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$340,000   Price Analysis
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1506 W State St
Jacksonville, IL 62650
Unknown bed 4 bath 3,600 SqFt ($94/SqFt)
0.33 acre lot. Built 1976
Listed 2024-05-09
USDA Eligible
near Jacksonville, IL
 Restrictions may apply
due to home size

8 Units with 100% Occupancy!

On the West End, it's an easy commute uptown or to Morton Ave.

Pristine flooring and updates in several o f the partments. Roof 5 years old.


Presented by Sue Ann Mullen at
RE MAX Results Plus.


Property MLS #CA1029081 from RMLSAlliance

Laundry Features: Common Area

Basement Features: Finished

Full Bathrooms: 4

Heating Features: Hot Water, Window Unit(s)

Lot Description: Corner Lot, Level
Lot Size Acres: 0.3305785
Lot Size Dimensions: 120 X 120
Lot Size Square Feet: 14400

Road Surface Type: Gravel

Parking Features: Parking Pad
Parking Total: 8

Gross Income: 44100
Gross Scheduled Income: 44100

Number of Units: 8
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 1
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: 550
Unit 3 Total Actual Rent: 550
Unit 4 Total Actual Rent: 475

High School: Jacksonville District #117

Jacksonville High School is a public high school located approximately 1.3 miles away.
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Westfair Christian Academy is a private elementary, middle and high school located approximately 0.4 miles away.
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Eisenhower Elementary School is a public elementary school located approximately 0.5 miles away.
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Arc is a public middle and high school located approximately 0.9 miles away.
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Maintenance Expense: 800

Annual Tax Amount: 3978.639999999
Source Listing Status: Active
County: Morgan
Directions: From Downtown Jacksonville, on West State St., follow West and the Street curves to the right, follow to Grand Ave. This property is on the corner.
Tax Year: 2023
Source Property Type: Residential Income
Insurance Expense: 5000
Number of Separate Electric Meters: 9
Number of Separate Water Meters: 1
Parcel Number: 0919201002
Trash Expense: 2400
Property Subtype: Residential Income
Source System Name: C2C

Price Changed 2024-06-10
$340,000
RMLSAlliance
Listed 2024-05-09
$360,000
RMLSAlliance

Net Operating Income: 26665
Operating Expense: 13456

Year Built: 1976
Building Area Total: 3600
Construction Materials: Steel Siding
Foundation Details: Block
Property Age: 48
Roof: Shingle
Structure Type: Two or More Story
Year Built Source: Public Records

Electric Expense: 273
Water Sewer Expense: 1980
Water Source: Community Sewer System, Community Water
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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.