Seller's Agent in 2023
Rachael Rae Gish
@ Properties
(815) 791-3487
148 Total Sales
206 N Chicago Ave Elwood, IL 60421
Estimated Value: $233,000 - $281,000
4
Beds
3
Baths
--
Sq Ft
0.26
Acres
Highlights
- Shed
- Ceiling Fan
- 2-minute walk to Tyler Park
About This Home
As of October 2023**4,000 sq ft of Income-Generating Multi-Unit Building in the Heart of Elwood, Steps from School and Children's Garden** Owner was previously getting $900 for smaller unit in the back, $1,100 for 2 bedroom on the lower level and $1,200 for upper level - that was rented to family for a discount. This multi-unit building offers not just a home, but an income stream with immense potential, making it a sought-after gem for investors. Situated conveniently near the local school and the enchanting butterfly garden, this property combines comfort with a tranquil setting. **Key Features:** **Prime Location**: Located near Elwood School and I-55 - convenient for work commute. **Multi-Unit Layout**: The building consists of well-designed individual units, each offering privacy and comfortable living spaces. With a mix of 2-3 units, there is ample room for various tenant preferences. Each unit features it's own kitchen, living space, laundry and full bathroom. **Income Potential**: This property presents an incredible opportunity for passive income. Whether you're an experienced investor or just starting out, the multi-unit layout allows you to generate steady rental income from multiple tenants. **Convenience and Accessibility**: The property's proximity to local schools, parks, and the highway ensures a convenient lifestyle for tenants. Public transportation options make commuting a breeze. **Community Atmosphere**: Elwood is known for its tight-knit community and friendly atmosphere. Tenants will have the opportunity to engage in local events, meet neighbors, and enjoy the warmth of a close community. **Investor's Dream**: With its strategic location, multi-unit layout, and potential for consistent rental income, this property is an investor's dream come true. Take advantage of the strong demand for rental properties in this desirable neighborhood. Embrace the opportunity to own an income-generating property that combines convenience, nature, and easy living in one remarkable package. Don't miss out on this chance to secure your financial future while providing tenants with an exceptional place to call home. Contact us today to schedule a viewing and explore the potential of this fantastic Elwood multi-unit building near the school and children's garden!
Last Agent to Sell the Property
@properties Christie's International Real Estate License #475179255 Listed on: 08/11/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,120
Lot Details
- 0.26
Home Design
- Asphalt Roof
- Vinyl Siding
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Potential Bedrooms
- 3 Bathrooms
Parking
- 6 Parking Spaces
- Uncovered Parking
- Parking Included in Price
- Unassigned Parking
Schools
- Elwood C C Elementary And Middle School
- Joliet Central High School
Additional Features
- Ceiling Fan
- Shed
- Lot Dimensions are 150x74x151x74
- Heating System Uses Natural Gas
Community Details
- 2 Units
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 11, 2023
Closed on
Dec 4, 2023
Sold by
Mi Homes Of Chicago Llc
Bought by
Duffy Jacob A and Duffy Nicole L
Seller's Agent
Rachael Rae Gish
@properties Christie's International Real Estate
Buyer's Agent
Francisco Perez
Trusted Real Estate, LLC
List Price
$259,900
Sold Price
$250,000
Premium/Discount to List
-$9,900
-3.81%
Views
187
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
$18,074
Avg. Annual Appreciation
2.47%
Original Mortgage
$6,000
Interest Rate
7.63%
Purchase Details
Listed on
Aug 11, 2023
Closed on
Nov 22, 2023
Sold by
Awan Business Management Group Llc
Bought by
Seff Properties Llc
Seller's Agent
Rachael Rae Gish
@properties Christie's International Real Estate
Buyer's Agent
Francisco Perez
Trusted Real Estate, LLC
List Price
$259,900
Sold Price
$250,000
Premium/Discount to List
-$9,900
-3.81%
Views
187
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,000
Interest Rate
7.63%
Purchase Details
Listed on
Aug 11, 2023
Closed on
Oct 20, 2023
Sold by
Lewandowski Wayne and Maltais Kristie R
Bought by
Salazar Ruben Ramirez
Seller's Agent
Rachael Rae Gish
@properties Christie's International Real Estate
Buyer's Agent
Francisco Perez
Trusted Real Estate, LLC
List Price
$259,900
Sold Price
$250,000
Premium/Discount to List
-$9,900
-3.81%
Views
187
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,000
Interest Rate
7.63%
Purchase Details
Listed on
Aug 11, 2023
Closed on
Oct 9, 2023
Sold by
Jbest Llc
Bought by
Calvillo Miguel
Seller's Agent
Rachael Rae Gish
@properties Christie's International Real Estate
Buyer's Agent
Francisco Perez
Trusted Real Estate, LLC
List Price
$259,900
Sold Price
$250,000
Premium/Discount to List
-$9,900
-3.81%
Views
187
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,000
Interest Rate
7.63%
Purchase Details
Closed on
Oct 15, 2012
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Lewandowski Wayne
Purchase Details
Closed on
Jul 6, 2011
Sold by
Noreen Bishop M
Bought by
Federal Home Loan Mortgage Corp
Purchase Details
Closed on
Feb 23, 2011
Sold by
Bishop M Noreen and No 10 Ch 2374
Bought by
Wells Fargo Bank Na
Purchase Details
Closed on
May 11, 2002
Sold by
Elwood Masonic Lodge #919
Bought by
Bishop M Noreen
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Duffy Jacob A | $516,560 | None Listed On Document | |
| Seff Properties Llc | $1,110,000 | Chicago Title | |
| Salazar Ruben Ramirez | $250,000 | Citywide Title | |
| Calvillo Miguel | $206,000 | Chicago Title | |
| Lewandowski Wayne | $40,000 | First American Title | |
| Federal Home Loan Mortgage Corp | $114,184 | None Available | |
| Wells Fargo Bank Na | $114,183 | None Available | |
| Bishop M Noreen | $90,000 | Ticor Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | Salazar Ruben Ramirez | $6,000 | |
| Previous Owner | Salazar Ruben Ramirez | $200,000 | |
| Previous Owner | Lewandowski Wayne | $50,000 | |
| Previous Owner | Bishop Mary Noreen | $220,000 | |
| Previous Owner | Bishop Mary Noreen | $180,000 | |
| Previous Owner | Bishop M Noreen | $50,000 | |
| Previous Owner | Bishop M Noreen | $115,000 | |
| Previous Owner | Bishop Mary Noreen | $109,914 | |
| Previous Owner | Bishop Mary Noreen | $85,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/31/2023 10/31/23 | Sold | $250,000 | -3.8% | -- |
| 09/27/2023 09/27/23 | Pending | -- | -- | -- |
| 08/11/2023 08/11/23 | For Sale | $259,900 | -- | -- |
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 | $4,099 | $55,371 | $14,737 | $40,634 |
| 2022 | $4,120 | $54,240 | $14,633 | $39,607 |
| 2021 | $3,949 | $51,994 | $14,028 | $37,966 |
| 2020 | $3,653 | $48,258 | $13,715 | $34,543 |
| 2019 | $3,635 | $46,100 | $13,400 | $32,700 |
| 2018 | $3,400 | $41,809 | $13,377 | $28,432 |
| 2017 | $3,321 | $39,849 | $12,750 | $27,099 |
| 2016 | $3,294 | $39,087 | $12,506 | $26,581 |
| 2015 | $3,328 | $37,350 | $11,950 | $25,400 |
| 2014 | $3,328 | $37,350 | $11,950 | $25,400 |
| 2013 | $3,328 | $37,350 | $11,950 | $25,400 |
Source: Public Records
Agents Affiliated with this Home
-
Rachael Rae Gish
-
Francisco Perez
Buyer's Agent in 2023
Francisco Perez
Trusted Real Estate, LLC
(312) 860-5334
43 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11857702
APN: 10-11-29-108-002
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.
Based on information submitted to the MLS GRID. 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.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked.
Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Nearby Homes
- Lot 4 Lincoln-Way Dr
- 100-118 Jay St
- Lot 11 E Mississippi Ave
- VACANT E Mississippi Ave
- 207 W Park St
- 203 W Park St
- 100 E Gardner St
- 205 N Lincoln St
- 210 S Douglas St
- 606 Briarwood Ct
- 210 W South St
- 109 Creekside Dr
- 966 Arrowhead Dr
- 964 Arrowhead Dr
- 20147 White Tail Ct
- 20137 White Tail Ct
- Lot 1 S Rt 53
- Sec29 Heritage Dr
- 25019 S Bush Rd
- 19228 Quail Ct
- 206 N Chicago St
- 210 N Chicago St
- 200 N Chicago Ave
- 105 E Spencer St
- 107 E Spencer St
- 204 N Chicago St Unit 2
- 204 N Chicago St Unit UNI
- 200 N Chicago St
- 109 E Spencer St
- 111 E Spencer St
- 207 N Chicago St
- 113 E Spencer St
- 106 W Park St
- 115 E Spencer St
- 301 N Chicago St
- 205 N Matteson St
- 207 N Matteson St
- 209 N Matteson St
- 117 E Spencer St
- 213 Po Box