NOT LISTED FOR SALE

40 N Union St Elgin, IL 60123

Near West Elgin Neighborhood

Estimated Value: $287,823 - $321,000

5 Beds
3 Baths
-- Sq Ft
0.25 Acre Lot

Sale Details

Date Sold: July 19, 2022

Last sale price $240,000

Est. 19% increase in value since last sale

Current estimated payment $1,962 / mo

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 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

  • 10,890 Sq Ft 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

0.25 Acres

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
  • Actual Status: Closed
  • 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
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • ExteriorFeatures: Storms/Screens
  • Foundation Details: Concrete Perimeter
  • 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

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2022
Closed on
Jul 18, 2022
Sold by
Bought by
Seller's Agent
Maria Ruiz
Brokerocity
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
$285,662

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,662
Avg. Annual Appreciation
5.50%

Purchase Details

Closed on
May 6, 2009
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$240,000 --
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

  • Maria Ruiz

    Seller's Agent in 2022

    Maria Ruiz

    Brokerocity

    (815) 236-1543

    1 in this area

    246 Total Sales

    Maria Ruiz
    Section Image

  • E

    Buyer's Agent in 2022

    Eddie Quintana-Garcia

    Monarch Home Real Estate Assoc

    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11453073

Midwest Real Estate Data (MRED)

APN: 06-14-327-020

Illinois Kane County Elgin 60123 Near West Elgin

40 N Union St, Elgin, IL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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