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1224 Broadway Street

1224 Broadway Street, Pekin, IL 61554
Multifamily in Pekin
Sold Sep 13, 2022
$90,000
$72,000 by Equitymax Inc
Mortgage Due Oct 01, 2039
Local assessors in Pekin, IL have categorized 1224 Broadway Street as a residential type of property. The home was built in 1932 and is 92 years old. It was most recently renovated and altered in 1950. The property's lot size has been calculated to be 7,231 square feet. The linear feet between the front and back of the lot was measured at 1,200 ft and the front of the lot was measured at 600 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 13 rooms in the home. Of these, 5 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 4 full bathrooms. There are also 4 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1224 Broadway Street has a total of 3,592 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. The garage on the property is 320 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. Moving onto specific details regarding the building. Our sources show that the building condition is fair. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - D. The building has a roof that is made of composition shingle. Residents rely on no air conditioning for their cooling system. The home's a central heating system is the primary heating source. The property was last sold in Sep 9, 2022 for $90,000. That's $17.55 per sqft. 1224 Broadway Street was last assessed in 2023. The total value of the property was assessed at $44,180. Specifically, the land the property is located on was valued at $3,710. While improvements on the property were assessed at a total of $40,470. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $3,807. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Aluminum Siding
Vinyl Siding

Parking

On-Street Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1932
  • Effective Year Built: 1950
  • Building Count: 2
  • Total Rooms: 13
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 19
  • Building Condition: Fair
  • Building Quality: D
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 1,668
  • Garage Type: Detached
  • Garage Square Area: 320
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 7,231
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 600
  • Total Building Area: 5,128
  • Gross Building Area: 5,128
  • Building Area: 3,592
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,592
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: EAST ADDITION
  • Land Acres: 0.166
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: SEC 2 T24N R5W EAST ADDITION LOT 7 NE 1/4

Ownership

  • Current Owner : HAPPY BLUE LIVING II LLC
  • Previous Owner : DILLMAN CHERYL L
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Pekin Community High School District 303
  • Census Tract: 021000

Geography

  • District: 040
  • Section: 2
  • Parcel: 04-10-02-201-009
  • Lot: 7
  • Meridian: SEC 02 TWN 24N RNG 05W
  • Municipality: PEKIN
  • Latitude: 40.5675
  • Longitude: -89.6331

    Address

  • Full Address: 1224 Broadway St
  • Address - House Number: 1224
  • Address - Street Name: Broadway
  • Address - Suffix Type: St
  • State: IL
  • City Name: Pekin
  • Carrier Code: C007
  • 4-Digit Zip Code: 3602
  • Zip Code: 61554

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,807
  • Tax Rate Code Area: 04031

    Appraisal Valuation

  • Standard Deviation: 0.094
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 91
  • Final Value: 120,258
  • High Value: 131,564
  • Low Value: 108,953

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $72,000
  • First Open Lien Mortgage Lender: EQUITYMAX INC
  • First Open Lien Mortgage Recording Date: Sep 13, 2022
  • First Open Lien Mortgage Loan Amount: $72,000
  • First Open Lien Mortgage Term: 204
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2039

    Market Valuation

  • Market Total Value: $132,540
  • Market Land Value: $11,130
  • Market Improvement Value: $121,410

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $44,180
  • Assessed Land Value: $3,710
  • Assessed Improvements Value: $40,470

    Sales

  • Current Sale Contract Date: Sep 09, 2022
  • Current Sale Recording Date: Sep 13, 2022
  • Current Sale Transaction ID: 11895803607
  • Current Sale Price: $90,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 13678

    Last Sale Mortgage

  • First Mortgage Lender: EQUITYMAX INC
  • First Mortgage Transaction Date: Sep 13, 2022
  • First Mortgage Loan Amount: $72,000
  • First Mortgage Terms: 204
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2039

About Pekin



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 1224 Broadway Street located in?
The 1224 Broadway Street is a multifamily located in the neighborhood of Pekin in Pekin, Pekin.
What is the average sales price for listings in 1224 Broadway Street?
The average sales price for units in 1224 Broadway Street is $0 currently.

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