NOT LISTED FOR SALE

Estimated Value: $300,000 - $340,111

6 Beds
3 Baths
-- Sq Ft
0.25 Acres

Last Sold August 19, 2024

Last sale price $320,000

Est. 1% decrease in value since last sale

Current estimated payment $2,146/month

4 Days on Market

Highlights

  • Victorian Architecture
  • 2 Car Detached Garage
  • Paved or Partially Paved Lot
  • South Elgin High School Rated A-
  • Heating System Uses Steam
  • 3-minute walk to Kiwanis Park

About This Home

As of August 2024

Beautiful Victorian 2 unit building within walking distance of downtown. It has a great front porch, two car garage, hardwood flooring and some original woodwork. Main floor unit has over 1000 SF with 2 Bedrooms, hardwood floors, natural woodwork and doors, high ceilings and updated Kitchen and Bath. Second floor unit has approx. 1500 SF with 4 Bedrooms, 1.5 Baths and two roof deck/porches. Plenty of parking at rear along with a two car garage. Behind the garage is a huge fenced yard area. Shared driveway. Terrific income with separate gas and electric (2 boilers, 2 hot water heaters and 2 updated electrical panels. Updated plumbing. This is an investor building with both units on leases into 2025.

Last Agent to Sell the Property

Ben Henrikson

RE/MAX Horizon License #475091643 Listed on: 06/27/2024

RE/MAX Horizon

Last Buyer's Agent

Erick Daniel Escamilla

Realty of America, LLC License #475206431

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,638

Year Built

  • Built in 1904

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 36x242
  • Paved or Partially Paved Lot
  • Irregular Lot

Parking

  • 2 Car Detached Garage
  • Parking Included in Price

Home Design

  • Victorian Architecture
  • Block Foundation
  • Asphalt Roof

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 3 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Cable TV Available

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $3,000
  • Water Sewer Expense $2,800
  • Gross Income $40,800
  • Net Operating Income $29,362

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,638

Year Built

Built in 1904

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Victorian
  • New Construction: No
  • Year Built: 1904
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 6
  • Other Equipment: TV-Cable
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0

Exterior Features

  • Foundation Details: Block
  • Lot Features: Irregular Lot
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Cedar,Frame

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Steam
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved

Fee Information

  • Water Sewer Expenses: 2800
  • Other Expenses $: 0

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.25
  • Lot Dimensions: 36X242
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Green Features

  • Green Building Verification Type: Other

Rental Info

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

Multi Family

  • Net Operating Income: 29362
  • Insurance Expense: 3000
  • GrossIncome: 40800
  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 5638
  • Tax Year: 2023
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2024
Closed on
Aug 19, 2024
Sold by
Cuming Holdings Llc
Bought by
Escamilla Jose L
Seller's Agent
Ben Henrikson
RE/MAX Horizon
Buyer's Agent
Erick Daniel Escamilla
Realty of America, LLC
List Price
$325,000
Sold Price
$320,000
Premium/Discount to List
-$5,000
-1.54%
Views
30
Current Estimated Value
$316,028

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,972
Avg. Annual Appreciation
-1.04%
Original Mortgage
$304,000
Outstanding Balance
$300,949
Interest Rate
7.49%
Mortgage Type
New Conventional
Estimated Equity
$15,079

Purchase Details

Closed on
Feb 22, 2016
Sold by
Weststar Industries Llc
Bought by
Cuming Holdings Llc

Purchase Details

Closed on
Nov 21, 2014
Sold by
Fox Craft Llc
Bought by
West Star Industries Llc

Purchase Details

Closed on
Dec 13, 2013
Sold by
Dorsey Lillie F
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jun 16, 2005
Sold by
Clements Carla R
Bought by
Schindelbeck Dennis J

Purchase Details

Closed on
May 30, 2001
Sold by
Hernandez Gustavo and Hernandez Maria G
Bought by
Dorsey Lillie F and Clements Carla R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,336
Interest Rate
7.11%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 29, 1998
Sold by
Fiedler Herbert M
Bought by
Hernandez Gustavo and Hernandez Maria G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,625
Interest Rate
6.68%
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
Escamilla Jose L $320,000 None Listed On Document
Cuming Holdings Llc $150,000 First American Title Company
West Star Industries Llc -- None Available
Federal National Mortgage Association -- Premier Title
Schindelbeck Dennis J $13,500 --
Dorsey Lillie F $153,500 Chicago Title Insurance Co
Hernandez Gustavo $117,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Escamilla Jose L $304,000
Previous Owner Dorsey Lillie F $151,336
Previous Owner Hernandez Gustavo $111,625
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/19/2024 08/19/24 Sold $320,000 -1.5% --
07/03/2024 07/03/24 Pending -- -- --
06/28/2024 06/28/24 For Sale $325,000 +403.9% --
05/19/2014 05/19/14 Sold $64,500 -2.1% -- View Prior Sale
05/08/2014 05/08/14 Price Changed $65,900 0.0% --
05/04/2014 05/04/14 Pending -- -- --
04/07/2014 04/07/14 For Sale $65,900 0.0% --
01/31/2014 01/31/14 Pending -- -- --
01/16/2014 01/16/14 For Sale $65,900 -- --
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 $5,860 $73,219 $12,559 $60,660
2023 $5,639 $66,148 $11,346 $54,802
2022 $4,836 $55,773 $10,346 $45,427
2021 $4,652 $52,144 $9,673 $42,471
2020 $4,540 $49,779 $9,234 $40,545
2019 $4,429 $47,418 $8,796 $38,622
2018 $4,416 $44,670 $8,286 $36,384
2017 $4,343 $42,229 $7,833 $34,396
2016 $4,178 $39,177 $7,267 $31,910
2015 -- $35,909 $6,661 $29,248
2014 -- $35,466 $6,579 $28,887
2013 -- $36,402 $6,753 $29,649
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12096107

Midwest Real Estate Data (MRED)

APN: 06-24-201-019