M
Seller's Agent in 2022
Mary Hager-Swanson
Swanson Real Estate
(847) 502-7587
4 in this area
28 Total Sales
1300 Getzelman Dr Elgin, IL 60123
Northeast Elgin NeighborhoodEstimated Value: $898,738
39
Beds
21
Baths
5,040
Sq Ft
$178/Sq Ft
Est. Value
Highlights
- Laundry Room
- Zoned Heating System
- Baseboard Heating
- Storage Room
About This Home
As of June 2022Excellent Investment Opportunity! Large 6 unit; 4 - 2 bedroom units and 2 - 1 bedroom units and private parking. Laundry on site -- current owner has free washing machine with $1.50 to dry - another untapped source of revenue. Actual gross rents and dryer funds are $77,580 with room for an additional 6% in increases ($4,620.) Quiet building with long term tenants and all mechanicals in tip top shape. Mansard section of roof and painting of trim around windows is scheduled to be completed prior to closing, however, seller will credit the $12,500 in their repair fund and allow new buyer to use their own tradesmen. No HOA - owner makes all decisions relative to building, grounds and tenants.
Last Agent to Sell the Property
Swanson Real Estate License #471003655 Listed on: 04/16/2022
Last Buyer's Agent
Mark Goff
HomeSmart Connect, LLC. License #475120143
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,932
Year Built
- Built in 1969
Lot Details
- Lot Dimensions are 87 x125
Home Design
- Brick Exterior Construction
- Wood Frame Construction
- Composition Roof
- Concrete Perimeter Foundation
Interior Spaces
- 5,040 Sq Ft Home
- 3-Story Property
- Storage Room
- Laundry Room
- Exterior Basement Entry
- Fire and Smoke Detector
Bedrooms and Bathrooms
- 39 Bedrooms
- 21 Bathrooms
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
- 6 Units
Building Details
- Electric Expense $656
- Fuel Expense $2,879
- Insurance Expense $4,100
- Maintenance Expense $244
- Trash Expense $1,251
- Water Sewer Expense $3,554
- Operating Expense $25,616
- Gross Income $77,580
- Net Operating Income $51,964
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
Apr 16, 2022
Closed on
Jun 24, 2022
Sold by
Bought by
Seller's Agent
Mary Hager-Swanson
Swanson Real Estate
Buyer's Agent
Mark Goff
HomeSmart Connect, LLC.
List Price
$669,000
Sold Price
$672,500
Premium/Discount to List
$3,500
0.52%
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
$226,238
Avg. Annual Appreciation
7.33%
Original Mortgage
$504,000
Outstanding Balance
$472,421
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$426,317
Purchase Details
Closed on
Feb 1, 2018
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
$980,000
Interest Rate
4.99%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 1, 2008
Sold by
Bought by
Purchase Details
Closed on
Feb 22, 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
$390,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 31, 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
$285,000
Interest Rate
8.19%
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| $672,500 | Chicago Title | ||
| -- | Attorney | ||
| -- | None Available | ||
| $380,000 | Chicago Title Insurance Co | ||
| $285,000 | 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 |
|---|---|---|---|
| Open | $504,000 | ||
| Previous Owner | $980,000 | ||
| Previous Owner | $390,000 | ||
| Previous Owner | $100,000 | ||
| Previous Owner | $285,000 |
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 |
|---|---|---|---|---|
| 06/24/2022 06/24/22 | Sold | $672,500 | +0.5% | $133 / Sq Ft |
| 04/20/2022 04/20/22 | Pending | -- | -- | -- |
| 04/16/2022 04/16/22 | For Sale | $669,000 | -- | $133 / 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 |
|---|---|---|---|---|
| 2025 | $15,974 | $209,385 | $38,659 | $170,726 |
| 2024 | $15,974 | $192,857 | $35,607 | $157,250 |
| 2023 | $14,852 | $174,231 | $32,168 | $142,063 |
| 2022 | $13,776 | $158,869 | $29,332 | $129,537 |
| 2021 | $13,252 | $148,531 | $27,423 | $121,108 |
| 2020 | $12,932 | $141,795 | $26,179 | $115,616 |
| 2019 | $12,615 | $135,068 | $24,937 | $110,131 |
| 2018 | $12,580 | $127,242 | $23,492 | $103,750 |
| 2017 | $13,162 | $127,967 | $23,625 | $104,342 |
| 2016 | $13,809 | $129,475 | $21,918 | $107,557 |
| 2015 | -- | $118,676 | $20,090 | $98,586 |
| 2014 | -- | $117,211 | $19,842 | $97,369 |
| 2013 | -- | $120,302 | $20,365 | $99,937 |
Source: Public Records
Agents Affiliated with this Home
-
Mary Hager-Swanson
-
M
Buyer's Agent in 2022
Mark Goff
The McDonald Group
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11377160
APN: 06-10-251-018
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.
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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