NOT LISTED FOR SALE

Estimated Value: $584,000 - $795,051

9 Beds
9 Baths
-- Sq Ft
4,356 Sq Ft Lot

Last Sold July 15, 2021

Last sale price $700,000

Est. 1% decrease in value since last sale

Current estimated payment $5,098/month

14 Days on Market

About This Home

As of July 2021

Money-maker investment opportunity!! 307, 309 and 311 Dupage Street. FANTASTIC 9-unit rental property in an ideal downtown Elgin location. Close to just about everything. Each nicely-sized unit has 1 bedroom, 1 bathroom, kitchen, and living room, as well their own furnace and a/c unit. Charming historical building with appeal both inside and out. 2 washers & 2 dryers in building (owned) and convenient parking. PRE-APPROVED BUYERS ONLY!!

Last Agent to Sell the Property

Sandy Klemm

Real People Realty License #475167083 Listed on: 06/10/2021

Real People Realty

Last Buyer's Agent

Arif Molla

Milestone Real Estate, LLC License #471020830

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,263

Year Built

  • Built in 1880

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 66x66

Interior Spaces

  • 3-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 9 Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity, heat

Community Details

Overview

  • 9 Units

Building Details

  • Electric Expense $500
  • Fuel Expense $1,200
  • Insurance Expense $4,200
  • Maintenance Expense $2,000
  • Trash Expense $1,200
  • Water Sewer Expense $4,800
  • Operating Expense $13,664
  • Gross Income $74,400
  • Net Operating Income $57,496

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,263

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Other
  • Stories: 3
  • Year Built: 1880
  • Built Before 1978 (Y/N): Yes
  • New Construction Y/N: No
  • Information: 24-Hr Notice Required
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 9
  • Total Bedrooms: 9
  • Basement Description: Unfinished
  • Fireplaces: 2
  • Refrigerators: 9
  • Ranges: 9
  • Number of Washers: 2
  • Room: 0

Exterior Features

  • Frontage Type: City Street

Utilities

  • Cooling: Central Air
  • Heat/Ventilation: Forced Air,Gas
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Conversion YN: N

Fee Information

  • Trash Expense: 1200
  • Water Sewer Expenses: 4800

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.1
  • Lot Dimensions: 66X66
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity, Heat
  • Board Number: 3
  • Tenancy Type: Leases

Multi Family

  • Net Operating Income: 57496
  • Fuel Expense: 1200
  • Insurance Expense: 4200
  • ElectricExpense: 500
  • GrossIncome: 74400
  • Maintenance Expense: 2000
  • NumberOfUnitsTotal: 9
  • OperatingExpense: 13664
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 15263
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 27, 2025
Sold by
Kukreja Subhash and Kukreja Neera
Bought by
Subhash And Neera Kukreja Granior Trust
Current Estimated Value
$689,526

Purchase Details

Listed on
Jun 10, 2021
Closed on
Jul 13, 2021
Sold by
Francisco Morfin And Alma Morfin 2017 Re
Bought by
Kukreja Subhash and Kukreja Neera
Seller's Agent
Sandy Klemm
Real People Realty
Buyer's Agent
Arif Molla
Milestone Real Estate, LLC
List Price
$750,000
Sold Price
$700,000
Premium/Discount to List
-$50,000
-6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.33%

Purchase Details

Closed on
Oct 20, 2017
Sold by
Morfin Francisco and Morfin Alma
Bought by
Morfin Francisco and Morfin Alma

Purchase Details

Closed on
Mar 12, 2015
Sold by
Federal Deposit Insurance Corporation
Bought by
Providence Bank Llc and Providence Bank & Trust

Purchase Details

Closed on
Feb 1, 2012
Sold by
Parkway Bank And Trust Co
Bought by
Morfin Francisco

Purchase Details

Closed on
Feb 6, 2004
Sold by
Vmr Development Llc
Bought by
Parkway Bank & Trust Co and Trust #13718

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$371,200
Interest Rate
5.74%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 3, 2003
Sold by
Midwest Bank & Trust Co
Bought by
Vmr Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,000
Interest Rate
6.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 18, 2000
Sold by
Padilla Peter
Bought by
Franco Pedro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
7.98%
Mortgage Type
Commercial
Source: Public Records
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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
Subhash And Neera Kukreja Granior Trust -- None Listed On Document
Kukreja Subhash $700,000 None Listed On Document
Morfin Francisco -- Attorney
Providence Bank Llc -- None Available
Morfin Francisco -- None Available
Parkway Bank & Trust Co $464,000 Chicago Title Insurance Comp
Vmr Development Llc $420,000 Chicago Title Insurance Co
Franco Pedro $200,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Parkway Bank & Trust Co $371,200
Previous Owner Vmr Development Llc $348,000
Previous Owner Franco Pedro $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/15/2021 07/15/21 Sold $700,000 -6.7% --
06/26/2021 06/26/21 Pending -- -- --
06/11/2021 06/11/21 For Sale $750,000 -- --
Source: Midwest Real Estate Data (MRED)

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 $18,216 $227,624 $29,763 $197,861
2023 $17,530 $205,641 $26,889 $178,752
2022 $16,259 $187,509 $24,518 $162,991
2021 $15,640 $175,308 $22,923 $152,385
2020 $15,264 $167,359 $21,884 $145,475
2019 $14,889 $159,420 $20,846 $138,574
2018 $13,165 $133,155 $19,638 $113,517
2017 $1,362,852 $132,504 $19,542 $112,962
2016 $13,110 $122,928 $18,130 $104,798
2015 -- $112,675 $16,618 $96,057
2014 -- $111,284 $16,413 $94,871
2013 -- $114,219 $16,846 $97,373
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11119194

Midwest Real Estate Data (MRED)

APN: 06-13-308-002

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