3 months on rocket

810 N Van Buren St, Marion, IL, 62959

$85,000

Home List Price

$1,009*

Closing Credit

0 Baths
Multi

Location

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810 N Van Buren St, Marion$85,000

Buyer Closing Credits

$1,009*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
ParkingCarport
Year Built1930
HeatingNone
BasementYes
MLS #EB454230
Lot Size0.20 Acres
StatusActive

About 810 N Van Buren St

Investors, this is a duplex that used to be a 4plex, I've made a whole first floor apt and a whole 2nd floor apt. 3 bedrooms, 2 full bathrooms, living room, dining room, laundry closet, kitchen on each floor, 1st floor even has an extra den/sunroom off the master bedroom. 2,297 sq ft total. 4 car carport. Architectural layout in photos. It has new roof, rebuilt whole roof on front porch, new windows, new siding, 80% PEX plumbing complete, 100% new electrical throughout and from street currently working and still being completed, and much more noted in the documents section! At the asking price plus estimated $35,000 to complete it you would have $150,000 in it. Rented it should bring over $26,000 per year. Based on the cap rate and the past 2 years of multi-family sold comps, it should have a resale value when rented at $180,000 - $200,000. If that isn't enough profit, rent it out for 6 years then sell it for that price and you'll make over $150,000 profit. Additionally, the carport could be relocated on south to make room for building two additional townhomes on the back of the property. This could really be an income producer!

Property Details

Property Features

Property Information:

  • Year Built: 1930

Listing Office:

  • Office Name: RIVER 2 RIVER REALTY, INC.
  • Office Phone: (618) 733-3223
  • Listing Agent: DAVID GILCHRIST

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Carport

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.20 Acres

Utilities

Utilities Information:

  • Heating: None

School Info

Assigned Schools Information:

  • Marion High School, Public District Grades 9-12
  • Marion Jr High School, Public District Grades 6-8
  • Washington Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: Route 13, South on Van Buren St to house.

Price Information

Listing Price Info

Price Summary:

  • List Price: $85,000

Tax Information:

  • Annual Amount: $1,244
  • Tax Year: 2020
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Housing Market Comparison

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

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Marion, IL

City

Med. Sold Price

$184.5K

Med. Price/SqFt

$112

Avg. Days On Market

38

# of Sold Homes

26

810 N Van Buren St vs Marion

115 DAYS ON ROCKET

+77 Days

$85,000

-$99.5K Less

KEY TAKEAWAY

This property is $99.5K less than the Median Sold Price in Marion, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: RMLSA
  • MLS Number: #EB454230

Listing Office:

  • Office Name: RIVER 2 RIVER REALTY, INC.
  • Office Phone: (618) 733-3223
  • Listing Agent: DAVID GILCHRIST

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: 11/5/2024, 7:20:52 PM 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$1,244$16,620
2019$1,185$16,620
2018$1,262$16,620
2017$1,236$16,580

History based on county public records data.

Payment Calculator

$492

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$321

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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.

Elementary School

school-card-donut-2093571
8
/10

  • Washington Elementary School

  • 420 E Main St

  • 0.41 miles

  • Public District Grades PK-5

Middle School

school-card-donut-2093572
4
/10

  • Marion Jr High School

  • 1609 W Main St

  • 0.89 miles

  • Public District Grades 6-8

High School

school-card-donut-2093573
4
/10

  • Marion High School

  • 1501 S Carbon St

  • 1.63 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $28,361. Residents of Marion, IL typically earn less than $35k each year. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Illinois›Williamson County›Marion›62959›810 N Van Buren St

This home is located at 810 N Van Buren St in Marion, IL and zip code 62959. This home, which was built in 1930, sits on a 0.20 acre lot. It has been listed on Rocket Homes since July 13, 2024 and is currently priced at $85,000.

In October 2024, from all listings sold in Marion, IL there were more than 4 sold above asking price, over 16 sold below and more than 6 were sold right at the asked price. In October 2024 median list price was $184,500 and the average listing age was 38 days.

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

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