NOT LISTED FOR SALE

Estimated Value: $306,630 - $323,000

5 Beds
3 Baths
-- Sq Ft
6,534 Sq Ft Lot

Last Sold December 16, 2019

Last sale price $204,000

Est. 55% increase in value since last sale

Current estimated payment $2,254/month

22 Days on Market

About This Home

As of December 2019

Maintenance Free 3 Unit 2 Story on the East side of Elgin very well maintained. The Front of the Building faces Dundee, but the rear of the building is on a very peaceful and quiet residential block. Excellent 8 spaces of off- street parking space to make it hassle free for tenants. Separate Gas and Electric meters. 2nd floor apartment is a 2 bedroom complete with Central Air conditioner. This building has 2- 2 bedroom apartments and 1 -1 Bedroom apartment. Stove and refrigerators in each unit are included!

Last Agent to Sell the Property

Edward Hall

Baird & Warner License #471008452 Listed on: 09/26/2019

Baird & Warner

Co-Listed By

Diana Green

RE/MAX Town & Country License #475173863

Last Buyer's Agent

Juana Fuentes

Exclusive Living, Inc License #471006359

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,381

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 57x122x50x150

Home Design

  • American Four Square Architecture
  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 3 Bathrooms

Parking

  • 8 Parking Spaces
  • Uncovered Parking
  • Off-Street Parking
  • Parking Included in Price
  • Unassigned Parking

Schools

  • Coleman Elementary School
  • Larsen Middle School
  • Elgin High School

Additional Features

  • Basement Fills Entire Space Under The House
  • Porch
  • Heating System Uses Natural Gas

Community Details

Overview

  • 3 Units

Building Details

  • Electric Expense $500
  • Insurance Expense $2,373
  • Maintenance Expense $2,451
  • Water Sewer Expense $2,161
  • Gross Income $27,720
  • Net Operating Income $15,443

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,381

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: American 4-Sq.
  • New Construction: No
  • Age: Unknown
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 5
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • ExteriorFeatures: Porch
  • Foundation Details: Concrete Perimeter
  • List Price: 219000
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding,Steel Siding

Garage/Parking

  • Parking Features: Unassigned, Off Street
  • ParkingTotal: 8
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Conversion YN: N

Fee Information

  • Water Sewer Expenses: 2161

Schools

  • Elementary School: Coleman Elementary School
  • High School: Elgin High School
  • Middle/Junior School: Larsen Middle School
  • Middle/Junior School District: 46

Lot Info

  • Lot Size Acres: 0.15
  • Lot Dimensions: 57X122X50X150
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Multi Family

  • Net Operating Income: 15443
  • Insurance Expense: 2373
  • ElectricExpense: 500
  • GrossIncome: 27720
  • Maintenance Expense: 2451
  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 5381
  • Tax Year: 2018
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 26, 2019
Closed on
Dec 11, 2019
Sold by
Camic David E and David E Camic Declaration Of T
Bought by
Sanchez Mark A
Seller's Agent
Edward Hall
Baird & Warner
Buyer's Agent
Juana Fuentes
Exclusive Living, Inc
List Price
$219,000
Sold Price
$204,000
Premium/Discount to List
-$15,000
-6.85%
Current Estimated Value
$316,908

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$112,908
Avg. Annual Appreciation
7.79%
Original Mortgage
$200,305
Outstanding Balance
$177,114
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$139,794

Purchase Details

Closed on
Mar 13, 2019
Sold by
Camic David
Bought by
Camic David E and The David E Camic Declaration

Purchase Details

Closed on
Jul 26, 2005
Sold by
Flores Maria
Bought by
Camic David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,750
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 22, 2005
Sold by
Porras Erika
Bought by
Flores Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,750
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 31, 2003
Sold by
Flores Maria
Bought by
Porras Erika

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
7.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 11, 2001
Sold by
Picazo Carlos and Picazo Catalina
Bought by
Flores Maria

Purchase Details

Closed on
Mar 10, 2000
Sold by
Peb Enterprises Inc
Bought by
Picazo Carlos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$23,285
Interest Rate
8.31%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Sanchez Mark A $204,000 First American Title
Camic David E -- Attorney
Camic David $247,500 Chicago Title Insurance Comp
Flores Maria -- Chicago Title Insurance Comp
Porras Erika $230,000 Chicago Title Insurance Comp
Flores Maria $170,500 Chicago Title Insurance Co
Picazo Carlos $152,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sanchez Mark A $200,305
Previous Owner Camic David $222,750
Previous Owner Porras Erika $184,000
Previous Owner Picazo Carlos $23,285
Previous Owner Picazo Carlos $151,445
Closed Porras Erika $34,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/16/2019 12/16/19 Sold $204,000 -6.8% --
10/18/2019 10/18/19 Pending -- -- --
09/26/2019 09/26/19 For Sale $219,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $7,103 $88,752 $19,895 $68,857
2023 $6,835 $80,181 $17,974 $62,207
2022 $5,892 $67,954 $16,389 $51,565
2021 $5,668 $63,533 $15,323 $48,210
2020 $5,532 $60,652 $14,628 $46,024
2019 $5,396 $57,775 $13,934 $43,841
2018 $5,381 $54,428 $13,127 $41,301
2017 $5,292 $51,454 $12,410 $39,044
2016 $5,091 $47,735 $11,513 $36,222
2015 -- $43,754 $10,553 $33,201
2014 -- $43,214 $10,423 $32,791
2013 -- $44,354 $10,698 $33,656
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10530428

Midwest Real Estate Data (MRED)

APN: 06-12-212-021