NOT LISTED FOR SALE

1397 Abbott Dr Elgin, IL 60123

Northeast Elgin Neighborhood

Estimated Value: $611,000 - $1,359,748

6 Beds
6 Baths
-- Sq Ft
0.25 Acre Lot

Sale Details

Date Sold: July 8, 2020

Last sale price $430,000 $0 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $6,309 / mo

73 Days on Market

About This Home

As of July 2020

METICULOUSLY MAINTAINED ALL BRICK - 6-FLAT IN WEST ELGIN. * NEW ROOF * NEWER WINDOWS * NEW BOILER * NEW H2O TANK * ELECTRIC METERED SEPARATELY. (5) LARGE 1 BEDROOM UNITS ALL WALK-IN CLOSETS, (1) GARDEN UNIT. UNITS 1 - 5 CAN EASILY BE CONVERTED TO 2 BEDROOM, BASED ON SIZE AND FLOORPLAN. MANY IMPROVEMENTS: ALL NEWER WINDOWS, PORCH, EXT & STORM DOORS, CARPET, LIGHT FIXTURES, UPGRADED GFI'S, NEWER KIT/BATH FLOORS, COIN W/D, LAUNDRY HAS PAINTED/SEALED FLOOR & NEW THERMAL PANE WINDOWS, INDIVIDUAL STORAGE UNITS, WASTE/RECYCLE ENCLOSURE, OUTSIDE SECURITY LIGHTING, "FULLY LEASED" W/LONG TERM TENANTS ! 1031 EXCHANGE READY ! SCHEDULE YOUR PRIVATE VIEWING TODAY ! Washer and Dryer are Rented.

Last Agent to Sell the Property

Dominic Levita

Providence Residential Brokerage LLC License #471004483 Listed on: 03/13/2020

Last Buyer's Agent

Ryan Gable

Starting Point Realty, Inc. License #471010480

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • 1975

Lot Details

  • 0.25

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Frame Construction

Utilities

  • Window Unit Cooling System

Community Details

  • Fuel Expense $2,077
  • Insurance Expense $2,428

Listing and Financial Details

  • Tenant pays for electric

Property Details

Home Type

Multi-Family

Year Built

1975

Lot Details

0.25 Acres

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Ownership Type: Corporation
  • Potential Use: Residential-Multi-Family
  • Utilities To Site: Sanitary Sewer to Site, Water to Site
  • Zoning Type: MULTI
  • Estimated Age: 36-50 Years
  • Net Operating Income Year: 2018
  • Outdoor Parking: 6-12 Spaces
  • Repairs Decor Expense: 1000
  • Roof Coverings: Shingle Composition
  • Roof Structure: Hip
  • Scavenger Expense: 2937
  • Total Annual Exp: 24157
  • Total Annual Income: 59400
  • Total Monthly Income: 4950
  • Number of Ranges: 6
  • Number Of Refrigs: 6
  • Number Of Window A C: 5
  • Number Of Stories: 3
  • Estimated Year Built: 1975
  • Type Multi Family: Flats
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1975

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Brick, Frame
  • Acreage: 0.25
  • Frontage Access: City Street, Private Road

Garage/Parking

  • Number Of Parking Spaces: 12

Utilities

  • Air Conditioner: Window Unit/s
  • Fire Protection: Smoke or Fire Protectors
  • Heatventilation: Hot Water, Baseboard
  • Water Expense: 2870

Condo/Co-op/Association

  • Units in Building: 6
  • Assessment Includes: Lawn Care

Fee Information

  • Electricity Expense: 868
  • Electrical Service: Circuit Breakers, Separate Meters, 101-200 Amps, 120V Power

Lot Info

  • Lot Dimensions: 100X125
  • Land Amenities: Curbs and Gutters, Lighting/Exterior, Sidewalks
  • Parcel Identification Number: 0610178005

Rental Info

  • Gross Rental Income: 4950
  • Tenant Pays: Electric

Multi Family

  • Expense Year: 2019
  • Fuel Expense: 2077
  • Insurance Expense: 2428

Tax Info

  • Taxes: 11977

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
Mar 13, 2020
Closed on
Jul 6, 2020
Sold by
Turino Properties Inc
Bought by
Seller's Agent
Dominic Levita
Providence Residential Brokerage LLC
Buyer's Agent
Ryan Gable
Starting Point Realty, Inc.
List Price
$450,000
Sold Price
$430,000
Premium/Discount to List
-$20,000
-4.44%
Current Estimated Value
$903,345

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$473,345
Avg. Annual Appreciation
11.85%
Original Mortgage
$400,000
Outstanding Balance
$353,785
Interest Rate
3.2%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$502,652

Purchase Details

Closed on
Jun 23, 2003
Sold by
Union National Bank
Bought by
Turino Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,000
Interest Rate
5.31%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 1, 2002
Sold by
Delacruz Amando Jun and Delacruz Amado Jun
Bought by
Union National Bank & Trust Co Of Elgin and Trust #1517

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$411,116
Interest Rate
7.75%

Purchase Details

Closed on
Jun 16, 1999
Sold by
Fitzsimmons Leroy and Willis John F
Bought by
Delacruz Amando Jun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
7.28%
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Northeast Elgin, IL

  • Matt Lysien Real Estate Agent - Suburban Life Realty, Ltd

    Matt Lysien

    Suburban Life Realty, Ltd

    (224) 315-8087

    519 Total Sales

    7 in Northeast Elgin

    $112K - $460K Price Range

    Matt Lysien
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  • Monica Vargas Real Estate Agent - GREAT HOMES REAL ESTATE, INC.

    Monica Vargas

    GREAT HOMES REAL ESTATE, INC.

    (224) 246-8148

    179 Total Sales

    4 in Northeast Elgin

    $31K - $269K Price Range

    Monica Vargas
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  • Dawn Larsen Real Estate Agent - Baird & Warner

    Dawn Larsen

    Baird & Warner

    (386) 888-4346

    146 Total Sales

    1 in Northeast Elgin

    $168,000 Price

    Dawn Larsen
     Section Image
  • Juana Fuentes Real Estate Agent - Exclusive Living, Inc

    Juana Fuentes

    Exclusive Living, Inc

    (224) 255-4532

    75 Total Sales

    6 in Northeast Elgin

    $195K - $305K Price Range

    Juana Fuentes
     Section Image
  • Elizabeth Goodchild Real Estate Agent - Realty of America

    Elizabeth Goodchild

    Realty of America

    (224) 479-1826

    473 Total Sales

    2 in Northeast Elgin

    $260K - $265K Price Range

    Elizabeth Goodchild
     Section Image
  • Carol O'Malley Real Estate Agent - HomeSmart Connect LLC

    Carol O'Malley

    HomeSmart Connect LLC

    (708) 859-6089

    96 Total Sales

    1 in Northeast Elgin

    $280,000 Price

    Carol O'Malley
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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
$430,000 Fidelity National Title
Turino Properties Inc $370,000 --
Union National Bank & Trust Co Of Elgin $300,000 --
Delacruz Amando Jun $250,000 --
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 $400,000
Previous Owner Turino Properties Inc $296,000
Previous Owner Union National Bank & Trust Co Of Elgin $411,116
Previous Owner Delacruz Amando Jun $240,000
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
07/08/2020 07/08/20 Sold $430,000 -4.4% --
05/25/2020 05/25/20 Pending -- -- --
05/22/2020 05/22/20 For Sale $450,000 0.0% --
04/07/2020 04/07/20 Pending -- -- --
03/13/2020 03/13/20 For Sale $450,000 -- --
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 $16,190 $212,219 $38,659 $173,560
2024 $16,190 $195,467 $35,607 $159,860
2023 $15,053 $176,589 $32,168 $144,421
2022 $13,962 $161,019 $29,332 $131,687
2021 $13,431 $150,541 $27,423 $123,118
2020 $13,107 $143,714 $26,179 $117,535
2019 $12,786 $136,896 $24,937 $111,959
2018 $11,978 $121,151 $23,492 $97,659
2017 $12,532 $121,841 $23,625 $98,216
2016 $13,135 $123,160 $21,918 $101,242
2015 -- $112,887 $20,090 $92,797
2014 -- $111,493 $19,842 $91,651
2013 -- $114,434 $20,365 $94,069
Source: Public Records

Agents Affiliated with this Home

  • Dominic Levita Real Estate Agent - Providence Residential Brokerage LLC

    Seller's Agent in 2020

    Dominic Levita

    Providence Residential Brokerage LLC

    (847) 452-8992

    1 in this area

    93 Total Sales

    Dominic Levita
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  • Ryan Gable Real Estate Agent - Starting Point Realty, Inc.

    Buyer's Agent in 2020

    Ryan Gable

    Starting Point Realty, Inc.

    (847) 942-6952

    140 Total Sales

    Ryan Gable
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10668241

Midwest Real Estate Data (MRED)

APN: 06-10-178-005

Illinois Kane County Elgin 60123 Northeast Elgin

1397 Abbott 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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