NOT LISTED FOR SALE

Estimated Value: $470,000 - $902,000

12 Beds
12 Baths
7,626 Sq Ft
$86/Sq Ft Est. Value

Sale Details

Date Sold: August 27, 2018

Last sale price $645,000 $85 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $4,824 / mo

95 Days on Market

Highlights

  • Forced Air Heating System
  • Hot Water Heating System
  • 4-minute walk to Elgin Station

About This Home

As of August 2018

EXTRAORDINARY OPPORTUNITY IN THIS INVESTOR'S DELIGHT MULTI-FAMILY PROPERTY!*** TWO BUILDINGS - 6 UNITS EACH - TWO PINS *** ENJOY THE FRUITS OF YOUR INVESTMENT IN THESE EASY TO MANAGE BUILDINGS! *** ALL UNITS ARE CURRENTLY OCCUPIED *** CURRENT RENT AMOUNTS ARE ON THE LOWER END *** TENANTS PAY ELECTRIC ONLY *** GREAT LOCATION FOR COMMUTERS *** WALKING DISTANCE FROM METRA STATION, BEAUTIFUL DOWN TOWN ELGIN AND OTHER PUBLIC TRANSPORTATION *** HURRY, THIS MONEY MACHINE WON'T LAST! 308 BUILDING WAS BUILT IN 1973 & 308 IN 1910.

Last Agent to Sell the Property

Esther Zamudio

Zamudio Realty Group License #471021065 Listed on: 02/20/2018

Last Buyer's Agent

Liwen She

Concentric Realty, Inc License #475179954

Concentric Realty, Inc
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,007

Year Built

  • Built in 1973

Lot Details

  • 12,540 Sq Ft Lot
  • Additional Parcels

Interior Spaces

  • 7,626 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Bathrooms

Utilities

  • Forced Air Heating System
  • Hot Water Heating System

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 12 Units

Building Details

  • Electric Expense $746
  • Fuel Expense $2,390
  • Insurance Expense $4,500
  • Trash Expense $1,049
  • Water Sewer Expense $4,112
  • Operating Expense $12,797
  • Gross Income $105,924
  • Net Operating Income $93,127

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,007

Year Built

Built in 1973

Lot Details

0.29 Acres

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 2
  • Year Built: 1973
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany
  • Estimated Age: 36-50 Years
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 12
  • Total Bedrooms: 12
  • Refrigerators: 12
  • Ranges: 12
  • Room: 0

Exterior Features

  • Frontage Type: City Street
  • Exterior Building Type: Brick,Block

Utilities

  • Heat/Ventilation: Forced Air,Hot Water
  • Leased Washer Dryer YN: Yes

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 1049
  • Water Sewer Expenses: 4112

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 70 X 132 & 50 X 66
  • Lot Size Sq Ft: 12540
  • Zoning: MULTI
  • Alternate Phone Number: (847) 508-7500

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 5

Building Info

  • BuildingAreaTotal: 7626

Multi Family

  • Net Operating Income: 93127
  • Fuel Expense: 2390
  • Insurance Expense: 4500
  • ElectricExpense: 746
  • GrossIncome: 105924
  • NumberOfUnitsTotal: 12
  • OperatingExpense: 12797
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 21007
  • Tax Year: 2016

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

Closed on
Mar 4, 2019
Sold by
Tongs Brothers Inc
Bought by
Current Estimated Value
$702,865

Purchase Details

Listed on
Feb 20, 2018
Closed on
Aug 27, 2018
Sold by
Vargas Patricio and Vargas Elvia
Bought by
Vargas Patricio and Vargas Elvia
Seller's Agent
Esther Zamudio
Zamudio Realty Group
Buyer's Agent
Liwen She
Concentric Realty, Inc
List Price
$669,900
Sold Price
$645,000
Premium/Discount to List
-$24,900
-3.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.19%
Original Mortgage
$514,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 18, 2017
Sold by
Vargas Patricio and Vargas Elvia
Bought by
Vargas Patricio and Vargas Elvia

Purchase Details

Closed on
Mar 21, 2006
Sold by
Naaf Theresa J and Naaf Walter E
Bought by
Vargas Patricio and Vargas Elvia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
6.33%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 3, 2002
Sold by
Johnston Michael J
Bought by
Theresa J & Walter E Naaf Jr Trust and Rdn Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$428,000
Interest Rate
5.62%

Purchase Details

Closed on
Jun 10, 1998
Sold by
Johnston Geraldine M
Bought by
Johnston Michael J

Purchase Details

Closed on
Apr 9, 1996
Sold by
Union National Bank & Trust Co Of Elgin
Bought by
Johnston Geraldine M
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Near West Elgin, IL

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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
-- Attorney
Vargas Patricio $645,000 Attorney
Vargas Patricio -- Chicago Title Ins Co
Vargas Patricio $300,000 First American Title
Theresa J & Walter E Naaf Jr Trust $535,000 --
Johnston Michael J $202,000 Chicago Title Insurance Co
Johnston Geraldine M -- --
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 $443,681
Previous Owner Vargas Patricio $514,000
Previous Owner Vargas Patricio $225,000
Previous Owner Theresa J & Walter E Naaf Jr Trust $428,000
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
08/27/2018 08/27/18 Sold $645,000 -3.7% $85 / Sq Ft
05/26/2018 05/26/18 Pending -- -- --
05/01/2018 05/01/18 For Sale $669,900 0.0% $88 / Sq Ft
04/28/2018 04/28/18 Pending -- -- --
02/20/2018 02/20/18 For Sale $669,900 -- $88 / Sq Ft
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 $11,351 $148,781 $17,760 $131,021
2024 $11,351 $137,037 $16,358 $120,679
2023 $10,554 $123,802 $14,778 $109,024
2022 $9,789 $112,886 $13,475 $99,411
2021 $9,416 $105,540 $12,598 $92,942
2020 $9,189 $100,754 $12,027 $88,727
2019 $8,964 $95,974 $11,456 $84,518
2018 $7,912 $80,028 $10,792 $69,236
2017 $8,278 $80,484 $10,853 $69,631
2016 $8,729 $81,846 $10,069 $71,777
2015 -- $75,019 $9,229 $65,790
2014 -- $74,093 $9,115 $64,978
2013 -- $76,047 $9,355 $66,692
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09861937

Midwest Real Estate Data (MRED)

APN: 06-14-408-012

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