Seller's Agent in 2024
Tim Sotis
RE/MAX
(630) 669-9901
1 in this area
202 Total Sales
105 Elm St Elgin, IL 60123
Near West Elgin NeighborhoodEstimated Value: $469,000 - $610,424
6
Beds
4
Baths
--
Sq Ft
8,712
Sq Ft Lot
Highlights
- Property is near a park
- First Floor Utility Room
- Baseboard Heating
- Corner Lot
- Ceiling Fan
- Partially Fenced Property
About This Home
As of April 2024WELL MAINTAINED AND SOLID BRICK 4-UNIT BUILDING WITH GREAT INCOME POTENTIAL. ROOF NEW (TEAR OFF) IN 2021. NEWLY INSTALLED VINYL TONGUE AND GROOVE PLANK LAMINATE FLOOR IN THREE OF THE UNITS (2020). ATTIC PROFESSIONALLY INSULATED AND RAISED TO AN R-45 RATING (2019). EXISTING BOILER HAS TWO NEW ZONE VALVES - NEW PRESSURE RELIEF AND WATER VALUE (2021). WATER HEATER NEW IN 2022. COIN LAUNDRY IN UTILITY ROOM BRINGS AN ADDITIONAL $1500 IN ANNUAL INCOME. UNIT #4 TOTALLY REMODELED WITH NEW CABINETS - APPLIANCES - LAMINATE FLOORING THRU-OUT - NEW BATHROOM FIXTURES - TUB MIXING VALVE AND SHOWER SURROUND. BRAND NEW PARKING LOT BLOCK RETAINING SUPPORT WALL ON ENTIRE SOUTH AND WEST SIDE OF PROPERTY (2023). LOCATED NEAR DOWNTOWN ELGIN, FESTIVAL PARK, GRAND VICTORIA RIVERBOAT CASINO, I-90, RT. 31, SCHOOLS, RESTAURANTS AND SO MUCH MORE! PLEASE MAKE SURE TO SHOW YOUR BUYERS THE "PROJECTED INCOME" THAT THIS BUILDING WILL BRING, IN RELATION TO THE CURRENT INCOME THAT IS VERY LOW. 24 HOUR NOTICE REQUIRED DUE TO TENANTS.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,979
Year Built
- Built in 1959 | Remodeled in 2023
Lot Details
- 8,712 Sq Ft Lot
- Lot Dimensions are 132 x 66
- Partially Fenced Property
- Corner Lot
- Paved or Partially Paved Lot
Home Design
- Brick Exterior Construction
- Asphalt Roof
- Concrete Perimeter Foundation
Interior Spaces
- Ceiling Fan
- First Floor Utility Room
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Potential Bedrooms
- 4 Bathrooms
Home Security
- Storm Screens
- Carbon Monoxide Detectors
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
- Parking Lot
- Off-Street Parking
- Parking Included in Price
- Unassigned Parking
Location
- Property is near a park
Schools
- Washington Elementary School
- Abbott Middle School
- Larkin High School
Utilities
- Baseboard Heating
- Heating System Uses Natural Gas
- Radiant Heating System
- Gas Water Heater
Community Details
Overview
- 4 Units
Building Details
- Electric Expense $325
- Fuel Expense $1,750
- Insurance Expense $2,500
- Water Sewer Expense $3,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 29, 2024
Closed on
Apr 5, 2024
Sold by
Richard C Myers Living Trust and Myers Richard C
Bought by
Falese Michael W and Falese Jill L
Seller's Agent
Tim Sotis
RE/MAX All Pro
Buyer's Agent
Christopher Tierney
Keller Williams Experience
List Price
$569,900
Sold Price
$567,500
Premium/Discount to List
-$2,400
-0.42%
Views
40
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
-$41,492
Avg. Annual Appreciation
-4.92%
Original Mortgage
$420,000
Outstanding Balance
$414,017
Interest Rate
7.13%
Mortgage Type
New Conventional
Estimated Equity
$106,839
Purchase Details
Closed on
Mar 16, 2018
Sold by
Myers Richard C
Bought by
Richard C Myers Living Trust and Myers Richard C
Purchase Details
Closed on
Jul 5, 2013
Sold by
Chicago Title Land Trust Co
Bought by
Myers Richard C
Purchase Details
Closed on
Nov 30, 2005
Sold by
Smith Robert L and Smith Mary E
Bought by
Cardunal Savings Bank and Trust #98-123
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
4.38%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 9, 2004
Sold by
Smith Robert L and Smith Mary E
Bought by
Smith Robert L and Smith Mary E
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 |
|---|---|---|---|
| Falese Michael W | $567,500 | First American Title | |
| Richard C Myers Living Trust | -- | Attorney | |
| Myers Richard C | -- | None Available | |
| Cardunal Savings Bank | $280,000 | Chicago Title Insurance Comp | |
| Smith Robert L | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Falese Michael W | $420,000 | |
| Previous Owner | Cardunal Savings Bank | $180,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/05/2024 04/05/24 | Sold | $567,500 | -0.4% | -- |
| 03/04/2024 03/04/24 | Pending | -- | -- | -- |
| 02/29/2024 02/29/24 | For Sale | $569,900 | -- | -- |
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 | $9,666 | $120,778 | $20,938 | $99,840 |
| 2023 | $9,301 | $109,114 | $18,916 | $90,198 |
| 2022 | $7,979 | $92,016 | $17,248 | $74,768 |
| 2021 | $7,675 | $86,029 | $16,126 | $69,903 |
| 2020 | $7,490 | $82,128 | $15,395 | $66,733 |
| 2019 | $7,307 | $78,232 | $14,665 | $63,567 |
| 2018 | $6,940 | $73,699 | $13,815 | $59,884 |
| 2017 | $7,261 | $74,120 | $13,894 | $60,226 |
| 2016 | $7,996 | $74,971 | $12,890 | $62,081 |
| 2015 | -- | $68,718 | $11,815 | $56,903 |
| 2014 | -- | $67,869 | $11,669 | $56,200 |
| 2013 | -- | $69,659 | $11,977 | $57,682 |
Source: Public Records
Agents Affiliated with this Home
-
Tim Sotis
-
Natalie Kofie
Seller Co-Listing Agent in 2024
Natalie Kofie
RE/MAX
(630) 965-5709
2 in this area
41 Total Sales
-
Christopher Tierney
Buyer's Agent in 2024
Christopher Tierney
Keller Williams Experience
(630) 742-7082
1 in this area
29 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11991261
APN: 06-14-476-001
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