NOT LISTED FOR SALE

310 N Gifford St Elgin, IL 60120

Estimated Value: $258,000 - $311,000

5 Beds
2 Baths
-- Sq Ft
8,189 Sq Ft Lot

Last Sold June 02, 2022

Last sale price $220,000

Est. 28% increase in value since last sale

Current estimated payment $1,891/month

3 Days on Market

Highlights

  • Fenced Yard
  • Balcony
  • 2 Car Detached Garage

About This Home

As of June 2022

GREAT INCOME PROPERTY!!! BRING YOUR DECORATING IDEAS A MAKE THIS YOUR BEST INVESTMENT. TENANTS WILL PAY YOUR MORTGAGE AND HAVE EXTRA CASH FLOW. 3 BEDROOMS AND 2 BEDROOMS WITH A 2 CAR GARAGE & FENCED-IN YARD PLUS A LONG DRIVEWAY FOR EXTRA PARKING. LONG-TERM TENANTS DUE TO VERY LOW RENTS.

Last Agent to Sell the Property

Esther Zamudio

Zamudio Realty Group License #471021065 Listed on: 03/26/2022

Last Buyer's Agent

Martha Pineres

Felmar Realty, Inc. License #471017350

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,618

Year Built

  • Built in 1890

Lot Details

  • Lot Dimensions are 66 x 124
  • Fenced Yard

Parking

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

Home Design

  • Asphalt Roof

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 2 Bathrooms

Additional Features

  • Basement Fills Entire Space Under The House
  • Balcony
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Listing and Financial Details

  • Homeowner Tax Exemptions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,618

Year Built

Built in 1890

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: 1890
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Interstate Access,Adult Community
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 5
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • ExteriorFeatures: Balcony
  • List Price: 224900
  • Lot Features: Fenced Yard
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Other

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

  • Additional Parcels: No
  • Lot Dimensions: 66 X 124
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 5

Tax Info

  • Tax Annual Amount: 3617.5
  • Tax Year: 2020
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2022
Closed on
May 26, 2022
Sold by
Perez Victor and Perez Kristen
Bought by
Castro Juan
Seller's Agent
Esther Zamudio
Zamudio Realty Group
Buyer's Agent
Martha Pineres
Felmar Realty, Inc.
List Price
$224,900
Sold Price
$220,000
Premium/Discount to List
-$4,900
-2.18%
Current Estimated Value
$282,600

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,600
Avg. Annual Appreciation
7.81%

Purchase Details

Closed on
Feb 14, 2008
Sold by
Perez Victor
Bought by
Perez Victor and Smith Perez Kristen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
5.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 28, 2006
Sold by
Cadena Rosaura
Bought by
Perez Victor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
8.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 11, 2005
Sold by
Cadena Rosoura and Sanchez Nelson
Bought by
Cadena Rosoura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
7.75%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 26, 2002
Sold by
Hernandez Juana and Chacon Osbaldo
Bought by
Cadena Rosoura and Sanchez Nelson

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,275
Interest Rate
7.24%
Mortgage Type
FHA

Purchase Details

Closed on
May 11, 2000
Sold by
Hernandez Jesus and Hernandez Juana
Bought by
Hernandez Juana and Chacon Osbaldo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,391
Interest Rate
8.24%

Purchase Details

Closed on
Aug 31, 1999
Sold by
Arreguin Carlos and Arreguin Maria
Bought by
Hernandez Juana and Hernandez Jesus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,779
Interest Rate
8.21%

Purchase Details

Closed on
Aug 18, 1997
Sold by
Hud
Bought by
Arreguin Carlos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,050
Interest Rate
7.26%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Castro Juan $220,000 Chicago Title
Perez Victor -- Chicago Title Insurance Co
Perez Victor $128,000 Multiple
Cadena Rosoura -- Citywide Title Corporation
Cadena Rosoura $170,000 Chicago Title Insurance Co
Hernandez Juana -- --
Hernandez Juana $125,000 --
Arreguin Carlos -- Stewart Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Perez Victor $165,000
Previous Owner Perez Victor $96,000
Previous Owner Cadena Rosoura $190,000
Previous Owner Cadena Rosoura $167,275
Previous Owner Hernandez Juana $131,391
Previous Owner Hernandez Juana $123,779
Previous Owner Arreguin Carlos $56,050
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/02/2022 06/02/22 Sold $220,000 -2.2% --
03/30/2022 03/30/22 Pending -- -- --
03/26/2022 03/26/22 For Sale $224,900 -- --
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 $4,716 $66,923 $13,956 $52,967
2023 $4,472 $60,460 $12,608 $47,852
2022 $3,916 $51,162 $11,496 $39,666
2021 $3,732 $47,833 $10,748 $37,085
2020 $3,618 $45,664 $10,261 $35,403
2019 $3,502 $43,498 $9,774 $33,724
2018 $3,458 $40,978 $9,208 $31,770
2017 $3,367 $38,739 $8,705 $30,034
2016 $3,193 $35,939 $8,076 $27,863
2015 -- $32,941 $7,402 $25,539
2014 -- $32,535 $7,311 $25,224
2013 -- $33,393 $7,504 $25,889
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11358037

Midwest Real Estate Data (MRED)

APN: 06-13-128-025