Seller's Agent in 2023
Puneet Kapoor
Keller Williams Infinity
(630) 362-2673
1 in this area
188 Total Sales
140 College St Elgin, IL 60120
Gifford Park NeighborhoodEstimated Value: $447,000 - $548,264
6
Beds
4
Baths
--
Sq Ft
0.25
Acres
Highlights
- Corner Lot
- Forced Air Heating System
- Multiple Water Heaters
- Porch
About This Home
As of December 20234 Unit Multifamily Property On A Corner Lot, In The Historic District Of Elgin Near Downtown. Freshly Painted Outside & Fully Compliant With All City Requirements. 2 Two Bedroom Units And 2 One Bedroom Units With Mainly Month To Month Leases Occupied By Longer Term Tenants! The Buyer Has the Option To Lock Current Tenants Into A Lease If The Rent Is Agreed To Market Rent Or Have The Flexibility With The Month To Month Lease To Get New Tenants Willing To Pay Higher Market Rent. Well Maintained Building! Great Cash Flow! 3 Of The Units Have Been Updated/Remodeled Within The Last Five Years Including Newer Appliances. Newer Water Heater, Appliances, Furnace, In Unit #3 With Hardwood Floors. Unit #4 Has Newer Fridge And Stove. Large Storage & Work Area In Basement. Newer Sump Pump. Newer Water & Sewer Service To Street. Newer Flat Roof Less Than 4 Years Old! Great Investment Opportunity! 100% Occupied! - Tenants pay the utilities upstairs and the landlord pays for the utilities for the downstairs units. Expenses listed are those paid by the landlord only, including $1000 a year estimated for landscaping and snow removal.
Last Agent to Sell the Property
Keller Williams Infinity License #475172758 Listed on: 09/22/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,007
Year Built
- Built in 1900 | Remodeled in 2018
Lot Details
- 0.25 Acre Lot
- Lot Dimensions are 52x91
- Corner Lot
- Paved or Partially Paved Lot
Home Design
- Stone Foundation
- Frame Construction
- Asphalt Roof
- Rubber Roof
- Concrete Perimeter Foundation
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Potential Bedrooms
- 4 Bathrooms
Parking
- 3 Parking Spaces
- Uncovered Parking
- Off-Street Parking
- Parking Space is Owned
- Unassigned Parking
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Multiple Water Heaters
Additional Features
- Partial Basement
- Porch
Listing and Financial Details
- Homeowner Tax Exemptions
Community Details
Overview
- 4 Units
Building Details
- Electric Expense $840
- Insurance Expense $2,500
- Water Sewer Expense $2,400
- Gross Income $47,400
- Net Operating Income $40,660
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 22, 2023
Closed on
Dec 29, 2023
Sold by
Kesavarapu Ravi V and Kesavarapu Sridevi
Bought by
Good Price Usa Inc
Seller's Agent
Puneet Kapoor
Keller Williams Infinity
Buyer's Agent
Dakota Nilson
@properties Commercial
List Price
$550,000
Sold Price
$470,000
Premium/Discount to List
-$80,000
-14.55%
Views
223
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
$15,566
Avg. Annual Appreciation
1.16%
Purchase Details
Listed on
Sep 8, 2020
Closed on
Oct 19, 2020
Sold by
Construction Management Programs Inc
Bought by
Kesavarpu Ravi V and Kesavarpu Sridevi
Seller's Agent
Gary Eggert
The Promised Land Co.
Buyer's Agent
Edward Hall
Baird & Warner
List Price
$310,000
Sold Price
$310,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.93%
Original Mortgage
$232,500
Interest Rate
3.37%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 28, 2017
Sold by
Rdg Fund 5 Lth Llc
Bought by
Constuction Management Programs Inc
Purchase Details
Closed on
Oct 19, 2015
Sold by
Chicago Title Land Trust Company
Bought by
Rdg Fund 5 Lth Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$0
Interest Rate
3.96%
Mortgage Type
Undefined Multiple Amounts
Purchase Details
Closed on
Dec 30, 2013
Sold by
Carachure Epifanio
Bought by
Ct Land Trust #8002360077
Purchase Details
Closed on
Jun 8, 1999
Sold by
Hudgens Richard C
Bought by
Carachure Epifanio
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
6.85%
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 |
|---|---|---|---|
| Good Price Usa Inc | $470,000 | Citywide Title | |
| Kesavarpu Ravi V | $310,000 | Attorneys Ttl Guaranty Fund | |
| Constuction Management Programs Inc | $16,300 | Chicago Title | |
| Rdg Fund 5 Lth Llc | -- | Chicago Title Land Trust Co | |
| Ct Land Trust #8002360077 | $60,000 | None Available | |
| Carachure Epifanio | $130,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Kesavarpu Ravi V | $232,500 | |
| Previous Owner | Rdg Fund 5 & Lth Llc | $0 | |
| Previous Owner | Carachure Epifanio | $158,150 | |
| Previous Owner | Carachure Epifanio | $157,500 | |
| Previous Owner | Carachure Epifanio | $12,000 | |
| Previous Owner | Carachure Epifanio | $104,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/29/2023 12/29/23 | Sold | $470,000 | -10.5% | -- |
| 12/27/2023 12/27/23 | Pending | -- | -- | -- |
| 10/23/2023 10/23/23 | Price Changed | $525,000 | -4.5% | -- |
| 09/22/2023 09/22/23 | For Sale | $550,000 | +77.4% | -- |
| 10/19/2020 10/19/20 | Sold | $310,000 | 0.0% | -- |
| 09/11/2020 09/11/20 | Pending | -- | -- | -- |
| 09/08/2020 09/08/20 | For Sale | $310,000 | -- | -- |
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 | $7,277 | $98,935 | $15,901 | $83,034 |
| 2023 | $6,937 | $89,380 | $14,365 | $75,015 |
| 2022 | $6,007 | $75,281 | $13,098 | $62,183 |
| 2021 | $5,744 | $70,383 | $12,246 | $58,137 |
| 2020 | $6,128 | $67,192 | $11,691 | $55,501 |
| 2019 | $5,978 | $64,004 | $11,136 | $52,868 |
| 2018 | $5,961 | $60,296 | $10,491 | $49,805 |
| 2017 | $5,863 | $57,002 | $9,918 | $47,084 |
| 2016 | $5,640 | $52,882 | $9,201 | $43,681 |
| 2015 | -- | $48,472 | $8,434 | $40,038 |
| 2014 | -- | $47,874 | $8,330 | $39,544 |
| 2013 | -- | $49,137 | $8,550 | $40,587 |
Source: Public Records
Agents Affiliated with this Home
-
Puneet Kapoor
-
Nidhi Kapoor
Seller Co-Listing Agent in 2023
Nidhi Kapoor
Keller Williams Infinity
(630) 451-9542
1 in this area
101 Total Sales
-
Dakota Nilson
Buyer's Agent in 2023
Dakota Nilson
@ Properties
(312) 838-8873
1 in this area
11 Total Sales
-
Gary Eggert
G
Seller's Agent in 2020
Gary Eggert
The Promised Land Co.
(630) 404-1374
1 in this area
2 Total Sales
-
Edward Hall
Buyer's Agent in 2020
Edward Hall
Baird Warner
(630) 205-4700
1 in this area
245 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11891597
APN: 06-13-156-010
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