$232,000
SOLD AUG 25, 2025

118 W North St Elburn, IL 60119

3 Beds
2 Baths
-- Sq Ft
1943 Built

Recently Sold

4% Below List Price

28 Days on Market

About This Home

As of August 2025

Opportunity is knocking here! This property's location, one block off main street, offers great potential for becoming a great business/office/retail space. (see photos for commercial concept) OR continue its current use as a cash flowing income producing rental with a 7.7% cap rate! Offering good current cash flow and with the potential of becoming a great business/office/retail space, how can you go wrong with either use?

Last Agent to Sell the Property

Tom Vierig

Castle View Real Estate License #471017067 Listed on: 06/17/2025

Co-Listed By

George Sobyra

Castle View Real Estate License #475203884

Last Buyer's Agent

Melissa Garcia

Legacy Properties License #475133418

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,958

Year Built

  • Built in 1943

Parking

  • 4 Parking Spaces

Home Design

  • Asphalt Roof

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 2 Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Partial Basement
  • Lot Dimensions are 60 x 107.17 x 60 x 107.26

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $2,007
  • Water Sewer Expense $1,230
  • Gross Income $28,980
  • Net Operating Income $18,785

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,958

Year Built

Built in 1943

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1943
  • Age: 81-90 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished, Partial
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 242500
  • Roof: Asphalt
  • Waterfront: No

Garage/Parking

  • Parking Features: On Site
  • ParkingTotal: 4

Utilities

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

Fee Information

  • Water Sewer Expenses: 1230

Schools

  • Middle/Junior School District: 302

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 60 X 107.17 X 60 X 107.26
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 19

Multi Family

  • Net Operating Income: 18785
  • Insurance Expense: 2007
  • GrossIncome: 28980
  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 6957.98
  • Tax Year: 2024
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2025
Closed on
Aug 21, 2025
Sold by
Los Pollos Hermanos Real Estate Holdings
Bought by
Lindoo Nathanael
Seller's Agent
Tom Vierig
Castle View Real Estate
Buyer's Agent
Melissa Garcia
Legacy Properties
List Price
$242,500
Sold Price
$232,000
Premium/Discount to List
-$10,500
-4.33%
Views
110

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
210.87%
Original Mortgage
$197,200
Outstanding Balance
$197,200
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$48,337

Purchase Details

Closed on
Nov 16, 2020
Sold by
Steinbis Properties Llc
Bought by
Los Pollos Hermanos Real Estate Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,750
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 23, 2005
Sold by
Steinbis Michael
Bought by
Steinbis Properties Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Warranty Deed $232,000 Chicago Title
Special Warranty Deed -- None Listed On Document
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $197,200 New Conventional
Previous Owner $108,750 New Conventional
Previous Owner $100,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2025 08/25/25 Sold $232,000 -4.3% --
07/15/2025 07/15/25 Pending -- -- --
06/17/2025 06/17/25 For Sale $242,500 -- --
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 $6,958 $82,541 $7,451 $75,090
2023 $6,759 $74,496 $6,725 $67,771
2022 $5,276 $56,362 $6,172 $50,190
2021 $5,118 $53,945 $5,907 $48,038
2020 $5,038 $52,681 $5,769 $46,912
2019 $5,317 $54,689 $5,684 $49,005
2018 $4,138 $41,687 $5,684 $36,003
2017 $4,142 $41,213 $5,619 $35,594
2016 $3,757 $36,287 $5,471 $30,816
2015 -- $36,081 $5,258 $30,823
2014 -- $35,865 $5,851 $30,014
2013 -- $35,865 $5,851 $30,014
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12389885

Midwest Real Estate Data (MRED)

APN: 11-06-240-007