NOT LISTED FOR SALE

1310 Getzelman Dr Elgin, IL 60123

Estimated Value: $735,000 - $925,833

10 Beds
6 Baths
-- Sq Ft
0.25 Acres

Last Sold December 28, 2020

Last sale price $510,000

Est. 60% increase in value since last sale

Current estimated payment $5,590/month

1 Day on Market

About This Home

As of December 2020

LARGE 6 UNIT BUILDING OFFERS NICE ROOM SIZES, NEUTRAL DECOR AND A GREAT LOCATION! PROPERTY CONSISTS 4 TWO BEDROOM AND TWO ONE BEDROOM MOST APARTMENTS ARE UPDATED LONG TERM TENANT

Last Agent to Sell the Property

Jayesh Parekh

Charles Rutenberg Realty of IL License #475149245 Listed on: 09/26/2020

Charles Rutenberg Realty of IL

Last Buyer's Agent

Jayesh Parekh

Charles Rutenberg Realty of IL License #475149245 Listed on: 09/26/2020

Charles Rutenberg Realty of IL

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,434

Year Built

  • 1970

Lot Details

  • 0.25

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Utilities

  • Cooling System Mounted In Outer Wall Opening

Community Details

  • Fuel Expense $3,200
  • Insurance Expense $2,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,434

Year Built

1970

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Potential Use: Residential-Multi-Family
  • Utilities To Site: Water-Community
  • Zoning Type: MULTI
  • Estimated Age: 26-35 Years
  • Net Operating Income Year: 2017
  • Net Oper Income: 37738
  • Outdoor Parking: 6-12 Spaces, Paved, Private Lot
  • Repairs Decor Expense: 3800
  • Roof Coverings: Fiberglass
  • Roof Structure: Mansard
  • Scavenger Expense: 1100
  • Total Annual Exp: 24762
  • Total Annual Income: 66500
  • Total Monthly Income: 5500
  • Number of Ranges: 6
  • Number Of Refrigs: 6
  • Number Of Window A C: 6
  • Number Of Stories: 3
  • Estimated Year Built: 1970
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1970

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Brick
  • Construction: Brick, Wood Frame
  • Frontage Access: City Street

Garage/Parking

  • Number Of Parking Spaces: 8

Utilities

  • Air Conditioner: Wall Sleeve
  • Fire Protection: Hydrants On Site
  • Heatventilation: Gas, Hot Water
  • Water Expense: 3200

Condo/Co-op/Association

  • Units in Building: 6

Fee Information

  • Electricity Expense: 900
  • Electrical Service: Separate Meters
  • Janitor Expense: 1200

Lot Info

  • Lot Dimensions: 87X125
  • Land Amenities: Sidewalks
  • Parcel Identification Number: 0610251017

Rental Info

  • Gross Rental Income: 66500

Multi Family

  • Expense Year: 2017
  • Fuel Expense: 3200
  • Gross Rent Multiplier: 8
  • Insurance Expense: 2300

Tax Info

  • Taxes: 13162

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 26, 2020
Closed on
Nov 18, 2020
Sold by
Flg Leshey Group Incorporated
Bought by
D & S Realty Llc
Seller's Agent
Jayesh Parekh
Charles Rutenberg Realty of IL
Buyer's Agent
Jayesh Parekh
Charles Rutenberg Realty of IL
List Price
$550,000
Sold Price
$510,000
Premium/Discount to List
-$40,000
-7.27%
Current Estimated Value
$814,958

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$304,958
Avg. Annual Appreciation
10.39%
Original Mortgage
$408,000
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 3, 2019
Sold by
Maida Vale Llc
Bought by
Flg Leshey Group Incorporated

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 24, 2018
Sold by
Reddy Arun and Reddy Sukanya
Bought by
Maida Vale Llc

Purchase Details

Closed on
Aug 13, 2010
Sold by
Pnc Mortgage
Bought by
Reddy Sukanya and Reddy Arun

Purchase Details

Closed on
Dec 28, 2009
Sold by
Rodriguez Miguel and Duran Alicia
Bought by
Pnc Mortgage

Purchase Details

Closed on
Feb 24, 2004
Sold by
Barkocy David and Barkocy Deanna
Bought by
Rodriguez Miguel and Duran Alicia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,500
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 14, 1999
Sold by
Gippert John L and Gippert Susan L
Bought by
Barkocy David and Barkocy Deanna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,000
Interest Rate
7.75%
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 Buyer Sale Price Title Company
D & S Realty Llc $510,000 Chicago Title
Flg Leshey Group Incorporated $500,000 Attorney
Maida Vale Llc -- Attorney
Reddy Sukanya $274,100 Central Illinois Title
Pnc Mortgage $288,000 None Available
Rodriguez Miguel $530,000 Pntn
Barkocy David $245,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner D & S Realty Llc $408,000
Previous Owner Flg Leshey Group Incorporated $375,000
Previous Owner Rodriguez Miguel $450,500
Previous Owner Barkocy David $202,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/28/2020 12/28/20 Sold $510,000 -7.3% --
09/27/2020 09/27/20 Pending -- -- --
09/26/2020 09/26/20 For Sale $550,000 -- --
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 $15,434 $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

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10883650

Midwest Real Estate Data (MRED)

APN: 06-10-251-017