1 Latham Pl Lincoln, IL 62656
  • For Sale
  • Multi Family · 7 Units

1 Latham Pl Lincoln, IL 62656 Get directions

$190,000 $30/Sq. ft.
1 Bed 1 Bath 6,400 Sq. ft. 8,250 Sq. ft. Lot
  • MLS# 20200152
  • Listed 2 Months 23 Days Ago

Overview

WOW! A truly remarkable one of a kind historic opportunity awaits you with #1 Latham Place, Lincoln -- seven units -- all currently rented! At $190, 000, this undeniably regal and amazingly solid all brick (minimal amount of vinyl siding at top of exterior side eaves) four story apartment complex is a solid buy -- and is situated right across from Latham Park and within steps of historic downtown Lincoln, Illinois! Each unit features a living room with hardwood flooring, dining area, efficient equipped kitchen, bedroom, and a full bath. Property also features charming natural woodwork, a full basement with laundry/mechanical facilities (two coin operated washer and dryers to remain) as well as both interior as well as exterior access points, efficient boiler heat (hot water), and a detached four car garage with rear alley access. Each unit rents for $450.00/month ($450.00 deposit for each). Landlord pays for water, sewer, and trash -- and also covers lawn maintenance and snow removal. Tenants are responsible for Ameren (all upper level units also have window air units that are owned by tenants). Garage stalls currently rent separately -- one currently rented for $50.00/month -- another currently rented for $75.00/month -- other two currently vacant. Garage features a slanted metal roof -- apartment complex features an architectural roof. Built to last and without question priced to sell, #1 Latham Place, Lincoln is bound to move quickly! A landlords dream!

Features

Bedrooms

  • Bedrooms: 1

Interior Features

  • Foyer
  • Hardwood Floors

Appliances

  • Laundry Facilities: Common Shared

Other Rooms

  • Basement Features: Yes
  • Basement Description: Full, Partially Finished

Heating and Cooling

  • Cooling Features: Window Air
  • Heating Features: Gas, Hot Water

Bathrooms

  • Full Bathrooms: 1

Exterior and Lot Features

  • Corner Lot
  • Mature Trees
  • Patio And Porch Features: Front, Porch

Land Info

  • Lot Size Acres: 0.1893939
  • Lot Size Dimensions: 55X150
  • Lot Size Square Feet: 8250

Garage and Parking

  • Garage Description: Detached

School Information

  • Elementary School: Dist 27
  • High School: Lincoln
  • Middle School: Lincoln

Multi-Unit Info

  • Number of Units: 7
  • Bedrooms in Unit-1: 1
  • Bedrooms in Unit-2: 1
  • Bedrooms in Unit-3: 1
  • Bedrooms in Unit-4: 1
  • Bedrooms in Unit-5: 1
  • Bedrooms in Unit-6: 1
  • Bedrooms in Unit-7: 1
  • Total Bathrooms in Unit-1: 1
  • Total Bathrooms in Unit-2: 1
  • Total Bathrooms in Unit-3: 1
  • Total Bathrooms in Unit-4: 1
  • Total Bathrooms in Unit-5: 1
  • Total Bathrooms in Unit-6: 1
  • Total Bathrooms in Unit-7: 1
  • Total Rooms in Unit-1: 4
  • Total Rooms in Unit-2: 4
  • Total Rooms in Unit-3: 4
  • Total Rooms in Unit-4: 4
  • Total Rooms in Unit-5: 4
  • Total Rooms in Unit-6: 4
  • Total Rooms in Unit-7: 4
  • Unit-1 Square Feet: 770
  • Unit-2 Square Feet: 770
  • Unit-3 Square Feet: 770
  • Unit-4 Square Feet: 770
  • Unit-5 Square Feet: 770
  • Unit-6 Square Feet: 770
  • Unit-7 Square Feet: 770
  • Unit 1 Total Actual Rent: 450
  • Unit 2 Total Actual Rent: 450
  • Unit 3 Total Actual Rent: 450
  • Unit 4 Total Actual Rent: 450
  • Unit 5 Total Actual Rent: 450
  • Unit 6 Total Actual Rent: 450
  • Unit 7 Total Actual Rent: 450

Other Property Info

  • Dryer
  • Range/Oven
  • Refrigerator
  • Washer
  • Annual Tax Amount: 5912.28
  • Source Listing Status: Active
  • County: Logan
  • Tax Year: 2018
  • Area: East Lincoln Township
  • Source Neighborhood: East Lincoln Township
  • Zoning: Residential
  • Property Subtype: Apartment Complex
  • Source System Name: C2C

Building and Construction

  • Total Square Feet Living: 6400
  • Building Exterior Type: Brick, Vinyl
  • Foundation Details: Block, Brick
  • Roof: Roof: Asphalt Shingle, Metal, Roof Type: Asphalt Shingle, Metal
  • Levels or Stories: 2 or + Stories
  • Total Above Grade Sqft Area: 6400

Utilities

  • Sewer: Public

Nearby Schools

Rating School Grades Distance
7 Washington-Monroe Elementary School K-5 0.2 mi
8 Lincoln Jr High School 6-8 0.3 mi
4 Lincoln Community High School 9-12 0.8 mi
NA Carroll Catholic Private School PK-8 0.5 mi

School data provided by National Center for Education Statistics, Maponics, and GreatSchools. Intended for reference only. GreatSchools Ratings compare a school’s test performance to statewide results. To verify enrollment eligibility, contact the school or district directly.

Neighborhood

Property History for 1 Latham Pl

Property Price

Date Event Price Price / Sq ft Source
2020-04-01 Listed $190,000 $29 LincolnIL

The price and tax history data is obtained from public records and/or MLS feeds from local jurisdiction. Contact your REALTOR® directly in order to obtain the most up-to-date information available.