Seller's Agent in 2023
Christopher Leon
eXp Realty
(224) 595-5377
1 in this area
56 Total Sales
371 Walnut Ave Elgin, IL 60123
Southwest Elgin NeighborhoodEstimated Value: $441,000 - $471,000
10
Beds
4
Baths
--
Sq Ft
7,884
Sq Ft Lot
Highlights
- American Four Square Architecture
- Forced Air Heating System
- Paved or Partially Paved Lot
About This Home
As of July 2023Two- 3 bed/1 bath and Two- 2 Bed/1 bath. $4350 Per month in gross income. Month to Month leases. Tenant pays electricity and gas. Owner pays water. Just down the street from Downtown Elgin/Grand Victoria Casino, Metra Train to Downtown Chicago, Plenty of Shopping, Fast food/restaurants and entertainment. Hurry, this will sell fast!
Last Agent to Sell the Property
eXp Realty License #475156275 Listed on: 04/03/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,854
Year Built
- Built in 1900
Lot Details
- Lot Dimensions are 59x132
- Paved or Partially Paved Lot
Home Design
- American Four Square Architecture
- Asphalt Roof
- Concrete Perimeter Foundation
- Stucco
Bedrooms and Bathrooms
- 10 Bedrooms
- 10 Potential Bedrooms
- 4 Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
Parking
- 2 Parking Spaces
- Driveway
- Uncovered Parking
- Off-Street Parking
- Parking Space is Owned
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
Listing and Financial Details
- Homeowner Tax Exemptions
Community Details
Overview
- 4 Units
Building Details
- Insurance Expense $3,900
- Water Sewer Expense $250
- Gross Income $4,350
- Net Operating Income $38,446
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 3, 2023
Closed on
Jun 26, 2023
Sold by
38 West Partners Llc
Bought by
Gik Holdings Llc - 371 Walnut
Seller's Agent
Christopher Leon
eXp Realty
Buyer's Agent
Christopher Davis
Inspire Realty Group LLC
List Price
$429,000
Sold Price
$429,000
Views
1
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
$33,548
Avg. Annual Appreciation
3.13%
Original Mortgage
$322,425
Outstanding Balance
$314,590
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$147,958
Purchase Details
Closed on
May 3, 2021
Sold by
Jessen Mikyle
Bought by
38 West Partners Llc
Purchase Details
Closed on
Feb 16, 2021
Sold by
38 West Partners Llc
Bought by
Jessen Mikyle
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,500
Interest Rate
4%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 18, 2019
Sold by
Illiois Venture Holdings Llc
Bought by
38 West Partners Llc
Purchase Details
Closed on
Apr 10, 2017
Sold by
Jessen Mikyle
Bought by
Illinois Venture Holdings Llc
Purchase Details
Listed on
Aug 1, 2016
Closed on
Oct 19, 2016
Sold by
Harper George and Harper Tracy L
Bought by
Jessen Mikyuhle
Seller's Agent
Ruth Elders
HomeSmart Connect, LLC.
Buyer's Agent
Erika Frenier
Pinnacle Power Brokers
List Price
$249,900
Sold Price
$228,000
Premium/Discount to List
-$21,900
-8.76%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.10%
Original Mortgage
$157,500
Interest Rate
4.12%
Mortgage Type
New Conventional
Purchase Details
Listed on
Apr 15, 2014
Closed on
Dec 2, 2014
Sold by
Wilkening Melvin F and Wilkening Dorothy P
Bought by
Harper George and Harper Tracy L
Seller's Agent
James Johnston
RE/MAX Central Inc.
Buyer's Agent
Ruth Elders
HomeSmart Connect, LLC.
List Price
$210,000
Sold Price
$179,000
Premium/Discount to List
-$31,000
-14.76%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.86%
Original Mortgage
$184,907
Interest Rate
4.25%
Mortgage Type
VA
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 |
|---|---|---|---|
| Gik Holdings Llc - 371 Walnut | $430,000 | Fidelity National Title | |
| 38 West Partners Llc | -- | None Available | |
| Jessen Mikyle | -- | Nations Title Solutions Inc | |
| 38 West Partners Llc | -- | Attorney | |
| Illinois Venture Holdings Llc | -- | Attorney | |
| Jessen Mikyuhle | $228,000 | Chicago Title Insurance Co | |
| Harper George | $179,000 | Fidelity National Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Gik Holdings Llc - 371 Walnut | $322,425 | |
| Previous Owner | Jessen Mikyle | $248,500 | |
| Previous Owner | Jessen Mikyuhle | $157,500 | |
| Previous Owner | Harper George | $184,907 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/21/2023 07/21/23 | Sold | $429,000 | 0.0% | -- | |
| 05/11/2023 05/11/23 | Pending | -- | -- | -- | |
| 04/03/2023 04/03/23 | For Sale | $429,000 | +88.2% | -- | |
| 12/01/2016 12/01/16 | Sold | $228,000 | -8.8% | -- | View Prior Sale |
| 08/28/2016 08/28/16 | Pending | -- | -- | -- | |
| 08/01/2016 08/01/16 | For Sale | $249,900 | +39.6% | -- | |
| 12/03/2014 12/03/14 | Sold | $179,000 | -10.1% | -- | View Prior Sale |
| 10/13/2014 10/13/14 | Pending | -- | -- | -- | |
| 07/08/2014 07/08/14 | Price Changed | $199,000 | -5.2% | -- | |
| 04/15/2014 04/15/14 | For Sale | $210,000 | -- | -- |
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 | $8,647 | $108,046 | $16,705 | $91,341 |
| 2023 | $8,321 | $97,612 | $15,092 | $82,520 |
| 2022 | $7,125 | $82,165 | $13,761 | $68,404 |
| 2021 | $6,854 | $76,819 | $12,866 | $63,953 |
| 2020 | $6,689 | $73,336 | $12,283 | $61,053 |
| 2019 | $6,524 | $69,857 | $11,700 | $58,157 |
| 2018 | $6,506 | $65,810 | $11,022 | $54,788 |
| 2017 | $6,399 | $62,214 | $10,420 | $51,794 |
| 2016 | $5,516 | $57,718 | $9,667 | $48,051 |
| 2015 | -- | $52,904 | $8,861 | $44,043 |
| 2014 | -- | $52,251 | $8,752 | $43,499 |
| 2013 | -- | $53,629 | $8,983 | $44,646 |
Source: Public Records
Agents Affiliated with this Home
-
Christopher Leon
-
Christopher Davis
Buyer's Agent in 2023
Christopher Davis
Inspire Realty Group LLC
(847) 489-3476
5 in this area
319 Total Sales
-
Ruth Elders
R
Seller's Agent in 2016
Ruth Elders
The McDonald Group
(847) 809-0472
2 in this area
26 Total Sales
-
E
Buyer's Agent in 2016
Erika Frenier
Pinnacle Power Brokers
-
J
Seller's Agent in 2014
James Johnston
RE/MAX Central Inc.
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11751097
APN: 06-23-229-002
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