Seller's Agent in 2018
Ben Henrikson
RE/MAX
(847) 931-7500
2 in this area
124 Total Sales
160 Kimball St Elgin, IL 60120
Northeast Elgin NeighborhoodEstimated Value: $756,927
10
Beds
8
Baths
5,216
Sq Ft
$145/Sq Ft
Est. Value
About This Home
As of September 2018This property consists of 8 units. The building was completely gutted and remodeled in around 2009 from the basement up. New plumbing, electrical, heating, drywall, kitchens, baths, etc. The property is located directly across the street from The Centre and within walking distance to The Hemmens Cultural Center, Gail Borden Library, Metra Train and Bus stations, and the Police/City services buildings. There is also a neighborhood park in the building's back yard! Terrific investment property in a desirable downtown location. Sale is subject to division of the parcel and creation of new PIN#. Taxes should be reduced once this is compete as the current taxes reflect the 255 Douglas St. building included on this parcel.
Last Agent to Sell the Property
RE/MAX Horizon License #475091643 Listed on: 03/06/2018
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,500
Year Built
- Built in 1925
Lot Details
- Lot Dimensions are 132x66x132x65
Home Design
- Brick Exterior Construction
Interior Spaces
- 5,216 Sq Ft Home
- 3-Story Property
Bedrooms and Bathrooms
- 10 Bedrooms
- 8 Bathrooms
Utilities
- Forced Air Heating System
- Separate Meters
Listing and Financial Details
- Tenant pays for electricity, heat
Community Details
Overview
- 8 Units
Building Details
- Electric Expense $304
- Fuel Expense $1,041
- Insurance Expense $2,557
- Maintenance Expense $5,000
- Trash Expense $1,827
- Water Sewer Expense $5,424
- Operating Expense $27,349
- Gross Income $71,700
- Net Operating Income $44,351
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 6, 2018
Closed on
Sep 17, 2018
Sold by
A Palce Of Our Own Llc
Bought by
Tongs Brothers Inc
Seller's Agent
Ben Henrikson
RE/MAX Horizon
Buyer's Agent
Liwen She
Concentric Realty, Inc
List Price
$519,000
Sold Price
$475,000
Premium/Discount to List
-$44,000
-8.48%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$281,927
Avg. Annual Appreciation
6.93%
Original Mortgage
$373,000
Outstanding Balance
$325,946
Interest Rate
4.5%
Mortgage Type
Commercial
Estimated Equity
$430,981
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Tongs Brothers Inc | $475,000 | First American Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Tongs Brothers Inc | $373,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/17/2018 09/17/18 | Sold | $475,000 | -4.8% | $91 / Sq Ft |
| 05/25/2018 05/25/18 | Pending | -- | -- | -- |
| 04/03/2018 04/03/18 | Price Changed | $499,000 | -3.9% | $96 / Sq Ft |
| 03/06/2018 03/06/18 | For Sale | $519,000 | +13.7% | $100 / Sq Ft |
| 08/13/2015 08/13/15 | Sold | $456,500 | -17.0% | -- |
| 04/13/2015 04/13/15 | Pending | -- | -- | -- |
| 03/10/2015 03/10/15 | For Sale | $550,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $17,119 | $213,910 | $15,753 | $198,157 |
| 2023 | $16,474 | $193,252 | $14,232 | $179,020 |
| 2022 | $15,280 | $176,212 | $12,977 | $163,235 |
| 2021 | $14,698 | $164,746 | $12,133 | $152,613 |
| 2020 | $14,344 | $157,276 | $11,583 | $145,693 |
| 2019 | $13,992 | $149,816 | $11,034 | $138,782 |
| 2018 | $12,778 | $129,250 | $10,395 | $118,855 |
Source: Public Records
Agents Affiliated with this Home
-
Ben Henrikson
-
Liwen She
L
Buyer's Agent in 2018
Liwen She
Concentric Realty, Inc
(630) 216-9689
1 in this area
6 Total Sales
-
Debbie Scheitlin
D
Seller's Agent in 2015
Debbie Scheitlin
Top Tier Asset Management
(847) 652-5610
1 in this area
9 Total Sales
-
A
Seller Co-Listing Agent in 2015
Allen Zak
Coldwell Banker The Real Estate Group
-
Marie Krajecki
Buyer's Agent in 2015
Marie Krajecki
Century 21 New Heritage - Hampshire
(630) 439-4800
3 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 09875398
APN: 06-14-238-019
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