164 Oak St Elgin, IL 60123
Southwest Elgin Neighborhood
3
Beds
2
Baths
--
Sq Ft
4,922
Sq Ft Lot
Highlights
- Living Room
- Forced Air Heating System
- Family Room
- Laundry Room
- Dining Room
- 2-minute walk to Ryerson Park
About This Home
As of September 2022DON'T MISS THIS AMAZING MULTI-UNIT INVESTMENT OPPORTUNITY! This well-kept home in the heart of Elgin offers 2 stunning tenant-occupied units with a quiet fenced-in backyard. The LOWER unit offers 2 bedrooms, with a flex room that could be a potential 3rd bedroom (including a walk-in closet), and a fully updated bathroom. The UPPER unit boasts 1 bedroom, 1 bathroom, spacious living room, and private balcony. EACH UNIT has their own thermostat (Forced Heat and Central A/C), and THEIR OWN washer and dryer. Updates since 2019 include updated bathroom, interior paint, new flooring in Upper Unit, new refrigerators in BOTH Units, plus new furnace and extensive duct work throughout. This location is only minutes away from stores and restaurants. Please see private remarks for tenant info.
Last Agent to Sell the Property
HomeSmart Connect LLC License #475190812 Listed on: 06/24/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,051
Year Built
- Built in 1900
Lot Details
- Lot Dimensions are 50x125
Home Design
- Frame Construction
- Asphalt Roof
Interior Spaces
- Family Room
- Living Room
- Dining Room
- Unfinished Basement
- Basement Fills Entire Space Under The House
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Potential Bedrooms
- 2 Bathrooms
Parking
- 3 Parking Spaces
- Driveway
- Uncovered Parking
- Parking Included in Price
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
Community Details
Overview
- 2 Units
Building Details
- Electric Expense $150
- Water Sewer Expense $80
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 24, 2022
Closed on
Aug 25, 2022
Sold by
Miller Drew
Bought by
Mirza Shafique
Seller's Agent
Denise Gombar
HomeSmart Connect LLC
Buyer's Agent
Robert Gram
Keller Williams Premiere Properties
List Price
$230,000
Sold Price
$207,500
Premium/Discount to List
-$22,500
-9.78%
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
$33,591
Avg. Annual Appreciation
5.83%
Original Mortgage
$155,625
Interest Rate
5.66%
Mortgage Type
New Conventional
Purchase Details
Listed on
Sep 17, 2018
Closed on
Sep 16, 2019
Sold by
Mehmudi Momedin and Mehmudi Vakdete
Bought by
Miller Drew
Seller's Agent
Dan Mahmudi
Bonanza Realty
Buyer's Agent
Nancy Eisele
Coldwell Banker Realty
List Price
$198,900
Sold Price
$180,000
Premium/Discount to List
-$18,900
-9.5%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.80%
Original Mortgage
$171,000
Interest Rate
3.4%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 5, 2005
Sold by
Lee Richard
Bought by
Mahmudi Momedin and Mahmudi Valdete
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 2, 2004
Sold by
Wells Fargo Bank Minnesota Na
Bought by
Lee Richard
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
1.62%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 5, 2004
Sold by
Simmons Darryl R
Bought by
Wells Fargo Bank Minnesota Na and Structured Asset Securities Corp 2002-He
Purchase Details
Closed on
Aug 20, 2000
Sold by
Martins John R
Bought by
Simmons Darryl
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,250
Interest Rate
12.35%
Purchase Details
Closed on
Jun 13, 2000
Sold by
Hud
Bought by
Martins John R
Purchase Details
Closed on
Dec 10, 1999
Sold by
Martinez Rafael
Bought by
Hud
Purchase Details
Closed on
Jan 31, 1995
Sold by
Balk Garrick A
Bought by
Martinez Rafael
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,350
Interest Rate
9.24%
Mortgage Type
FHA
Similar Homes in Elgin, IL
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $207,500 | -- | |
| Warranty Deed | $180,000 | Attorneys Ttl Guaranty Fund | |
| Warranty Deed | $145,000 | Republic Title | |
| Corporate Deed | $135,000 | 1St American Title | |
| Sheriffs Deed | -- | -- | |
| Warranty Deed | $125,000 | -- | |
| Warranty Deed | -- | -- | |
| Sheriffs Deed | -- | Wheatland Title | |
| Warranty Deed | $94,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $155,625 | New Conventional | |
| Previous Owner | $171,000 | New Conventional | |
| Previous Owner | $116,000 | Purchase Money Mortgage | |
| Previous Owner | $108,000 | New Conventional | |
| Previous Owner | $106,250 | No Value Available | |
| Previous Owner | $92,350 | FHA | |
| Closed | $12,500 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/27/2022 09/27/22 | Sold | $207,500 | -7.8% | -- |
| 07/29/2022 07/29/22 | Pending | -- | -- | -- |
| 07/17/2022 07/17/22 | Price Changed | $225,000 | -2.2% | -- |
| 06/24/2022 06/24/22 | For Sale | $230,000 | +27.8% | -- |
| 09/16/2019 09/16/19 | Sold | $180,000 | -9.5% | -- |
| 08/02/2019 08/02/19 | Pending | -- | -- | -- |
| 07/06/2019 07/06/19 | For Sale | $198,900 | 0.0% | -- |
| 06/27/2019 06/27/19 | Rented | $800 | 0.0% | -- |
| 06/20/2019 06/20/19 | Off Market | $180,000 | -- | -- |
| 06/19/2019 06/19/19 | For Sale | $198,900 | 0.0% | -- |
| 06/19/2019 06/19/19 | For Rent | $800 | 0.0% | -- |
| 05/15/2019 05/15/19 | Pending | -- | -- | -- |
| 02/20/2019 02/20/19 | Rented | $800 | 0.0% | -- |
| 02/05/2019 02/05/19 | For Rent | $800 | 0.0% | -- |
| 01/20/2019 01/20/19 | For Sale | $198,900 | 0.0% | -- |
| 12/20/2018 12/20/18 | Pending | -- | -- | -- |
| 09/17/2018 09/17/18 | For Sale | $198,900 | -- | -- |
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 |
|---|---|---|---|---|
| 2023 | $4,442 | $52,113 | $12,113 | $40,000 |
| 2022 | $3,313 | $44,202 | $11,045 | $33,157 |
| 2021 | $3,152 | $41,325 | $10,326 | $30,999 |
| 2020 | $3,051 | $39,451 | $9,858 | $29,593 |
| 2019 | $3,510 | $37,579 | $9,390 | $28,189 |
| 2018 | $3,500 | $35,402 | $8,846 | $26,556 |
| 2017 | $3,442 | $33,468 | $8,363 | $25,105 |
| 2016 | $3,312 | $31,050 | $7,759 | $23,291 |
| 2015 | -- | $28,460 | $7,112 | $21,348 |
| 2014 | -- | $28,108 | $7,024 | $21,084 |
| 2013 | -- | $28,849 | $7,209 | $21,640 |
Source: Public Records
Agents Affiliated with this Home
-
Denise Gombar
Seller's Agent in 2022
Denise Gombar
HomeSmart Connect LLC
(630) 362-8374
1 in this area
36 Total Sales
-
Jordan Heneghan
Seller Co-Listing Agent in 2022
Jordan Heneghan
HomeSmart Connect LLC
(312) 972-3964
1 in this area
100 Total Sales
-
Robert Gram
Buyer's Agent in 2022
Robert Gram
Keller Williams Premiere Properties
(630) 334-9074
1 in this area
58 Total Sales
-
Dan Mahmudi
D
Seller's Agent in 2019
Dan Mahmudi
Bonanza Realty
(847) 293-9010
2 Total Sales
-
Kimberly Osko
Buyer's Agent in 2019
Kimberly Osko
Baird & Warner
(224) 388-6920
102 Total Sales
-
Nancy Eisele
Buyer's Agent in 2019
Nancy Eisele
Coldwell Banker Realty
(630) 776-1410
157 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11445895
APN: 06-24-103-015
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