K
Seller's Agent in 2018
KATHY BOOKLESS
DC Rise Real Estate
116 E Myrtle St Elizabeth, IL 61028
Estimated Value: $127,000 - $300,000
Studio
--
Bath
5,600
Sq Ft
$38/Sq Ft
Est. Value
Highlights
- Covered Patio or Porch
- Brick or Stone Mason
- Baseboard Heating
- River Ridge Middle School Rated 10
- Forced Air Heating and Cooling System
About This Home
As of June 2018Historic former “Commercial Hotel†built in 1894. It has been operated as a 6-unit apartment building with the current building owner operating a gift shop on a portion of the main floor for the past 17 years. The gift shop (which also has central air conditioning) could be converted to additional apartment space. This 2-story brick building is located across the street from the Chicago Great Western Railway Museum. The former hotel operated for 59 years until it was closed on December 23, 1953. The owners have tried to maintain many of the architectural features of the former hotel and even have a few pieces of furniture from the hotel, which could be purchased on a separate bill of sale. The six apartments are all 1 bedroom/1 bath with natural gas and electricity separately metered and all but one include a stove & refrigerator. Apartment rents ranged from $350 to $425/month when occupied. Apt. #4 (main floor) is the only unit currently occupied at $375 plus heat only on month-to-month w/$150 security deposit. No rent allocated for retail shop which occupies the balance of main floor. Landlord pays for taxes, insurance, garbage and water. The property includes an adjacent frame storage/garage structure. Owner financing possible w/20% down. (kb41)
Last Agent to Sell the Property
KATHY BOOKLESS
DC Rise Real Estate License #475095928 Listed on: 08/22/2017
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,864
Year Built
- Built in 1894
Lot Details
- 7,405
Home Design
- Brick or Stone Mason
- Shingle Roof
- Metal Roof
Interior Spaces
- 5,600 Sq Ft Home
- 2-Story Property
- Basement
Kitchen
- Stove
- Range
Outdoor Features
- Covered Patio or Porch
Schools
- River Ridge Elementary And Middle School
- River Ridge High School
Utilities
- Forced Air Heating and Cooling System
- Cooling System Mounted In Outer Wall Opening
- Baseboard Heating
- Heating System Uses Natural Gas
- Separate Meters
- Natural Gas Water Heater
Community Details
- 6 Units
- 2-Story Building
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 22, 2017
Closed on
Jun 6, 2018
Sold by
General Bradley W Trust
Bought by
Jan5en Properties Llc
Seller's Agent
KATHY BOOKLESS
DC Rise Real Estate
Buyer's Agent
Jim Pahnke
Keller Williams Legacy Group
List Price
$125,000
Sold Price
$115,000
Premium/Discount to List
-$10,000
-8%
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
$98,826
Avg. Annual Appreciation
8.23%
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Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Jan5en Properties Llc | $115,767 | Security First Title |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/06/2018 06/06/18 | Sold | $115,000 | -8.0% | $21 / Sq Ft |
| 04/08/2018 04/08/18 | Pending | -- | -- | -- |
| 08/22/2017 08/22/17 | For Sale | $125,000 | -- | $22 / Sq Ft |
Source: NorthWest Illinois Alliance of REALTORS®
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 | $5,559 | $85,405 | $1,488 | $83,917 |
| 2023 | $5,013 | $73,746 | $1,285 | $72,461 |
| 2022 | $5,013 | $60,851 | $1,060 | $59,791 |
| 2021 | $3,001 | $38,049 | $2,728 | $35,321 |
| 2020 | $3,098 | $38,049 | $2,728 | $35,321 |
| 2019 | $3,020 | $38,049 | $2,728 | $35,321 |
| 2018 | $2,959 | $38,049 | $2,728 | $35,321 |
| 2017 | $2,864 | $37,151 | $2,728 | $34,423 |
| 2016 | $2,851 | $37,151 | $2,728 | $34,423 |
| 2015 | $2,844 | $37,151 | $2,728 | $34,423 |
| 2014 | $2,661 | $37,196 | $2,803 | $34,393 |
Source: Public Records
Agents Affiliated with this Home
-
-
Jim Pahnke
Buyer's Agent in 2018
Jim Pahnke
Keller Williams Legacy Group
(608) 778-5935
92 Total Sales
Map
Source: NorthWest Illinois Alliance of REALTORS®
MLS Number: 126058
APN: 07-001-147-00
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