NOT LISTED FOR SALE

315 Mountain St Elgin, IL 60123

Grant Park Neighborhood
11 Beds
10 Baths
-- Sq Ft
0.4 Acre Lot

Sale Details

Date Sold: January 13, 2017

Last sale price $380,500

30 Days on Market

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

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,000

Year Built

  • Built in 1873

Lot Details

  • 17,639 Sq Ft 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

0.4 Acres

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

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Grant Park, IL

  • Robert Kroll Real Estate Agent - 808 Realty

    Robert Kroll

    Responds Quickly

    808 Realty

    (815) 860-2793

    363 Total Sales

    1 in Grant Park

    $300,000 Price

    Robert Kroll
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  • Juana Fuentes Real Estate Agent - Exclusive Living, Inc

    Juana Fuentes

    Exclusive Living, Inc

    (224) 255-4532

    75 Total Sales

    3 in Grant Park

    $194K - $285K Price Range

    Juana Fuentes
     Section Image
  • Elizabeth Goodchild Real Estate Agent - Realty of America

    Elizabeth Goodchild

    Realty of America

    (224) 479-1826

    471 Total Sales

    1 in Grant Park

    $202,000 Price

    Elizabeth Goodchild
     Section Image
  • Ken Bruderle Real Estate Agent - Superior Homes Realty

    Ken Bruderle

    Responds Quickly

    Superior Homes Realty

    (224) 347-7415

    54 Total Sales

    2 in Grant Park

    $225K - $298K Price Range

    Ken Bruderle
     Section Image
  • Cindy Schmalz Real Estate Agent - @properties Christie's International Real Estate

    Cindy Schmalz

    @properties Christie's International Real Estate

    (224) 970-2975

    111 Total Sales

    1 in Grant Park

    $381,500 Price

    Cindy Schmalz
     Section Image
  • Ruben Camacho Real Estate Agent - Kale Realty

    Ruben Camacho

    Kale Realty

    (844) 770-1569

    114 Total Sales

    1 in Grant Park

    $263,500 Price

    Ruben Camacho
     Section Image
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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
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)

Agents Affiliated with this Home

  • Ben Henrikson Real Estate Agent - RE/MAX

    Seller's Agent in 2017

    Ben Henrikson

    RE/MAX

    (847) 931-7500

    2 in this area

    101 Total Sales

    Ben Henrikson
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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

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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