NOT LISTED FOR SALE

1440 Getzelman Dr Elgin, IL 60123

Northeast Elgin Neighborhood

Estimated Value: $1,271,000 - $1,382,106

12 Beds
12 Baths
-- Sq Ft
0.55 Acres Lot

Sale Details

Date Sold: December 22, 2023

Last sale price $1,220,000

Est. 9% increase in value since last sale

Current estimated payment $9,581 / mo

About This Home

As of December 2023

Sold in processing

Last Agent to Sell the Property

Ronald Ewing

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

RE/MAX Horizon

Last Buyer's Agent

Ronald 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

0.55 Acres

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
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Utilities

  • Heat/Ventilation: Central Bldg Heat,Hot Water

Fee Information

  • Trash Expense: 1810
  • Water Sewer Expenses: 4135

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

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
Nov 20, 2023
Closed on
Dec 22, 2023
Sold by
Bought by
Seller's Agent
Ronald Ewing
RE/MAX Horizon
Buyer's Agent
Ronald Ewing
RE/MAX Horizon
List Price
$1,200,000
Sold Price
$1,220,000
Premium/Discount to List
$20,000
1.67%
Views
8
Current Estimated Value
$1,326,553

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$106,553
Avg. Annual Appreciation
3.45%

Purchase Details

Closed on
Jan 26, 2023
Sold by
Bought by

Purchase Details

Closed on
Jul 1, 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
$383,200
Interest Rate
8.62%
Mortgage Type
Commercial
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
$1,220,000 None Listed On Document
-- None Listed On Document
$478,000 Chicago Title Insurance Co
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
Previous Owner $383,200
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
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

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 $29,077 $363,340 $54,959 $308,381
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

  • Ronald Ewing

    Seller's Agent in 2023

    Ronald Ewing

    RE/MAX

    (847) 697-9404

    2 in this area

    74 Total Sales

    Ronald 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 Northeast Elgin

1440 Getzelman 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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