NOT LISTED FOR SALE

218 N Gifford St Unit 220 Elgin, IL 60120

Estimated Value: $305,000 - $447,000

6 Beds
3 Baths
-- Sq Ft
6,970 Sq Ft Lot

Last Sold January 05, 2022

Last sale price $235,000

Est. 51% increase in value since last sale

Current estimated payment $2,444/month

322 Days on Market

About This Home

As of January 2022

Great 3 unit 1-studio 1-2 bedroom 1-3 bedroom

Last Agent to Sell the Property

Ruth Stephens

Suburban Life Realty, Ltd License #475147961 Listed on: 12/01/2020

Last Buyer's Agent

Enrique Rios

Chicagoland Brokers Inc. License #475160217

Chicagoland Brokers Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,726

Lot Details

  • 6,970

Parking

  • Detached Garage
  • Heated Garage
  • Parking Included in Price

Home Design

  • Aluminum Siding

Additional Features

  • Unfinished Basement

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,726

Lot Details

0

Parking

2

Listing Details

  • Property Type: Two to Four Units
  • Property Type: Residential Income
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Architectural Style: American 4-Sq.
  • Directions: Chicage St to Gifford Pl north on Gifford to house.
  • Lot Size: 7198
  • New Construction: No
  • Ownership: Fee Simple
  • MRD_AP1: Stove,Refrigerator
  • MRD_AP2: Stove,Refrigerator
  • MRD_AP3: Stove,Refrigerator
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • Full Bathrooms: 3
  • Possible Bedrooms: 6
  • Total Bedrooms: 6
  • Other Equipment: TV-Cable, CO Detectors

Exterior Features

  • Roof: Asphalt
  • Exterior Features: Deck
  • Foundation Details: Block
  • Exterior Building Type: Aluminum Siding
  • Other Structures: None
  • Waterfront: No

Garage/Parking

  • Number of Cars: 2
  • Garage Details: Heated
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage
  • Garage Spaces: 2

Utilities

  • Heating: Natural Gas
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Conversion YN: N
  • Community Features: Street Lights

Fee Information

  • Trash Expense Year: 0
  • Annual Water Sewer Expense: 3000

Schools

  • Junior High Dist: 46

Lot Info

  • Lot Size: Less Than .25 Acre
  • Special Assessments: N
  • Additional Parcels: No
  • Zoning: MULTI

Green Features

  • Green Building Verification Type: Other

Rental Info

  • Board Number: 5
  • Is Parking Included in Price: Yes

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat
  • Electric Expense: 1000
  • Annual Gross Income: 30000
  • Insurance Expense: 2500
  • Property Net Operating Income: 24000

Tax Info

  • Tax Exemptions: None
  • Tax Annual Amount: 5556
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2020
Closed on
Jan 5, 2022
Sold by
Starks Mildred
Bought by
Quinonez Eric
Seller's Agent
Ruth Stephens
Suburban Life Realty, Ltd
Buyer's Agent
Enrique Rios
Chicagoland Brokers Inc.
Sold Price
$235,000
Current Estimated Value
$355,241

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$120,241
Avg. Annual Appreciation
10.84%
Original Mortgage
$230,743
Outstanding Balance
$212,611
Interest Rate
3.11%
Mortgage Type
FHA
Estimated Equity
$132,761

Purchase Details

Closed on
Oct 1, 2000
Sold by
Belew Helen V
Bought by
Starks Mildred
Source: Public Records

Range of Values:

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Average Value
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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
Quinonez Eric $235,000 Fidelity National Ttl Ins Co
Starks Mildred -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Quinonez Eric $230,743
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/05/2022 01/05/22 Sold $235,000 0.0% --
11/04/2021 11/04/21 Off Market $235,000 -- --
10/19/2021 10/19/21 Pending -- -- --
09/03/2021 09/03/21 For Sale -- -- --
08/02/2021 08/02/21 Pending -- -- --
06/22/2021 06/22/21 For Sale -- -- --
05/27/2021 05/27/21 Pending -- -- --
03/05/2021 03/05/21 For Sale $250,000 0.0% --
12/17/2020 12/17/20 Pending -- -- --
12/01/2020 12/01/20 For Sale $250,000 -- --
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 $6,726 $92,041 $13,956 $78,085
2023 $6,406 $83,152 $12,608 $70,544
2022 $6,067 $69,972 $11,496 $58,476
2021 $5,837 $65,419 $10,748 $54,671
2020 $5,696 $62,453 $10,261 $52,192
2019 $5,556 $59,490 $9,774 $49,716
2018 $5,541 $56,044 $9,208 $46,836
2017 $5,449 $52,982 $8,705 $44,277
2016 $5,242 $49,153 $8,076 $41,077
2015 -- $45,053 $7,402 $37,651
2014 -- $44,497 $7,311 $37,186
2013 -- $45,671 $7,504 $38,167
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10944263

Midwest Real Estate Data (MRED)

APN: 06-13-131-037