5 months on rocket

401 S Butler St, Lincoln, IL, 62656

$329,000

Home List Price

$3,907*

Closing Credit

0 Baths
Multi

Location

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401 S Butler St, Lincoln$329,000

Buyer Closing Credits

$3,907*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingDetached, Parking Pad
Year Built1977
HeatingForced Air, Natural Gas, Central
MLS #CA1029808
StatusActive

About 401 S Butler St

Two side by side custom constructed duplexes on an 80X150 corner lot just steps from downtown, Lincoln Community High School, and the Lincoln Park District! Each unit boasts two bedrooms and 1.5 baths. Two tenants currently pay $700.00/month -- one tenant currently pays $800.00/month -- fourth tenant currently pays $850.00/month. Butler units have a two car detached garage -- Decatur units have an off-street parking slab. Various recent exterior updates including siding and quality windows. Great investment opportunity!

Property Details

Property Features

Property Information:

  • Year Built: 1977

Listing Office:

  • Office Name: ME Realty
  • Listing Agent: Seth Goodman

Interior Features

Interior Information:

  • Basement: No

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Detached, Parking Pad

Lot Features

Lot Information:

  • Lot: Corner Lot, Level

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas, Central

Other

Directions Information:

  • Directions: Properties are located at 401 & 403 S. Butler Street, Lincoln and 727 & 729 Decatur Street, Lincoln.

Price Information

Listing Price Info

Price Summary:

  • List Price: $329,000

Tax Information:

  • Annual Amount: $6,404
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Lincoln, IL.

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Lincoln, IL

City

Med. Sold Price

$119.3K

Med. Price/SqFt

$88

Avg. Days On Market

20

# of Sold Homes

27

401 S Butler St vs Lincoln

159 DAYS ON ROCKET

+139 Days

$329,000

+$209.7K More

KEY TAKEAWAY

This property is $209.7K more than the Median Sold Price in Lincoln, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: RMLSA
  • MLS Number: #CA1029808

Listing Office:

  • Office Name: ME Realty
  • Listing Agent: Seth Goodman

IDX Listings courtesy of RMLS Alliance as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of RMLS Alliance®. Real estate listings held by brokerage firms other than this broker are marked with the RMLSA logo and detailed information about them includes the name of the listing brokers. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but is not guaranteed and should be independently verified through personal inspection and/or with the appropriate professionals. Copyright © 2024 Peoria Area Association of REALTORS®.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 11:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$6,404$65,940
2019$6,354$64,650
2018$632$63,380
2017$2,880$63,380

History based on county public records data.

Payment Calculator

$1,710

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,053

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-280584
7
/10

  • Washington-Monroe Elementary School

  • 1002 Pekin St

  • 0.35 miles

  • Public District Grades KG-5

school-card-donut-280585
8
/10

  • Central Elementary School

  • 100 7th St

  • 0.73 miles

  • Public District Grades KG-5

school-card-donut-280586
7
/10

  • Northwest Elementary School

  • 506 11th St

  • 1.26 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $43,315. Typical income of Lincoln, IL residents is less than $35k annually. The most common type of family is single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Illinois›Logan County›Lincoln›62656›401 S Butler St

This home is located at 401 S Butler St in Lincoln, IL and zip code 62656. This home was built in 1977. It has been listed on Rocket Homes since June 14, 2024 and is currently priced at $329,000.

While more than 10 listings in Lincoln, IL in October 2024 were sold above asking price, there were more than 9 listings sold at asking price, and more than 8 were sold below. Between September 2024 and October 2024, Lincoln, IL real estate market has seen increase in the number of listings by 9.3%. The median list price of listings available in October 2024 was $119,300, while the average time on the real estate market was 20 days.

From Rocket Homes Real Estate and based on county public records data.

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