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$73,500   Price Analysis
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613 S 16th St
Mount Vernon, IL 62864
Unknown bed 4 bath 2,660 SqFt ($27/SqFt)
6,970SqFt lot. Built 1940
Listed 2023-08-19, Taxes $2,011
USDA Eligible
near Mount Vernon, IL
 Restrictions may apply
due to home size

Investment opportunity available at a fantastc price!

Four occupied units available now. Seller requires either a pre-qualification letter or proof o f funds for an appointment.

Investment opportunity available at a fantastc price! Four occupied units available now. Seller requires either a pre-qualification letter or proof o f funds for an appointment.


Presented by Deb Smith at
King City Property Brokers Inc.
Listing Agent Photo

Property MLS #EB450276 from RMLSAlliance

Basement Features: Full, Unfinished

Full Bathrooms: 4

Heating Features: Gas

Lot Description: Level
Lot Size Acres: 0.16
Lot Size Dimensions: 108 x 64
Lot Size Square Feet: 6970

Parking Features: On Street
Parking Total: 3

Elementary School: Mt Vernon
High School: Mt Vernon

Zadok Casey Middle School is a public middle school located approximately 0.4 miles away.
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Mount Vernon High School is a public high school located approximately 0.7 miles away.
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DR Nick Osborne Primary Center is a public elementary school located approximately 1.1 miles away.
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Victory Christian Academy is a private elementary, middle and high school located approximately 0.4 miles away.
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Gross Income: 19200

Number of Units: 4
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 3
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Full Bathrooms in Unit-3: 1
Full Bathrooms in Unit-4: 1
Unit 1 Total Actual Rent: 450
Unit 2 Total Actual Rent: 425
Unit 3 Total Actual Rent: 400
Unit 4 Total Actual Rent: 450

Annual Tax Amount: 2012
Source Listing Status: Active
County: Jefferson
Directions: From Broadway: South on 16th to West on Logan to South on 16th. Property on the West side of the road.
Tax Year: 2022
Source Property Type: Residential Income
Source Neighborhood: Winn
Number of Separate Electric Meters: 4
Number of Separate Gas Meters: 4
Number of Separate Water Meters: 1
Parcel Number: 07-31-276-009
Subdivision: Winn
Property Subtype: Residential Income
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2021$18,790 + $1,904
$20,694
$2,011
2020$17,561 + $1,779
$19,340
$2,017
2019$17,561 + $1,779
$19,340
$1,989
2018$19,862 + $1,779
$21,641
$2,200
2017$25,299 + $1,779
$27,078
$2,693
2016$25,299 + $1,779
$27,078
$2,628
2015$25,299 + $1,779
$27,078
$2,571
2014$25,299 + $1,779
$27,078
$2,533
2013$23,867 + $1,678
$25,545
$2,475
2012$23,867 + $1,678
$25,545
$2,392
2010$25,390 + $1,785
$27,175
$2,117
2009$25,390 + $1,785
$27,175
$2,053
2008$23,455 + $1,649
$25,104
$2,053
2005$unknown + $unknown
$21,137
$1,799
2005$23,455 + $1,649
$25,104
$1,799

Listed 2023-08-19
$73,500
RMLSAlliance
Sold 2016-07-21
$23,500
Egyptian
Listed 2007-01-05
$39,900
Egyptian

Net Operating Income: 17188

Year Built: 1940
Building Area Total: 2660
Construction Materials: Brick
Property Age: 84
Roof: Shingle
Structure Type: Quadruplex
Year Built Source: Unable to Verify Actual Age

Water Source: Public Sewer, Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.