Seller's Agent in 2024
Zach Gring
GC Realty and Development
(630) 373-2554
1 in this area
29 Total Sales
113 Elm St Elgin, IL 60123
Near West Elgin NeighborhoodEstimated Value: $321,000 - $466,967
4
Beds
3
Baths
--
Sq Ft
7,405
Sq Ft Lot
Highlights
- English Architecture
- 2 Car Detached Garage
- Multiple Water Heaters
- Separate Outdoor Workshop
- Forced Air Heating System
- Paved or Partially Paved Lot
About This Home
As of June 2024"Income-Producing Property with Character and Convenience" This well-maintained brick 3-flat offers a fantastic opportunity for both investors and owner-occupants. Located in a great area close to schools and transportation, this property boasts several attractive features-The home/building includes charm with its classic brick exterior and well-preserved interior details. Most of the units have been thoughtfully remodeled, featuring nice floors (including some newer carpet), updated kitchens, and baths. Each unit has its own gas and electric utilities, ensuring that tenants cover their own utility costs. The property is beautifully landscaped, creating an inviting curb appeal. Spacious Layout: With one unit per floor, each apartment offers good-sized bedrooms and comfortable living spaces. The building has been meticulously maintained, making it an easy transition for new occupants. Added bonus is the 2-car garage that includes an attached storage or workroom (approximately 20 x 8) Recent Inspection: The property was inspected by the City of Elgin on 09/26/2023 and passed with flying colors, ensuring peace of mind for buyers. Add this to your portfolio today!** please note the owner is living in unit 2 and this unit can be converted to a 2 bedroom if you add a closet to the extra room** Unit 1 plans to resign their lease after 8/24**inspection from Elgin in 2023 passed**
Last Agent to Sell the Property
GC Realty and Development License #475198060 Listed on: 05/07/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,874
Year Built
- Built in 1900
Lot Details
- 7,405 Sq Ft Lot
- Paved or Partially Paved Lot
Parking
- 2 Car Detached Garage
- Parking Included in Price
Home Design
- English Architecture
- Brick Exterior Construction
- Asphalt Roof
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Potential Bedrooms
- 3 Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Exterior Basement Entry
Home Security
- Storm Screens
- Carbon Monoxide Detectors
Outdoor Features
- Separate Outdoor Workshop
Schools
- Lowrie Elementary School
- Abbott Middle School
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Multiple Water Heaters
- Gas Water Heater
- Cable TV Available
Community Details
Overview
- 3 Units
- 2 Story 3 Flat
Building Details
- Electric Expense $192
- Insurance Expense $2,200
- Water Sewer Expense $1,440
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 7, 2024
Closed on
Jun 12, 2024
Sold by
Girard Zachary P
Bought by
Kofie Natalie Joy and Ideran Joy Kristine
Seller's Agent
Zach Gring
GC Realty and Development
Buyer's Agent
Natalie Kofie
RE/MAX All Pro - St Charles
List Price
$450,000
Sold Price
$450,000
Views
6
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
-$71,258
Avg. Annual Appreciation
-10.53%
Original Mortgage
$420,850
Outstanding Balance
$415,032
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
-$36,290
Purchase Details
Listed on
Oct 12, 2022
Closed on
Jan 4, 2023
Sold by
Moe Robert F
Bought by
Girard Zachary P
Seller's Agent
Steven Wiskerchen
Partners Real Estate of IL
Buyer's Agent
Roberta Bralich
Coldwell Banker Real Estate Group
List Price
$400,000
Sold Price
$388,000
Premium/Discount to List
-$12,000
-3%
Views
86
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.84%
Original Mortgage
$368,600
Interest Rate
6.42%
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 |
|---|---|---|---|
| Kofie Natalie Joy | $443,000 | None Listed On Document | |
| Girard Zachary P | $388,000 | Chicago Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Kofie Natalie Joy | $420,850 | |
| Previous Owner | Girard Zachary P | $368,600 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/12/2024 06/12/24 | Sold | $450,000 | 0.0% | -- | |
| 05/10/2024 05/10/24 | Pending | -- | -- | -- | |
| 05/07/2024 05/07/24 | For Sale | $450,000 | +16.0% | -- | |
| 01/05/2023 01/05/23 | Sold | $388,000 | -5.4% | -- | View Prior Sale |
| 11/20/2022 11/20/22 | Pending | -- | -- | -- | |
| 10/12/2022 10/12/22 | Price Changed | $410,000 | +2.5% | -- | |
| 10/12/2022 10/12/22 | For Sale | $400,000 | -- | -- |
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 | $5,243 | $73,519 | $15,445 | $58,074 |
| 2023 | $5,662 | $66,418 | $13,953 | $52,465 |
| 2022 | $4,874 | $56,213 | $12,723 | $43,490 |
| 2021 | $4,689 | $52,555 | $11,895 | $40,660 |
| 2020 | $4,576 | $50,172 | $11,356 | $38,816 |
| 2019 | $4,464 | $47,792 | $10,817 | $36,975 |
| 2018 | $4,451 | $45,023 | $10,190 | $34,833 |
| 2017 | $4,378 | $42,563 | $9,633 | $32,930 |
| 2016 | $4,211 | $39,487 | $8,937 | $30,550 |
| 2015 | -- | $36,194 | $8,192 | $28,002 |
| 2014 | -- | $35,747 | $8,091 | $27,656 |
| 2013 | -- | $36,689 | $8,304 | $28,385 |
Source: Public Records
Agents Affiliated with this Home
-
Zach Gring
-
Natalie Kofie
Buyer's Agent in 2024
Natalie Kofie
RE/MAX
(630) 965-5709
2 in this area
41 Total Sales
-
S
Seller's Agent in 2023
Steven Wiskerchen
Partners Real Estate of IL
-
Roberta Bralich
Buyer's Agent in 2023
Roberta Bralich
Coldwell Banker Real Estate Group
(224) 623-5656
1 in this area
31 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12046297
APN: 06-14-476-004
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