NOT LISTED FOR SALE

315 Mountain St Elgin, IL 60123

Grant Park Neighborhood
11 Beds
10 Baths
-- Sq Ft
0.4 Acres

Last Sold January 13, 2017

Last sale price $380,500

30 Days on Market

Highlights

  • 0.4 Acre Lot
  • Central Heating
  • Hot Water Heating System

About This Home

As of January 2017

10 UNITS! FULLY OCCUPIED. 2 SEPARATE BRICK BUILDINGS ON ONE LARGE LOT WITH LOTS OF PARKING. 52 N CRYSTAL HAS 7 UNITS AND 315 MOUNTAIN HAS 3 UNITS. NEWER WIRING UPGRADED TO 400 AMPS AND INCLUDES SEPARATE ELECTRIC HEAT FOR EACH UNIT, NEWER HOT WATER HEATER, WINDOWS REPLACED THROUGHOUT! THIS PROPERTY WAS WC KIMBALL'S ORIGINAL MANSION IN ELGIN BUILT IN 1873. TENANTS PAY THEIR OWN ELECTRIC WHICH INCLUDES HEAT AND THEY ALSO PAY GAS FOR STOVES. BUILDING HAS OLD WORLD CHARM AND WAS BUILT LIKE A FORTRESS--ALL BRICK! ONE OF THE APARTMENTS IS A TWO BEDROOM AND THE REST ARE ONE BEDROOMS.

Last Agent to Sell the Property

Ben Henrikson

RE/MAX Horizon License #475091643 Listed on: 12/05/2016

Last Buyer's Agent

Ben Henrikson

RE/MAX Horizon License #475091643 Listed on: 12/05/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,000

Year Built

  • Built in 1873

Lot Details

  • 0.4 Acre Lot
  • Lot Dimensions are 91x198

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Gable Roof Shape
  • Brick Exterior Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3-Story Property
  • Fire and Smoke Detector

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 10 Bathrooms

Utilities

  • Central Heating
  • Hot Water Heating System
  • Heating System Uses Gas
  • 200+ Amp Service

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 10 Units

Building Details

  • Electric Expense $400
  • Fuel Expense $1,400
  • Insurance Expense $3,600
  • Other Expense $1,250
  • Trash Expense $1,440
  • Water Sewer Expense $3,000
  • Operating Expense $21,090
  • Gross Income $6,450
  • Net Operating Income $56,310

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,000

Year Built

Built in 1873

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 3
  • Year Built: 1873
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required,Show-Call Listing Office
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 10
  • Total Bedrooms: 11
  • Possible Use: Multi-Family
  • Fire Protection: Smoke or Fire Protectors
  • Fireplaces: 0
  • Drive-In Doors: 0
  • Dishwashers: 0
  • Refrigerators: 10
  • Ranges: 10
  • Number of Washers: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street
  • Roof: Composition
  • Exterior Building Type: Brick
  • Roof Structure: Gable
  • Misc Outside: Enclosed Stairs

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Electric: Circuit Breakers, Service - 201 to 600 Amps
  • Utilities: Sanitary Sewer, Water-Municipal
  • Heat/Ventilation: Central Bldg Heat,Gas,Hot Water
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Unincorporated (Y/N): Yes
  • Owners Association (Y/N): No

Fee Information

  • Association Fee Includes: None
  • Trash Expense: 1440
  • Water Sewer Expenses: 3000

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.4
  • Lot Dimensions: 91X198
  • Lot Size Sq Ft: 17639
  • Zoning: MULTI
  • Land Amenities: Curbs and Gutters,Sidewalks

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 5

Multi Family

  • Net Operating Income: 56310
  • Fuel Expense: 1400
  • Insurance Expense: 3600
  • ElectricExpense: 400
  • GrossIncome: 6450
  • NumberOfUnitsTotal: 10
  • OperatingExpense: 21090
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 10000
  • Tax Year: 2015

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
01/13/2017 01/13/17 Sold $380,500 -13.3% --
01/04/2017 01/04/17 Pending -- -- --
12/05/2016 12/05/16 For Sale $439,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Ben Henrikson

    Seller's Agent in 2017

    Ben Henrikson

    RE/MAX

    (847) 931-7500

    1 in this area

    117 Total Sales

    Ben Henrikson
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09401850

Midwest Real Estate Data (MRED)
Illinois Kane County Elgin 60123 Grant Park

315 Mountain St, Elgin, IL

Not Listed for Sale

MultiFamily

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