NOT LISTED FOR SALE

1519 Meyer St Elgin, IL 60123

Estimated Value: $741,000 - $793,167

12 Beds
6 Baths
-- Sq Ft
9,496 Sq Ft Lot

Last Sold September 28, 2018

Last sale price $475,000

Est. 63% increase in value since last sale

Current estimated payment $5,404/month

63 Days on Market

About This Home

As of September 2018

All units completely updated in 2012. Hardwood floors in all units 2012 updates - new kitchens, baths, trim, doors, appliances, garage doors, washer/dryer. Great building Exterior painted in September of 2017. New roof in 2016.

Last Agent to Sell the Property

Scott Schier

Grid 7 Properties License #471003705 Listed on: 05/30/2018

Last Buyer's Agent

Patrick Jage

Sterling Realty & Prop Mgt LLC License #471001727

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,663

Year Built

  • 1966

Lot Details

  • 9,496

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Frame Construction

Utilities

  • Cooling System Mounted In Outer Wall Opening

Community Details

  • Insurance Expense $1,500

Listing and Financial Details

  • Tenant pays for electric, heat, water/sewer

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,663

Year Built

1966

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Ownership Type: Limited Liability Corp
  • Potential Use: Residential-Multi-Family
  • Zoning Type: MULTI
  • Estimated Age: 36-50 Years
  • Net Operating Income Year: 2016
  • Net Oper Income: 59556
  • Outdoor Parking: 6-12 Spaces
  • Roof Coverings: Shingle Composition
  • Roof Structure: Gable
  • Scavenger Expense: 864
  • Total Annual Exp: 2844
  • Total Annual Income: 62400
  • Total Monthly Income: 5200
  • Number of Ranges: 6
  • Number Of Refrigs: 6
  • Number Of Window A C: 6
  • Number Of Stories: 2
  • Estimated Year Built: 1966
  • Type Multi Family: Corridor-Exterior Entrance
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1966

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Brick, Frame
  • Construction: Wood Frame
  • Frontage Access: City Street

Garage/Parking

  • Indoor Parking: 6-12 Spaces
  • Number Of Parking Spaces: 6

Utilities

  • Air Conditioner: Wall Sleeve
  • Heatventilation: Baseboard

Condo/Co-op/Association

  • Units in Building: 6

Fee Information

  • Electricity Expense: 480
  • Electrical Service: Circuit Breakers

Lot Info

  • Lot Dimensions: 73X130
  • Parcel Identification Number: 0622128006

Rental Info

  • Gross Rental Income: 62400
  • Tenant Pays: Electric, Heat, Water/Sewer

Multi Family

  • Expense Year: 2016
  • Insurance Expense: 1500
  • Number Of Dryers: 1
  • Number Of Washers: 1

Tax Info

  • Taxes: 14032

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 30, 2018
Closed on
Sep 12, 2018
Sold by
Grid 7 Llc
Bought by
Djaan Investments Llc
Seller's Agent
Scott Schier
Grid 7 Properties
Buyer's Agent
Patrick Jage
Sterling Realty & Prop Mgt LLC
List Price
$500,000
Sold Price
$475,000
Premium/Discount to List
-$25,000
-5%
Current Estimated Value
$773,042

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$298,042
Avg. Annual Appreciation
7.18%

Purchase Details

Closed on
Aug 24, 2012
Sold by
Schrock Grant D
Bought by
Grid 7 Llc

Purchase Details

Closed on
May 4, 2010
Sold by
Schrock Grant D
Bought by
Schrock Grant D and Grant D Schrock Trust
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
Djaan Investments Llc $470,000 Chicago Title Ins Co
Grid 7 Llc $200,000 Chicago Title Insurance Comp
Schrock Grant D -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2018 09/28/18 Sold $475,000 -3.1% --
08/01/2018 08/01/18 Pending -- -- --
07/12/2018 07/12/18 Price Changed $490,000 -2.0% --
05/30/2018 05/30/18 For Sale $500,000 -- --
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
2024 $15,663 $195,712 $33,486 $162,226
2023 $15,072 $176,811 $30,252 $146,559
2022 $13,980 $161,221 $27,585 $133,636
2021 $13,448 $150,730 $25,790 $124,940
2020 $13,124 $143,895 $24,621 $119,274
2019 $12,802 $137,069 $23,453 $113,616
2018 $12,766 $129,127 $22,094 $107,033
2017 $13,357 $129,864 $22,220 $107,644
2016 $14,033 $131,575 $20,614 $110,961
2015 -- $120,601 $18,895 $101,706
2014 -- $119,112 $18,662 $100,450
2013 -- $122,254 $19,154 $103,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09966708

Midwest Real Estate Data (MRED)

APN: 06-22-128-006