Seller's Agent in 2022
Algenia Capuano
Baird Warner
(630) 621-6629
28 Total Sales
Estimated Value: $299,000 - $380,000
4
Beds
4
Baths
--
Sq Ft
8,712
Sq Ft Lot
Highlights
- Den
- 2.5 Car Detached Garage
- Patio
- Sitting Room
- Porch
- Forced Air Heating System
About This Home
As of October 2022Gorgeous, well maintained INCOME GENERATING 3 flat near Downtown Elgin (1 block outside of the Historic District) boasting 2944 SQ FT! The perfect investment opportunity! 2 out of the 3 units are currently rented, UNIT 3 is recently vacant. So buyer could move in for now and then switch to the larger 2 bedroom unit once the current tenants are out and rent units 2 & 3 to family/ friends! ROOF IS NEW. Exterior & siding restored & repainted ~ 5 years ago. Plumbing was recently updated. All units have gorgeous hardwood floors throughout, separate entrances and parking spaces (currently unit 1 is utilizing the 2.5 car garage and units 2 & 3 have the exterior spaces.) Each unit has their own electric meter & cooking gas is paid for by tenants. Current landlord pays heat, water, & trash. Extra storage space & free laundry is provided in basement. Unit 1 is a 2 bd/ 2 bath and is the only unit located on the first floor. It is the largest unit of the 3, at 1500 sq. ft. Unit has lots of livable space- with a living room, family room (that could be converted to 3rd bedroom if needed) & a gorgeous formal dining room featuring a beautiful antique marble fireplace with gold inlay. Tenant of unit 1 currently pay $1k/ month in rent which is extremely low for the size/ quality of this unit- but tenant handles all property maintenance for landlord. (According to current market rent; rent could be adjusted to ~$2k) Units 2 and 3 are both 1 bd/ 1 bath units, located on the 2nd floor of property. Unit 2 is approximately 1100 sq. ft. The unit is very bright & open, featuring a generous sized living room and lots of closet space. Rent could be raised to $950- $1k. Unit 3 is ~ 400 sq. ft. with a good sized kitchen & smartly utilized dining area. (could be rented for ~$895) All appliances in units 1 & 2 were installed 2019- 2021 and the windows in units 2 & 3 were recently restored. Current water heater is from 2008 and working well, but owner will be leaving a new water heater for buyer to use once needed. Do not let this fantastic investment opportunity pass by. Schedule a showing today!
Last Agent to Sell the Property
Baird & Warner License #475197361 Listed on: 05/26/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,206
Year Built
- Built in 1895
Lot Details
- 8,712 Sq Ft Lot
- Lot Dimensions are 66x132
Parking
- 2.5 Car Detached Garage
- Driveway
- On-Street Parking
- Parking Included in Price
Home Design
- Frame Construction
- Asphalt Roof
- Concrete Perimeter Foundation
Interior Spaces
- Sitting Room
- Den
- Carbon Monoxide Detectors
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Potential Bedrooms
- 4 Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Basement Storage
Outdoor Features
- Patio
- Porch
Schools
- Channing Memorial Elementary Sch
- Ellis Middle School
- Elgin High School
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
Community Details
Overview
- 3 Units
Building Details
- Fuel Expense $1,600
- Insurance Expense $1,300
- Maintenance Expense $1,500
- Professional Management Expense $300
- Trash Expense $1,000
- Water Sewer Expense $1,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 26, 2022
Closed on
Nov 18, 2022
Sold by
Cain Debra M
Bought by
Liberty Manor Llc
Seller's Agent
Algenia Capuano
Baird & Warner
Buyer's Agent
Algenia Capuano
Baird & Warner
List Price
$325,000
Sold Price
$315,000
Premium/Discount to List
-$10,000
-3.08%
Views
64
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,171
Avg. Annual Appreciation
4.04%
Original Mortgage
$309,294
Interest Rate
4%
Mortgage Type
FHA
Purchase Details
Listed on
May 26, 2022
Closed on
Oct 20, 2022
Sold by
Johnstone John A and Johnstone Carol J
Bought by
Cain Debra M and Gilski Michelle L
Seller's Agent
Algenia Capuano
Baird & Warner
Buyer's Agent
Algenia Capuano
Baird & Warner
List Price
$325,000
Sold Price
$315,000
Premium/Discount to List
-$10,000
-3.08%
Views
64
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$309,294
Interest Rate
4%
Mortgage Type
FHA
Purchase Details
Closed on
Mar 11, 2018
Sold by
Johnstone John A and Johnstone Carol J
Bought by
Johnstone John A and Johnstone Carol J
Purchase Details
Closed on
Nov 30, 1994
Sold by
Austin Bank Of Chicago
Bought by
Johnstone John A and Johnstone Carol J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
7.5%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Liberty Manor Llc | -- | -- | |
| Cain Debra M | $315,000 | Fidelity National Title | |
| Johnstone John A | -- | None Available | |
| Johnstone John A | $100,000 | Chicago Title Insurance Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Cain Debra M | $309,294 | |
| Previous Owner | Johnstone John A | $95,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/20/2022 10/20/22 | Sold | $315,000 | 0.0% | -- |
| 08/15/2022 08/15/22 | Pending | -- | -- | -- |
| 06/15/2022 06/15/22 | Price Changed | $315,000 | -3.1% | -- |
| 06/09/2022 06/09/22 | For Sale | $325,000 | 0.0% | -- |
| 06/01/2022 06/01/22 | Pending | -- | -- | -- |
| 05/26/2022 05/26/22 | For Sale | $325,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $8,020 | $100,216 | $15,901 | $84,315 |
| 2023 | $7,036 | $90,537 | $14,365 | $76,172 |
| 2022 | $6,611 | $76,240 | $13,098 | $63,142 |
| 2021 | $6,359 | $71,279 | $12,246 | $59,033 |
| 2020 | $6,206 | $68,047 | $11,691 | $56,356 |
| 2019 | $6,054 | $64,819 | $11,136 | $53,683 |
| 2018 | $6,037 | $61,064 | $10,491 | $50,573 |
| 2017 | $5,938 | $57,728 | $9,918 | $47,810 |
| 2016 | $5,712 | $53,556 | $9,201 | $44,355 |
| 2015 | -- | $49,089 | $8,434 | $40,655 |
| 2014 | -- | $48,483 | $8,330 | $40,153 |
| 2013 | -- | $49,762 | $8,550 | $41,212 |
Source: Public Records
Agents Affiliated with this Home
-
Algenia Capuano
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11412126
APN: 06-13-405-023
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