NOT LISTED FOR SALE

311 E Chicago St Elgin, IL 60120

Gifford Park Neighborhood

Estimated Value: $412,000 - $468,000

6 Beds
4 Baths
-- Sq Ft
3,485 Sq Ft Lot

Sale Details

Date Sold: November 14, 2023

Last sale price $400,000

Est. 11% increase in value since last sale

Current estimated payment $3,043 / mo

5 Days on Market

Highlights

  • Deck
  • Paved or Partially Paved Lot
  • 3-minute walk to James T Gifford Park
  • Forced Air Heating System

About This Home

As of November 2023

FANTASTIC, FOUR-UNIT INVESTMENT OPPORTUNITY!! Great money making potential with this building! Fully rented, rare 4-unit building with great rents! The building is a such a fantastic location! Walking distance to downtown Elgin and all it has to offer such as shops, restaurants, public transportation, and so much more! You won't want to miss out on this opportunity! Hurry and schedule your showing today!

Last Agent to Sell the Property

Matt Lysien

Suburban Life Realty, Ltd License #471003181 Listed on: 10/11/2023

Last Buyer's Agent

Enrique Rios

Chicagoland Brokers Inc. License #475160217

Chicagoland Brokers Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,475

Year Built

  • Built in 1900

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 50x80x50x81
  • Paved or Partially Paved Lot

Home Design

  • Asphalt Roof
  • Cedar

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 4 Bathrooms

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Schools

  • Channing Memorial Elementary Sch
  • Ellis Middle School
  • Elgin High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • 3-Story Property
  • Deck

Community Details

Overview

  • 4 Units

Building Details

  • Water Sewer Expense $1,500
  • Gross Income $60,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,475

Year Built

Built in 1900

Lot Details

3,485 Sq Ft Lot

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: School Bus Service,Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Walkout
  • Total Bathrooms: 4
  • Total Bedrooms: 6
  • Basement Description: Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0

Exterior Features

  • ExteriorFeatures: Deck
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Cedar

Garage/Parking

  • Number of Cars: 0
  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved

Fee Information

  • Water Sewer Expenses: 1500

Schools

  • Elementary School: Channing Memorial Elementary Sch
  • High School: Elgin High School
  • Middle/Junior School: Ellis Middle School

Lot Info

  • Lot Size Acres: 0.08
  • Lot Dimensions: 50X80X50X81
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 5

Multi Family

  • GrossIncome: 60600
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Story Unit/s

Tax Info

  • Tax Annual Amount: 6475.26
  • Tax Year: 2022
  • Tax Exemptions: None

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
Oct 11, 2023
Closed on
Nov 7, 2023
Sold by
Bought by
Seller's Agent
Matt Lysien
Suburban Life Realty, Ltd
Buyer's Agent
Enrique Rios
Chicagoland Brokers Inc.
List Price
$380,000
Sold Price
$400,000
Premium/Discount to List
$20,000
5.26%
Views
41
Current Estimated Value
$442,746

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,746
Avg. Annual Appreciation
3.98%
Original Mortgage
$320,000
Outstanding Balance
$315,519
Interest Rate
8.63%
Mortgage Type
New Conventional
Estimated Equity
$127,227

Purchase Details

Listed on
Oct 25, 2018
Closed on
Dec 5, 2018
Sold by
Bought by
Seller's Agent
Edward Liss
Triton Realty Group LLC
Buyer's Agent
Matt Lysien
Suburban Life Realty, Ltd
List Price
$225,000
Sold Price
$215,000
Premium/Discount to List
-$10,000
-4.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.39%
Original Mortgage
$161,250
Interest Rate
5.87%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 25, 2018
Closed on
Nov 26, 2018
Sold by
Bought by
Seller's Agent
Edward Liss
Triton Realty Group LLC
Buyer's Agent
Matt Lysien
Suburban Life Realty, Ltd
List Price
$225,000
Sold Price
$215,000
Premium/Discount to List
-$10,000
-4.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,250
Interest Rate
5.87%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 25, 2018
Closed on
Nov 21, 2018
Sold by
Bought by
Seller's Agent
Edward Liss
Triton Realty Group LLC
Buyer's Agent
Matt Lysien
Suburban Life Realty, Ltd
List Price
$225,000
Sold Price
$215,000
Premium/Discount to List
-$10,000
-4.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,250
Interest Rate
5.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 26, 2007
Sold by
Bought by

Purchase Details

Closed on
Jul 11, 2006
Sold by
Bought by

Purchase Details

Closed on
Jan 20, 2006
Sold by
Bought by

Purchase Details

Closed on
Mar 4, 2005
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
$186,250
Interest Rate
5.87%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 26, 2004
Sold by
Bought by

Purchase Details

Closed on
Oct 27, 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
$640,000
Interest Rate
6.1%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 26, 2002
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
$202,500
Interest Rate
6.79%

Purchase Details

Closed on
Mar 15, 2002
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
$1,320,000
Interest Rate
7%

Purchase Details

Closed on
Apr 1, 2001
Sold by
Bought by

Purchase Details

Closed on
Mar 14, 1997
Sold by
Bought by

Purchase Details

Closed on
Aug 29, 1995
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
$367,500
Interest Rate
7.55%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

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
$400,000 Fidelity National Title
$215,000 Attorneys Title Guaranty Fun
-- Multiple
-- Chicago Title
-- Attorneys Title Guaranty Fun
$178,500 Atg
-- None Available
$275,000 First American Title Ins Co
-- --
$866,000 Stewart Title Company
$225,000 --
-- Stewart Title Company
$571,000 --
-- Law Title Insurance Co Inc
-- Century Title Co
-- Century Title Co
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 $320,000
Previous Owner $161,250
Previous Owner $186,250
Previous Owner $640,000
Previous Owner $202,500
Previous Owner $1,320,000
Previous Owner $367,500
Closed --
Closed $75,000
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
11/14/2023 11/14/23 Sold $400,000 +5.3% --
10/17/2023 10/17/23 Pending -- -- --
10/11/2023 10/11/23 For Sale $380,000 +76.7% --
12/07/2018 12/07/18 Sold $215,000 -4.4% -- View Prior Sale
11/03/2018 11/03/18 Pending -- -- --
10/25/2018 10/25/18 For Sale $225,000 -- --
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
2024 $7,869 $98,326 $13,918 $84,408
2023 $7,572 $88,830 $12,574 $76,256
2022 $6,475 $74,676 $11,465 $63,211
2021 $6,229 $69,817 $10,719 $59,098
2020 $6,079 $66,651 $10,233 $56,418
2019 $5,930 $63,490 $9,748 $53,742
2018 $4,631 $52,839 $9,183 $43,656
2017 $4,521 $49,952 $8,681 $41,271
2016 $4,303 $46,342 $8,054 $38,288
2015 -- $42,476 $7,382 $35,094
2014 -- $41,952 $7,291 $34,661
2013 -- $43,058 $7,483 $35,575
Source: Public Records

Agents Affiliated with this Home

  • Matt Lysien

    Seller's Agent in 2023

    Matt Lysien

    Suburban Life Realty, Ltd

    (847) 309-6939

    1 in this area

    519 Total Sales

    Matt Lysien
    Section Image
  • Enrique Rios

    Buyer's Agent in 2023

    Enrique Rios

    Chicagoland Brokers Inc.

    (224) 465-5099

    1 in this area

    11 Total Sales

    Enrique Rios
    Section Image

  • E

    Seller's Agent in 2018

    Edward Liss

    Triton Realty Group LLC

    (630) 251-4110

    19 Total Sales

    Edward Liss
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11902081

Midwest Real Estate Data (MRED)

APN: 06-13-304-004

Illinois Kane County Elgin 60120 Gifford Park

311 E Chicago St, Elgin, IL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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