NOT LISTED FOR SALE

1698 Alison Dr Elgin, IL 60123

Estimated Value: $762,000 - $1,327,656

17 Beds
9 Baths
-- Sq Ft
0.44 Acres

Last Sold January 04, 2018

Last sale price $745,000

Est. 40% increase in value since last sale

Current estimated payment $7,741/month

14 Days on Market

About This Home

As of January 2018

Beautiful all brick 9 unit with eight 2 bedrooms and one 1 bedroom unit. Extremely well maintained building with unique floor plans. 8 car garage, newer concrete driveway, new boiler in 2011, new roof in 2010, newer hallway carpeting, units are in excellent condition, freshly painted common area. Coin-op washer and dryer included.

Last Agent to Sell the Property

Teresa Stultz

Premier Living Properties License #475137186 Listed on: 10/02/2017

Co-Listed By

Steven Stultz

Premier Living Properties License #475137190

Last Buyer's Agent

Gina Clifford

Berkshire Hathaway HomeServices Starck Real Estate License #471019405

Berkshire Hathaway HomeServices Starck Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $26,415

Year Built

  • 1968

Lot Details

  • 0.44

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Utilities

  • Cooling System Mounted In Outer Wall Opening

Community Details

  • Fuel Expense $2,538
  • Insurance Expense $2,268

Listing and Financial Details

  • Tenant pays for electric

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$26,415

Year Built

1968

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Ownership Type: Land Trust
  • Potential Use: Condominium, Residential-Multi-Family
  • Zoning Type: MULTI
  • Estimated Age: 36-50 Years
  • Net Operating Income Year: 2016
  • Net Oper Income: 69236
  • Outdoor Parking: 6-12 Spaces
  • Repairs Decor Expense: 3000
  • Roof Coverings: Shingle Composition
  • Roof Structure: Mansard
  • Scavenger Expense: 1873
  • Total Annual Exp: 14370
  • Total Annual Income: 105624
  • Total Monthly Income: 8802
  • Number Of Disposals: 9
  • Number of Ranges: 9
  • Number Of Refrigs: 9
  • Number Of Window A C: 11
  • Number Of Stories: 3
  • Estimated Year Built: 1968
  • Type Multi Family: Corridor-Interior Entrance
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1968

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Brick
  • Construction: Brick
  • Frontage Access: City Street

Garage/Parking

  • Indoor Parking: 6-12 Spaces
  • Number Of Parking Spaces: 16

Utilities

  • Air Conditioner: Wall Sleeve
  • Heatventilation: Central Bldg Heat, Hot Water
  • Water Expense: 3492

Condo/Co-op/Association

  • Units in Building: 9

Fee Information

  • Electrical Service: Circuit Breakers

Lot Info

  • Lot Dimensions: 142X133
  • Lot Sq Ft: 18948
  • Parcel Identification Number: 0615305005

Rental Info

  • Gross Rental Income: 103524
  • Tenant Pays: Electric

Multi Family

  • Expense Year: 2016
  • Fuel Expense: 2538
  • Insurance Expense: 2268
  • Other Expenses: 1200
  • Number Of Dishwashers: 9
  • Number Of Dryers: 1
  • Number Of Washers: 1

Tax Info

  • Taxes: 22018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2017
Closed on
Jan 3, 2018
Sold by
Ford Patrick H and Ford Shannon
Bought by
Alison Drive Llc
Seller's Agent
Teresa Stultz
Premier Living Properties
Buyer's Agent
Gina Clifford
Berkshire Hathaway HomeServices Starck Real Estate
List Price
$799,000
Sold Price
$745,000
Premium/Discount to List
-$54,000
-6.76%
Current Estimated Value
$1,044,828

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$299,828
Avg. Annual Appreciation
4.46%
Original Mortgage
$596,000
Outstanding Balance
$502,696
Interest Rate
3.92%
Mortgage Type
Commercial
Estimated Equity
$542,132

Purchase Details

Listed on
Sep 11, 2015
Closed on
Oct 15, 2015
Sold by
Heller Keith M
Bought by
Ford Patrick H
Seller's Agent
Teresa Stultz
Premier Living Properties
Buyer's Agent
Patrick Ford
Baird & Warner
List Price
$725,000
Sold Price
$695,000
Premium/Discount to List
-$30,000
-4.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.18%
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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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
Alison Drive Llc $745,000 Attorney
Ford Patrick H $695,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alison Drive Llc $596,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/04/2018 01/04/18 Sold $745,000 0.0% --
10/27/2017 10/27/17 Off Market $745,000 -- --
10/25/2017 10/25/17 For Sale $799,000 0.0% --
10/16/2017 10/16/17 Pending -- -- --
10/13/2017 10/13/17 Pending -- -- --
10/02/2017 10/02/17 For Sale $799,000 +15.0% --
10/15/2015 10/15/15 Sold $695,000 -4.1% --
09/18/2015 09/18/15 Pending -- -- --
09/11/2015 09/11/15 For Sale $725,000 -- --
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
2024 $26,415 $330,072 $53,006 $277,066
2023 $25,420 $298,195 $47,887 $250,308
2022 $23,577 $271,902 $43,665 $228,237
2021 $22,680 $254,209 $40,824 $213,385
2020 $22,133 $242,682 $38,973 $203,709
2019 $21,591 $231,170 $37,124 $194,046
2018 $19,888 $201,158 $34,973 $166,185
2017 $20,808 $202,304 $35,172 $167,132
2016 $21,854 $204,911 $32,630 $172,281
2015 -- $187,819 $29,908 $157,911
2014 -- $185,500 $29,539 $155,961
2013 -- $190,393 $30,318 $160,075
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09766928

Midwest Real Estate Data (MRED)

APN: 06-15-305-005