R
Seller's Agent in 2022
Richard Babb
HomeSmart Connect LLC
(630) 696-8312
1 in this area
209 Total Sales
125 Oak St Elgin, IL 60123
Southwest Elgin NeighborhoodEstimated Value: $280,000 - $338,000
4
Beds
2
Baths
--
Sq Ft
10,237
Sq Ft Lot
Highlights
- Screened Porch
- Forced Air Heating System
- 3-minute walk to Ryerson Park
- Outdoor Grill
- Paved or Partially Paved Lot
About This Home
As of December 2022Amazing investment opportunity! First floor unit will be freshly cleaned and painted, tenant just left. Here is your chance to own a vintage building, just steps away from the Fox River and close to downtown Elgin that helps pay for itself! Live in one unit and rent out the other, or rent them both out for a potential 2700/month rental income. The property offers 2 units, one upstairs and one downstairs. Both units are 2 bedroom and 1 bathroom, have original mouldings and large windows throughout allowing ample sunlight, original hardwood floors and full kitchens. The basement houses laundry and storage cages for each unit. Located close to Grand Victoria Casino, Metra, expressways, shopping, entertainment, restaurants, the Fox River and so much more! Both units were renovated in 2014 including updated furnace, A/C condenser, roof, UV efficient windows, water heater and appliances. Located on a large lot with plenty of space to enjoy the outdoors and 4 comfortable parking spaces. All renovations were done to code. Building is being sold as-is. Please see private remarks for tenant info.
Last Agent to Sell the Property
Richard Babb
HomeSmart Connect LLC License #475158808 Listed on: 09/16/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,343
Year Built
- Built in 1900 | Remodeled in 2014
Lot Details
- 10,237
Interior Spaces
- Screened Porch
- Finished Basement
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Potential Bedrooms
- 2 Bathrooms
Parking
- 4 Parking Spaces
- Driveway
- Uncovered Parking
- Parking Included in Price
Schools
- Lowrie Elementary School
- Abbott Middle School
- Larkin High School
Additional Features
- Outdoor Grill
- Paved or Partially Paved Lot
- Forced Air Heating System
Community Details
- 2 Units
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 16, 2022
Closed on
Dec 6, 2022
Sold by
Karim Aminul
Bought by
Gutierrez Irma E
Seller's Agent
Richard Babb
HomeSmart Connect LLC
Buyer's Agent
Monica Morales
Extreme Realty LLC
List Price
$283,500
Sold Price
$277,000
Premium/Discount to List
-$6,500
-2.29%
Views
113
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
$38,011
Avg. Annual Appreciation
4.32%
Original Mortgage
$271,982
Outstanding Balance
$263,124
Interest Rate
6.5%
Mortgage Type
FHA
Estimated Equity
$51,887
Purchase Details
Listed on
Mar 12, 2013
Closed on
May 1, 2013
Sold by
Fannie Mae
Bought by
Karim Aminul
Seller's Agent
Kim DeVincentis
Capital Asset Group Inc.
Buyer's Agent
Dale Merrick
RE/MAX Action
List Price
$74,900
Sold Price
$68,900
Premium/Discount to List
-$6,000
-8.01%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.54%
Purchase Details
Closed on
Nov 16, 2012
Sold by
Dimopoulos Petros
Bought by
Federal National Mortgage Association
Purchase Details
Closed on
Sep 17, 2007
Sold by
Dimopoulos Steve and Dimopoulos Stephanie
Bought by
Dimopulos Petros J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,750
Interest Rate
6.66%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 30, 2001
Sold by
Wallace Ronald F
Bought by
Dimopoulos Steve P
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,000
Interest Rate
7.03%
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 |
|---|---|---|---|
| Gutierrez Irma E | $277,000 | Fidelity Title | |
| Karim Aminul | $70,000 | Attorneys Title Guaranty Fun | |
| Federal National Mortgage Association | -- | None Available | |
| Dimopulos Petros J | $225,000 | Multiple | |
| Dimopoulos Steve P | $140,000 | -- | |
| Dimopoulos Steve P | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Gutierrez Irma E | $271,982 | |
| Previous Owner | Dimopulos Petros J | $168,750 | |
| Previous Owner | Dimopoulos Steve P | $133,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/23/2022 12/23/22 | Sold | $277,000 | -2.3% | -- | |
| 11/04/2022 11/04/22 | Pending | -- | -- | -- | |
| 09/16/2022 09/16/22 | For Sale | $283,500 | +311.5% | -- | |
| 05/10/2013 05/10/13 | Sold | $68,900 | -1.4% | -- | View Prior Sale |
| 04/22/2013 04/22/13 | Pending | -- | -- | -- | |
| 04/12/2013 04/12/13 | Price Changed | $69,900 | -6.7% | -- | |
| 03/12/2013 03/12/13 | For Sale | $74,900 | -- | -- |
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 | $4,933 | $69,640 | $15,901 | $53,739 |
| 2023 | $4,681 | $62,914 | $14,365 | $48,549 |
| 2022 | $4,625 | $53,342 | $13,098 | $40,244 |
| 2021 | $4,449 | $49,871 | $12,246 | $37,625 |
| 2020 | $4,342 | $47,610 | $11,691 | $35,919 |
| 2019 | $4,236 | $45,351 | $11,136 | $34,215 |
| 2018 | $4,254 | $42,724 | $10,491 | $32,233 |
| 2017 | $4,154 | $40,390 | $9,918 | $30,472 |
| 2016 | $3,996 | $37,471 | $9,201 | $28,270 |
| 2015 | -- | $34,346 | $8,434 | $25,912 |
| 2014 | -- | $33,922 | $8,330 | $25,592 |
| 2013 | -- | $34,817 | $8,550 | $26,267 |
Source: Public Records
Agents Affiliated with this Home
-
Richard Babb
-
Monica Morales
Buyer's Agent in 2022
Monica Morales
Extreme Realty LLC
(773) 406-1900
1 in this area
138 Total Sales
-
K
Seller's Agent in 2013
Kim DeVincentis
Capital Asset Group Inc.
-
D
Buyer's Agent in 2013
Dale Merrick
RE/MAX Action
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11631682
APN: 06-24-152-003
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