NOT LISTED FOR SALE

Estimated Value: $208,000 - $258,000

4 Beds
2 Baths
1,640 Sq Ft
$136/Sq Ft Est. Value

Last Sold March 18, 2020

Last sale price $122,000 $74 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $1,714/month

19 Days on Market

About This Home

As of March 2020

Well maintained 2-unit building generating significant income for new owner. The units are large (5 room) 2 bed/1 bath each with their own washer and dryer in the unit. Both units were recently completely renovated with new kitchens and bathrooms and new flooring though out. First floor unit has heated bonus room on front porch. The plumbing and the electrical have recently been updated, inside and out. Windows and doors are newer (pictures were taken before tenants moved in). Each unit pays gas and electric with a new furnace for the second unit in the attic, all other utilities are in the basement. Excellent tenants with full rental deposits. Both leases will be assigned at closing. Close to shops and public transportation, approved for permanent occupancy, nothing to do but collect rent!

Last Agent to Sell the Property

Lynette Banner

New Beginnings Realty LLC License #471002058 Listed on: 02/06/2020

Last Buyer's Agent

Matt Lysien

Suburban Life Realty, Ltd License #471003181

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,897

Year Built

  • Built in 1910

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 25 x 150

Home Design

  • Block Foundation
  • Asphalt Roof
  • Vinyl Siding

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House

Parking

  • 4 Parking Spaces
  • Uncovered Parking
  • Parking Space is Owned

Outdoor Features

  • Enclosed Balcony
  • Enclosed Patio or Porch

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,897

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1910
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Room Type: Enclosed Balcony, Enclosed Porch
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer

Exterior Features

  • Foundation Details: Block
  • List Price: 134550
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • ParkingTotal: 4
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Schools

  • Middle/Junior School District: 187

Lot Info

  • Lot Size Acres: 0.08
  • Lot Dimensions: 25 X 150
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 2897
  • Tax Year: 2018
  • Tax Exemptions: Other

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 3, 2023
Sold by
Newday Apartments Llc-Msr
Bought by
Newday Apartments Llc-Elgin
Current Estimated Value
$222,440

Purchase Details

Listed on
Feb 6, 2020
Closed on
Mar 18, 2020
Sold by
Acorm Homes Llc
Bought by
Newday Apartments Llc
Seller's Agent
Lynette Banner
New Beginnings Realty LLC
Buyer's Agent
Matt Lysien
Suburban Life Realty, Ltd
List Price
$134,550
Sold Price
$122,000
Premium/Discount to List
-$12,550
-9.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.00%

Purchase Details

Closed on
Jan 7, 2020
Sold by
Deanslake Llc
Bought by
Acorn Homes Llc

Purchase Details

Closed on
Jun 8, 2015
Sold by
Secured Property Investments Llc
Bought by
Deanslake Llc

Purchase Details

Closed on
Jan 25, 2010
Sold by
Lieske Jack
Bought by
Secured Property Investment Llc

Purchase Details

Closed on
Jul 19, 2007
Sold by
Fannie Mae
Bought by
Jl Consulting Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,000
Interest Rate
6.76%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 18, 2006
Sold by
Walls
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Apr 12, 2005
Sold by
Jaeckel Angela M
Bought by
Walls Linda S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,600
Interest Rate
6.06%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 23, 2002
Sold by
Fenton Martin R
Bought by
Jaeckel Angela M and Jaeckel Jay C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,200
Interest Rate
6.22%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 22, 2002
Sold by
Federal National Mortgage Association
Bought by
Fenton Martin R

Purchase Details

Closed on
Dec 19, 2001
Sold by
Kremer
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jul 31, 2000
Sold by
Rominski Joseph R
Bought by
Kremer Glenda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,100
Interest Rate
8.24%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 12, 2000
Sold by
Haberski Irene
Bought by
Rominski Joseph R and Trust #1419

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,100
Interest Rate
8.24%
Mortgage Type
Commercial
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
Newday Apartments Llc-Elgin -- Chicago Title
Newday Apartments Llc $122,000 Atg Title Group Inc
Acorn Homes Llc $40,000 Attorney
Deanslake Llc $5,000 None Available
Secured Property Investment Llc -- None Available
Jl Consulting Corp -- Greater Illinois Title Co
Federal National Mortgage Association -- None Available
Walls Linda S $157,000 Multiple
Jaeckel Angela M $105,000 Premier Title
Fenton Martin R -- Greater Illinois Title Compa
Federal National Mortgage Association -- --
Kremer Glenda $109,000 --
Rominski Joseph R $54,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jl Consulting Corp $103,000
Previous Owner Walls Linda S $125,600
Previous Owner Jaeckel Jacy C $115,000
Previous Owner Jaeckel Angela M $108,200
Previous Owner Kremer Glenda $98,100
Closed Walls Linda S $15,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/18/2020 03/18/20 Sold $122,000 -9.3% $74 / Sq Ft
02/25/2020 02/25/20 Pending -- -- --
02/06/2020 02/06/20 For Sale $134,550 -- $82 / Sq Ft
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 $6,126 $52,644 $3,761 $48,883
2023 $5,303 $45,083 $3,221 $41,862
2022 $5,303 $37,530 $2,491 $35,039
2021 $3,960 $28,184 $2,236 $25,948
2020 $3,288 $24,089 $2,079 $22,010
2019 $3,103 $22,074 $1,905 $20,169
2018 $2,383 $14,666 $1,804 $12,862
2017 $2,258 $12,975 $1,596 $11,379
2016 $2,064 $14,177 $1,778 $12,399
2015 $2,343 $12,688 $1,591 $11,097
2014 $2,896 $17,463 $1,611 $15,852
2012 $1,958 $18,920 $1,745 $17,175
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10629927

Midwest Real Estate Data (MRED)

APN: 08-33-303-016