NOT LISTED FOR SALE

330 Ann St South Elgin, IL 60177

Estimated Value: $677,000 - $786,000

11 Beds
6 Baths
5,304 Sq Ft
$138/Sq Ft Est. Value

Last Sold November 15, 2019

Last sale price $480,000 $90 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $5,136/month

6 Days on Market

Highlights

  • Property is near a park
  • Laundry Room
  • Hot Water Heating System
  • South Elgin High School Rated A-
  • Storage Room

About This Home

As of November 2019

Five 2 BR/1BA Units, One Efficiency Unit all with common coin laundry in this brick 3 story building across from a park! 4 of the units are rehabbed and in great condition with new kitchens, appliances, flooring, fresh paint, updated baths, window treatments, air conditioners, etc. 2 long term tenants. Good Money maker. New Hot water heater, New Washing Machine. The Five 2 BR units pay their own metered electricity, unit 1 includes electricity. All units have gas, water & scavenger included in rent. Details available and showings must be coordinated with tenants.

Last Agent to Sell the Property

Jennifer Leonard-Comperda

Baird & Warner Fox Valley - Geneva License #471017542 Listed on: 09/30/2019

Baird & Warner Fox Valley -  Geneva

Co-Listed By

Gustin Harshbarger

Baird & Warner Fox Valley - Geneva License #471020940

Last Buyer's Agent

Jayesh Parekh

Charles Rutenberg Realty of IL License #475149245

Charles Rutenberg Realty of IL

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,784

Year Built

  • Built in 1973

Lot Details

  • 0.36 Acre Lot
  • Lot Dimensions are 81x198x80x199

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof
  • Concrete Block And Stucco Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,304 Sq Ft Home
  • 3-Story Property
  • Storage Room
  • Laundry Room

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Location

  • Property is near a park

Utilities

  • Window Unit Cooling System
  • Radiator
  • Hot Water Heating System
  • Radiant Heating System

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Fuel Expense $5,584
  • Insurance Expense $2,488
  • Maintenance Expense $2,000
  • Other Expense $1,590
  • Trash Expense $1,367
  • Operating Expense $24,812
  • Gross Income $63,240
  • Net Operating Income $38,428

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,784

Year Built

Built in 1973

Lot Details

0

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: 1973
  • Built Before 1978 (Y/N): Yes
  • New Construction Y/N: No
  • Information: Exceptions-Call List Office,No Sign on Property
  • Estimated Age: 36-50 Years
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 11
  • Basement Description: Slab
  • Fire Protection: Fire Extinguisher/s
  • Misc Inside: Storage Inside,Laundry Room
  • Fireplaces: 1
  • Drive-In Doors: 6
  • Dishwashers: 0
  • Refrigerators: 6
  • Ranges: 6
  • Number of Windows: 6
  • Number of Washers: 1
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick, Concrete
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street
  • List Price: 490000
  • Roof: Composition
  • Exterior Building Type: Brick
  • Roof Structure: Hip
  • Misc Outside: Balcony/ies

Garage/Parking

  • Outdoor Parking: 6-12 Spaces,Assigned Spaces,Common Parking,Private Lot

Utilities

  • Cooling: Window Unit(s)
  • Heat/Ventilation: Hot Water,Radiators,Radiant
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Conversion YN: N
  • Owners Association (Y/N): No

Fee Information

  • Association Fee Includes: None
  • Trash Expense: 1367
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.36
  • Lot Dimensions: 81X198X80X199
  • Lot Size Sq Ft: 15970
  • Zoning: MULTI
  • Land Amenities: Children's Play Yard,Curbs and Gutters,Lighting/Exterior,Sidewalks

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 5

Building Info

  • BuildingAreaTotal: 5304

Multi Family

  • Net Operating Income: 38428
  • Fuel Expense: 5584
  • Insurance Expense: 2488
  • GrossIncome: 63240
  • Maintenance Expense: 2000
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 24812
  • Expense Year: 2018
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 11784
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2019
Closed on
Nov 5, 2019
Sold by
Lund Kenneth and Estate Of Dorothy L Lund
Bought by
Tridev Realty Llc
Seller's Agent
Jennifer Leonard-Comperda
Baird & Warner Fox Valley - Geneva
Buyer's Agent
Jayesh Parekh
Charles Rutenberg Realty of IL
List Price
$490,000
Sold Price
$480,000
Premium/Discount to List
-$10,000
-2.04%
Current Estimated Value
$733,738

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$253,738
Avg. Annual Appreciation
7.48%
Original Mortgage
$360,000
Interest Rate
4%
Source: Public Records

Range of Values:

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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
Tridev Realty Llc $480,000 Baird & Warner Ttl Svcs Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Tridev Realty Llc $360,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2019 11/15/19 Sold $480,000 -2.0% $90 / Sq Ft
10/06/2019 10/06/19 Pending -- -- --
09/30/2019 09/30/19 For Sale $490,000 -- $92 / Sq Ft
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 $14,953 $189,492 $31,401 $158,091
2023 $14,363 $171,191 $28,368 $142,823
2022 $13,433 $156,097 $25,867 $130,230
2021 $12,710 $145,940 $24,184 $121,756
2020 $12,370 $139,322 $23,087 $116,235
2019 $11,959 $132,713 $21,992 $110,721
2018 $11,784 $125,024 $20,718 $104,306
2017 $11,972 $125,737 $20,836 $104,901
2016 $12,547 $127,463 $19,330 $108,133
2015 -- $116,832 $17,718 $99,114
2014 -- $115,389 $17,499 $97,890
2013 -- $118,433 $17,961 $100,472
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10434948

Midwest Real Estate Data (MRED)

APN: 06-35-407-045