NOT LISTED FOR SALE

423 E Chicago St Unit B Elgin, IL 60120

Gifford Park Neighborhood

Estimated Value: $92,000 - $225,000

2 Beds
1 Bath
651 Sq Ft
-- Built

Sale Details

Date Sold: December 9, 2024

Last sale price $85,000 $131 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $1,075 / mo

25 Days on Market

Highlights

  • Main Floor Bedroom
  • Laundry Room
  • Dining Room
  • Living Room
  • Forced Air Heating System
  • 4-minute walk to Channing Park

About This Home

As of December 2024

INVESTORS, 9.85% CAP HERE, TENANT ALREADY IN PLACE UNTIL MARCH 2025 AT $1,400/MO! RARELY AVAILABLE 1ST-FLOOR CONDO WITH NO STAIRS, FRESHLY PAINTED AND MOVE-IN READY! THIS CHARMING 2-BEDROOM UNIT IS A CASH COW. THE UPDATED KITCHEN AND BATHROOM IS A NICE TOUCH, OFFERING MODERN CABINETS, COUNTERTOPS, AND FLOORING. ALL NEWER APPLIANCES ARE INCLUDED. SITUATED IN THE HEART OF DOWNTOWN ELGIN, YOU'LL ENJOY FANTASTIC RESTAURANTS AND SHOPPING OPTIONS JUST STEPS AWAY. CASH OR COMMERCIAL LOAN ONLY, BUILDING'S HOA IS SELF-MANAGED.

Last Agent to Sell the Property

Rich Wolnik

Jason Mitchell Real Estate IL License #475164160 Listed on: 10/14/2024

Jason Mitchell Real Estate IL

Co-Listed By

Adrian Punzalan

Real People Realty License #475209690

Last Buyer's Agent

Juan Navarro

American International Realty Corp. License #475194652

American International Realty Corp.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,776

Year Renovated

  • 2017

HOA Fees

  • $225 Monthly HOA Fees

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 4-Story Property
  • Window Treatments
  • Family Room
  • Living Room
  • Dining Room
  • Laminate Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • Main Floor Bedroom
  • 1 Full Bathroom

Parking

  • 1 Parking Space
  • Driveway
  • Uncovered Parking
  • Parking Included in Price
  • Assigned Parking

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

Overview

  • Association fees include water, parking, insurance, exterior maintenance, lawn care, scavenger
  • 14 Units
  • Oor Association
  • Condo

Amenities

  • Laundry Facilities

Pet Policy

  • Limit on the number of pets
  • Pet Size Limit
  • Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,776

Year Renovated

2017

HOA Fees

$225 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo
  • Age: Unknown
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Unit Floor Level: 1
  • Rehab Year: 2017
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4
  • Year Renovated: 2017

Interior Features

  • Basement: Full
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: First Floor Bedroom, Some Window Treatment
  • Room Type: No additional rooms
  • Stories Total: 4
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Flooring: Wood Laminate

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Assigned
  • ParkingTotal: 1
  • Driveway: Asphalt
  • Parking: Space/s
  • Parking On-Site: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Natural Gas, Forced Air
  • Laundry Features: Common Area
  • Water Source: Public

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Number Limit, Size Limit
  • Association Fee: 225
  • Association Fee Frequency: Monthly
  • Management: Self-Management
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Self Managed
  • Management Contact Name: OOR
  • Management Phone: 000-000-0000
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Parking, Insurance, Exterior Maintenance, Lawn Care, Scavenger

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: COMMON
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 1776.08
  • Tax Year: 2023
  • Tax Exemptions: None

Multi Family

  • Units in Building: 14

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
Oct 14, 2024
Closed on
Nov 15, 2024
Sold by
Bought by
Seller's Agent
Rich Wolnik
Jason Mitchell Real Estate IL
Buyer's Agent
Juan Navarro
American International Realty Corp.
List Price
$125,000
Sold Price
$85,000
Premium/Discount to List
-$40,000
-32%
Views
118
Current Estimated Value
$129,632

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,632
Avg. Annual Appreciation
30.84%

Purchase Details

Listed on
Apr 11, 2021
Closed on
Apr 7, 2021
Sold by
Bought by
Seller's Agent
Iven Kiser
Kale Realty
Buyer's Agent
Iven Kiser
Kale Realty
Sold Price
$1,200

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.71%

Purchase Details

Closed on
Mar 10, 2010
Sold by
Bought by

Purchase Details

Closed on
Feb 10, 2010
Sold by
Bought by

Purchase Details

Closed on
Jul 20, 2009
Sold by
Bought by

Purchase Details

Closed on
Jul 14, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
6.25%
Mortgage Type
New Conventional
Source: Public Records
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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
$85,000 None Listed On Document
$94,000 Fidelity National Title
-- None Available
$22,000 Attorneys Title Guaranty Fun
-- None Available
$125,000 Alliance Title
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 $125,000
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 Prior Sale
12/09/2024 12/09/24 Sold $85,000 -15.0% $131 / Sq Ft
11/08/2024 11/08/24 Pending -- -- --
10/30/2024 10/30/24 Price Changed $100,000 -20.0% $154 / Sq Ft
10/14/2024 10/14/24 For Sale $125,000 0.0% $192 / Sq Ft
05/01/2021 05/01/21 Rented $1,200 0.0% --
04/19/2021 04/19/21 Under Contract -- -- --
04/11/2021 04/11/21 For Rent $1,200 0.0% --
04/09/2021 04/09/21 Sold $94,000 -9.6% $144 / Sq Ft View Prior Sale
03/19/2021 03/19/21 Pending -- -- --
03/17/2021 03/17/21 For Sale $104,000 +10.6% $160 / Sq Ft
03/14/2021 03/14/21 Off Market $94,000 -- --
02/18/2021 02/18/21 Price Changed $104,000 -4.6% $160 / Sq Ft
02/09/2021 02/09/21 For Sale $109,000 -- $167 / Sq Ft
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 $1,846 $23,062 $6,690 $16,372
2023 $1,776 $20,835 $6,044 $14,791
2022 $1,647 $18,998 $5,511 $13,487
2021 $1,585 $17,761 $5,152 $12,609
2020 $1,546 $16,955 $4,918 $12,037
2019 $1,508 $16,151 $4,685 $11,466
2018 $1,504 $15,216 $4,414 $10,802
2017 $1,480 $14,385 $4,173 $10,212
2016 $1,423 $13,345 $3,871 $9,474
2015 -- $12,232 $3,548 $8,684
2014 -- $12,081 $3,504 $8,577
2013 -- $12,399 $3,596 $8,803
Source: Public Records

Agents Affiliated with this Home

  • Rich Wolnik

    Seller's Agent in 2024

    Rich Wolnik

    Jason Mitchell Real Estate IL

    (847) 409-0222

    2 in this area

    38 Total Sales

    Rich Wolnik
    Section Image
  • Adrian Punzalan

    Seller Co-Listing Agent in 2024

    Adrian Punzalan

    Real People Realty

    (224) 402-3668

    2 in this area

    34 Total Sales

    Adrian Punzalan
    Section Image

  • J

    Buyer's Agent in 2024

    Juan Navarro

    American International Realty Corp.

    (224) 877-1124

    2 in this area

    10 Total Sales

    Juan Navarro
    Section Image
  • Dominic Levita

    Seller's Agent in 2021

    Dominic Levita

    Providence Residential Brokerage LLC

    (847) 452-8992

    98 Total Sales

    Dominic Levita
    Section Image
  • Iven Kiser

    Seller's Agent in 2021

    Iven Kiser

    Kale Realty

    (312) 543-3817

    4 Total Sales

    Iven Kiser
    Section Image
  • Jason Jones

    Buyer's Agent in 2021

    Jason Jones

    eXp Realty

    (773) 807-0197

    67 Total Sales

    Jason Jones
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12188448

Midwest Real Estate Data (MRED)

APN: 06-13-327-021

Illinois Kane County Elgin 60120 Gifford Park

423 E Chicago St Unit B, 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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