Gary Grossman
Coldwell Banker Realty
(224) 628-7003
152 Total Sales
1 in Northeast Elgin
$243,000 Price
167 Cherry St Elgin, IL 60120
Northeast Elgin NeighborhoodEstimated Value: $256,775
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
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,881
Year Built
- Built in 1865 | Remodeled in 2000
Lot Details
- 6,447
Parking
- 2 Car Detached 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 12, 2025
Closed on
May 12, 2025
Sold by
Bought by
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
$1,775
Avg. Annual Appreciation
0.57%
Purchase Details
Closed on
Jun 20, 2023
Sold by
Bought by
Purchase Details
Listed on
Dec 9, 2022
Closed on
Feb 24, 2023
Sold by
Bought by
Seller's Agent
Rudy Johnson
Keller Williams Inspire - Geneva
Buyer's Agent
Maria Tamayo
Luna Real Estate Inc.
List Price
$215,000
Sold Price
$180,000
Premium/Discount to List
-$35,000
-16.28%
Views
149
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.08%
Original Mortgage
$135,000
Interest Rate
5.88%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 4, 1998
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Northeast Elgin, IL
-
Gary Grossman
-
Lisa Jensen
Lisa Jensen
Keller Williams North Shore West
(815) 887-6722
378 Total Sales
1 in Northeast Elgin
$327,500 Price
-
Sharon Lynch
Sharon Lynch
@properties Christie's International Real Estate
(224) 258-0623
68 Total Sales
1 in Northeast Elgin
$190,000 Price
-
Larry Hines
Larry Hines
RE/MAX Horizon
(224) 864-9728
87 Total Sales
4 in Northeast Elgin
$85K - $252K Price Range
-
Matt Lysien
Matt Lysien
Suburban Life Realty, Ltd
(224) 315-8087
516 Total Sales
7 in Northeast Elgin
$112K - $460K Price Range
-
Monica Vargas
Monica Vargas
GREAT HOMES REAL ESTATE, INC.
(224) 246-8148
179 Total Sales
4 in Northeast Elgin
$31K - $269K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $255,000 | Chicago Title | ||
| -- | None Listed On Document | ||
| $180,000 | -- | ||
| -- | -- | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $135,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $5,250 | $68,813 | $10,042 | $58,771 |
| 2024 | $5,250 | $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
Seller's Agent in 2025
Maria Tamayo
Luna Real Estate Inc.
(224) 659-4676
6 in this area
97 Total Sales
-
Diana Gonzalez
Seller Co-Listing Agent in 2025
Diana Gonzalez
Luna Real Estate Inc.
(224) 775-7226
7 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
152 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
5 in this area
85 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12307747
APN: 06-14-229-006
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.
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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