NOT LISTED FOR SALE

40 N Union St Elgin, IL 60123

Estimated Value: $277,570 - $371,000

5 Beds
3 Baths
-- Sq Ft
0.25 Acres

Last Sold July 19, 2022

Last sale price $240,000

Est. 28% increase in value since last sale

Current estimated payment $2,039/month

4 Days on Market

Highlights

  • Farmhouse Style Home
  • Corner Lot
  • Forced Air Heating System

About This Home

As of July 2022

LOOKING FOR GREAT OPPORTUNITY TO INVEST OR LIVE IN ONE UNIT AND RENT OUT THE OTHER ONE. GREAT INCOME POTENTIAL. LOWER LEVEL OFFERS 3 BEDROOMS AND ONE BATHROOM, UPPER UNIT IS VACANT AND OFFERS 2 BEDROOMS AND ONE BATHROOM. SEPARATE ELECTRIC. CENTRAL AIR IS NOT CONNECTED, NEWER WATER HEATER. PARKING FOR 6 CARS. SOME NEWER WINDOWS. UPPER UNIT OFFERS NEWER CARPET. OVERSIZED BASEMENT OFFERS STORAGE, OFFICE AREA AND FULL BATH. BOTH UNITS HAVE YEARLY LEASES NOW. ONLY AN INVESTOR BUYER

Last Agent to Sell the Property

Maria Ruiz

Brokerocity Inc License #475156689 Listed on: 07/02/2022

Last Buyer's Agent

Eddie Quintana-Garcia

Monarch Home Real Estate Assoc License #475176345

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,816

Lot Details

  • 0.25 Acre Lot
  • Corner Lot
  • Paved or Partially Paved Lot

Home Design

  • Farmhouse Style Home
  • Asphalt Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 3 Bathrooms

Partially Finished Basement

  • Basement Fills Entire Space Under The House

Parking

  • 6 Parking Spaces
  • Driveway
  • Uncovered Parking
  • Off-Street Parking
  • Parking Space is Owned

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,816

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Farmhouse
  • New Construction: No
  • Age: 81-90 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • 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: 5
  • Basement Description: Partially Finished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • ExteriorFeatures: Storms/Screens
  • Foundation Details: Concrete Perimeter
  • List Price: 249990
  • Lot Features: Corner Lot
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Parking Features: Off Street, Driveway
  • ParkingTotal: 6
  • Number of Cars: 6
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved
  • Conversion YN: Y

Schools

  • Middle/Junior School District: 46

Lot Info

  • Lot Size Acres: 0.25
  • Lot Dimensions: 100X132 APPROX
  • Zoning: SINGL
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 5

Tax Info

  • Tax Annual Amount: 3816
  • Tax Year: 2020
  • Tax Exemptions: None

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat,Converted Residence

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2022
Closed on
Jul 18, 2022
Sold by
Raya Esmeraldo G and Raya Rosa G
Bought by
Gonzalez Rosendo Gonzalez
Seller's Agent
Maria Ruiz
Brokerocity Inc
Buyer's Agent
Eddie Quintana-Garcia
Monarch Home Real Estate Assoc
List Price
$249,990
Sold Price
$240,000
Premium/Discount to List
-$9,990
-4%
Current Estimated Value
$306,893

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,893
Avg. Annual Appreciation
5.49%

Purchase Details

Closed on
May 6, 2009
Sold by
Raya Esmeraldo and Raya Rosa G
Bought by
Raya Esmeraldo and Raya Rosa G
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Gonzalez Rosendo Gonzalez $240,000 --
Raya Esmeraldo -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Raya Esmeraldo $176,000
Previous Owner Raya Esmeraldo $80,000
Previous Owner Raya Esmeraldo $107,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2022 07/19/22 Sold $240,000 -4.0% --
07/07/2022 07/07/22 Pending -- -- --
07/02/2022 07/02/22 For Sale $249,990 -- --
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 $5,031 $62,863 $13,128 $49,735
2023 $4,841 $56,792 $11,860 $44,932
2022 $4,167 $48,059 $10,814 $37,245
2021 $4,009 $44,931 $10,110 $34,821
2020 $3,912 $42,894 $9,652 $33,242
2019 $3,816 $40,859 $9,194 $31,665
2018 $3,805 $38,491 $8,661 $29,830
2017 $3,743 $36,388 $8,188 $28,200
2016 $3,600 $33,758 $7,596 $26,162
2015 -- $30,942 $6,962 $23,980
2014 -- $30,560 $6,876 $23,684
2013 -- $31,366 $7,057 $24,309
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11453073

Midwest Real Estate Data (MRED)

APN: 06-14-327-020