NOT LISTED FOR SALE

1440 Getzelman Dr Elgin, IL 60123

Estimated Value: $1,304,707

12 Beds
12 Baths
-- Sq Ft
0.55 Acres

Last Sold December 22, 2023

Last sale price $1,220,000

Est. 7% increase in value since last sale

Current estimated payment $9,601/month

About This Home

As of December 2023

Sold in processing

Last Listed By

Ron Ewing

RE/MAX Horizon License #471000328 Listed on: 11/20/2023

RE/MAX Horizon

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $25,953

Year Built

  • Built in 1971

Lot Details

  • 0.55

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Bathrooms

Utilities

  • Central Heating
  • Hot Water Heating System

Additional Features

  • 2-Story Property
  • Lot Dimensions are 128 x 192 x 129 x 192

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 12 Units

Building Details

  • Electric Expense $440
  • Fuel Expense $6,560
  • Insurance Expense $3,333
  • Trash Expense $1,810
  • Water Sewer Expense $4,135
  • Operating Expense $16,278
  • Gross Income $11,600
  • Net Operating Income $125,082

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$25,953

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 2
  • Year Built: 1971
  • Built Before 1978 (Y/N): Yes
  • Information: None
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 12
  • Total Bedrooms: 12
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • List Price: 1200000

Utilities

  • Heat/Ventilation: Central Bldg Heat,Hot Water

Fee Information

  • Trash Expense: 1810
  • Water Sewer Expenses: 4135
  • Janitor Expense: 850

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 128 X 192 X 129 X 192

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 5

Multi Family

  • Net Operating Income: 125082
  • Fuel Expense: 6560
  • Insurance Expense: 3333
  • ElectricExpense: 440
  • GrossIncome: 11600
  • NumberOfUnitsTotal: 12
  • OperatingExpense: 16278
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 25953.2
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 20, 2023
Closed on
Dec 22, 2023
Sold by
Cheryl L Meyers Trust
Bought by
Wanyi Investment Group Llc
Seller's Agent
Ron Ewing
RE/MAX Horizon
Buyer's Agent
Ron Ewing
RE/MAX Horizon
List Price
$1,200,000
Sold Price
$1,220,000
Premium/Discount to List
$20,000
1.67%
Total Days on Market
0
Views
8
Current Estimated Value
$1,304,707

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,707
Avg. Annual Appreciation
4.71%

Purchase Details

Closed on
Jan 26, 2023
Sold by
Meyers Cheryl L
Bought by
Cheryl L Meyers Trust

Purchase Details

Closed on
Jul 1, 1996
Sold by
Philip J Wencek Builders Inc
Bought by
Demler Cheryl L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$383,200
Interest Rate
8.62%
Mortgage Type
Commercial

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
Wanyi Investment Group Llc $1,220,000 None Listed On Document
Cheryl L Meyers Trust -- --
Demler Cheryl L $478,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Meyers Cheryl L $450,000
Previous Owner Meyers Cheryl L $156,000
Previous Owner Meyers Cheryl L $178,716
Previous Owner Meyers Cheryl L $255,674
Previous Owner Demler Cheryl L $599,585
Previous Owner Delmer Cheryl L $635,000
Previous Owner Meyers Cheryl $500,000
Previous Owner Demler Cheryl L $383,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/22/2023 12/22/23 Sold $1,220,000 +1.7% --
11/20/2023 11/20/23 Pending -- -- --
11/20/2023 11/20/23 For Sale $1,200,000 -- --
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
2023 $27,982 $328,250 $49,651 $278,599
2022 $25,953 $299,307 $45,273 $254,034
2021 $24,966 $279,831 $42,327 $237,504
2020 $24,364 $267,142 $40,408 $226,734
2019 $23,767 $254,469 $38,491 $215,978
2018 $24,774 $250,578 $36,261 $214,317
2017 $25,920 $252,006 $36,468 $215,538
2016 $24,934 $233,793 $33,832 $199,961
2015 -- $214,292 $31,010 $183,282
2014 -- $223,335 $30,627 $192,708
2013 -- $229,226 $31,435 $197,791
Source: Public Records

Agents Affiliated with this Home

  • Ron Ewing

    Seller's Agent in 2023

    Ron Ewing

    RE/MAX

    (847) 697-9404

    88 Total Sales

    Ron Ewing
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11934083

Midwest Real Estate Data (MRED)

APN: 06-10-178-013

Illinois Kane County Elgin 60123

1440 Getzelman Dr, Elgin, IL

Homes for Sale in Elgin, IL

This home is located at 1440 Getzelman Dr, Elgin, IL 60123 since 20 November 2023 and is currently estimated at $1,304,707. This property was built in 1971. 1440 Getzelman Dr is a home located in Kane County with nearby schools including Century Oaks Elementary School, Kimball Middle School, and Larkin High School.

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