NOT LISTED FOR SALE

427 Jefferson Ave Elgin, IL 60120

Northeast Elgin Neighborhood

Estimated Value: $279,000 - $295,000

4 Beds
2 Baths
-- Sq Ft
8,276 Sq Ft Lot

Last Sold August 27, 2020

Last sale price $175,000

Est. 65% increase in value since last sale

Current estimated payment $2,073/month

24 Days on Market

About This Home

As of August 2020

Opportunity Knocking. Two for the price of one. Larger home features four bedrooms and two baths. Second home is one bedroom studio and currently being rented. Large three car garage. Some TLC needed but lots of potential for the savvy buyer. Rental permits are current with the city of Elgin. SOLD AS-IS.

Last Agent to Sell the Property

Julian Mendoza

Universal Real Estate LLC License #471013859 Listed on: 06/29/2020

Last Buyer's Agent

Chris Louangrath

Real People Realty License #475162894

Real People Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,593

Year Built

  • Built in 1880

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 73x116

Parking

  • 3 Car Detached Garage
  • Parking Space is Owned

Interior Spaces

  • 2-Story Property
  • Finished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms

Utilities

  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,593

Year Built

Built in 1880

Lot Details

8,276 Sq Ft Lot

Parking

3

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1880
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Aluminum Siding,Vinyl Siding,Steel Siding

Garage/Parking

  • Garage Spaces: 3
  • ParkingTotal: 3
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.19
  • Lot Dimensions: 73X116
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 5

Tax Info

  • Tax Annual Amount: 5593.16
  • Tax Year: 2018

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Story Unit/s

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2020
Closed on
Aug 25, 2020
Sold by
Garcia Salomon
Bought by
Aguileray Luis
Seller's Agent
Julian Mendoza
Universal Real Estate LLC
Buyer's Agent
Chris Louangrath
Real People Realty
List Price
$189,900
Sold Price
$175,000
Premium/Discount to List
-$14,900
-7.85%
Current Estimated Value
$288,460

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$113,460
Avg. Annual Appreciation
9.42%

Purchase Details

Closed on
Mar 3, 2003
Sold by
Garcia Roman
Bought by
Garcia Salomon

Purchase Details

Closed on
Sep 28, 2002
Sold by
Gomez Maria L and Garcia Julio C
Bought by
Garcia Salomon and Garcia Roman

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,650
Interest Rate
6.24%
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

Date Buyer Sale Price Title Company
Aguileray Luis $175,000 Ct
Garcia Salomon -- Chicago Title Insurance Comp
Garcia Salomon $178,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Garcia Salomon $172,650
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/27/2020 08/27/20 Sold $175,000 -7.8% --
07/23/2020 07/23/20 Pending -- -- --
06/29/2020 06/29/20 For Sale $189,900 -- --
Source: Midwest Real Estate Data (MRED)

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 $6,862 $85,746 $16,832 $68,914
2023 $6,604 $77,465 $15,206 $62,259
2022 $6,125 $70,634 $13,865 $56,769
2021 $5,892 $66,038 $12,963 $53,075
2020 $5,750 $63,043 $12,375 $50,668
2019 $5,609 $60,052 $11,788 $48,264
2018 $5,593 $56,573 $11,105 $45,468
2017 $5,501 $53,482 $10,498 $42,984
2016 $5,292 $49,617 $9,739 $39,878
2015 -- $45,479 $8,927 $36,552
2014 -- $44,918 $8,817 $36,101
2013 -- $46,103 $9,050 $37,053
Source: Public Records

Agents Affiliated with this Home

  • Julian Mendoza

    Seller's Agent in 2020

    Julian Mendoza

    Universal Real Estate LLC

    (847) 204-6600

    3 in this area

    120 Total Sales

    Julian Mendoza
    Section Image
  • Chris Louangrath

    Buyer's Agent in 2020

    Chris Louangrath

    Real People Realty

    (847) 305-7804

    9 Total Sales

    Chris Louangrath
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10763306

Midwest Real Estate Data (MRED)

APN: 06-12-380-006

Illinois Kane County Elgin 60120 Northeast Elgin

427 Jefferson Ave, Elgin, IL

Not Listed for Sale

MultiFamily

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) Based on information submitted to the MLS GRID. 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.
Based on information submitted to the MLS GRID

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