Seller's Agent in 2024
Jose Herrera
HomeSmart Connect
(630) 777-7579
5 in this area
156 Total Sales
370 Algona Ave Elgin, IL 60120
Northeast Elgin NeighborhoodEstimated Value: $485,541 - $536,000
6
Beds
4
Baths
--
Sq Ft
8,494
Sq Ft Lot
About This Home
As of June 2024Investment opportunity!!This 4-unit property boasts positive cash flow, making it a great addition to any portfolio. Each unit is meticulously maintained and fully occupied, ensuring a steady stream of income. With a convenient location, strong rental history, and potential for further growth. Don't miss out on this turnkey investment gem!
Last Agent to Sell the Property
HomeSmart Connect License #475180748 Listed on: 05/10/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,089
Year Built
- Built in 1934 | Remodeled in 2023
Lot Details
- 8,494
Parking
- 5 Car Attached Garage
- Parking Space is Owned
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Potential Bedrooms
- 4 Bathrooms
Utilities
- Heating System Uses Natural Gas
- Radiant Heating System
Additional Features
- Basement Fills Entire Space Under The House
- Additional Parcels
Community Details
- 4 Units
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 10, 2024
Closed on
Jun 18, 2024
Sold by
Jimenez Omar and Ramirez Paloma
Bought by
Aranda Brian
Seller's Agent
Jose Herrera
HomeSmart Connect
Buyer's Agent
Sharon Lee
Century 21 S.G.R., Inc.
List Price
$580,000
Sold Price
$580,000
Views
33
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$69,615
Avg. Annual Appreciation
-7.97%
Original Mortgage
$551,000
Outstanding Balance
$544,751
Interest Rate
7.63%
Mortgage Type
New Conventional
Estimated Equity
-$34,366
Purchase Details
Listed on
Dec 9, 2022
Closed on
Feb 24, 2023
Sold by
Donald L Mapes Trust and Ann L Mapes Trust
Bought by
Jimenez Omar and Ramirez Paloma
Seller's Agent
Sharon Mennerick
HomeSmart Connect LLC
Buyer's Agent
Jose Herrera
HomeSmart Connect
List Price
$430,000
Sold Price
$385,000
Premium/Discount to List
-$45,000
-10.47%
Views
74
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
37.73%
Original Mortgage
$378,026
Interest Rate
5.25%
Mortgage Type
FHA
Purchase Details
Closed on
Nov 5, 1998
Sold by
Mapes Donald L and Mapes Donald L
Bought by
Mapes Donald L and Mapes Ann L
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Aranda Brian | $580,000 | None Listed On Document | |
| Jimenez Omar | $385,000 | None Listed On Document | |
| Mapes Donald L | -- | -- | |
| Mapes Ann L | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Aranda Brian | $551,000 | |
| Previous Owner | Jimenez Omar | $378,026 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/24/2024 06/24/24 | Sold | $580,000 | 0.0% | -- | |
| 05/16/2024 05/16/24 | Pending | -- | -- | -- | |
| 05/10/2024 05/10/24 | For Sale | $580,000 | +50.6% | -- | |
| 03/14/2023 03/14/23 | Sold | $385,000 | -10.5% | -- | View Prior Sale |
| 12/18/2022 12/18/22 | Pending | -- | -- | -- | |
| 12/09/2022 12/09/22 | For Sale | $430,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $10,971 | $137,083 | $18,838 | $118,245 |
| 2023 | $10,557 | $123,844 | $17,019 | $106,825 |
| 2022 | $9,024 | $104,069 | $15,518 | $88,551 |
| 2021 | $8,681 | $97,297 | $14,508 | $82,789 |
| 2020 | $8,471 | $92,885 | $13,850 | $79,035 |
| 2019 | $8,264 | $88,479 | $13,193 | $75,286 |
| 2018 | $8,241 | $83,353 | $12,429 | $70,924 |
| 2017 | $8,105 | $78,799 | $11,750 | $67,049 |
| 2016 | $7,797 | $73,104 | $10,901 | $62,203 |
| 2015 | -- | $67,007 | $9,992 | $57,015 |
| 2014 | -- | $66,180 | $9,869 | $56,311 |
| 2013 | -- | $67,925 | $10,129 | $57,796 |
Source: Public Records
Agents Affiliated with this Home
-
Jose Herrera
-
Asaf Arevalo
Seller Co-Listing Agent in 2024
Asaf Arevalo
The McDonald Group
(847) 463-0127
3 in this area
196 Total Sales
-
Sharon Lee
Buyer's Agent in 2024
Sharon Lee
Century 21 S.G.R., Inc.
1 in this area
28 Total Sales
-
Sharon Mennerick
Seller's Agent in 2023
Sharon Mennerick
HomeSmart Connect LLC
(630) 408-5844
6 in this area
97 Total Sales
-
R
Seller Co-Listing Agent in 2023
Rudy Johnson
Keller Williams Inspire - Geneva
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12048550
APN: 06-12-330-016
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