NOT LISTED FOR SALE

160 S Gifford St Unit 62 Elgin, IL 60120

Gifford Park Neighborhood

Estimated Value: $343,241 - $432,000

6 Beds
3 Baths
-- Sq Ft
7,841 Sq Ft Lot

Last Sold July 18, 2014

Last sale price $118,000

Est. 215% increase in value since last sale

Current estimated payment $2,651/month

9 Days on Market

About This Home

As of July 2014

Great location! Great investment property! Close to train, bus, laundry, casino. All 3 units are currently occupied by long term tenants. Very spacious & lots of potential! Over 3300 sq ft! Property AS IS. 2 new furnaces, 1 new water heater - New roof & gutters 3yrs ago.

Last Agent to Sell the Property

Kara Fedyniszyn

Coldwell Banker Real Estate Group License #475157319 Listed on: 05/14/2014

Last Buyer's Agent

Ignacio Alvarez

Class REALTORS® License #471001020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,583

Year Built

  • Built in 1890

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 60x132
  • Paved or Partially Paved Lot

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 3 Bathrooms

Parking

  • 6 Parking Spaces
  • Uncovered Parking
  • Parking Included in Price

Additional Features

  • Basement Fills Entire Space Under The House
  • Heating System Uses Natural Gas

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,583

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1890
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus,Commuter Train,Historical District
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 6
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • List Price: 124800
  • Waterfront: No
  • Exterior Building Type: Other

Garage/Parking

  • ParkingTotal: 6
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Paved

Schools

  • Middle/Junior School District: 46

Lot Info

  • Lot Size Acres: 0.18
  • Lot Dimensions: 60X132
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 3
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 4583
  • Tax Year: 2013

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 3 Flat,2 Story Unit/s

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 27, 2019
Sold by
Ortega Juan G
Bought by
Empire Apartments Llc
Current Estimated Value
$371,560

Purchase Details

Closed on
Jun 12, 2019
Sold by
Empire Apartments Llc
Bought by
Ortega Juan G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,000
Interest Rate
5.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 26, 2016
Sold by
Salazar Juan G Ortega
Bought by
Empire Apartments Llc

Purchase Details

Listed on
May 14, 2014
Closed on
Jul 18, 2014
Sold by
Bilmar Llc
Bought by
Ortega Salazar Juan G
Seller's Agent
Kara Fedyniszyn
Coldwell Banker Real Estate Group
Buyer's Agent
Ignacio Alvarez
Class REALTORS®
List Price
$124,800
Sold Price
$118,000
Premium/Discount to List
-$6,800
-5.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.79%
Original Mortgage
$88,500
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 15, 1995
Sold by
Amcore Trust Co
Bought by
Soto Tarsicio
Source: Public Records

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Range of Values:

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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
Empire Apartments Llc -- None Available
Ortega Juan G -- First American Title
Empire Apartments Llc -- Attorney
Ortega Salazar Juan G $118,000 Fidelity National Title
Soto Tarsicio $35,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ortega Juan G $154,000
Previous Owner Ortega Salazar Juan G $88,500
Previous Owner Soto Tarsicio $70,000
Previous Owner Soto Tarsicio $33,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2014 07/18/14 Sold $118,000 -5.4% --
05/23/2014 05/23/14 Pending -- -- --
05/14/2014 05/14/14 For Sale $124,800 -- --
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
2023 $6,967 $81,730 $14,365 $67,365
2022 $5,978 $68,939 $13,098 $55,841
2021 $5,750 $64,453 $12,246 $52,207
2020 $5,612 $61,531 $11,691 $49,840
2019 $5,474 $58,612 $11,136 $47,476
2018 $5,459 $55,216 $10,491 $44,725
2017 $5,369 $52,199 $9,918 $42,281
2016 $5,165 $48,426 $9,201 $39,225
2015 -- $44,387 $8,434 $35,953
2014 -- $43,839 $8,330 $35,509
2013 -- $44,996 $8,550 $36,446
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 08614825

Midwest Real Estate Data (MRED)

APN: 06-13-376-021