NOT LISTED FOR SALE

1624 E Chicago St Elgin, IL 60120

South Hoffman Estates Neighborhood

Estimated Value: $467,000 - $547,374

2.75 Acres
$182,761 Price per Acre
119,790 Sq Ft Lot

Sale Details

Date Sold: November 17, 2023

Last sale price $405,000 $137 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $3,729 / mo

5 Days on Market

Highlights

  • 2.75 Acre Lot
  • Heating System Uses Steam
  • Brick Driveway

About This Lot

As of November 2023

OPPORTUNITY KNOCKS ! * A RARE OFFERING ! * ATTENTION : BUILDERS * DEVELOPERS * CONTRACTORS * RE~HABBERS * LANDSCAPERS * HORSE LOVERS * ETC ! * LARGE HOME WITH SEPARATE 3 STALL HORSE BARN * GORGEOUS HEAVILY WOODED 2.75 ACRE PROPERTY * UNINCORPORATED * 5 BEDROOMS * 3+ BATHROOMS * BASEMENT WITH KITCHEN AND BATH * 1ST FLOOR BEDROOM WITH FULL BATH * LIVING RM. WITH FIREPLACE * 4 CAR GARAGE * 1 USED AS LARGE ADDITIONAL STORAGE * BEAUTIFUL ALL PAVER STONE DRIVEWAY ! * TREMENDOUS POTENTIAL ! * VALUABLE LAND * ADJACENT TO FOREST PRESERVE ! * TAKE A TRIP BACK IN TIME * HOUSE IN NEED OF RE~HAB & REPAIR * ABSOLUTELY 100 % "AS IS ~ WHERE IS" CONDITION ! * STRICTLY QUALIFIED BUYER'S ONLY ! * COUNTRY LIVING ! * SERENE AND PEACEFUL ! *

Last Agent to Sell the Property

Steve DeRienzo

RE/MAX Liberty License #475121859 Listed on: 09/14/2023

RE/MAX Liberty

Last Buyer's Agent

Feliberto Salgado

Redfin Corporation License #475171675

Redfin Corporation

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,334

Lot Details

  • 2.75 Acre Lot
  • Lot Dimensions are 470 x 326 x 358 x 390
  • Property fronts a state road

Parking

  • Brick Driveway

Utilities

  • Heating System Uses Steam
  • Radiant Heating System
  • Electricity To Lot Line
  • Gas Available
  • Private Company Owned Well
  • Private or Community Septic Tank

Additional Features

  • Partially Finished Basement

Property Details

Property Type

Land

Est. Annual Taxes

$7,334

Lot Details

2.75 Acres

Listing Details

  • Property Type: Land
  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Estate
  • Road Surface Type: Asphalt, Brick
  • General Information: None
  • Actual Status: Closed
  • ResoPropertyType: Land
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Basement Description: Partially Finished
  • Basement Bathrooms: No

Exterior Features

  • Frontage Type: State Road
  • Waterfront: No

Garage/Parking

  • Number of Cars: 0
  • Driveway: Brick

Utilities

  • Cooling: Other
  • Heating: Steam, Radiant
  • Utilities: Electric to Site, Gas to Site, Septic-Private, Well Private

Lot Info

  • Lot Size Acres: 2.75
  • Lot Dimensions: 470 X 326 X 358 X 390
  • Lot Size: 2.0-2.99 Acres
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Rental Price: 389500

Building Info

  • Building(s) on Land: Yes

Tax Info

  • Tax Annual Amount: 7334
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2023
Closed on
Oct 6, 2023
Sold by
Chicago Title Land Trust Company
Bought by
Lemuz Saul and Lemus Petra
Seller's Agent
Steve DeRienzo
RE/MAX Liberty
Buyer's Agent
Feliberto Salgado
Redfin Corporation
List Price
$389,500
Sold Price
$405,000
Premium/Discount to List
$15,500
3.98%
Views
202
Current Estimated Value
$502,594

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,594
Avg. Annual Appreciation
9.13%

Purchase Details

Closed on
Mar 29, 2007
Sold by
Borchardt Ronald and Borchardt Yolanda
Bought by
Park National Bank and Trust #32344

Purchase Details

Closed on
Jul 23, 1998
Sold by
Grand Premier Trust & Investment Inc Na
Bought by
Department Of Transportation
Source: Public Records
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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
Lemuz Saul $405,000 Chicago Title
Park National Bank -- None Available
Department Of Transportation $6,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/17/2023 11/17/23 Sold $405,000 0.0% $137 / Sq Ft
09/20/2023 09/20/23 Pending -- -- --
09/20/2023 09/20/23 Off Market $405,000 -- --
09/14/2023 09/14/23 For Sale $389,500 -- $132 / 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
2025 $12,553 $49,000 $24,977 $24,023
2024 $12,553 $48,000 $20,521 $27,479
2023 $12,166 $48,000 $20,521 $27,479
2022 $12,166 $48,000 $20,521 $27,479
2021 $7,334 $23,816 $14,657 $9,159
2020 $7,220 $23,816 $14,657 $9,159
2019 $7,138 $26,463 $14,657 $11,806
2018 $13,334 $45,125 $11,726 $33,399
2017 $13,027 $45,125 $11,726 $33,399
2016 $11,041 $45,125 $11,726 $33,399
2015 $11,197 $37,662 $8,794 $28,868
2014 $9,744 $37,662 $8,794 $28,868
2013 $10,648 $37,662 $8,794 $28,868
Source: Public Records

Agents Affiliated with this Home

  • Steve DeRienzo

    Seller's Agent in 2023

    Steve DeRienzo

    RE/MAX Liberty

    (630) 479-9479

    3 in this area

    68 Total Sales

    Steve DeRienzo
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11885146

Midwest Real Estate Data (MRED)

APN: 06-20-201-009-0000

Illinois Cook County Elgin 60120 South Hoffman Estates

1624 E Chicago St, 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) 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.
Based on information submitted to the MLS GRID

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