NOT LISTED FOR SALE

Estimated Value: $265,000 - $283,000

4 Beds
2 Baths
-- Sq Ft
6,970 Sq Ft Lot

Last Sold June 08, 2022

Last sale price $200,000

Est. 37% increase in value since last sale

Current estimated payment $1,864/month

6 Days on Market

Highlights

  • Corner Lot
  • 2 Car Detached Garage
  • Forced Air Heating System

About This Home

As of June 2022

Great investment opportunity!! Two-unit property in a great location ~ walkable to public transit and downtown Elgin! 1st Floor unit includes a living room, a large kitchen with an eating area, 3 bedrooms, and a full bath. 1st Floor unit also has access to the full basement which has a washer/dryer and tons of storage space. 2nd Floor unit features an eat-in kitchen, a spacious bedroom, and a full bath. Bus stop right in front of the home. Only one mile to the National Street Metra Station. Walking distance to historic downtown Elgin with shopping, dining, entertainment, and more! Don't miss this one!

Last Agent to Sell the Property

Sarah Leonard

Legacy Properties, A Sarah Leonard Company, LLC License #475122634 Listed on: 04/27/2022

Last Buyer's Agent

Sarah Leonard

Legacy Properties, A Sarah Leonard Company, LLC License #475122634 Listed on: 04/27/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,474

Year Built

  • Built in 1900

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 53x132
  • Corner Lot
  • Paved or Partially Paved Lot

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Asphalt Roof
  • Aluminum Siding
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House

Home Security

  • Storm Screens
  • Carbon Monoxide Detectors

Schools

  • Huff Elementary School
  • Ellis Middle School
  • Elgin High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

Overview

  • 2 Units
  • Shermans Subdivision

Building Details

  • Electric Expense $60
  • Fuel Expense $138

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,474

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Subdivision Name: Shermans
  • Year Built: 1900
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Other Equipment: CO Detectors
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave

Exterior Features

  • ExteriorFeatures: Storms/Screens
  • Foundation Details: Concrete Perimeter
  • List Price: 200000
  • Lot Features: Corner Lot
  • OtherStructures: None
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

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

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved

Schools

  • Elementary School: Huff Elementary School
  • High School: Elgin High School
  • Middle/Junior School: Ellis Middle School
  • Middle/Junior School District: 46

Lot Info

  • Lot Size Acres: 0.16
  • Lot Dimensions: 53X132
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Multi Family

  • Fuel Expense: 138
  • ElectricExpense: 60
  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 4474.18
  • Tax Year: 2020
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 27, 2022
Closed on
Jun 7, 2022
Sold by
Uribe Fiacro Luis and Uribe Sebera
Bought by
Chavez Ramon
Seller's Agent
Sarah Leonard
Legacy Properties, A Sarah Leonard Company, LLC
Buyer's Agent
Sarah Leonard
Legacy Properties, A Sarah Leonard Company, LLC
List Price
$200,000
Sold Price
$200,000
Current Estimated Value
$273,987

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,987
Avg. Annual Appreciation
9.73%
Original Mortgage
$152,000
Outstanding Balance
$147,259
Interest Rate
7.75%
Mortgage Type
New Conventional
Estimated Equity
$126,728
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
Chavez Ramon $200,000 Prado-Pagan Mayra
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chavez Ramon $152,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/08/2022 06/08/22 Sold $200,000 0.0% --
05/04/2022 05/04/22 Pending -- -- --
04/27/2022 04/27/22 For Sale $200,000 -- --
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 $5,124 $72,021 $13,747 $58,274
2023 $4,865 $65,065 $12,419 $52,646
2022 $4,766 $54,964 $11,324 $43,640
2021 $4,585 $51,387 $10,587 $40,800
2020 $4,474 $49,057 $10,107 $38,950
2019 $4,364 $46,730 $9,628 $37,102
2018 $4,352 $44,022 $9,070 $34,952
2017 $4,280 $41,616 $8,574 $33,042
2016 $3,478 $38,608 $7,954 $30,654
2015 -- $35,388 $7,291 $28,097
2014 -- $34,951 $7,201 $27,750
2013 -- $35,873 $7,391 $28,482
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11386803

Midwest Real Estate Data (MRED)

APN: 06-24-229-001