NOT LISTED FOR SALE

271 Lessenden Place Elgin, IL 60120

Elgin National Watch Historic District Neighborhood

Estimated Value: $396,000 - $439,000

6 Beds
3 Baths
-- Sq Ft
9,104 Sq Ft Lot

Sale Details

Date Sold: March 19, 2024

Last sale price $376,000

Est. 12% increase in value since last sale

Current estimated payment $3,071 / mo

2 Days on Market

Highlights

  • Fenced Yard
  • 3 Car Detached Garage
  • Heating System Uses Steam

About This Home

As of March 2024

Amazing investment opportunity with this 2 unit rental property grossing $3700/mo!! This property was completely remodeled in 2013 with all new plumbing, electric and cosmetically as well! Huge lot is fenced in with views of Fox River! Great location near Downtown Elgin and Fox River. Property is being sold as/is since the exterior needs some TLC.

Last Agent to Sell the Property

Amy Adorno Burley

Executive Realty Group LLC License #475138189 Listed on: 02/02/2024

Executive Realty Group LLC

Co-Listed By

Joseph Burley

Executive Realty Group LLC License #475160269

Last Buyer's Agent

Romeo Lopez

CENTURY 21 New Heritage West License #475192055

CENTURY 21 New Heritage West

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,643

Year Built

  • Built in 1904 | Remodeled in 2013

Lot Details

  • Lot Dimensions are 50x182
  • Fenced Yard

Parking

  • 3 Car Detached Garage

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 3 Bathrooms

Additional Features

  • Basement Fills Entire Space Under The House
  • Heating System Uses Steam

Community Details

Overview

  • 2 Units

Building Details

  • Gross Income $44,400
  • Net Operating Income $35,957

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,643

Year Built

Built in 1904 | Remodeled in 2013

Lot Details

9,104 Sq Ft Lot

Parking

3

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1904
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2013
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2013

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 6
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0

Exterior Features

  • Lot Features: Fenced Yard
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 3
  • ParkingTotal: 3
  • Garage On-Site: Yes
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Steam
  • Water Source: Public

Lot Info

  • Lot Dimensions: 50X182
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Multi Family

  • Net Operating Income: 35957
  • GrossIncome: 44400
  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 6643
  • Tax Year: 2022

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

Listed on
Sep 5, 2013
Closed on
Nov 27, 2013
Sold by
Fannie Mae
Bought by
Seller's Agent
Kevin Schudel
Buy It Inc
Buyer's Agent
Amy Adorno Burley
Executive Realty Group LLC
List Price
$69,900
Sold Price
$63,900
Premium/Discount to List
-$6,000
-8.58%
Current Estimated Value
$420,214

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$356,314
Avg. Annual Appreciation
15.91%

Purchase Details

Closed on
Sep 24, 2012
Sold by
Lewis Michael and Lewis Karen
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Dec 2, 1999
Sold by
Hud
Bought by
Lewis Michael and Lewis Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,900
Interest Rate
7.7%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 7, 1996
Sold by
Cygan Donald
Bought by
Kniskern Steven H
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Elgin National Watch Historic District, IL

  • Monica Vargas Real Estate Agent - GREAT HOMES REAL ESTATE, INC.

    Monica Vargas

    GREAT HOMES REAL ESTATE, INC.

    (224) 246-8148

    179 Total Sales

    2 in Elgin National Watch Historic District

    $160K - $289K Price Range

    Monica Vargas
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  • Jesse Singh Real Estate Agent - RE/MAX SAWA

    Jesse Singh

    RE/MAX SAWA

    (331) 241-6928

    134 Total Sales

    1 in Elgin National Watch Historic District

    $195,000 Price

    Jesse Singh
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  • Elizabeth Thompson Real Estate Agent - Coldwell Banker Realty

    Elizabeth Thompson

    Responds Quickly

    Coldwell Banker Realty

    (844) 755-6681

    100 Total Sales

    1 in Elgin National Watch Historic District

    $120,000 Price

    Elizabeth Thompson
     Section Image
  • Wincy Mathew Real Estate Agent - @properties Christie's International Real Estate

    Wincy Mathew

    Responds Quickly

    @properties Christie's International Real Estate

    (224) 412-3514

    44 Total Sales

    1 in Elgin National Watch Historic District

    $20,000 Price

    Wincy Mathew
     Section Image
  • Nicholas Rhoads Real Estate Agent - HomeSmart Connect LLC

    Nicholas Rhoads

    HomeSmart Connect LLC

    (815) 981-4286

    62 Total Sales

    2 in Elgin National Watch Historic District

    $197,500 Price Range

    Nicholas Rhoads
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  • Matt Lysien Real Estate Agent - Suburban Life Realty, Ltd

    Matt Lysien

    Suburban Life Realty, Ltd

    (224) 315-8087

    522 Total Sales

    4 in Elgin National Watch Historic District

    $130K - $320K Price Range

    Matt Lysien
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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
$64,000 Attorneys Title Guaranty Fun
Federal National Mortgage Association -- None Available
Lewis Michael -- --
Kniskern Steven H $145,000 Century Title Co
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
Open $357,200
Previous Owner Lewis Michael $225,000
Previous Owner Lewis Michael $15,000
Previous Owner Lewis Michael $228,000
Previous Owner Lewis Michael $207,000
Previous Owner Lewis Michael $132,944
Previous Owner Lewis Michael $127,872
Previous Owner Lewis Michael $128,900
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
03/19/2024 03/19/24 Sold $376,000 +1.6% --
02/05/2024 02/05/24 Pending -- -- --
02/02/2024 02/02/24 For Sale $369,900 -- --
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 $9,031 $118,372 $14,016 $104,356
2024 $9,031 $109,029 $12,910 $96,119
2023 $7,715 $98,499 $11,663 $86,836
2022 $6,643 $82,616 $10,635 $71,981
2021 $6,356 $77,240 $9,943 $67,297
2020 $6,178 $73,737 $9,492 $64,245
2019 $6,000 $70,239 $9,042 $61,197
2018 $5,979 $66,169 $8,518 $57,651
2017 $5,817 $62,554 $8,053 $54,501
2016 $5,549 $58,033 $7,471 $50,562
2015 -- $53,193 $6,848 $46,345
2014 -- $52,536 $6,763 $45,773
2013 -- $53,921 $6,941 $46,980
Source: Public Records

Agents Affiliated with this Home

  • Amy Adorno Burley Real Estate Agent - Executive Realty Group LLC

    Seller's Agent in 2024

    Amy Adorno Burley

    Executive Realty Group LLC

    (630) 881-8221

    1 in this area

    213 Total Sales

    Amy Adorno Burley
    Section Image
  • Joseph Burley Real Estate Agent - Executive Realty Group LLC

    Seller Co-Listing Agent in 2024

    Joseph Burley

    Executive Realty Group LLC

    (847) 312-4888

    1 in this area

    147 Total Sales

    Joseph Burley
    Section Image
  • Romeo Lopez Real Estate Agent - CENTURY 21 New Heritage West

    Buyer's Agent in 2024

    Romeo Lopez

    CENTURY 21 New Heritage West

    (847) 834-1434

    1 in this area

    72 Total Sales

    Romeo Lopez
    Section Image
  • Kevin Schudel Real Estate Agent - Buy It Inc

    Seller's Agent in 2013

    Kevin Schudel

    Buy It Inc

    (847) 833-2337

    6 Total Sales

    Kevin Schudel
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11972628

Midwest Real Estate Data (MRED)

APN: 06-24-177-003

Illinois Kane County Elgin 60120 Elgin National Watch Historic District

271 Lessenden Place, Elgin, IL

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.

Midwest Real Estate Data (MRED) 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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