$415,000
SOLD SEP 22, 2023

350 Lincoln Ave Unit 52 Elgin, IL 60120

Northeast Elgin Neighborhood
4 Beds
2 Baths
-- Sq Ft
0.25 Acres

Recently Sold

9 Days on Market

Highlights

  • Corner Lot
  • 2 Car Attached Garage
  • Forced Air Heating System

About This Home

As of September 2023

VERY WELL KEPT SIDE BY SIDE BRICK DUPLEX. HARDWOOD FLOORS THROUGHOUT. UNFINISHED BASEMENT. RENTS ARE WELL BELOW MARKET. RENTS REFLECT LONG TERM TENANTS.

Last Agent to Sell the Property

Art Zamudo

Casablanca License #471004482 Listed on: 08/04/2023

Last Buyer's Agent

Anthony Osorio

Daniel And Associates Real Estate License #475203544

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,318

Year Built

  • Built in 1964

Lot Details

  • Lot Dimensions are 66 x 165
  • Corner Lot

Parking

  • 2 Car Attached Garage
  • Parking Included in Price

Home Design

  • Duplex
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,318

Year Built

Built in 1964

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1964
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Central Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Central Air Conditioner

Exterior Features

  • List Price: 415000
  • Lot Features: Corner Lot
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Schools

  • Middle/Junior School District: 46

Lot Info

  • Lot Dimensions: 66 X 165
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

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

Tax Info

  • Tax Annual Amount: 6318.14
  • Tax Year: 2022

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: Duplex Side by Side

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2023
Closed on
Sep 22, 2023
Sold by
Zamudio Arturo
Bought by
Osorio Carolina
Seller's Agent
Art Zamudo
Casablanca
Buyer's Agent
Anthony Osorio
Daniel And Associates Real Estate
List Price
$415,000
Sold Price
$415,000
Views
26
Current Estimated Value
$384,501

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$30,499
Avg. Annual Appreciation
-4.90%

Purchase Details

Closed on
Jan 28, 2000
Sold by
Wilhite Violet E
Bought by
Zamudio Arturo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,500
Interest Rate
7.98%

Purchase Details

Closed on
Nov 12, 1999
Sold by
Wilhite Violet E
Bought by
Wilhite Violet E and Violet E Wilhite Trust #1
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $415,000 None Listed On Document
Deed $165,000 --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $416,625 VA
Previous Owner $157,000 Unknown
Previous Owner $153,000 Unknown
Previous Owner $148,500 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/05/2024 03/05/24 Rented $1,850 0.0% --
02/10/2024 02/10/24 For Rent $1,850 0.0% --
12/29/2023 12/29/23 Under Contract -- -- --
12/26/2023 12/26/23 For Rent $1,850 0.0% --
09/22/2023 09/22/23 Sold $415,000 0.0% --
08/14/2023 08/14/23 Pending -- -- --
08/04/2023 08/04/23 For Sale $415,000 -- --
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 $6,621 $95,736 $19,764 $75,972
2023 $6,691 $86,490 $17,855 $68,635
2022 $6,318 $78,864 $16,281 $62,583
2021 $6,043 $73,733 $15,222 $58,511
2020 $5,873 $70,390 $14,532 $55,858
2019 $5,702 $67,051 $13,843 $53,208
2018 $5,652 $63,166 $13,041 $50,125
2017 $5,525 $59,714 $12,328 $47,386
2016 $5,268 $55,398 $11,437 $43,961
2015 -- $50,777 $10,483 $40,294
2014 -- $50,151 $10,354 $39,797
2013 -- $51,474 $10,627 $40,847
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11851778

Midwest Real Estate Data (MRED)

APN: 06-12-180-012