NOT LISTED FOR SALE

1465 Abbott Dr Elgin, IL 60123

Northeast Elgin Neighborhood

Estimated Value: $702,000 - $1,480,452

11 Beds
6 Baths
5,208 Sq Ft
$178/Sq Ft Est. Value

Sale Details

Date Sold: May 1, 2019

Last sale price $495,000 $95 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $6,213 / mo

43 Days on Market

About This Home

As of May 2019

Long time owner and building is in great condition and very well cared for. Very hands on owner that always takes care of her tenants as well as the building. Great investment opportunity. Please show one unit (Unit 2W), common areas and boiler room. Remaining units will be shown once under contract. This building is close to shopping, bus stop and train station.

Last Agent to Sell the Property

Ronald Ewing

RE/MAX Horizon License #471000328 Listed on: 01/26/2019

RE/MAX Horizon

Last Buyer's Agent

Jim Bechtold

Baird & Warner Fox Valley - Geneva

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,171

Year Built

  • Built in 1976

Lot Details

  • 13,552 Sq Ft Lot
  • Lot Dimensions are 112 x 120 x 112 x 121

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Mansard Roof Shape
  • Brick Exterior Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,208 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Hot Water Heating System
  • 100 Amp Service

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $407
  • Fuel Expense $2,549
  • Insurance Expense $2,173
  • Trash Expense $1,000
  • Water Sewer Expense $2,814
  • Operating Expense $7,407
  • Gross Income $67,380
  • Net Operating Income $61,297

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,171

Year Built

Built in 1976

Lot Details

0.31 Acres

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Other
  • Stories: 3
  • Year Built: 1976
  • Built Before 1978 (Y/N): Yes
  • Information: None
  • Estimated Age: 36-50 Years
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 11
  • Possible Use: Multi-Family
  • Fireplaces: 1
  • Drive-In Doors: 0
  • Dishwashers: 0
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 1
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Roof: Composition
  • Exterior Building Type: Brick
  • Roof Structure: Mansard

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: Wall Sleeve
  • Electric: Circuit Breakers, Service - 0 to 100 Amps
  • Heat/Ventilation: Hot Water,Baseboard
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Conversion YN: N
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 1000
  • Water Sewer Expenses: 2814

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.31
  • Lot Dimensions: 112 X 120 X 112 X 121
  • Lot Size Sq Ft: 13552
  • Zoning: MULTI
  • Land Amenities: Curbs and Gutters,Sidewalks

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 5

Building Info

  • BuildingAreaTotal: 5208

Multi Family

  • Net Operating Income: 61297
  • Fuel Expense: 2549
  • Insurance Expense: 2173
  • ElectricExpense: 407
  • GrossIncome: 67380
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 7407
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 13171
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2019
Closed on
May 1, 2019
Sold by
Meyers Cheryl L
Bought by
Variant Investment Group Llc Iii
Seller's Agent
Ronald Ewing
RE/MAX Horizon
Buyer's Agent
Jim Bechtold
Baird & Warner Fox Valley - Geneva
List Price
$495,000
Sold Price
$495,000
Current Estimated Value
$929,113

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$434,113
Avg. Annual Appreciation
9.45%
Original Mortgage
$385,000
Outstanding Balance
$337,111
Interest Rate
4%
Mortgage Type
Commercial
Estimated Equity
$592,002

Purchase Details

Closed on
Jun 30, 1997
Sold by
Philip J Wencek Builder 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
$220,000
Interest Rate
8.75%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Variant Investment Group Llc Iii $495,000 Attorney
Demler Cheryl L $275,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Variant Investment Group Llc Iii $385,000
Previous Owner Demler Cheryl L $220,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/01/2019 05/01/19 Sold $495,000 0.0% $95 / Sq Ft
03/10/2019 03/10/19 Pending -- -- --
01/26/2019 01/26/19 For Sale $495,000 -- $95 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $15,445 $192,989 $35,607 $157,382
2023 $14,863 $174,351 $32,168 $142,183
2022 $13,785 $158,978 $29,332 $129,646
2021 $13,261 $148,633 $27,423 $121,210
2020 $12,941 $141,893 $26,179 $115,714
2019 $12,624 $135,162 $24,937 $110,225
2018 $12,589 $127,331 $23,492 $103,839
2017 $13,171 $128,056 $23,625 $104,431
2016 $13,818 $129,567 $21,918 $107,649
2015 -- $118,760 $20,090 $98,670
2014 -- $117,294 $19,842 $97,452
2013 -- $120,388 $20,365 $100,023
Source: Public Records

Agents Affiliated with this Home

  • Ronald Ewing

    Seller's Agent in 2019

    Ronald Ewing

    RE/MAX

    (847) 697-9404

    2 in this area

    77 Total Sales

    Ronald Ewing
    Section Image
  • Jim Bechtold

    Buyer's Agent in 2019

    Jim Bechtold

    Baird & Warner Fox Valley - Geneva

    (847) 226-6645

    3 in this area

    53 Total Sales

    Jim Bechtold
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10258575

Midwest Real Estate Data (MRED)

APN: 06-10-178-001

Illinois Kane County Elgin 60123 Northeast Elgin

1465 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) Based on information submitted to the MLS GRID. 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

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