Seller's Agent in 2025
Ashlee Fox
Berkshire Hathaway HomeServices Starck Real Estate
(847) 809-8424
4 in this area
130 Total Sales
398 E Chicago St Elgin, IL 60120
Gifford Park Neighborhood
--
Bed
--
Bath
4,238
Sq Ft
1910
Built
Highlights
- Laundry Room
- Forced Air Heating and Cooling System
- 3-minute walk to James T Gifford Park
- Storage Room
About This Home
As of August 2025This 5 unit building has been updated, has excellent rental income and is ready for new ownership. Four 2 bedroom, 2 bath units, and one studio, plus coin laundry and storage. Two units have been updated with forced air, the rest of the building is boiler heat. Tenants pay electric. Appliances have been updated in 4 of the units, as well as a new concrete driveway. Original charm throughout. One is vacant to show. Sold with 16 N Gifford as it currently shares a driveway. Selling as-is.
Last Agent to Sell the Property
Berkshire Hathaway HomeServices Starck Real Estate License #475175492 Listed on: 06/16/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,467
Year Built
- Built in 1910
Lot Details
- Lot Dimensions are 131 x 53
Home Design
- Quadruplex
- Brick Exterior Construction
Interior Spaces
- 4,238 Sq Ft Home
- 2-Story Property
- Storage Room
- Laundry Room
Utilities
- Forced Air Heating and Cooling System
- Window Unit Cooling System
- Radiant Heating System
Listing and Financial Details
- Tenant pays for electricity
Community Details
Overview
- 5 Units
Building Details
- Operating Expense $20,000
- Gross Income $98,540
- Net Operating Income $78,540
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 16, 2025
Closed on
Aug 11, 2025
Sold by
Alfamerica Llc
Bought by
Ihsan Qadir Trust and Qadir
Seller's Agent
Ashlee Fox
Berkshire Hathaway HomeServices Starck Real Estate
Buyer's Agent
Patricia Briones
Era Chicago Realty Inc
List Price
$775,000
Sold Price
$650,000
Premium/Discount to List
-$125,000
-16.13%
Views
112
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4480.52%
Purchase Details
Listed on
Dec 9, 2022
Closed on
Mar 9, 2023
Sold by
Ann L Mapes Trust and Donald L Mapes Trust
Bought by
Alfamerica Llc
Seller's Agent
Rudy Johnson
Keller Williams Inspire - Geneva
Buyer's Agent
Ashlee Fox
Berkshire Hathaway HomeServices Starck Real Estate
List Price
$550,000
Sold Price
$500,000
Premium/Discount to List
-$50,000
-9.09%
Views
375
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.30%
Purchase Details
Closed on
Nov 4, 1998
Sold by
Mapes Donald L and Mapes Ann L
Bought by
Mapes Ann L and Mapes Donald 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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $600,000 | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/25/2025 08/25/25 | Sold | $650,000 | -16.1% | $153 / Sq Ft |
| 07/22/2025 07/22/25 | Pending | -- | -- | -- |
| 06/16/2025 06/16/25 | For Sale | $775,000 | 0.0% | $183 / Sq Ft |
| 08/08/2023 08/08/23 | For Rent | $1,900 | 0.0% | -- |
| 07/05/2023 07/05/23 | Price Changed | $1,900 | 0.0% | -- |
| 07/03/2023 07/03/23 | For Rent | $1,900 | 0.0% | -- |
| 03/15/2023 03/15/23 | Sold | $500,000 | -9.1% | $118 / Sq Ft |
| 02/14/2023 02/14/23 | Pending | -- | -- | -- |
| 02/06/2023 02/06/23 | For Sale | $550,000 | +10.0% | $130 / Sq Ft |
| 01/26/2023 01/26/23 | Off Market | $500,000 | -- | -- |
| 01/06/2023 01/06/23 | Price Changed | $550,000 | -8.3% | $130 / Sq Ft |
| 12/09/2022 12/09/22 | For Sale | $600,000 | -- | $142 / Sq Ft |
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 | $9,467 | $118,300 | $17,044 | $101,256 |
| 2023 | $9,111 | $106,875 | $15,398 | $91,477 |
| 2022 | $8,450 | $97,451 | $14,040 | $83,411 |
| 2021 | $8,128 | $91,109 | $13,126 | $77,983 |
| 2020 | $7,933 | $86,978 | $12,531 | $74,447 |
| 2019 | $7,738 | $82,852 | $11,937 | $70,915 |
| 2018 | $7,717 | $78,051 | $11,245 | $66,806 |
| 2017 | $7,589 | $73,787 | $10,631 | $63,156 |
| 2016 | $7,301 | $68,455 | $9,863 | $58,592 |
| 2015 | -- | $62,745 | $9,040 | $53,705 |
| 2014 | -- | $61,970 | $8,928 | $53,042 |
| 2013 | -- | $63,605 | $9,164 | $54,441 |
Source: Public Records
Agents Affiliated with this Home
-
Ashlee Fox
-
Patricia Briones
P
Buyer's Agent in 2025
Patricia Briones
Era Chicago Realty Inc
(630) 479-2466
2 in this area
55 Total Sales
-
R
Seller's Agent in 2023
Rudy Johnson
Keller Williams Inspire - Geneva
-
Sharon Mennerick
Seller Co-Listing Agent in 2023
Sharon Mennerick
HomeSmart Connect LLC
(630) 408-5844
9 in this area
99 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12392663
APN: 06-13-182-029
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