Please stand by.
USDAProperties.com is playing suspenseful music......

 

 

 

$157,000   Price Analysis
USDAProperties Agent Contact Page  Agent Details  share icon     map icon  QR
501 N Russell St
Marion, IL 62959
Unknown bed 4 bath 2,592 SqFt ($60/SqFt)
0.68 acre lot. Built 1900
Listed 2024-03-08, Taxes $2,354
USDA Eligible
near Marion, IL
 Restrictions may apply
due to home size

Expand your investment portfolio now with this 3 unit property located in the heart of Marion.

* Has Contingent Offer *

Walk to the park north or take a short ride to downtown. Property includes a large 3 bed/2 bath unit, a 2 bed/1 bath unit and a 1 bed/1 bath unit.

Pristine electric meters fr all units. Unit C has been recently renovated including a new roof, wall AC unit and paint. Unit C has a large attached storage area. All units rented.


Presented by Denise Graff at
House 2 Home Realty.
Listing Agent Photo

Property MLS #QC4250750 from RMLSAlliance

Basement Features: Crawl Space, Partial, Unfinished

Full Bathrooms: 4

Heating Features: Baseboard, Gas, Central Air

Lot Description: Corner Lot, Level
Lot Size Acres: 0.68
Lot Size Dimensions: 150x200
Lot Size Square Feet: 29621

Road Surface Type: Curbs & Gutters, Paved

Parking Features: Parking Pad
Parking Total: 6

Gross Income: 30300
Gross Scheduled Income: 30300
Lease Term: Month To Month
Tenant Pays: Gas & Electric

Number of Units: 3
Bedrooms in Unit-1: 3
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 1
Full Bathrooms in Unit-1: 2
Full Bathrooms in Unit-2: 1
Full Bathrooms in Unit-3: 1
Unit 1 Total Actual Rent: 950
Unit 2 Total Actual Rent: 875
Unit 3 Total Actual Rent: 700

High School: Marion

Marion Jr High School is a public middle school located approximately 0.3 miles away.
directions icon Map directions

Lincoln Elementary School is a public elementary school located approximately 1.4 miles away.
directions icon Map directions

Marion High School is a public high school located approximately 1.4 miles away.
directions icon Map directions

Skyline Academy is a private elementary school located approximately 2.3 miles away.
directions icon Map directions

Annual Tax Amount: 2495
Source Listing Status: Active Under Contract
County: Williamson
Directions: From Rt 13, south on Russell, through roundabout and follow to property on corner of W White and Russell. Parking on Russell at rear.
Tax Year: 2022
Source Property Type: Residential Income
Insurance Expense: 1200
Manager Expense: 3030
Number of Separate Electric Meters: 3
Number of Separate Gas Meters: 3
Number of Separate Water Meters: 1
Parcel Number: 06-13-329-017
Trash Expense: 600
Property Subtype: Residential Income
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$25,410 + $7,060
$32,470
$2,354
2021$24,010 + $6,670
$30,680
$2,296
2020$24,010 + $6,670
$30,680
$2,186
2019$24,010 + $6,670
$30,680
$2,328
2018$24,010 + $6,670
$30,680
$2,287
2017$24,010 + $6,670
$30,680
$2,230
2016$22,740 + $6,320
$29,060
$2,216
2014$22,740 + $6,320
$29,060
$2,166
2013$22,740 + $6,320
$29,060
$2,092
2012$22,740 + $6,320
$29,060
$1,027
2010$31,120 + $8,650
$39,770
$2,590
2009$31,120 + $8,650
$39,770
$2,576
2008$31,120 + $8,650
$39,770
$2,613
2006$31,120 + $8,650
$39,770
$2,205

Listed 2024-03-08
$157,000
RMLSAlliance
Sold 2022-01-24
$100,000
Public Record

Net Operating Income: 21575
Operating Expense: 6230

Year Built: 1900
Building Area Total: 2592
Construction Materials: Brick, Vinyl Siding
Foundation Details: Block, Slab
Property Age: 124
Roof: Shingle
Structure Type: One Story, Triplex
Year Built Source: Public Records

Water Sewer Expense: 1400
Water Source: Public Sewer, Public
Click Thumbnail Images To View Full Size
house_viewhouse_viewunknownlaundry_roomkitchen
living_roombedroombathroombedroombathroom
living_roomkitchenlaundry_roomhouse_viewliving_room
laundry_roombedroomlaundry_roomhouse_view

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.