$575,000
SOLD NOV 24, 2025
11 Beds
4 Baths
-- Sq Ft
8,712 Sq Ft Lot

Recently Sold

3% Below List Price

10 Days on Market

About This Home

As of November 2025

Excellent Investment Opportunity - Fully Leased 4-Unit Building in Prime Elgin Location! Spacious and well-maintained, this fully occupied multi-unit property is an ideal addition to any investor's portfolio. All four units are currently leased, generating immediate rental income. Three of the units feature updated kitchens and bathrooms, providing modern comfort for tenants. Recent mechanical and structural updates offer peace of mind: TWO NEW FURNACE UNITS installed in October 2024, Two hot water heaters - 40-gallon (installed Dec 2022) & 50-gallon (installed Dec 2011). Building exterior painted, plus new gutters and downspouts (2021) and driveway/parking lot sealed (2025). The property includes two separate basement areas: One basement provides community storage for tenants and houses a coin-operated laundry (1 washer & 1 dryer) and the second basement is secured for landlord use, perfect for storage or a workshop. Ample off-street parking with 11 total spaces, 2 reserved per unit and 3 visitor spots. Conveniently located within walking distance to Gail Borden Library, Hemmens Cultural Center, Elgin Recreation Center, the scenic Fox River, and all the vibrant offerings of Downtown Elgin. Don't miss out on this great investment opportunity!

Last Agent to Sell the Property

Andy Walton

HomeSmart Connect License #475191288 Listed on: 08/01/2025

HomeSmart Connect

Co-Listed By

Noel Walton

HomeSmart Connect License #475170491

Last Buyer's Agent

Andy Walton

HomeSmart Connect License #475191288 Listed on: 08/01/2025

HomeSmart Connect

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,312

Year Built

  • Built in 1920

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 132 x 67

Home Design

  • American Four Square Architecture
  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 11 Potential Bedrooms
  • 4 Bathrooms

Basement

  • Basement Fills Entire Space Under The House

Parking

  • 11 Parking Spaces
  • Parking Lot
  • Parking Included in Price
  • Assigned Parking
  • Unassigned Parking

Schools

  • Ronald D O'neal Elementary Schoo
  • Kimball Middle School
  • Larkin High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • 4 Units
  • Insurance Expense $8,419

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,312

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: American 4-Sq.
  • New Construction: No
  • Year Built: 1920
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished, Full
  • Total Bathrooms: 4
  • Total Bedrooms: 11
  • Other Equipment: Water Heater-Gas
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer
  • AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer

Exterior Features

  • Construction Materials: Frame, Stucco
  • Foundation Details: Concrete Perimeter
  • Roof: Asphalt
  • Waterfront: No

Garage/Parking

  • Parking Features: Assigned, Unassigned, Guest, Parking Lot, Yes, Owned
  • ParkingTotal: 11

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Schools

  • Elementary School: Ronald D O'Neal Elementary Schoo
  • High School: Larkin High School
  • Middle/Junior School: Kimball Middle School

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.2
  • Lot Dimensions: 132 X 67
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 2
  • Is Parking Included in Price: Yes
  • TenantPays: Electric

Multi Family

  • Insurance Expense: 8419
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 8312
  • Tax Year: 2024
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2025
Closed on
Oct 27, 2025
Sold by
Schulz Thomas
Bought by
Gifford Place Properties Llc
Seller's Agent
Andy Walton
HomeSmart Connect
Buyer's Agent
Andy Walton
HomeSmart Connect
List Price
$595,000
Sold Price
$575,000
Premium/Discount to List
-$20,000
-3.36%
Views
82

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-95.19%
Original Mortgage
$431,250
Interest Rate
7.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 29, 2008
Sold by
Kraus Helena
Bought by
Schulz Thomas and Umlauf Schulz Catherine A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 19, 2005
Sold by
Garcia Pedro
Bought by
Kraus Helena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,000
Interest Rate
6.48%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 10, 2002
Sold by
Garcia Pedro and Garcia Aurea
Bought by
Garcia Pedro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,652
Interest Rate
6.1%

Purchase Details

Closed on
Sep 3, 1996
Sold by
Mendez Samuel
Bought by
Garcia Pedro and Garcia Aurea

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,084
Interest Rate
8%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 27, 1996
Sold by
Mendez Nereida
Bought by
Mendez Samuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,084
Interest Rate
8%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Warranty Deed $575,000 First American Title
Warranty Deed $250,000 Ticor Title Insurance Co
Warranty Deed $440,000 Multiple
Interfamily Deed Transfer -- First American Title Ins Co
Warranty Deed $106,500 --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $431,250 New Conventional
Previous Owner $200,000 Purchase Money Mortgage
Previous Owner $352,000 Fannie Mae Freddie Mac
Previous Owner $152,652 No Value Available
Previous Owner $106,084 FHA
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/24/2025 11/24/25 Sold $575,000 -3.4% --
08/11/2025 08/11/25 Pending -- -- --
08/01/2025 08/01/25 For Sale $595,000 -- --
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 $8,312 $103,861 $16,747 $87,114
2023 $7,999 $93,831 $15,130 $78,701
2022 $6,853 $79,034 $13,796 $65,238
2021 $6,592 $73,891 $12,898 $60,993
2020 $6,434 $70,540 $12,313 $58,227
2019 $6,276 $67,194 $11,729 $55,465
2018 $6,258 $63,301 $11,049 $52,252
2017 $6,155 $59,842 $10,445 $49,397
2016 $5,921 $55,517 $9,690 $45,827
2015 -- $50,887 $8,882 $42,005
2014 -- $50,258 $8,772 $41,486
2013 -- $51,583 $9,003 $42,580
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12432935

Midwest Real Estate Data (MRED)

APN: 06-14-238-015