NOT LISTED FOR SALE

320 Illinois Ave Elgin, IL 60120

Estimated Value: $250,000 - $284,235

4 Beds
3 Baths
-- Sq Ft
6,142 Sq Ft Lot

Last Sold July 29, 2016

Last sale price $132,900

Est. 100% increase in value since last sale

Current estimated payment $1,775/month

39 Days on Market

About This Home

As of July 2016

Investment opportunity 2 units rental great rental income or live in one then let your tenants help you with your mortgage payment. 2 bedrooms each unit. Separate utilities gas & Electric. Month to Month Leases.

Last Agent to Sell the Property

Esther Zamudio

Zamudio Realty Group License #471021065 Listed on: 04/22/2016

Last Buyer's Agent

Juan Carlos Dominguez

Zamudio Realty Group License #475143293

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,618

Lot Details

  • 6,142

Home Design

  • American Four Square Architecture
  • Asphalt Roof

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 3 Bathrooms

Parking

  • 6 Parking Spaces
  • Uncovered Parking
  • Parking Included in Price

Utilities

  • Two Heating Systems
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 50x123

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,618

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: American 4-Sq.
  • New Construction: No
  • Age: Unknown
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Basement Description: Partially Finished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • List Price: 137900
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Cedar,Frame

Garage/Parking

  • ParkingTotal: 6
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: N/A

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air, Sep Heating Systems - 2+
  • Water Source: Public

Schools

  • Middle/Junior School District: 46

Lot Info

  • Lot Dimensions: 50X123
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: U

Rental Info

  • Board Number: 5
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 3618.16
  • Tax Year: 2015
  • Tax Exemptions: None

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2016
Closed on
Jul 29, 2016
Sold by
Sifuentes Joel
Bought by
Serrano Daniel and Ardingas Gartez
Seller's Agent
Esther Zamudio
Zamudio Realty Group
Buyer's Agent
Juan Carlos Dominguez
Zamudio Realty Group
List Price
$137,900
Sold Price
$132,900
Premium/Discount to List
-$5,000
-3.63%
Current Estimated Value
$265,559

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$132,659
Avg. Annual Appreciation
7.80%
Original Mortgage
$129,120
Outstanding Balance
$103,089
Interest Rate
3.5%
Mortgage Type
FHA
Estimated Equity
$162,470

Purchase Details

Closed on
Mar 28, 2011
Sold by
Rivera J Matias and Martinez Adela
Bought by
Sifuentes Joel

Purchase Details

Closed on
Feb 16, 2006
Sold by
Rodriguez Rosa Angelica
Bought by
Rivera J Matias and Martinez Adela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$39,500
Interest Rate
6.2%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jan 27, 2004
Sold by
Garza Arturo V
Bought by
Rodriguez Rosa Angelica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,250
Interest Rate
7.49%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 26, 1998
Sold by
Medina Jose and Medina Francisca
Bought by
Garza Arturo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,906
Interest Rate
7.08%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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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

Purchase History

Date Buyer Sale Price Title Company
Serrano Daniel $135,000 Fidlity National Title
Sifuentes Joel $35,000 Multiple
Rivera J Matias $197,500 Law Title Insurance
Rodriguez Rosa Angelica $175,000 Multiple
Garza Arturo $115,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Serrano Daniel $129,120
Previous Owner Rivera J Matias $39,500
Previous Owner Rivera J Matias $158,000
Previous Owner Rodriguez Rosa Angelica $166,250
Previous Owner Garza Arturo $113,906
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/29/2016 07/29/16 Sold $132,900 -3.6% --
05/31/2016 05/31/16 Pending -- -- --
04/22/2016 04/22/16 For Sale $137,900 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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 $4,452 $63,629 $10,791 $52,838
2023 $4,218 $57,484 $9,749 $47,735
2022 $3,682 $48,458 $8,889 $39,569
2021 $3,507 $45,305 $8,311 $36,994
2020 $3,397 $43,250 $7,934 $35,316
2019 $3,287 $41,199 $7,558 $33,641
2018 $3,244 $38,812 $7,120 $31,692
2017 $3,157 $36,691 $6,731 $29,960
2016 $3,630 $34,040 $6,245 $27,795
2015 -- $31,201 $5,724 $25,477
2014 -- $30,815 $5,653 $25,162
2013 -- $31,628 $5,802 $25,826
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09203830

Midwest Real Estate Data (MRED)

APN: 06-13-478-024