Seller's Agent in 2017
Ryan Widerberg
eXp Realty - Chicago North Ave
(847) 849-7748
2 in this area
98 Total Sales
319 Locust St Elgin, IL 60123
Near West Elgin NeighborhoodEstimated Value: $835,000
15
Beds
8
Baths
--
Sq Ft
0.25
Acres
About This Home
As of August 2017This 7-Unit Income Property is a Fantastic Earnings Opportunity with up to a 40% CASH-on-CASH Return and a 9.91% Cap Rate! A Brick Build that Comes Complete with 9 Garage Spaces and 100% Occupancy! 6 Units are 2 Bedroom, One Full Bath, and 1 Unit is 3 Bedroom, 2 Full Baths. As Our Rental Prices are Artificially Low, Investors can Expect an Even Higher Return! Our Capitalization Rate is One of the Best in the Area! Unit #2 and #4 Were Recently Updated! Tenants Pay for Electricity. Furnace is 7 Years New. Make Us an Offer! Two PINs for the Lot: 0614476013, 0614476029
Last Agent to Sell the Property
eXp Realty - Chicago North Ave License #475121545 Listed on: 05/23/2017
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $17,279
Lot Details
- 0.25
Parking
- 6 to 12 Parking Spaces
Home Design
- Brick Exterior Construction
- Composition Roof
- Concrete Perimeter Foundation
Bedrooms and Bathrooms
- 15 Bedrooms
- 8 Bathrooms
Utilities
- Baseboard Heating
- Heating System Uses Gas
- Heating System Mounted To A Wall or Window
Additional Features
- 2-Story Property
- 0.25 Acre Lot
Listing and Financial Details
- Tenant pays for electricity
Community Details
Overview
- Association fees include heat, water, gas, parking, insurance, exterior maintenance, lawn care, scavenger, snow removal
- 7 Units
Building Details
- Electric Expense $1,288
- Fuel Expense $4,356
- Insurance Expense $4,103
- Trash Expense $2,141
- Water Sewer Expense $4,233
- Operating Expense $33,400
- Gross Income $72,000
- Net Operating Income $38,600
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 23, 2017
Closed on
Aug 29, 2017
Sold by
First American Bank
Bought by
T & G Rental Properties Incorporated
Seller's Agent
Ryan Widerberg
eXp Realty - Chicago North Ave
Buyer's Agent
Agnes Zak
Coldwell Banker Real Estate Group
List Price
$452,000
Sold Price
$360,000
Premium/Discount to List
-$92,000
-20.35%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$475,000
Purchase Details
Closed on
Jul 13, 2016
Sold by
Franquelli John
Bought by
Coyne Anne
Purchase Details
Closed on
Nov 26, 2014
Sold by
Conyne Anne
Bought by
Conyne Anne and Franquelli John
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| T & G Rental Properties Incorporated | $360,000 | First American Title | |
| Coyne Anne | $75,000 | Chicago Title Ins Co | |
| Conyne Anne | -- | None Available |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/29/2017 11/29/17 | Off Market | $360,000 | -- | -- |
| 08/31/2017 08/31/17 | Sold | $360,000 | 0.0% | -- |
| 05/27/2017 05/27/17 | Off Market | $360,000 | -- | -- |
| 05/23/2017 05/23/17 | Pending | -- | -- | -- |
| 05/23/2017 05/23/17 | For Sale | $452,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $17,301 | $216,187 | $27,488 | $188,699 |
| 2023 | $16,649 | $195,308 | $24,833 | $170,475 |
| 2022 | $15,442 | $178,087 | $22,643 | $155,444 |
| 2021 | $14,855 | $166,499 | $21,170 | $145,329 |
| 2020 | $14,497 | $158,949 | $20,210 | $138,739 |
| 2019 | $14,141 | $151,409 | $19,251 | $132,158 |
| 2018 | $10,911 | $110,359 | $18,136 | $92,223 |
| 2017 | $11,416 | $110,988 | $18,239 | $92,749 |
| 2016 | $16,447 | $154,211 | $16,921 | $137,290 |
| 2015 | -- | $141,349 | $15,510 | $125,839 |
| 2014 | -- | $139,604 | $15,319 | $124,285 |
| 2013 | -- | $143,286 | $15,723 | $127,563 |
Source: Public Records
Agents Affiliated with this Home
-
Ryan Widerberg
-
Agnes Zak
Buyer's Agent in 2017
Agnes Zak
Coldwell Banker Real Estate Group
(239) 287-8036
92 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 09636048
APN: 06-14-476-013
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