428 S Central St, Benton, IL 62812
Excellent Investment opportunity
A 3 Bedroom, 1 bathroom Single family house on a quiet residential street on a good size lot of 0.25 acres (10,890 sq ft lot) in a good internal condition and nicely decorated.
Built 1920
The single-family house has an area of 1,350 sq ft property, a front porch and back porch and a sitting deck at the back. The front has nice mature trees and the back is private and overlooks lots of greenery and trees. The property also has a garage with sheds behind.
The property has:
- Living room
- Kitchen
- Small dining area apart from kitchen
- 3 bedrooms
- One Bathroom
- front porch
- back porch
- back deck
- garage
- sheds
Internally, the house is nicely decorated with stained wooden walls and floors, electrics and plumbing, HVAC are operational.
The property needs some work externally and to the garage roof.
The property currently has a tenant who has been living there before foreclosure. The tenant expressed strong interest in signing a new rental agreement, if the buyer wishes to do so.
Pleasant and quite location:
The property is located in a pleasant and quiet residential area surrounded by beautiful trees and 1.4 miles of Downtown Benton, IL with good local facilities and amenities. The property is easily accessible being about half a mile away from Highway 57 and IL State Route 14. Benton is a safe, quiet town that combines the security of a small village with the convenience of a city
Local facilities and amenities include:
Restaurants
Burger King (0.3mi), Mc Donald's (0.4mi), Subway (0.5mi), Plaza Restaurant (0.6mi), Pizza Hut (0.6mi), KFC (0.6mi), Taco Bell (0.6mi), Hardee's (0.6mi), Tequila's Mexican Restaurants (0.7mi), Arby's (0.7mi), Full Moon House Chinese Restaurant (0.9mi), Subway (0.9mi), The Buzz (1mi), Seasoning Bistro (1mi), Peking Buffet (1mi), Jack Russell Fish (1mi), Mr D's (1.1mi), Joe’s Pizza of Benton (1.1mi), Domino's Pizza (1.1mi), Pop's Barbq (1.1mi), La Fiesta Mexican Restaurant (1.1mi), Cozy Table Restaurant (1.7mi), Bonz Fire Grill (1.9mi), Geo's Pizza (2mi)
Coffee
Bonnie Café (14mi), Starbucks (16mi), The Vault Café (18mi)
Bars
Applebee's Neighborhood Grill & Bar (0.4mi), Jokers Den (1.1mi), Elsie's Inc (5.5mi), Maria's Roadhouse Inc (6.3mi), Casino Tavern (6.5mi), Pup's 212 Bar (6.5mi), Bootlegger's Tavern (6.5mi), S & S Tavern (6.6mi), T Street Pub (6.6mi), The Barn (6.9mi), Iron Horse (9.2mi), Double-R-Bar (9.3mi), Maddies Pub & Grub (1mi), The Pub (12mi)
Groceries
King's Way Health Food Store (0.9mi), Farm Fresh of Benton (1.1mi), K & M Liquors (1.9mi), Farm Fresh Dairy Store (6.5mi), Liquor Barrell (6.5mi), Sportland Liquors (6.7mi), Kroger (6.7mi), Heights Market & Deli (6.7mi), Bowlins Foodland (6.8mi), Mc Cord's Market (6.8mi), Greenwood Methodist Church Market (6.8mi), West Frankfort Farmers Market (7mi), Bowlin's Foodland (9.2mi)
Parks
Benton City Park (0.4mi), Franklin County Fairground (2.1mi), Spillway Public Use Area (2.9mi), Marcum Branch South Public Use Area (3.1mi), Rend Lake Dam West Public Use Area (4.5mi), Marcum Branch North Public Use Area (4.5mi), Sandusky Creek South Public Use Area (5.4mi), Sandusky Creek North Public Use Area (6mi), Gun Creek Public Use Area (6.2mi), Sandusky Creek West Public Use Area (6.4mi), Sesser Public Use Area (7.9mi), Wayne Fitzgerrell State Park (7.9mi), Super-Koll Park (9.8mi), Rend Lake State Wildlife Refuge (10mi
Schools
Benton Cons High School (1.4mi), Benton Grade School K-4 (1.7mi), Benton Grade School 5-8 (1.8mi), Denning Elementary School (6mi), Central Junior High School (6.1mi), Frankfort Intermediate School (6.2mi), St John The Baptist Catholic Elementary School (6.5mi), Frankfort Community High School (6.5mi), Christopher Elementary School (6.8mi), The Nights Shield (6.9mi), Christopher High School (6.9mi), Ezra Christian School (7.7mi), Ewing-Northern Elementary School (8.1mi), Zeigler Christian Academy (8.8mi)
Shopping
Beatty's Music Plaza (0.4mi), Verizon Authorized Retailer, TCC (0.4mi), Hibbett Sports (0.4mi), Dollar Tree (0.5mi), Aaron's (0.5mi), Circle K (0.5mi), Rural King Supply (0.6mi), Rose's Flower Shop & Greenhouse (0.7mi), Factory Connection (0.9mi), Benton Lawn (0.9mi), Edwards Antique & Jewelry (1mi), Wild Trillium Paint & Party (1mi), County Seat Antique Mall (1mi), Drake's Jewelry (1mi),
Entertainment
Redbox (0.6mi), Franklin County Jail (0.9mi), Southern Illinois Art & Artisans Center, Rend Lake (6.3mi), West Frankfort Bowl (6.5mi), Frankfort Area Historical Museum (6.6mi), Izaak Walton Club (7.9mi), Redbox (11mi), Herrin Bowl (15mi), Duquoin State Fair (15mi), Grand Theatre (16mi), Williamson County Pavilion (16mi), AMC Centre 8 (16mi), Joe's Records (16mi), Redbox (16mi)
Errands
Great Clips (0.5mi), CVS Pharmacy (0.6mi), SmartStyle (0.6mi), US Post Office (0.7mi), Mary's Coin Laundry (0.7mi), Midcountry Bank (0.7mi), U.S. Bank Branch (1mi), Royal Brass & Hose Co. (1mi), Peoples National Bank (1mi), US Post Office (1.1mi), Salon Bliss (1.6mi), Suntan Shack Styling & Tanning Salon (1.7mi), US Post Office (2.3mi), Ace Hardware (2.6mi), US Post Office (4.4mi)
(walkscore.com)
Demographics – Benton, IL 62821 1
Total population 11,050
% White 94.91%2
Average Household income : $54,235
Average Home value: $79,457
Crime : Low
1 https://illinois.hometownlocator.com/zip-codes/data,zipcode,62812.cfm
2 https://www.zipdatamaps.com/62812
THIS IS A UNIQUE OPPORTUNITY FOR THE SAVVY BUSINESS OWNER, DEVELOPER OR INVESTOR TO OWN A POTENTIALLY HIGH INCOME PROPERTY AT A DISCOUNTED PRICE IN A GREAT LOCATION.
Great investment opportunity:
The property has excellent resale value
Comps:
919 W Webster St , Benton IL 62812 – 3 beds, 1367 sqft - $95,000
504 W Reed St, Benton, IL 62812 – 3 Beds, 1276 sq ft- $72,000
305 E Bond St, Benton, IL 62812 – 3 Beds , 1480 sq ft - $75,000
905 Glendale St, Benton, IL 62812- 3 Beds, 1700 sq ft- $72,500
7965 IL 14, Benton, IL 62812 - 3 Beds , 1,108 sq ft - $74,900
1003 Election Cir, Benton, IL 62812 – 3 Beds, 1,200 sq ft - $89,900
Excellent income potential once rehabbed
Average rent* for similar properties in this area: $625/ month
*rentometer.com, hotpads.com
Taxes:
Franklin County IL - Parcel Tax ID: 07-24-201-012
2020 taxes will be out in July in 2 instalments. First instalment due to be paid in August and second -6 weeks later.
Yearly Taxes: $998
No back real estate taxes. All taxes are paid up to date and current there are no delinquencies.
PROPERTY IS SOLD AS IS, WHERE IS-
Buyer assumes real estate taxes, liens, bills and encumbrances (if any)
Winning bidder must contact the seller within 24 Hours after the close of the auction with full details of the buyer.
Buyer will also be responsible for $500 deed prep and doc fee as well as 8 % premium.
10% non-refundable deposit (minimum $1,000), auction premium (Minimum $250) and $500 deed preparation and doc fee are due within 48 hours of auction close.
Final Payment to be made within 5 days of the Auction close.
All bidders to do their due diligence. Property is sold on a Quit Claim deed. Buyer assumes real estate taxes, liens, bills and encumbrances (if any). Buyer is responsible for directly checking any back-tax amounts and any requirements of the building code department. Property may have structural‚ foundation or other issues and the Buyer is to conduct their own due diligence. No statement anywhere, whether express or implied, shall be deemed a warranty or representation by the Seller regarding these assets. Buyers are responsible for fixing building code violations (if any). Title to the trailer will not be provided, the buyer will have to follow a procedure to gain title to the trailer, the rights and details of the procedure depend on the state in which the trailer is located. Buyers are bound by the Purchase Agreement which is attached under the Due Diligence section. All buyers are deemed to have relied entirely on their own information, judgments and inspections of the property in making the decision to purchase the property.
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