Seller's Agent in 2025
Marie Krajecki
Century 21 New Heritage - Hampshire
(630) 439-4800
1 in this area
2 Total Sales
292 Villa St Elgin, IL 60120
Downtown Elgin Neighborhood
--
Bed
--
Bath
5,211
Sq Ft
4,752
Sq Ft Lot
Highlights
- Property is near public transit
- Baseboard Heating
- Heating System Uses Steam
About This Home
As of August 2025292 Villa Street is a rare gem in the heart of Elgin's Historic District-offering both character and cash flow. In 2024, the building underwent a full facade restoration under the direction of a historical preservation expert, ensuring long-term curb appeal. In addition to the facade, the asphalt portion of the roof has been recently replaced. This fully occupied 6-unit building provides immediate income and built-in upside. Three of the six leases are set to expire within the next 18 months, creating a near-term opportunity to raise rents to market rates. Projected rental income has the potential to reach $91,200 by 2027, with rents increasing alongside the market. Each unit includes an assigned off-street parking space in the resurfaced and re-striped lot. 4 new water heaters have been installed this past year, along with new stoves and a refrigerator for select units. In addition to that, the front porch was recently replaced in 2023 to meet historic standards. Tenants pay their own gas and electric, and there is an additional shared space in the basement available for both tenant and landlord storage. There is also an opportunity to put in a coin-operated laundry for additional income. Location is a key asset: the property is walkable to downtown Elgin, the Metra commuter train, and the Grand Victoria Casino. Demand in this area remains consistently strong, resulting in low tenant turnover and rapid lease-up when vacancies occur.
Last Agent to Sell the Property
Century 21 New Heritage - Hampshire License #475159952 Listed on: 06/20/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,952
Year Built
- Built in 1890
Lot Details
- 4,752 Sq Ft Lot
- Lot Dimensions are 36x132
Parking
- 6 to 12 Parking Spaces
Home Design
- Stone Foundation
- Composition Roof
- Concrete Perimeter Foundation
Interior Spaces
- 5,211 Sq Ft Home
- 3-Story Property
Location
- Property is near public transit
Utilities
- Window Unit Cooling System
- Heating System Uses Gas
- Baseboard Heating
- Heating System Uses Steam
- Cable TV Available
Listing and Financial Details
- Tenant pays for electricity, heat
Community Details
Overview
- 6 Units
Building Details
- Insurance Expense $4,716
- Maintenance Expense $8,500
- Other Expense $1,320
- Trash Expense $1,200
- Water Sewer Expense $3,600
- Operating Expense $31,888
- Gross Income $83,400
- Net Operating Income $51,512
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 20, 2025
Closed on
Aug 8, 2025
Sold by
Starfish Properties Llc
Bought by
Pj Capital Holdings Llc
Seller's Agent
Marie Krajecki
Century 21 New Heritage - Hampshire
Buyer's Agent
Young Lee
Real Broker LLC
List Price
$630,000
Sold Price
$615,000
Premium/Discount to List
-$15,000
-2.38%
Views
16
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
71.94%
Purchase Details
Listed on
Oct 25, 2016
Closed on
Mar 27, 2017
Sold by
Izuierdo Patricio and Vargas Grace
Bought by
Starfish Properties Llc
Seller's Agent
Matt Lysien
Suburban Life Realty, Ltd
Buyer's Agent
Marie Krajecki
Century 21 New Heritage - Hampshire
List Price
$349,000
Sold Price
$285,000
Premium/Discount to List
-$64,000
-18.34%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.65%
Original Mortgage
$228,000
Interest Rate
4.16%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Aug 4, 2003
Sold by
Holland Billie R and Holland Brenda M
Bought by
Izquierdo Patricio and Vargas Grace
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $285,000 | Chicago Title Ins Co | |
| Warranty Deed | $350,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $430,000 | Credit Line Revolving | |
| Closed | $228,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $280,000 | Purchase Money Mortgage | |
| Previous Owner | $352,000 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/08/2025 08/08/25 | Sold | $615,000 | -2.4% | $118 / Sq Ft |
| 06/29/2025 06/29/25 | Pending | -- | -- | -- |
| 06/20/2025 06/20/25 | For Sale | $630,000 | +121.1% | $121 / Sq Ft |
| 07/06/2017 07/06/17 | Off Market | $285,000 | -- | -- |
| 04/04/2017 04/04/17 | Sold | $285,000 | -18.3% | $55 / Sq Ft |
| 01/12/2017 01/12/17 | Pending | -- | -- | -- |
| 10/25/2016 10/25/16 | For Sale | $349,000 | -- | $67 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $11,953 | $149,355 | $13,223 | $136,132 |
| 2023 | $11,502 | $134,931 | $11,946 | $122,985 |
| 2022 | $10,668 | $123,034 | $10,893 | $112,141 |
| 2021 | $10,262 | $115,028 | $10,184 | $104,844 |
| 2020 | $10,015 | $109,812 | $9,722 | $100,090 |
| 2019 | $9,770 | $104,603 | $9,261 | $95,342 |
| 2018 | $9,742 | $98,542 | $8,724 | $89,818 |
| 2017 | $10,086 | $98,060 | $8,681 | $89,379 |
| 2016 | $9,702 | $90,974 | $8,054 | $82,920 |
| 2015 | $9,654 | $83,386 | $7,382 | $76,004 |
| 2014 | $9,654 | $82,357 | $7,291 | $75,066 |
| 2013 | $9,654 | $84,529 | $7,483 | $77,046 |
Source: Public Records
Agents Affiliated with this Home
-
Marie Krajecki
-
Young Lee
Buyer's Agent in 2025
Young Lee
Real Broker LLC
(847) 496-0062
1 in this area
196 Total Sales
-
Matt Lysien
Seller's Agent in 2017
Matt Lysien
Suburban Life Realty, Ltd
(847) 309-6939
26 in this area
522 Total Sales
-
Brian Gentzle
Seller Co-Listing Agent in 2017
Brian Gentzle
Coldwell Banker Realty
(773) 339-2478
158 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12396646
APN: 06-13-380-011
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