe, 471021123
RE/MAX Key Advantage
Source: CIBR,MLS#: 6229750
Originating MLS: Central Illinois Board Of REALTORS
Originating MLS: Central Illinois Board Of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Bedroom
- Level: Main
- Dimensions: 15 x 13
Bedroom
- Level: Main
- Dimensions: 15 x 13
Bedroom
- Level: Upper
- Dimensions: 15 x 8
Bedroom
- Level: Upper
- Dimensions: 12 x 10
Dining room
- Level: Main
- Dimensions: 15 x 15
Other
- Level: Main
Other
- Level: Upper
Kitchen
- Level: Main
- Dimensions: 10 x 11
Kitchen
- Level: Upper
- Dimensions: 15 x 8
Living room
- Level: Main
- Dimensions: 15 x 15
Living room
- Level: Upper
- Dimensions: 15 x 15
Sunroom
- Level: Main
- Dimensions: 6 x 15
Heating
- Gas
Cooling
- Central Air
Appliances
- Included: Cooktop, Dryer, Dishwasher, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Range Hood, Washer
Features
- Main Level Primary, Walk-In Closet(s)
- Basement: Unfinished,Full
- Number of fireplaces: 1
Interior area
- Total structure area: 1,988
- Total interior livable area: 1,988 sqft
- Finished area above ground: 1,988
- Finished area below ground: 0
Property
Parking
- Total spaces: 2.5
- Parking features: Detached, Garage
- Garage spaces: 2.5
Features
- Levels: One and One Half
Lot
- Size: 7,405 sqft
Details
- Parcel number: 0316013022
- Zoning: R-2
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Bungalow
- Property subtype: Duplex, Multi Family
Materials
- Brick, Vinyl Siding
- Foundation: Basement
- Roof: Asphalt
Condition
- Year built: 1935
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Effingham
- Subdivision: Schleppers Sub
Other
Other facts
- Road surface type: Concrete
Price history
| Date | Event | Price |
|---|---|---|
| 4/3/2024 | Sold | $230,000-1.7%$116/sqft |
Source:  CIBR #6229750 Report a problem | ||
| 2/13/2024 | Pending sale | $234,000$118/sqft |
Source: CIBR #6229750 Report a problem | ||
| 1/29/2024 | Price change | $234,000-6.4%$118/sqft |
Source: CIBR #6229750 Report a problem | ||
| 1/5/2024 | Listed for sale | $249,900$126/sqft |
Source: CIBR #6229750 Report a problem | ||
| 10/31/2023 | Listing removed | -- |
Source: CIBR #6229561 Report a problem | ||
| 10/13/2023 | Listed for sale | $249,900+48.8%$126/sqft |
Source: CIBR #6229561 Report a problem | ||
| 1/4/2022 | Sold | $168,000-2.8%$85/sqft |
Source: CIBR #6214815 Report a problem | ||
| 12/2/2021 | Pending sale | $172,900$87/sqft |
Source: CIBR #6214815 Report a problem | ||
| 11/22/2021 | Contingent | $172,900$87/sqft |
Source: CIBR #6214815 Report a problem | ||
| 9/13/2021 | Price change | $172,900-1.7%$87/sqft |
Source: CIBR #6214705 Report a problem | ||
| 7/29/2021 | Listed for sale | $175,900+75.9%$88/sqft |
Source: CIBR #6214705 Report a problem | ||
| 1/10/2018 | Sold | $100,000+33.3%$50/sqft |
Source: Public Record Report a problem | ||
| 6/11/2010 | Sold | $75,000$38/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,089 -63.6% | $48,340 +10% |
| 2023 | $2,992 +6.6% | $43,940 +9% |
| 2022 | $2,807 -3% | $40,310 +1% |
| 2021 | $2,895 | $39,910 +2.9% |
| 2020 | -- | $38,790 +1% |
| 2019 | $2,354 +4.1% | $38,410 +4% |
| 2018 | $2,260 +2.2% | $36,930 +2% |
| 2017 | $2,213 | $36,200 +3% |
| 2016 | -- | $35,150 +3% |
| 2015 | -- | $34,130 +3% |
| 2014 | -- | $33,130 +2% |
| 2013 | -- | $32,480 +1.5% |
| 2012 | -- | $32,000 +11% |
| 2010 | -- | $28,820 +1% |
| 2009 | -- | $28,540 |
Find assessor info on the county website
Neighborhood: 62401
Nearby schools
GreatSchools rating
- NASouth Side Grade SchoolGrades: 1-2Distance: 1.1 mi
- 6/10Effingham Junior High SchoolGrades: 6-8Distance: 1 mi
- 8/10Effingham High SchoolGrades: 9-12Distance: 1.4 mi
Schools provided by the listing agent
- District: Effingham Dist. 40
Source: CIBR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Illinois
- Effingham County
- Effingham
- 62401
- 513 N 3rd St
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