NOT LISTED FOR SALE

Estimated Value: $237,000 - $313,000

1 Bed
1 Bath
-- Sq Ft
7,710 Sq Ft Lot Lot

Sale Details

Date Sold: October 16, 2020

Last sale price $200,000

Est. 43% increase in value since last sale

Current estimated payment $2,041 / mo

3 Days on Market

About This Home

As of October 2020

Come invest in yourself. This 3 unit fully rented property is a proven money maker, with the opportunity for higher income. It's in the perfect locating close to downtown Elgin's shopping and dining while also being close to the Metra and highway. Live in one and rent the others or rent all 3 for your perfect investment.

Last Agent to Sell the Property

Tina Grzeca

HomeSmart Connect LLC License #475174925 Listed on: 09/04/2020

HomeSmart Connect LLC

Last Buyer's Agent

Arif Molla

Milestone Real Estate, LLC License #471020830

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,782

Lot Details

  • 7,710

Home Design

  • Converted Dwelling
  • Aluminum Siding

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Potential Bedroom
  • 1 Bathroom

Parking

  • 6 Parking Spaces
  • Uncovered Parking
  • Parking Space is Owned

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 72x107
  • Baseboard Heating

Community Details

Overview

  • 3 Units

Building Details

  • Gross Income $21,600
  • Net Operating Income $18,737

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,782

Lot Details

7,710 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Age: Unknown
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Basement Description: Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Aluminum Siding

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Heating: Baseboard
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Lot Dimensions: 72X107
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 3

Multi Family

  • Net Operating Income: 18737
  • GrossIncome: 21600
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: Converted Residence

Tax Info

  • Tax Annual Amount: 4782.2
  • Tax Year: 2019

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
Sep 4, 2020
Closed on
Oct 16, 2020
Sold by
Bought by
Seller's Agent
Tina Grzeca
HomeSmart Connect LLC
Buyer's Agent
Arif Molla
Milestone Real Estate, LLC
List Price
$210,000
Sold Price
$200,000
Premium/Discount to List
-$10,000
-4.76%
Current Estimated Value
$285,281

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$85,281
Avg. Annual Appreciation
6.50%
Original Mortgage
$490,000
Interest Rate
2.65%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 8, 1998
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,500
Interest Rate
7.02%
Source: Public Records
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

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
$490,000 Attorney
$133,000 --
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
Previous Owner $490,000
Previous Owner $104,500
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
10/16/2020 10/16/20 Sold $200,000 -4.8% --
09/07/2020 09/07/20 Pending -- -- --
09/04/2020 09/04/20 For Sale $210,000 -- --
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 $6,318 $78,941 $14,787 $64,154
2023 $6,079 $71,317 $13,359 $57,958
2022 $5,222 $60,225 $12,181 $48,044
2021 $5,023 $56,306 $11,388 $44,918
2020 $4,902 $53,753 $10,872 $42,881
2019 $4,782 $51,203 $10,356 $40,847
2018 $4,769 $48,236 $9,756 $38,480
2017 $4,690 $45,600 $9,223 $36,377
2016 $4,512 $42,304 $8,556 $33,748
2015 -- $38,775 $7,842 $30,933
2014 -- $38,296 $7,745 $30,551
2013 -- $39,306 $7,949 $31,357
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10847008

Midwest Real Estate Data (MRED)

APN: 06-13-153-007

Your Personal Tour Guide

Ask me questions while you tour the home.