NOT LISTED FOR SALE

Estimated Value: $250,874

5 Beds
2 Baths
-- Sq Ft
4,356 Sq Ft Lot

Last Sold January 12, 2015

Last sale price $95,000

Est. 164% increase in value since last sale

Current estimated payment $1,713/month

76 Days on Market

About This Home

As of January 2015

An excellent investment opportunity awaits you in this rehabbed 2 flat in downtown Elgin! First floor unit offers 2BR/1BA while upper unit boasts 3BR/1BA. Updated carpet, fresh paint, updated kitchens with updated appliances, countertops & cabinets. Nothing to do here but enjoy the income!

Last Agent to Sell the Property

Matt Kombrink

One Source Realty License #471007391 Listed on: 09/11/2014

Co-Listed By

Christopher Lobrillo

Grandview Realty, LLC License #471019567

Last Buyer's Agent

Art Zamudo

Casablanca License #471004482

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,443

Year Built

  • Built in 1900

Lot Details

  • 4,356

Parking

  • 1 Car Attached Garage
  • Parking Space is Owned

Home Design

  • Frame Construction

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 2 Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 66x66

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,443

Year Built

Built in 1900

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1900
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rehab (Y/N): Yes
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 5
  • Basement Description: Partially Finished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Frame

Garage/Parking

  • Garage Spaces: 1
  • ParkingTotal: 1
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 66X66
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 5

Tax Info

  • Tax Annual Amount: 3443.06
  • Tax Year: 2013
  • Tax Exemptions: None

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2014
Closed on
Dec 5, 2014
Sold by
Grandview Capital Llc
Bought by
Carbajal Fortino
Seller's Agent
Matt Kombrink
One Source Realty
Buyer's Agent
Art Zamudo
Casablanca
List Price
$139,000
Sold Price
$95,000
Premium/Discount to List
-$44,000
-31.65%
Current Estimated Value
$250,874

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$155,874
Avg. Annual Appreciation
9.22%
Original Mortgage
$71,250
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 21, 2009
Sold by
Alvarez Jose
Bought by
Grandview Capital Llc

Purchase Details

Closed on
Sep 16, 2005
Sold by
Denava Juan
Bought by
Alvarez Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,000
Interest Rate
7.2%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 15, 1999
Sold by
Valentin Sonia
Bought by
Denava Juan

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
7.17%

Purchase Details

Closed on
Dec 14, 1998
Sold by
Valentin Angel
Bought by
Valentin Sonia N
Source: Public Records
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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
Carbajal Fortino $95,000 Chicago Title Insurance Co
Grandview Capital Llc -- None Available
Alvarez Jose $190,000 Multiple
Denava Juan $110,000 --
Valentin Sonia N -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Carbajal Fortino $71,250
Previous Owner Alvarez Jose $152,000
Previous Owner Denava Juan $95,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/12/2015 01/12/15 Sold $95,000 -9.4% --
11/26/2014 11/26/14 Pending -- -- --
11/08/2014 11/08/14 Price Changed $104,900 -19.2% --
10/16/2014 10/16/14 Price Changed $129,900 -3.1% --
09/11/2014 09/11/14 Price Changed $134,000 -3.6% --
09/11/2014 09/11/14 For Sale $139,000 -- --
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 $4,809 $68,094 $10,603 $57,491
2023 $4,562 $61,518 $9,579 $51,939
2022 $3,970 $51,788 $8,734 $43,054
2021 $3,784 $48,418 $8,166 $40,252
2020 $3,668 $46,223 $7,796 $38,427
2019 $3,552 $44,030 $7,426 $36,604
2018 $3,508 $41,479 $6,996 $34,483
2017 $3,416 $39,213 $6,614 $32,599
2016 $3,240 $36,379 $6,136 $30,243
2015 -- $33,344 $5,624 $27,720
2014 -- $32,933 $5,555 $27,378
2013 -- $33,802 $5,702 $28,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 08725243

Midwest Real Estate Data (MRED)

APN: 06-11-486-007