Dawn Larsen
Baird & Warner
(386) 888-4346
147 Total Sales
1 in Northeast Elgin
$168,000 Price
224 Jefferson Ave Elgin, IL 60120
Northeast Elgin NeighborhoodEstimated Value: $1,551,888
15
Beds
15
Baths
10,500
Sq Ft
$148/Sq Ft
Est. Value
About This Home
As of December 20217.22 CAP ! Completely stabilized and fully rented! Brand New boiler and heat exchangers! Security camera for entire building! All units are 1 BR, 1 BATH in this solid brick building! So much has been done here recently! Newer carpeting and fresh paint in common areas! Coin-operated laundry machines Newly repaved and striped driveway! Rebuilt front and back entrance stairs! Newer gutters on the building and garage! Six units are completely remodeled and 2 are partially remodeled! The building is located near downtown Elgin! AGENT INTEREST
Last Agent to Sell the Property
Concentric Realty, Inc License #475166517 Listed on: 07/21/2021
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $18,064
Year Built
- Built in 1920
Lot Details
- 10,956 Sq Ft Lot
- Lot Dimensions are 96x134x83x137
Parking
- 6 to 12 Parking Spaces
Interior Spaces
- 10,500 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 15 Bedrooms
- 15 Bathrooms
Utilities
- No Cooling
- Heating System Uses Steam
- Heating System Uses Gas
Listing and Financial Details
- Tenant pays for electricity
Community Details
Overview
- 15 Units
Building Details
- Electric Expense $997
- Fuel Expense $2,339
- Insurance Expense $3,429
- Other Expense $1,344
- Trash Expense $1,740
- Water Sewer Expense $6,075
- Operating Expense $33,988
- Gross Income $146,664
- Net Operating Income $118,112
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
Closed on
Apr 18, 2026
Sold by
224 Jefferson Ave Llc
Bought by
Current Estimated Value
Purchase Details
Listed on
Jul 21, 2021
Closed on
Dec 20, 2021
Sold by
224 Jefferson Llc
Bought by
224 Jefferson Ave Llc
Seller's Agent
Robert Drafke
Concentric Realty, Inc
Buyer's Agent
Jake Fugman
eXp Realty
List Price
$1,320,000
Sold Price
$1,175,000
Premium/Discount to List
-$145,000
-10.98%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.14%
Original Mortgage
$940,000
Interest Rate
3.12%
Mortgage Type
Commercial
Purchase Details
Listed on
Oct 9, 2020
Closed on
Dec 22, 2020
Sold by
Sub City Villas Llc
Bought by
224 Jefferson Llc
Seller's Agent
Matt Lysien
Suburban Life Realty, Ltd
Buyer's Agent
Robert Drafke
Concentric Realty, Inc
List Price
$1,100,000
Sold Price
$1,000,000
Premium/Discount to List
-$100,000
-9.09%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.13%
Original Mortgage
$780,000
Interest Rate
4%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 18, 2018
Sold by
A Place Of Our Own Llc
Bought by
Subcity Villas Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$997,050
Interest Rate
4.6%
Mortgage Type
Commercial
Purchase Details
Listed on
Jun 7, 2012
Closed on
Jul 15, 2015
Sold by
Chicago Title Land Trust Company
Bought by
A Place Of Our Own Llc
Seller's Agent
Debbie Scheitlin
Top Tier Asset Management
Buyer's Agent
Marie Krajecki
Century 21 New Heritage - Hampshire
List Price
$700,000
Sold Price
$498,000
Premium/Discount to List
-$202,000
-28.86%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.82%
Original Mortgage
$198,086
Interest Rate
4.09%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 29, 2003
Sold by
Schmidt Allen E
Bought by
Lasalle Bank Na and Trust #131541
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$531,250
Interest Rate
6.2%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 24, 1997
Sold by
Bank One Chicago Na
Bought by
Schmidt Allen E
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Northeast Elgin, IL
-
Dawn Larsen
-
Juana Fuentes
Juana Fuentes
Exclusive Living, Inc
(224) 255-4532
75 Total Sales
6 in Northeast Elgin
$195K - $305K Price Range
-
Elizabeth Goodchild
Elizabeth Goodchild
Realty of America
(224) 479-1826
471 Total Sales
2 in Northeast Elgin
$260K - $265K Price Range
-
Carol O'Malley
Carol O'Malley
HomeSmart Connect LLC
(708) 859-6089
96 Total Sales
1 in Northeast Elgin
$280,000 Price
-
Ken Bruderle
Ken Bruderle
Responds QuicklySuperior Homes Realty
(224) 347-7415
54 Total Sales
1 in Northeast Elgin
$178,900 Price
-
Katie Holmes
Katie Holmes
Keller Williams Success Realty
(224) 802-3626
90 Total Sales
2 in Northeast Elgin
$300K - $402K 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 |
|---|---|---|---|
| $1,615,000 | Fidelity National Title | ||
| 224 Jefferson Ave Llc | $1,092,000 | Atg | |
| 224 Jefferson Llc | $1,000,000 | Chicago Title Insurance Co | |
| Subcity Villas Llc | $586,500 | First American Title | |
| A Place Of Our Own Llc | $498,000 | Chicago Title Land Trust Co | |
| Lasalle Bank Na | $625,000 | Nlt Title Llc | |
| Schmidt Allen E | -- | -- |
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 |
|---|---|---|---|
| Closed | $940,000 | ||
| Previous Owner | 224 Jefferson Llc | $780,000 | |
| Previous Owner | Subcity Villas Llc | $997,050 | |
| Previous Owner | A Place Of Our Own Llc | $198,086 | |
| Previous Owner | A Place Of Our Own Llc | $366,886 | |
| Previous Owner | A Place Of Our Own Llc | $400,086 | |
| Previous Owner | Chicago Title Land Trust Company | $670,000 | |
| Previous Owner | Lasalle Bank Na | $531,250 | |
| Previous Owner | Schmidt Allen E | $300,000 |
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 |
|---|---|---|---|---|---|
| 12/31/2021 12/31/21 | Sold | $1,175,000 | -11.0% | $112 / Sq Ft | |
| 10/30/2021 10/30/21 | Pending | -- | -- | -- | |
| 07/21/2021 07/21/21 | For Sale | $1,320,000 | +32.0% | $126 / Sq Ft | |
| 12/22/2020 12/22/20 | Sold | $1,000,000 | -9.1% | -- | View Prior Sale |
| 10/14/2020 10/14/20 | Pending | -- | -- | -- | |
| 10/09/2020 10/09/20 | For Sale | $1,100,000 | +120.9% | -- | |
| 08/13/2015 08/13/15 | Sold | $498,000 | -28.9% | -- | View Prior Sale |
| 04/13/2015 04/13/15 | Pending | -- | -- | -- | |
| 06/07/2012 06/07/12 | For Sale | $700,000 | -- | -- |
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 | $28,922 | $379,099 | $60,304 | $318,795 |
| 2024 | $28,922 | $349,175 | $55,544 | $293,631 |
| 2023 | $26,891 | $315,453 | $50,180 | $265,273 |
| 2022 | $19,726 | $227,493 | $45,755 | $181,738 |
| 2021 | $18,976 | $212,690 | $42,778 | $169,912 |
| 2020 | $18,518 | $203,045 | $40,838 | $162,207 |
| 2019 | $18,064 | $193,413 | $38,901 | $154,512 |
| 2018 | $18,014 | $182,207 | $36,647 | $145,560 |
| 2017 | $18,649 | $181,316 | $36,468 | $144,848 |
| 2016 | $17,940 | $168,212 | $33,832 | $134,380 |
| 2015 | -- | $154,181 | $31,010 | $123,171 |
| 2014 | -- | $152,277 | $30,627 | $121,650 |
| 2013 | -- | $156,294 | $31,435 | $124,859 |
Source: Public Records
Agents Affiliated with this Home
-
Robert Drafke
RD
Seller's Agent in 2021
Robert Drafke
Concentric Realty, Inc
(630) 641-9434
1 in this area
14 Total Sales
-
Jake Fugman
Buyer's Agent in 2021
Jake Fugman
eXp Realty
(630) 379-7464
2 in this area
214 Total Sales
-
Matt Lysien
Seller's Agent in 2020
Matt Lysien
Suburban Life Realty, Ltd
(847) 309-6939
7 in this area
523 Total Sales
-
Debbie Scheitlin
DS
Seller's Agent in 2015
Debbie Scheitlin
Top Tier Asset Management
(847) 652-5610
2 Total Sales
-
AZ
Seller Co-Listing Agent in 2015
Allen Zak
Coldwell Banker The Real Estate Group
-
Marie Krajecki
Buyer's Agent in 2015
Marie Krajecki
Century 21 New Heritage - Hampshire
(630) 439-4800
3 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11163933
APN: 06-12-304-029
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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