NOT LISTED FOR SALE

Estimated Value: $697,000 - $823,715

18 Beds
12 Baths
-- Sq Ft
8,276 Sq Ft Lot

Last Sold January 12, 2016

Last sale price $385,000

Est. 97% increase in value since last sale

Current estimated payment $5,534/month

231 Days on Market

About This Home

As of January 2016

This charming vintage loft is nestled on a historic street just steps from downtown Elgin. Located in one of Elgin’s most iconic buildings, this prime corner unit has been beautifully restored. Everything has been freshly painted. You’ll enjoy floods of light from the huge new windows and soaring 10-foot ceilings. There’s a modern kitchen and bath, and newly hung vintage barn doors to separate the living and dining rooms. The original hardwood floors are still intact, and there’s even a cozy fireplace to add to the ambiance. Rent is just $1390, and $75 covers all utilities (water, sewer, trash, gas) except electric. $1470 total. Private off-street parking and free onsite laundry are included. This prime corner unit will rent quickly, so try to book your showing early. Dogs and cats are welcome for a $35 monthly fee. Get in early, this place will rent quickly.

Last Agent to Sell the Property

Renee Anderson

Baird & Warner - Crystal Lake License #475145602 Listed on: 04/22/2015

Baird & Warner - Crystal Lake

Last Buyer's Agent

Ariel Marini

Berkshire Hathaway HomeServices Chicago License #475151565

Berkshire Hathaway HomeServices Chicago

Property Details

Home Type

  • Multi-Family

Year Built

  • 1900

Lot Details

  • 8,276

Home Design

  • Brick Exterior Construction

Partially Finished Basement

  • Exterior Basement Entry
  • Rough-In Basement Bathroom

Community Details

  • Fuel Expense $1,210
  • Insurance Expense $5,822

Listing and Financial Details

  • Tenant pays for electric, heat

Property Details

Home Type

Multi-Family

Year Built

1900

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Zoning Type: MULTI
  • Estimated Age: Older
  • Net Oper Income: 60434
  • Repairs Decor Expense: 4400
  • Scavenger Expense: 2217
  • Total Annual Exp: 35926
  • Total Annual Income: 96360
  • Total Monthly Income: 8030
  • Number of Ranges: 12
  • Number Of Refrigs: 12
  • Number Of Stories: 3
  • Estimated Year Built: 1900
  • Type Multi Family: Corridor-Interior Entrance
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1900

Interior Features

  • Basement: Partially Finished, Exterior Access, Bathroom Rough-In

Exterior Features

  • Exterior Building Type: Brick
  • Acreage: 0.19
  • Construction: Brick
  • Frontage Access: City Street

Garage/Parking

  • Number Of Parking Spaces: 7

Utilities

  • Heatventilation: Electric, Baseboard, Separate Per Unit
  • Water Expense: 4507

Condo/Co-op/Association

  • Units in Building: 12

Fee Information

  • Electricity Expense: 1046
  • Electrical Service: Circuit Breakers, Separate Meters, 101-200 Amps
  • Janitor Expense: 1320

Lot Info

  • Lot Dimensions: 8697 SQ FT
  • Parcel Identification Number: 0614238003

Rental Info

  • Gross Rental Income: 96360
  • Tenant Pays: Electric, Heat

Multi Family

  • Fuel Expense: 1210
  • Insurance Expense: 5822
  • Other Expenses: 970

Tax Info

  • Taxes: 14434

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2015
Closed on
Jan 12, 2016
Sold by
Elliott Janelle
Bought by
Douglas Grand Llc
Seller's Agent
Renee Anderson
Baird & Warner - Crystal Lake
Buyer's Agent
Ariel Marini
Berkshire Hathaway HomeServices Chicago
List Price
$595,000
Sold Price
$385,000
Premium/Discount to List
-$210,000
-35.29%
Current Estimated Value
$760,358

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$375,358
Avg. Annual Appreciation
7.06%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Douglas Grand Llc $385,000 Baird & Warner Title Svcs In
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/01/2025 09/01/25 For Rent $1,390 0.0% --
08/23/2025 08/23/25 Off Market $1,390 -- --
01/12/2016 01/12/16 Sold $385,000 -35.3% --
12/09/2015 12/09/15 Pending -- -- --
04/22/2015 04/22/15 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 $18,597 $232,377 $29,170 $203,207
2023 $17,896 $209,935 $26,353 $183,582
2022 $16,599 $191,424 $24,029 $167,395
2021 $15,967 $178,967 $22,465 $156,502
2020 $15,582 $170,851 $21,446 $149,405
2019 $15,200 $162,747 $20,429 $142,318
2018 $13,742 $138,997 $19,245 $119,752
2017 $14,226 $138,317 $19,150 $119,167
2016 $13,686 $128,321 $17,766 $110,555
2015 -- $128,984 $16,284 $112,700
2014 -- $127,392 $16,083 $111,309
2013 -- $130,752 $16,507 $114,245
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD08899635

Midwest Real Estate Data (MRED)

APN: 06-14-238-003