NOT LISTED FOR SALE

418 Addison St Unit 20 Elgin, IL 60120

Estimated Value: $230,000 - $292,000

3 Beds
2 Baths
-- Sq Ft
10,149 Sq Ft Lot

Last Sold April 24, 2015

Last sale price $80,000

Est. 216% increase in value since last sale

Current estimated payment $1,796/month

7 Days on Market

About This Home

As of April 2015

GREAT INVESTMENT PROPERTY/ 2-UNIT BUILDING WITH LOT OF POTENTIAL/ PROPERTY BEING SOLD IN "AS-IS" CONDITION/ NO SURVEY NOR DISCLOSURES/ PRE-APPROVALS NOT PRE-QUALIFICATION LETTERS/ PROOF OF FUNDING MUST ACCOMPANY ALL OFFERS. UNIT 420 IS CURRENTLY OCCUPIED, GARAGE IS RENTED SEPARATELY. READY TO GO -- LIVE IN OR RENT OUT. BUILDING MAY BE ABLE TO GO FHA.

Last Agent to Sell the Property

Mary Hager-Swanson

Swanson Real Estate License #471003655 Listed on: 02/06/2015

Last Buyer's Agent

Federico Romero

Bonanza Realty License #475133035

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,113

Lot Details

  • 10,149

Parking

  • 2 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Asphalt Roof

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 2 Bathrooms

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 25x140
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,113

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Other Equipment: CO Detectors
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • List Price: 85000
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Other

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, Electric
  • Water Source: Public

Schools

  • Middle/Junior School District: 46

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 25X140
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: U

Rental Info

  • Board Number: 5

Tax Info

  • Tax Annual Amount: 3113
  • Tax Year: 2013
  • Tax Exemptions: None

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2015
Closed on
Apr 17, 2015
Sold by
Wmsy Properties Llc
Bought by
Quevedo Jorge
Seller's Agent
Mary Hager-Swanson
Swanson Real Estate
Buyer's Agent
Federico Romero
Bonanza Realty
List Price
$85,000
Sold Price
$80,000
Premium/Discount to List
-$5,000
-5.88%
Current Estimated Value
$252,870

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$172,870
Avg. Annual Appreciation
10.83%
Original Mortgage
$60,000
Outstanding Balance
$46,834
Interest Rate
3.73%
Mortgage Type
New Conventional
Estimated Equity
$180,564

Purchase Details

Closed on
Oct 15, 2014
Sold by
State Bank Of Illinois
Bought by
Wmsy Properties Llc 418 420 Addison Seri

Purchase Details

Closed on
Oct 20, 2009
Sold by
Bomhack Robert and Bomhack Larue
Bought by
State Bank Of Illinois and Trust #1-1357

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,279
Interest Rate
6.87%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 16, 2009
Sold by
Jpmorgan Chase Bank National Association
Bought by
Bromback Larue and Bromback Robert

Purchase Details

Closed on
Dec 12, 2008
Sold by
Perez Fidelmar and Enciso Ema
Bought by
Jp Morgan Chase Bank National Associatio and Washington Mutual Bank

Purchase Details

Closed on
Feb 25, 2005
Sold by
Hernandez David Horta
Bought by
Perez Fidelmar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,000
Interest Rate
7.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 6, 2001
Sold by
Romo Marin G and Romo Virginia M
Bought by
Hernandez David Horta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,612
Interest Rate
6.99%
Mortgage Type
FHA
Source: Public Records

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Range of Values:

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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
Quevedo Jorge $80,000 Chicago Title Insurance Co
Wmsy Properties Llc 418 420 Addison Seri -- None Available
State Bank Of Illinois -- None Available
Bromback Larue $65,000 Forum Title Insurance Co
Jpmorgan Chase Bank National Association -- Forum Title Insurance Co
Jp Morgan Chase Bank National Associatio $139,400 None Available
Perez Fidelmar $207,500 --
Hernandez David Horta $170,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Quevedo Jorge $60,000
Previous Owner Bomhack Robert $114,279
Previous Owner Bomhack Robert $128,067
Previous Owner Perez Fidelmar $166,000
Previous Owner Hernandez David Horta $166,612
Previous Owner Romo Marin G $40,000
Closed Perez Fidelmar $41,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/24/2015 04/24/15 Sold $80,000 -5.9% --
02/13/2015 02/13/15 Pending -- -- --
02/06/2015 02/06/15 For Sale $85,000 -- --
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
2023 $4,705 $55,192 $12,853 $42,339
2022 $4,059 $46,816 $11,720 $35,096
2021 $3,905 $43,769 $10,957 $32,812
2020 $3,811 $41,784 $10,460 $31,324
2019 $3,717 $39,802 $9,964 $29,838
2018 $3,707 $37,496 $9,387 $28,109
2017 $3,646 $35,447 $8,874 $26,573
2016 $3,507 $32,886 $8,233 $24,653
2015 -- $30,143 $7,546 $22,597
2014 -- $29,771 $7,453 $22,318
2013 -- $30,557 $7,650 $22,907
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 08833902

Midwest Real Estate Data (MRED)

APN: 06-13-132-019