Seller's Agent in 2025
Maria Tamayo
Luna Real Estate Inc.
(224) 659-4676
7 in this area
104 Total Sales
167 Cherry St Elgin, IL 60120
Northeast Elgin Neighborhood
4
Beds
2
Baths
--
Sq Ft
6,447
Sq Ft Lot
About This Home
As of May 2025This 2-unit property presents a fantastic investment opportunity. With the same tenants happily residing for 2 years and eager to stay, the property offers steady rental income. Recent improvements include updated plumbing in 2024, ensuring modern sewer piping. Both units feature new appliances, including refrigerators, water heaters, and stoves, and were remodeled prior to the current tenants' move-in. Tenants pay their own gas and electric, while the owner covers the water bill. Each unit also comes with a detached garage, providing added value. With these updates and reliable tenants, this property is a great long-term investment.
Last Agent to Sell the Property
Luna Real Estate Inc. License #471019966 Listed on: 03/12/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,881
Year Built
- Built in 1865 | Remodeled in 2000
Parking
- 2 Car Garage
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Potential Bedrooms
- 2 Bathrooms
Additional Features
- Basement Fills Entire Space Under The House
- Lot Dimensions are 47 x 130
- Heating System Uses Natural Gas
Community Details
- 2 Units
- Gross Income $33,600
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 12, 2025
Closed on
May 12, 2025
Sold by
Birdman Llc
Bought by
Terrazas Araceli and Avila Homero Terrazas
Seller's Agent
Maria Tamayo
Luna Real Estate Inc.
Buyer's Agent
Adalberto Sanchez
A&O Dream Key Real Estate
List Price
$280,000
Sold Price
$255,000
Premium/Discount to List
-$25,000
-8.93%
Views
315
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
$4,767
Avg. Annual Appreciation
3.03%
Purchase Details
Closed on
Nov 4, 1998
Sold by
Mapes Donald L and Mapes Ann L
Bought by
Mapes Donald L and Mapes Ann L
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 | $255,000 | Chicago Title | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/12/2025 05/12/25 | Sold | $255,000 | -5.6% | -- | |
| 05/01/2025 05/01/25 | Pending | -- | -- | -- | |
| 04/15/2025 04/15/25 | Price Changed | $270,000 | -3.6% | -- | |
| 03/12/2025 03/12/25 | For Sale | $280,000 | +55.6% | -- | |
| 03/17/2023 03/17/23 | Sold | $180,000 | -5.3% | -- | View Prior Sale |
| 01/13/2023 01/13/23 | Pending | -- | -- | -- | |
| 01/06/2023 01/06/23 | Price Changed | $190,000 | -11.6% | -- | |
| 12/09/2022 12/09/22 | For Sale | $215,000 | -- | -- |
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 | $4,432 | $63,381 | $9,249 | $54,132 |
| 2023 | $4,881 | $57,260 | $8,356 | $48,904 |
| 2022 | $4,176 | $48,157 | $7,619 | $40,538 |
| 2021 | $4,017 | $45,023 | $7,123 | $37,900 |
| 2020 | $3,920 | $42,981 | $6,800 | $36,181 |
| 2019 | $3,824 | $40,942 | $6,477 | $34,465 |
| 2018 | $3,813 | $38,570 | $6,102 | $32,468 |
| 2017 | $3,750 | $36,463 | $5,769 | $30,694 |
| 2016 | $3,608 | $33,828 | $5,352 | $28,476 |
| 2015 | -- | $31,007 | $4,906 | $26,101 |
| 2014 | -- | $30,624 | $4,845 | $25,779 |
| 2013 | -- | $31,432 | $4,973 | $26,459 |
Source: Public Records
Agents Affiliated with this Home
-
Maria Tamayo
-
Diana Gonzalez
Seller Co-Listing Agent in 2025
Diana Gonzalez
Luna Real Estate Inc.
(224) 775-7226
6 in this area
73 Total Sales
-
Adalberto Sanchez
Buyer's Agent in 2025
Adalberto Sanchez
A&O Dream Key Real Estate
(224) 232-9419
14 in this area
160 Total Sales
-
R
Seller's Agent in 2023
Rudy Johnson
Keller Williams Inspire - Geneva
-
Sharon Mennerick
Seller Co-Listing Agent in 2023
Sharon Mennerick
HomeSmart Connect LLC
(630) 408-5844
6 in this area
96 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12307747
APN: 06-14-229-006
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