NOT LISTED FOR SALE

1274 Getzelman Dr Elgin, IL 60123

Northeast Elgin Neighborhood

Estimated Value: $1,103,239 - $1,203,000

Studio
-- Bath
7,500 Sq Ft
$154/Sq Ft Est. Value

Sale Details

Date Sold: June 6, 2025

Last sale price $1,100,900 $147 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $7,945 / mo

1 Day on Market

Highlights

  • Laundry Room
  • Zoned Heating System
  • Wood Siding
  • Storage Room
  • Baseboard Heating

About This Home

As of June 2025

LONG TERM OWNER SAYS -- IT'S TIME. Excellent and rare Investment Opportunity! Large 9 unit; All large 1 bedroom units with eating nook and private parking. Laundry on site -- current owner has washing machine with $2.00 to wash and $1.00 to dry - another source of revenue. Several tenants below market -- room for an additional rental increases. Quiet building with long term tenants and all mechanicals in tip top shape. No HOA - owner makes all decisions relative to building, grounds and tenants. SOLD DURING PROCESSING.

Last Agent to Sell the Property

Mary Hager-Swanson

Swanson Real Estate License #471003655 Listed on: 05/23/2025

Last Buyer's Agent

Leticia Lara

HomeSmart Connect LLC License #475143881

HomeSmart Connect LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,900

Year Built

  • Built in 1969

Lot Details

  • Lot Dimensions are 175 x125

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 7,500 Sq Ft Home
  • 3-Story Property
  • Storage Room
  • Laundry Room
  • Exterior Basement Entry
  • Fire and Smoke Detector

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Zoned Heating System
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Gas
  • Separate Meters
  • 100 Amp Service

Listing and Financial Details

  • Tenant pays for air conditioning, electricity

Community Details

Overview

  • 9 Units

Building Details

  • Electric Expense $1,000
  • Fuel Expense $3,000
  • Insurance Expense $5,100
  • Maintenance Expense $12,551
  • Trash Expense $1,251
  • Water Sewer Expense $4,200
  • Operating Expense $24,000
  • Gross Income $124,200
  • Net Operating Income $78,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,900

Year Built

Built in 1969

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Exterior Entrance
  • Stories: 3
  • Year Built: 1969
  • Built Before 1978 (Y/N): Yes
  • Information: Show-Special Instructions,No Sign on Property
  • Estimated Age: 36-50 Years
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Possible Use: Multi-Family
  • Fire Protection: Smoke or Fire Protectors
  • Misc Inside: Storage Inside,Laundry Room
  • Fireplaces: 1
  • Drive-In Doors: 0
  • Dishwashers: 0
  • Refrigerators: 9
  • Ranges: 9
  • Number of Washers: 1
  • Room: 0

Exterior Features

  • Construction Materials: Brick, Wood
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street
  • Roof: Composition
  • Roof Structure: Mansard,Wood Joists
  • Misc Outside: Balcony/ies,Patio,Security Lighting,Storms and Screens (as exist)

Garage/Parking

  • Outdoor Parking: 13-18 Spaces,Common Parking,Lighted,Paved,Private Lot

Utilities

  • Cooling: Wall Sleeve
  • Electric: Circuit Breakers, Separate Meters, Service - 0 to 100 Amps
  • Utilities: Sewer Connected
  • Water Source: Municipal Water
  • Heat/Ventilation: Central Heat/Indiv Controls,Gas,Hot Water,Baseboard,Zoned
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Owners Association (Y/N): No

Fee Information

  • Association Fee Includes: None
  • Trash Expense: 1251
  • Water Sewer Expenses: 4200

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 175 X125
  • Zoning: MULTI
  • Land Amenities: Curbs and Gutters,Lighting/Exterior,Sidewalks,Cable Ready

Rental Info

  • Tenant Pays: Air Conditioning, Electricity
  • Board Number: 5

Building Info

  • BuildingAreaTotal: 7500

Multi Family

  • Net Operating Income: 78100
  • Fuel Expense: 3000
  • Insurance Expense: 5100
  • ElectricExpense: 1000
  • GrossIncome: 124200
  • Maintenance Expense: 12551
  • NumberOfUnitsTotal: 9
  • OperatingExpense: 24000
  • Type Multi-Family: Corridor-Exterior Entrance

Tax Info

  • Tax Annual Amount: 21900
  • Tax Year: 2024

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 23, 2025
Closed on
May 23, 2025
Sold by
Bought by
Seller's Agent
Mary Hager-Swanson
Swanson Real Estate
Buyer's Agent
Leticia Lara
HomeSmart Connect LLC
List Price
$1,110,000
Sold Price
$1,100,900
Premium/Discount to List
-$9,100
-0.82%
Views
3
Current Estimated Value
$1,153,120

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,220
Avg. Annual Appreciation
4.84%

Purchase Details

Closed on
Jun 9, 2021
Sold by
Bought by

Purchase Details

Closed on
May 15, 2013
Sold by
Bought by

Purchase Details

Closed on
Mar 20, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$415,000
Interest Rate
5.79%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 21, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
8.55%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 6, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
6.94%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 2, 1998
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,109,500 Chicago Title
-- None Available
-- Accommodation
$535,000 Multiple
$390,000 --
$360,000 Chicago Title Insurance Co
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $415,000
Previous Owner $390,000
Previous Owner $288,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/06/2025 06/06/25 Sold $1,100,900 -0.8% $147 / Sq Ft
05/24/2025 05/24/25 Pending -- -- --
05/23/2025 05/23/25 For Sale $1,110,000 -- $148 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $21,900 $273,647 $53,006 $220,641
2023 $21,074 $247,219 $47,887 $199,332
2022 $19,547 $225,421 $43,665 $181,756
2021 $18,803 $210,753 $40,824 $169,929
2020 $18,350 $201,196 $38,973 $162,223
2019 $17,900 $191,652 $37,124 $154,528
2018 $16,542 $167,314 $34,973 $132,341
2017 $17,307 $168,268 $35,172 $133,096
2016 $18,112 $169,827 $32,630 $137,197
2015 -- $155,661 $29,908 $125,753
2014 -- $153,739 $29,539 $124,200
2013 -- $157,794 $30,318 $127,476
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2025

    Mary Hager-Swanson

    Swanson Real Estate

    (847) 502-7587

    4 in this area

    29 Total Sales

    Mary Hager-Swanson
    Section Image
  • Leticia Lara

    Buyer's Agent in 2025

    Leticia Lara

    The McDonald Group

    (847) 456-6764

    2 in this area

    92 Total Sales

    Leticia Lara
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12374197

Midwest Real Estate Data (MRED)

APN: 06-10-251-019

Illinois Kane County Elgin 60123 Northeast Elgin

1274 Getzelman Dr, Elgin, IL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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