NOT LISTED FOR SALE

Estimated Value: $348,000 - $387,000

6 Beds
4 Baths
-- Sq Ft
10,019 Sq Ft Lot

Last Sold December 14, 2018

Last sale price $265,000

Est. 39% increase in value since last sale

Current estimated payment $2,655/month

29 Days on Market

Highlights

  • Victorian Architecture
  • Fenced Yard
  • Porch
  • Sitting Room
  • Balcony
  • 5-minute walk to James T Gifford Park

About This Home

As of December 2018

Great 4unit with (3) 1bed units and (1) 2bed apartment. Located on the same street as Elgin Academy and is close to downtown. Fully rented, 1 year leases, full security deposits, GREAT CAP RATE over 13% Seller relocating out of state. Below market value As-Is

Last Agent to Sell the Property

Naomi Campbell

Coldwell Banker Realty License #475129084 Listed on: 11/15/2018

Coldwell Banker Realty

Last Buyer's Agent

Gary Lucido

Lucid Realty, Inc. License #471004524

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,394

Year Built

  • Built in 1903

Lot Details

  • Lot Dimensions are 66x153
  • Fenced Yard

Home Design

  • Victorian Architecture
  • Frame Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Ceiling Fan
  • Entrance Foyer
  • Sitting Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • Uncovered Parking
  • Parking Included in Price

Outdoor Features

  • Balcony
  • Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

Overview

  • 4 Units
  • 4 Flat

Building Details

  • Gross Income $4,740
  • Net Operating Income $42,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,394

Year Built

Built in 1903

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Victorian
  • New Construction: No
  • Year Built: 1903
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 6
  • Other Equipment: Ceiling Fan(s)
  • Room Type: Foyer, Sitting Room
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Garage/Space
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Garage/Space
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Garage/Space
  • AppliancesAndFeatures: Stove,Refrigerator,Garage/Space

Exterior Features

  • ExteriorFeatures: Balcony, Porch
  • Foundation Details: Concrete Perimeter
  • Lot Features: Fenced Yard
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Frame

Garage/Parking

  • ParkingTotal: 4
  • Number of Cars: 4
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

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

Fee Information

  • Other Expenses $: 4800.

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 66X153
  • Zoning: MULTI
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes
  • TenantPays: Electric,Gas

Multi Family

  • Net Operating Income: 42600
  • GrossIncome: 4740
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 6394
  • Tax Year: 2016
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 15, 2018
Closed on
Dec 14, 2018
Sold by
Weststar Industries Llc
Bought by
Asumoni Property Management Llc
Seller's Agent
Naomi Campbell
Coldwell Banker Realty
Buyer's Agent
Gary Lucido
Lucid Realty, Inc.
List Price
$285,000
Sold Price
$265,000
Premium/Discount to List
-$20,000
-7.02%
Current Estimated Value
$369,661

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$104,661
Avg. Annual Appreciation
4.83%

Purchase Details

Closed on
Aug 11, 2016
Sold by
Jarvis Robert
Bought by
Weststar Industries Llc

Purchase Details

Listed on
Nov 27, 2012
Closed on
Jun 3, 2013
Sold by
Md Properties Llc
Bought by
Jarvis Robert
Seller's Agent
Micky Cicchinelli
Chicago PM LLC
Buyer's Agent
Micky Cicchinelli
Chicago PM LLC
List Price
$100,000
Sold Price
$81,600
Premium/Discount to List
-$18,400
-18.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.75%

Purchase Details

Closed on
Jan 27, 2011
Sold by
Parks Michael R
Bought by
Md Properties Llc

Purchase Details

Closed on
Jul 2, 2010
Sold by
The Bank Of New York Mellon Trust Compan
Bought by
Parks Michael R

Purchase Details

Closed on
Dec 28, 2009
Sold by
Perez Rolando
Bought by
The Bank Of New York Mellon Trust Compan and The Bank Of New York Trust Company Na

Purchase Details

Closed on
Aug 2, 2005
Sold by
Sinnaeve Joseph E and Sinnaeve Laura
Bought by
Perez Rolando

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$274,500
Interest Rate
7.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 15, 2002
Sold by
Veloz Jose M and Veloz Maria E
Bought by
Sinnaeve Joseph E and Sinnaeve Laura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,500
Interest Rate
7.07%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 26, 1999
Sold by
Veloz Jose and Veloz Maria E
Bought by
Veloz Jose M and Veloz Maria E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,191
Interest Rate
6.94%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 24, 1994
Sold by
Harris Bank Barrington National Assn
Bought by
Veloz Jose M and Veloz Maria E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,280
Interest Rate
8.75%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Asumoni Property Management Llc $265,000 Attorney
Weststar Industries Llc $339,000 Chicago Title Ins Co
Jarvis Robert $507,500 Attorneys Title Guaranty Fun
Md Properties Llc -- None Available
Parks Michael R $121,000 Fidelity National Title
The Bank Of New York Mellon Trust Compan -- Ticor
Perez Rolando $305,000 Chicago Title Insurance Comp
Sinnaeve Joseph E $234,000 Chicago Title Insurance Comp
Veloz Jose M -- --
Veloz Jose M $145,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Perez Rolando $274,500
Previous Owner Sinnaeve Joseph E $175,500
Previous Owner Veloz Jose M $188,191
Previous Owner Veloz Jose M $142,280
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/14/2018 12/14/18 Sold $265,000 -7.0% --
12/12/2018 12/12/18 Pending -- -- --
12/01/2018 12/01/18 For Sale $285,000 0.0% --
11/19/2018 11/19/18 Pending -- -- --
11/13/2018 11/13/18 For Sale $285,000 +249.3% --
06/04/2013 06/04/13 Sold $81,600 0.0% -- View Prior Sale
05/20/2013 05/20/13 Pending -- -- --
02/28/2013 02/28/13 Off Market $81,600 -- --
11/27/2012 11/27/12 For Sale $100,000 -- --
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 $8,684 $108,511 $20,215 $88,296
2023 $9,750 $114,372 $18,263 $96,109
2022 $8,352 $96,321 $16,653 $79,668
2021 $8,034 $90,053 $15,569 $74,484
2020 $7,841 $85,969 $14,863 $71,106
2019 $7,648 $81,891 $14,158 $67,733
2018 $6,758 $68,359 $13,338 $55,021
2017 $6,647 $64,624 $12,609 $52,015
2016 $6,394 $59,954 $11,698 $48,256
2015 -- $54,953 $10,722 $44,231
2014 -- $54,275 $10,590 $43,685
2013 -- $55,706 $10,869 $44,837
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10138992

Midwest Real Estate Data (MRED)

APN: 06-13-156-013