NOT LISTED FOR SALE

1415 Abbott Dr Elgin, IL 60123

Northeast Elgin Neighborhood

Estimated Value: $706,000 - $1,356,500

11 Beds
6 Baths
-- Sq Ft
0.27 Acres Lot

Sale Details

Date Sold: July 10, 2019

Last sale price $470,000 $0 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $6,037 / mo

64 Days on Market

About This Home

As of July 2019

LARGE 6 UNIT BUILDING OFFERS NICE ROOM SIZES, NEUTRAL DECOR AND A GREAT LOCATION! PROPERTY CONSISTS 5 TWO BEDROOM AND one ONE BEDROOM MOST APARTMENTS ARE UPDATED LONG TERM TENANT

Last Agent to Sell the Property

Jayesh Parekh

Kale Realty License #475149245 Listed on: 04/11/2019

Kale Realty

Last Buyer's Agent

Jayesh Parekh

Kale Realty License #475149245 Listed on: 04/11/2019

Kale Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1970

Lot Details

  • 0.27

Home Design

  • Brick Exterior Construction

Community Details

  • Fuel Expense $2,788
  • Insurance Expense $1,841

Listing and Financial Details

  • Tenant pays for electric

Property Details

Home Type

Multi-Family

Year Built

1970

Lot Details

0.27 Acres

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Zoning Type: MULTI
  • Estimated Age: 36-50 Years
  • Net Operating Income Year: 2018
  • Net Oper Income: 42727
  • Repairs Decor Expense: 3600
  • Scavenger Expense: 2040
  • Total Annual Exp: 28012
  • Total Annual Income: 70740
  • Total Monthly Income: 5845
  • Number of Ranges: 6
  • Number Of Refrigs: 6
  • Number Of Window A C: 6
  • Number Of Stories: 2
  • Estimated Year Built: 1970
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1970

Exterior Features

  • Exterior Building Type: Brick
  • Acreage: 0.27

Garage/Parking

  • Number Of Parking Spaces: 12

Utilities

  • Heatventilation: Gas
  • Water Expense: 3300

Condo/Co-op/Association

  • Units in Building: 6

Fee Information

  • Electricity Expense: 900
  • Janitor Expense: 600

Lot Info

  • Lot Dimensions: 112X120X121X121
  • Parcel Identification Number: 0610178004

Rental Info

  • Gross Rental Income: 70740
  • Tenant Pays: Electric

Multi Family

  • Expense Year: 2018
  • Fuel Expense: 2788
  • Gross Rent Multiplier: 7
  • Insurance Expense: 1841
  • Other Expenses: 720

Tax Info

  • Taxes: 12673

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 11, 2019
Closed on
Jun 27, 2019
Sold by
Bought by
Seller's Agent
Jayesh Parekh
Kale Realty
Buyer's Agent
Jayesh Parekh
Kale Realty
List Price
$489,900
Sold Price
$470,000
Premium/Discount to List
-$19,900
-4.06%
Current Estimated Value
$891,875

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$421,875
Avg. Annual Appreciation
9.74%
Original Mortgage
$361,900
Outstanding Balance
$319,802
Interest Rate
4.25%
Mortgage Type
Commercial
Estimated Equity
$572,073

Purchase Details

Closed on
Dec 26, 2014
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
$292,500
Interest Rate
3.97%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 2, 2014
Sold by
Bought by

Purchase Details

Closed on
Feb 27, 2013
Sold by
Bought by

Purchase Details

Closed on
Nov 8, 2007
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
$425,000
Interest Rate
7.57%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 21, 2007
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
$425,000
Interest Rate
7.57%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 8, 2001
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
$435,200
Interest Rate
8%

Purchase Details

Closed on
Apr 22, 1996
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
$203,000
Interest Rate
7.75%
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
$470,000 Altimo Title Llc
$310,000 Chicago Title Insurance Co
-- None Available
-- Carrington Title Partners Ll
$425,000 Law Title Insurance
$315,500 Law Title
$272,000 --
$253,000 --
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 $361,900
Previous Owner $292,500
Previous Owner $425,000
Previous Owner $350,000
Previous Owner $435,200
Previous Owner $203,000
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
07/10/2019 07/10/19 Sold $470,000 0.0% --
06/14/2019 06/14/19 Pending -- -- --
05/01/2019 05/01/19 Off Market $470,000 -- --
04/11/2019 04/11/19 For Sale $489,900 -- --
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 $15,643 $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 $12,113 $122,524 $23,492 $99,032
2017 $12,674 $123,222 $23,625 $99,597
2016 $13,287 $124,583 $21,918 $102,665
2015 -- $114,192 $20,090 $94,102
2014 -- $112,782 $19,842 $92,940
2013 -- $115,757 $20,365 $95,392
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2019

    Jayesh Parekh

    Kale Realty

    (847) 962-0239

    67 Total Sales

    Jayesh Parekh
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10340360

Midwest Real Estate Data (MRED)

APN: 06-10-178-004

Illinois Kane County Elgin 60123 Northeast Elgin

1415 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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