$265,000
SOLD SEP 23, 2022

310 Hill Ave Elgin, IL 60120

4 Beds
3 Baths
-- Sq Ft
8,276 Sq Ft Lot

Recently Sold

2% Below List Price

29 Days on Market

About This Home

As of September 2022

Instant cash flow! Fully rented and tenants would love to stay. Hurry in to see this well-maintained and updated multi-unit! Both units are 2 bed/1 bath and the 2nd unit is fully renovated. Water heaters replaced in 2020 and 2021. Don't forget to check out the large detached garage! Located across from the elementary school and close to downtown and grocery stores. AS-IS.

Last Agent to Sell the Property

George Maldonado

George Maldonado License #471020509 Listed on: 07/18/2022

Last Buyer's Agent

Andy Quiroz

Diamond Homes Realty License #475102796

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,506

Year Built

  • Built in 1900 | Remodeled in 2021

Parking

  • 2 Car Detached Garage
  • Driveway
  • Parking Space is Owned

Home Design

  • Aluminum Siding

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 3 Bathrooms

Additional Features

  • Partial Basement
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,506

Year Built

Built in 1900 | Remodeled in 2021

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1900
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2021
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2021

Interior Features

  • Basement: Partial
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Basement Description: Partially Finished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Garage/Space
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Garage/Space

Exterior Features

  • List Price: 269999
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Driveway
  • ParkingTotal: 4
  • Number of Cars: 6
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Public

Schools

  • Middle/Junior School District: 46

Lot Info

  • Lot Dimensions: LESS THAN .25 ACRE
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 2

Tax Info

  • Tax Annual Amount: 3505.96
  • Tax Year: 2021

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat,2 Story Unit/s,Converted Residence

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2022
Closed on
Aug 29, 2022
Sold by
Noravong Alyssa N
Bought by
Morales Juan
Seller's Agent
George Maldonado
George Maldonado
Buyer's Agent
Andy Quiroz
Diamond Homes Realty
List Price
$269,999
Sold Price
$265,000
Premium/Discount to List
-$4,999
-1.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.27%
Original Mortgage
$246,450
Outstanding Balance
$237,703
Interest Rate
6.38%
Mortgage Type
New Conventional
Estimated Equity
$85,956

Purchase Details

Closed on
Aug 19, 2020
Sold by
Keomuongchanh Prathana
Bought by
Keomuongchanh Prathana and Noravong Alyssa N
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $265,000 Fidelity National Title
Interfamily Deed Transfer -- Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $246,450 New Conventional
Previous Owner $110,250 New Conventional
Previous Owner $130,000 Stand Alone First
Previous Owner $75,000 Unknown
Previous Owner $34,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2025 06/17/25 Pending -- -- --
06/11/2025 06/11/25 For Sale $319,000 +20.4% --
09/23/2022 09/23/22 Sold $265,000 -1.9% --
08/17/2022 08/17/22 Pending -- -- --
08/12/2022 08/12/22 For Sale $269,999 +1.9% --
07/26/2022 07/26/22 Off Market $265,000 -- --
07/18/2022 07/18/22 For Sale $269,999 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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 $4,989 $70,337 $15,016 $55,321
2023 $4,735 $63,544 $13,566 $49,978
2022 $4,145 $53,798 $12,370 $41,428
2021 $3,506 $50,297 $11,565 $38,732
2020 $2,117 $48,017 $11,041 $36,976
2019 $3,245 $45,739 $10,517 $35,222
2018 $3,173 $43,089 $9,908 $33,181
2017 $3,058 $40,735 $9,367 $31,368
2016 $2,476 $37,791 $8,690 $29,101
2015 -- $34,639 $7,965 $26,674
2014 -- $34,212 $7,867 $26,345
2013 -- $35,115 $8,075 $27,040
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11467455

Midwest Real Estate Data (MRED)

APN: 06-13-203-024