NOT LISTED FOR SALE

320 E Chicago St Elgin, IL 60120

Gifford Park Neighborhood

Estimated Value: $662,173 - $764,000

16 Beds
6 Baths
-- Sq Ft
8,712 Sq Ft Lot

Sale Details

Date Sold: June 17, 2022

Last sale price $599,000

Est. 19% increase in value since last sale

Current estimated payment $4,813 / mo

Highlights

  • 6 Fireplaces
  • Heating System Uses Steam
  • 3-minute walk to James T Gifford Park

About This Home

As of June 2022

This 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.

Last Agent to Sell the Property

Joan Junod

Millennium License #471002280 Listed on: 05/04/2022

Last Buyer's Agent

Christopher Davis

Inspire Realty Group LLC License #471020520

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,053

Year Built

Built in 1914

Lot Details

8,712 Sq Ft Lot

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: 1914
  • Built Before 1978 (Y/N): Yes
  • Information: 48-Hr Notice Required
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 16
  • Fireplaces: 6
  • Possible Use: Multi-Family
  • Basement Description: Unfinished
  • Refrigerators: 6
  • Ranges: 6
  • Room: 0

Exterior Features

  • Construction Materials: Brick, Stone
  • Exterior Building Type: Brick

Garage/Parking

  • Outdoor Parking: 1-5 Spaces

Utilities

  • Electric: Circuit Breakers, Service - 0 to 100 Amps
  • Heat/Ventilation: Gas,Steam

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Conversion YN: N

Fee Information

  • Trash Expense: 1152
  • Water Sewer Expenses: 3792
  • Operating Expense Includes: Fuel,Insurance,Trash,Utilities,Water/Sewer,Electricity,Gas,Heat/Cooling,Real Estate Tax

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 66X165
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 5

Multi Family

  • Net Operating Income: 60455
  • Fuel Expense: 2900
  • Insurance Expense: 4091
  • ElectricExpense: 300
  • GrossIncome: 82500
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 22045
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 10052.9
  • Tax Year: 2021

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2022
Closed on
Jun 15, 2022
Sold by
Bought by
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
$711,793

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$112,793
Avg. Annual Appreciation
4.40%
Original Mortgage
$449,250
Outstanding Balance
$427,574
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$284,219

Purchase Details

Closed on
Nov 4, 1998
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

Purchase 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 Buyer Sale Price Title Company
$599,000 None Listed On Document
-- --
-- --
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $449,250
Source: Public Records

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
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

  • J

    Seller's Agent in 2022

    Joan Junod

    Millennium

    (847) 697-5800

    1 in this area

    2 Total Sales

    Joan Junod
    Section Image
  • Christopher Davis

    Buyer's Agent in 2022

    Christopher Davis

    Inspire Realty Group LLC

    (847) 489-3476

    13 in this area

    272 Total Sales

    Christopher Davis
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11393548

Midwest Real Estate Data (MRED)

APN: 06-13-161-012

Illinois Kane County Elgin 60120 Gifford Park

320 E Chicago 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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