NOT LISTED FOR SALE

1558 Meyer St Unit 1560 Elgin, IL 60123

Estimated Value: $387,000 - $447,333

6 Beds
4 Baths
-- Sq Ft
9,583 Sq Ft Lot

Last Sold May 16, 2018

Last sale price $225,000

Est. 88% increase in value since last sale

Current estimated payment $3,010/month

13 Days on Market

About This Home

As of May 2018

Large brick side-by-side 2 unit each with 3 bedrooms and 1 1/2 baths. Each unit has basement that is partially finished. Recent updates include new furnaces in 2016 and roof, gutters & downspouts in 2017. Both units just painted. A great investment!

Last Agent to Sell the Property

Thomas Krebsbach

Vintage Home Realty License #471010460 Listed on: 03/17/2018

Last Buyer's Agent

Jeffrey Kropp

HBA Realty License #471004271

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,076

Year Built

  • Built in 1962

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 75 x 130

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 4 Bathrooms

Partially Finished Basement

  • Basement Fills Entire Space Under The House

Parking

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

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,076

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1962
  • Age: 51-60 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: 4
  • Total Bedrooms: 6
  • Basement Description: Partially Finished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 2
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Laundry Hook-Up,Hardwood Floors
  • MRD_AppliancesAndFeatures: Laundry Hook-Up,Hardwood Floors

Exterior Features

  • List Price: 238900
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Schools

  • Middle/Junior School District: 46

Lot Info

  • Lot Size Acres: 0.22
  • Lot Dimensions: 75 X 130
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 5

Tax Info

  • Tax Annual Amount: 7076
  • Tax Year: 2016
  • Tax Exemptions: None

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat,2 Story Unit/s

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2018
Closed on
May 16, 2018
Sold by
Mcconnaughay B Joann and Mcconnaughay Family Trust
Bought by
Lindquist Kyle R
Seller's Agent
Thomas Krebsbach
Vintage Home Realty
Buyer's Agent
Jeffrey Kropp
HBA Realty
List Price
$238,900
Sold Price
$225,000
Premium/Discount to List
-$13,900
-5.82%
Current Estimated Value
$423,583

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$198,583
Avg. Annual Appreciation
8.94%
Original Mortgage
$213,750
Outstanding Balance
$184,468
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$239,115

Purchase Details

Closed on
Dec 23, 2003
Sold by
Mcconnaughay Robert M and Mcconnaughay Joann
Bought by
Mccannaughay Robert M and Mc Cannaughay B Joann
Source: Public Records

Range of Values:

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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
Lindquist Kyle R $225,000 Attorneys Title Guaranty Fun
Mccannaughay Robert M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lindquist Kyle R $213,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2018 05/16/18 Sold $225,000 -5.8% --
03/30/2018 03/30/18 Pending -- -- --
03/17/2018 03/17/18 For Sale $238,900 -- --
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 $9,177 $114,671 $24,419 $90,252
2023 $8,831 $103,597 $22,061 $81,536
2022 $8,191 $94,463 $20,116 $74,347
2021 $7,879 $88,316 $18,807 $69,509
2020 $7,689 $84,311 $17,954 $66,357
2019 $7,501 $80,311 $17,102 $63,209
2018 $7,480 $75,658 $16,111 $59,547
2017 $7,357 $71,524 $15,231 $56,293
2016 $7,077 $66,355 $14,130 $52,225
2015 -- $60,820 $12,951 $47,869
2014 -- $60,069 $12,791 $47,278
2013 -- $61,653 $13,128 $48,525
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09887432

Midwest Real Estate Data (MRED)

APN: 06-22-126-015