J
Seller's Agent in 2022
Joan Junod
Millennium
(847) 697-5800
1 in this area
2 Total Sales
320 E Chicago St Elgin, IL 60120
Gifford Park NeighborhoodEstimated Value: $419,000 - $720,000
16
Beds
6
Baths
--
Sq Ft
8,712
Sq Ft Lot
Highlights
- 6 Fireplaces
- Heating System Uses Steam
- 3-minute walk to James T Gifford Park
- McDade Elementary Classical School Rated 10
About This Home
As of June 2022This 6 unit building is in the historic district of Elgin, Each unit is about 1200 sq. ft. Very unique with high ceilings and 8 foot doors. The apartments are bright and cheerful. they all have fireplaces ,but need work maybe they could be converted to gas. Units are very reasonable at $100,000 a unit. The architecture is beautiful. Unit A new cabinets, floor, custom screens, stove. Unit B floors restored, custom screens, new stove, Unit C floors restored, new bathroom, custom screens. Unit D new bathtub, Unit F new kitchen cabinets & bathroom. New roof 8/20,New boiler11/19 two 50 gallon hot water heaters. one new 2021.new sidewalk, all pipes replaced for boiler 2022. New asphalt 2/3 years ago. toilet in the basement. Hook up for washer and dryer in basement.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,053
Year Built
- Built in 1914
Lot Details
- Lot Dimensions are 66x165
Home Design
- Brick Exterior Construction
- Stone Siding
Interior Spaces
- 3-Story Property
- 6 Fireplaces
- Unfinished Basement
Bedrooms and Bathrooms
- 16 Bedrooms
- 6 Bathrooms
Utilities
- Heating System Uses Steam
- Heating System Uses Gas
- 100 Amp Service
Listing and Financial Details
- Tenant pays for electricity
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $300
- Fuel Expense $2,900
- Insurance Expense $4,091
- Trash Expense $1,152
- Water Sewer Expense $3,792
- Operating Expense $22,045
- Gross Income $82,500
- Net Operating Income $60,455
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 4, 2022
Closed on
Jun 15, 2022
Sold by
Trust# Mapes Ann L
Bought by
Rra Properties Lc
Seller's Agent
Joan Junod
Millennium
Buyer's Agent
Christopher Davis
Inspire Realty Group LLC
List Price
$599,000
Sold Price
$599,000
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
$2,317
Avg. Annual Appreciation
0.11%
Original Mortgage
$449,250
Outstanding Balance
$427,574
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$173,743
Purchase Details
Closed on
Nov 4, 1998
Sold by
Mapes Donald L and Mapes Ann L
Bought by
Mapes Ann L and Mapes Donald L
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Rra Properties Lc | $599,000 | None Listed On Document | |
| Mapes Ann L | -- | -- | |
| Mapes Donald L | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Rra Properties Lc | $449,250 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/17/2022 06/17/22 | Sold | $599,000 | 0.0% | -- |
| 05/04/2022 05/04/22 | Pending | -- | -- | -- |
| 05/04/2022 05/04/22 | For Sale | $599,000 | -- | -- |
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 | $11,709 | $146,306 | $19,839 | $126,467 |
| 2023 | $11,267 | $132,176 | $17,923 | $114,253 |
| 2022 | $10,451 | $120,522 | $16,343 | $104,179 |
| 2021 | $10,053 | $112,680 | $15,280 | $97,400 |
| 2020 | $9,811 | $107,570 | $14,587 | $92,983 |
| 2019 | $9,570 | $102,467 | $13,895 | $88,572 |
| 2018 | $9,544 | $96,530 | $13,090 | $83,440 |
| 2017 | $9,880 | $96,059 | $13,026 | $83,033 |
| 2016 | $9,504 | $89,117 | $12,085 | $77,032 |
| 2015 | -- | $81,684 | $11,077 | $70,607 |
| 2014 | -- | $80,675 | $10,940 | $69,735 |
| 2013 | -- | $82,803 | $11,229 | $71,574 |
Source: Public Records
Agents Affiliated with this Home
-
Joan Junod
-
Christopher Davis
Buyer's Agent in 2022
Christopher Davis
Inspire Realty Group LLC
(847) 489-3476
17 in this area
318 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11393548
APN: 06-13-161-012
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