NOT LISTED FOR SALE

314 N Gifford St Elgin, IL 60120

Estimated Value: $311,000 - $352,000

6 Beds
3 Baths
-- Sq Ft
7,841 Sq Ft Lot

Last Sold July 15, 2022

Last sale price $270,000

Est. 21% increase in value since last sale

Current estimated payment $2,293/month

Highlights

  • Farmhouse Style Home
  • 2 Car Detached Garage
  • Forced Air Heating System
  • Lower Floor Utility Room
  • Porch
  • Paved or Partially Paved Lot

About This Home

As of July 2022

Cashflowing legal 3 unit in Elgin! Fully rented bringing in $2685 with room to raise rents, all units are on month to month leases. Close to downtown, shopping and transportation. SELLING AS-IS but seller says will make any/if lender required repairs to allow FHA financing.

Last Agent to Sell the Property

Henry Lazerow

Fulton Grace Realty License #475173812 Listed on: 04/28/2022

Fulton Grace Realty

Last Buyer's Agent

Anna Tanner

Bucktown Real Estate Inc License #475192847

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,146

Year Built

  • Built in 1900

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 51x160x52x160
  • Paved or Partially Paved Lot

Parking

  • 2 Car Detached Garage
  • Driveway
  • Off-Street Parking
  • Off Alley Parking
  • Parking Included in Price
  • Unassigned Parking

Home Design

  • Farmhouse Style Home
  • Frame Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 3 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Lower Floor Utility Room
  • Porch

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,146

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Farmhouse
  • New Construction: No
  • Year Built: 1900
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Historical District
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 6
  • Room Type: Utility Room-Lower Level
  • Basement Description: Unfinished,Exterior Access
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • ExteriorFeatures: Porch
  • Foundation Details: Concrete Perimeter
  • List Price: 279000
  • Lot Features: Dimensions to Center of Road
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Frame

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Unassigned, Off Alley, Off Street, 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, Forced Air
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • Middle/Junior School District: 46

Lot Info

  • Lot Size Acres: 0.18
  • Lot Dimensions: 51X160X52X160
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 5146
  • Tax Year: 2020
  • Tax Exemptions: None

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat,3 Story Unit/s,Converted Residence

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 28, 2022
Closed on
Jun 3, 2022
Sold by
Ryan Nguyen
Bought by
Zorbas Daniel
Seller's Agent
Henry Lazerow
Fulton Grace Realty
Buyer's Agent
Anna Tanner
Bucktown Real Estate Inc
List Price
$279,000
Sold Price
$270,000
Premium/Discount to List
-$9,000
-3.23%
Current Estimated Value
$327,889

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,889
Avg. Annual Appreciation
6.22%
Original Mortgage
$256,500
Outstanding Balance
$246,823
Interest Rate
6.38%
Mortgage Type
Balloon
Estimated Equity
$81,066

Purchase Details

Listed on
Apr 12, 2019
Closed on
May 22, 2019
Sold by
Bellas Business Llc
Bought by
Nguyen Ryan
Seller's Agent
Bob Wisdom
RE/MAX Horizon
Buyer's Agent
Henry Lazerow
Fulton Grace Realty
List Price
$199,900
Sold Price
$210,000
Premium/Discount to List
$10,100
5.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.31%
Original Mortgage
$157,500
Interest Rate
5.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 28, 2017
Sold by
Savannah S Place Inc
Bought by
Bella S Business Llc

Purchase Details

Closed on
Oct 15, 2013
Sold by
Ventimiglia Lobit Lynn and Lobit Marc J
Bought by
Savannahs Place Inc

Purchase Details

Closed on
May 14, 2003
Sold by
Ventimiglia Lobit Lynn
Bought by
Lobit Marc J and Ventimiglia Lobit Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,000
Interest Rate
5.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 19, 2002
Sold by
Sayachack Anita and Sayachack Khampheth
Bought by
Ventimiglia Lobit Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Interest Rate
6.7%

Purchase Details

Closed on
Jun 28, 2001
Sold by
Arrequin Carlos and Arrequin Maria
Bought by
Sayachak Anita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
7.27%

Purchase Details

Closed on
Jan 31, 1995
Sold by
Eggleston Willis
Bought by
Arreguin Carlos and Arreguin Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,250
Interest Rate
9.24%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Zorbas Daniel $270,000 Marneris Law Pc
Nguyen Ryan $210,000 Attorneys Ttl Guaranty Fund
Bella S Business Llc -- Attorney
Savannahs Place Inc -- None Available
Lobit Marc J -- --
Ventimiglia Lobit Lynn $175,000 --
Sayachak Anita $175,000 --
Arreguin Carlos $95,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zorbas Daniel $256,500
Previous Owner Nguyen Ryan $157,500
Previous Owner Lobit Marc J $152,000
Previous Owner Ventimiglia Lobit Lynn $157,500
Previous Owner Sayachak Anita $130,000
Previous Owner Arreguin Carlos $90,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2022 07/15/22 Sold $270,000 -3.2% --
04/29/2022 04/29/22 Pending -- -- --
04/28/2022 04/28/22 For Sale $279,000 +32.9% --
05/22/2019 05/22/19 Sold $210,000 +5.1% --
04/18/2019 04/18/19 Pending -- -- --
04/12/2019 04/12/19 For Sale $199,900 -- --
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 $6,650 $83,093 $13,178 $69,915
2023 $6,399 $75,068 $11,905 $63,163
2022 $5,481 $63,213 $10,855 $52,358
2021 $5,273 $59,100 $10,149 $48,951
2020 $5,146 $56,420 $9,689 $46,731
2019 $5,019 $53,743 $9,229 $44,514
2018 $5,006 $50,629 $8,694 $41,935
2017 $4,923 $47,863 $8,219 $39,644
2016 $4,736 $44,404 $7,625 $36,779
2015 -- $40,700 $6,989 $33,711
2014 -- $40,198 $6,903 $33,295
2013 -- $41,258 $7,085 $34,173
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11388007

Midwest Real Estate Data (MRED)

APN: 06-13-128-024