Seller's Agent in 2025
Marie Krajecki
Century 21 New Heritage - Hampshire
(630) 439-4800
1 in this area
3 Total Sales
292 Villa St Elgin, IL 60120
Downtown Elgin Neighborhood
2
Beds
--
Bath
600
Sq Ft
4,748
Sq Ft Lot
About This Home
292 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.
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
Jun 20, 2025
Closed on
Aug 8, 2025
Sold by
Bought by
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
3.82%
Purchase Details
Listed on
Oct 25, 2016
Closed on
Mar 27, 2017
Sold by
Bought by
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
Bought by
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
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| $615,000 | First American Title | ||
| $285,000 | Chicago Title Ins Co | ||
| $350,000 | -- |
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 |
|---|---|---|---|
| Previous Owner | $430,000 | ||
| Previous Owner | $228,000 | ||
| Previous Owner | $280,000 | ||
| Previous Owner | $352,000 |
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 |
|---|---|---|---|---|---|
| 08/08/2025 08/08/25 | Sold | $615,000 | -2.4% | $118 / Sq Ft | View Prior Sale |
| 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 | View Prior Sale |
| 01/12/2017 01/12/17 | Pending | -- | -- | -- | |
| 10/25/2016 10/25/16 | For Sale | $349,000 | -- | $67 / Sq Ft |
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 |
|---|---|---|---|---|
| 2024 | $12,371 | $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
145 Total Sales
-
Matt Lysien
Seller's Agent in 2017
Matt Lysien
Suburban Life Realty, Ltd
(847) 309-6939
24 in this area
524 Total Sales
-
Brian Gentzle
Seller Co-Listing Agent in 2017
Brian Gentzle
Suburban Life Realty, Ltd.
(773) 339-2478
116 Total Sales
Map
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