NOT LISTED FOR SALE

3701 Spring Grove Rd Johnsburg, IL 60051

Estimated Value: $327,000 - $436,000

6 Beds
4 Baths
-- Sq Ft
9,583 Sq Ft Lot

Last Sold January 22, 2018

Last sale price $180,000

Est. 108% increase in value since last sale

Current estimated payment $2,667/month

354 Days on Market

Highlights

  • Colonial Architecture
  • Patio
  • Storage Shed
  • Corner Lot
  • Water Softener is Owned

About This Home

As of January 2018

REGULAR SALE with OVER $20,000 NET INCOME for current owner. Great Deal! Fantastic opportunity for Owner Occupant or Investors wanting $$$. This is a solid Brick 2 story 4 unit. More Income potential as Current owner rents all units below Market value.\ and rents 2 bedroom unit as 1 bedroom unit. Area is Zoned Business B2. With a terrific location at a traffic signal Corner of Johnsburg and Spring Grove rd. Separate GAS and ELECTRIC Meters for each unit and 1 for owner. Plenty of Updates Here Roof 2005, Water Heaters 2(3Yrs) 1 (4YRS) 1 (3 Months) Furnaces 2 (1yr) 2 (6Yrs) All Appliances less than 5yrs 1 set NEW, Parking Lot 1 year old. Sidewalks Freshly Updated . ALso Fresh Tuckpointing, roof replaced in 2005. This is a great opportunity for you to make an investment in your future. Tenants are Long term. and pay on time! Live in One unit and collect from other units. Nice Downtown feel in a great neighborhood along with Patio and nice size yard. This a Great Buy!! Call today!

Last Agent to Sell the Property

Kevin Kalbach

Realty Executives Cornerstone License #475169849 Listed on: 12/01/2016

Realty Executives Cornerstone

Last Buyer's Agent

Jorge Trujillo

Re/Max American Dream

Re/Max American Dream

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,700

Year Built

  • Built in 1900

Lot Details

  • 9,583 Sq Ft Lot
  • Corner Lot
  • Paved or Partially Paved Lot
  • Irregular Lot
  • Legal Non-Conforming

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Brick Foundation
  • Stone Foundation
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 4 Bathrooms
  • No Tub in Bathroom

Basement

  • Partial Basement
  • Exterior Basement Entry
  • Basement Cellar

Parking

  • 6 Parking Spaces
  • Uncovered Parking
  • Parking Included in Price
  • Unassigned Parking

Outdoor Features

  • Patio
  • Storage Shed

Schools

  • Johnsburg Elementary School
  • Johnsburg Junior High School

Utilities

  • Heating System Uses Natural Gas
  • Well
  • Water Softener is Owned
  • Private or Community Septic Tank
  • Cable TV Available

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $29,400
  • Net Operating Income $18,929

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,700

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Colonial
  • New Construction: No
  • Year Built: 1900
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial
  • Total Bathrooms: 4
  • Total Bedrooms: 6
  • Other Equipment: Water-Softener Owned, TV-Cable
  • Basement Description: Cellar,Exterior Access
  • Bathroom Amenities: No Tub
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator
  • Room: 4

Exterior Features

  • ExteriorFeatures: Patio, Storage Shed, Cable Access
  • Foundation Details: Brick/Mortar, Concrete Perimeter, Stone
  • List Price: 199900
  • Lot Features: Corner Lot, Irregular Lot, Legal Non-Conforming
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

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

Utilities

  • Sewer: Septic-Private
  • Heating: Natural Gas, Other
  • Water Source: Private Well

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved

Fee Information

  • Other Expenses $: 10471

Schools

  • Elementary School: JOHNSBURG ELEMENTARY SCHOOL
  • High School: JOHNSBURG JUNIOR HIGH SCHOOL
  • Middle/Junior School: JOHNSBURG JUNIOR HIGH SCHOOL
  • Middle/Junior School District: 12

Lot Info

  • Lot Size Acres: 0.22
  • Lot Dimensions: 9583.20 SQ.FT.
  • Zoning: COMMR
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 3
  • Is Parking Included in Price: Yes
  • TenantPays: Electric,Gas,Heat

Multi Family

  • Net Operating Income: 18929
  • GrossIncome: 29400
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Story Unit/s

Tax Info

  • Tax Annual Amount: 5700.44
  • Tax Year: 2016
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 10, 2019
Sold by
Prinz John
Bought by
Gordian Rental Pool Llc
Total Days on Market
354
Current Estimated Value
$374,588

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,552
Outstanding Balance
$266,100
Interest Rate
3.6%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$106,177

Purchase Details

Listed on
Dec 1, 2016
Closed on
Jan 17, 2018
Sold by
Molinaro Anthony and Molinaro Carol
Bought by
Prinz John
Seller's Agent
Kevin Kalbach
Realty Executives Cornerstone
Buyer's Agent
Jorge Trujillo
Re/Max American Dream
List Price
$209,900
Sold Price
$180,000
Premium/Discount to List
-$29,900
-14.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.27%

Purchase Details

Closed on
Oct 26, 2010
Sold by
Molinaro Anthony and Molinaro Carol
Bought by
County Of Mchenry

Purchase Details

Closed on
Dec 23, 2002
Sold by
Kocko Jerry M and Kocko Bohdanna M
Bought by
Molinaro Anthony and Molinaro Carol

Purchase Details

Closed on
Jul 12, 1999
Sold by
Cassara Michael P
Bought by
Kocko Jerry M and Kocko Bohdanna M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,000
Interest Rate
7.25%

Purchase Details

Closed on
Dec 14, 1995
Sold by
Sebastian Michael D and Sebastian Kathleen M
Bought by
Cassara Michael P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,000
Interest Rate
7.28%
Source: Public Records

Range of Values:

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Average Value
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List Price
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
Gordian Rental Pool Llc $180,000 None Available
Prinz John $180,000 Atiorneys Title Guaranty Fun
County Of Mchenry $6,700 Wheatland Title Guaranty
Molinaro Anthony $208,000 Fatic
Kocko Jerry M $185,000 --
Cassara Michael P $150,000 Attorneys Natl Title Network
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gordian Renatl Pool Llc $295,552
Previous Owner Kocko Jerry M $141,000
Previous Owner Cassara Michael P $96,600
Previous Owner Cassara Michael P $98,000
Closed Kocko Jerry M $44,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/22/2018 01/22/18 Sold $180,000 -10.0% --
11/20/2017 11/20/17 Pending -- -- --
11/09/2017 11/09/17 Price Changed $199,900 -2.5% --
08/24/2017 08/24/17 Price Changed $205,000 -2.3% --
07/06/2017 07/06/17 For Sale $209,900 0.0% --
06/25/2017 06/25/17 Pending -- -- --
06/12/2017 06/12/17 Price Changed $209,900 -4.4% --
02/13/2017 02/13/17 For Sale $219,500 0.0% --
02/13/2017 02/13/17 Price Changed $219,500 0.0% --
02/11/2017 02/11/17 Price Changed $219,500 -4.4% --
12/01/2016 12/01/16 For Sale $229,500 -- --
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
2023 $7,055 $91,189 $18,238 $72,951
2022 $6,736 $84,599 $16,920 $67,679
2021 $6,454 $78,785 $15,757 $63,028
2020 $6,277 $75,501 $15,100 $60,401
2019 $6,205 $71,694 $14,339 $57,355
2018 $5,298 $60,000 $10,086 $49,914
2017 $5,733 $62,314 $9,466 $52,848
2016 $5,700 $58,238 $8,847 $49,391
2013 -- $57,338 $8,710 $48,628
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09398844

Midwest Real Estate Data (MRED)

APN: 09-13-252-037