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$220,000   Price Analysis
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526 Cherry St
Lebanon, IL 62254
Unknown bed None bath 6,272 SqFt ($35/SqFt)
0.28 acre lot. Built 1969
Listed 2024-04-26, Taxes $7,434
USDA Eligible
near Lebanon, IL
 Restrictions may apply
due to home size

This is a 6 unit building that are all 3 bedrooms.

* Sale Pending *

All bedrooms are upstairs and the bath is on the main. All units are currently occupied. Rents are $650 per unit and the tenant pays all utilities except trash. Ceilings in the building are around 7 ft tall.

The trash bill is roughly $161 per month for the dumpster. Roof replaced in 2021. Most HVAC are around 2-8 years old. The building is being sold in As Is condition seller to make no repairs. Most unts will need renovation once they become vacant.


Presented by JOHNSTON, GARY at
Johnston Realty, Inc.
Listing Agent Photo

Property MLS #24024955 from MARIS

Laundry Facilities: Lndry Connect all Un

Cooling Features: Central-Electric
Heating Features: Forced Air
Heating Fuel: Gas
Water Heaters: Gas

Furnished Description: Building & Land

Lot Size Acres: 0.28
Lot Size Dimensions: See Plat
Lot Size Source: County Records
Lot Size Square Feet: 12197

Parking Features: Unpaved

Elementary School: LEBANON DIST 9
High School: Lebanon
Middle School: LEBANON DIST 9
School District: Lebanon CUSD 9

Lebanon High School is a public middle and high school located approximately 0.4 miles away.
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Lebanon Elementary School is a public elementary school located approximately 0.5 miles away.
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First Baptist Academy is a private elementary, middle and high school located approximately 4.9 miles away.
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Gross Income: 42700.00
Tenant Pays: Electric, Gas, Sewer, Water

Number of Units: 6

Annual Tax Amount: 7906
Source Listing Status: Pending
County: St Clair-IL
Tax Year: 2022
Ownership: Private
Source Property Type: Multi-Family 5+
Source Neighborhood: Not in Subdivision
Postal Code Plus 4: 1753
Property Location: Rural
Subdivision: Not in Subdivision
Property Subtype: Apt Bldg/Exterior En
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2021$73,770 + $4,569
$78,339
$7,434
2020$70,204 + $4,348
$74,552
$7,213
2019$67,008 + $4,150
$71,158
$6,970
2018$65,018 + $4,027
$69,045
$6,725
2017$65,323 + $4,262
$69,585
$6,814
2016$64,067 + $4,180
$68,247
$6,729
2015$63,559 + $4,147
$67,706
$6,573
2014$61,398 + $4,006
$65,404
$6,086
2013$57,549 + $4,155
$61,704
$5,599
2012$58,189 + $4,201
$62,390
$5,208
2011$59,498 + $4,296
$63,794
$5,225
2010$71,410 + $7,378
$78,788
$6,361
2009$71,704 + $7,408
$79,112
$6,311
2008$70,099 + $7,242
$77,341
$6,009
2007$70,155 + $7,248
$77,403
$5,940

Listed 2024-04-26
$220,000
MARIS
Listing removed 2016-12-06
$495
RentecDirect
Listed for rent 2016-11-04
$495
RentecDirect
Listing removed 2015-12-17
$495
RentecDirect
Listing removed 2015-11-17
$550
RentecDirect
Listing removed 2014-06-18
$495
RentecDirect
Listed for rent 2014-05-29
$495
RentecDirect
Listing removed 2013-12-12
$495
RentecDirect
Listed for rent 2013-11-27
$495
RentecDirect
Sold 1989-08-07
$70,000
Public Record

Net Operating Income: 18582.00

Total Square Feet Living: 6272
Year Built: 1969
Building Features: No Units Furnished
Construction Materials: Brick/Stone Msn Pred
Living Area Source: County Records
Property Age: 55
Total Above Grade Sqft Area: 6272

No Units Furnished

Sewer: Public
Water Source: 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.