Seller's Agent in 2025
Ryan Widerberg
eXp Realty - Chicago North Ave
(847) 849-7748
1 in this area
99 Total Sales
3
Beds
3
Baths
--
Sq Ft
0.9
Acres
Highlights
- Forced Air Heating System
- McDade Elementary Classical School Rated 10
- Paved or Partially Paved Lot
About This Home
As of May 2025Extremely Rare & Highly Sought After Opportunity to Own a 3 Unit, Multi-Family Cash Cow in Kane County! Tenant Just Moved Out in the Back Unit, So Now's Your Chance to Rent Hack This Building, Have Existing Tenants Pay Your Mortgage & Live for Free! Elgin Was Recently Named the #1 Safest & Most Affordable City in the Entire United States! Comprised of 1 Bed |1 Bath Apartments. Units Were Recently Remodeled! Tons of Updates Include Roof, Siding & Exterior Paint (All 2019) & Common Area Hallway Repainted (2024). Unit #1 (Main Floor): New Sink Installed (2024) Kitchen Cabinets, Oven & Refrigerator (All 2022), Newer Windows (2016) Unit #2 (Upstairs): Updates Include Kitchen Cabinets, Backsplash, Bathroom Vanity, Oven & Refrigerator (All 2023), Shower Tile (2015). Unit #3 (Back): Unit Was Mostly Remodeled in 2025. Sink (2021), Shower Liner (2020). All Separate Utilities! Tenants Pay All Utilities Except For Water! Basement Access Through Cellar Door. In the Bone Dry Basement You'll Find Owner's Area Storage w 3 Water Heaters (One Replaced in 2024 & Two in 2016)! All Appliances Stay. Tenant Owned Window Units. Exterior Parking for 3 Vehicles! Steps to Downtown, River Front, and Parks. At Full Occupancy, Gross Monthly Rent Was $2940. 1659 Sq Ft. Eligible for $6,000 Forgiveable Down Payment Assistance or Up to $10,000 in Down Payment Assistance!
Last Agent to Sell the Property
eXp Realty - Chicago North Ave License #475121545 Listed on: 04/05/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,048
Home Design
- Stone Foundation
- Asphalt Roof
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Potential Bedrooms
- 3 Bathrooms
Parking
- 3 Parking Spaces
- Driveway
- On-Street Parking
- Unassigned Parking
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
Additional Features
- Basement Fills Entire Space Under The House
- Paved or Partially Paved Lot
Community Details
Overview
- 3 Units
Building Details
- Insurance Expense $2,000
- Water Sewer Expense $2,868
- Gross Income $35,280
- Net Operating Income $27,164
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 5, 2025
Closed on
May 14, 2025
Sold by
Meza-Zuniga Laura
Bought by
Guerrero Lucero J
Seller's Agent
Ryan Widerberg
eXp Realty - Chicago North Ave
Buyer's Agent
Matt Lysien
Suburban Life Realty, Ltd
List Price
$315,000
Sold Price
$320,000
Premium/Discount to List
$5,000
1.59%
Views
104
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
-$15,215
Avg. Annual Appreciation
-7.01%
Original Mortgage
$240,000
Outstanding Balance
$239,176
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$65,609
Purchase Details
Closed on
Feb 24, 2014
Sold by
Mondragon Avila Maria G
Bought by
Federal National Mortgage Association
Purchase Details
Closed on
May 31, 2007
Sold by
Bermudez Estanislado and Bermudez Gloria
Bought by
Avila Maria G Mondragon
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,910
Interest Rate
6.2%
Mortgage Type
Purchase Money Mortgage
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $320,000 | Fidelity National Title | |
| Sheriffs Deed | -- | None Available | |
| Warranty Deed | $190,000 | First American Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $240,000 | New Conventional | |
| Previous Owner | $170,910 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/21/2025 05/21/25 | Sold | $320,000 | +1.6% | -- | |
| 04/19/2025 04/19/25 | Pending | -- | -- | -- | |
| 04/05/2025 04/05/25 | For Sale | $315,000 | +472.7% | -- | |
| 02/06/2015 02/06/15 | Sold | $55,000 | +3.8% | -- | View Prior Sale |
| 01/29/2015 01/29/15 | Pending | -- | -- | -- | |
| 01/12/2015 01/12/15 | For Sale | $53,000 | -- | -- |
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 | $5,314 | $74,402 | $8,373 | $66,029 |
| 2023 | $5,048 | $67,216 | $7,564 | $59,652 |
| 2022 | $4,365 | $56,344 | $6,897 | $49,447 |
| 2021 | $4,164 | $52,677 | $6,448 | $46,229 |
| 2020 | $4,039 | $50,289 | $6,156 | $44,133 |
| 2019 | $3,914 | $47,903 | $5,864 | $42,039 |
| 2018 | $3,868 | $45,127 | $5,524 | $39,603 |
| 2017 | $3,771 | $42,661 | $5,222 | $37,439 |
| 2016 | $3,581 | $39,578 | $4,845 | $34,733 |
| 2015 | -- | $36,277 | $4,441 | $31,836 |
| 2014 | -- | $35,829 | $4,386 | $31,443 |
| 2013 | -- | $36,774 | $4,502 | $32,272 |
Source: Public Records
Agents Affiliated with this Home
-
Ryan Widerberg
-
Matt Lysien
Buyer's Agent in 2025
Matt Lysien
Suburban Life Realty, Ltd
(847) 309-6939
4 in this area
528 Total Sales
-
Bill Volpe
Seller's Agent in 2015
Bill Volpe
Parkvue Realty Corporation
(312) 493-4548
596 Total Sales
-
Anthony Disano
A
Seller Co-Listing Agent in 2015
Anthony Disano
Parkvue Realty Corporation
(888) 998-4758
731 Total Sales
-
Jesse Berreles
Buyer's Agent in 2015
Jesse Berreles
United Brokers of Illinois
(847) 828-7653
27 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12320490
APN: 06-24-203-019
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