NOT LISTED FOR SALE

438 Edwards Ave West Dundee, IL 60118

Estimated Value: $443,029 - $560,000

6 Beds
5 Baths
-- Sq Ft
6,970 Sq Ft Lot

Last Sold December 20, 2019

Last sale price $325,000

Est. 55% increase in value since last sale

Current estimated payment $3,439/month

3 Days on Market

Highlights

  • 2 Car Attached Garage
  • Ceiling Fan
  • Multiple Water Heaters
  • Dundee Highlands Elementary School Rated A-
  • Heating System Uses Steam

About This Home

As of December 2019

Rare opportunity for either an owner occupant or investor with this completely remodeled multi-unit building. Two updated 3 bed, 1.1 bath units with refinished hardwood flooring in the living room and all 3 bedrooms plus a spacious kitchen and separate dining room with new flooring. Freshly painted, totally updated lighting and flooring throughout. Also has an in-law studio with another full bath. Newer mechanicals. Coin laundry and storage/ parking in the attached 2.5 car garage. Live in one unit and rent out the other two or rent out all three! Similar 3 bedroom units are renting for $1,500 and the studio was recently rented for $750 making this an exceptional investment! Incredible location near downtown West Dundee, shopping, restaurants, metra and the expressway.

Last Agent to Sell the Property

Joan Couris

Keller Williams Thrive License #475155965 Listed on: 11/19/2019

Keller Williams Thrive

Last Buyer's Agent

Christopher Davis

Tanis Group Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,253

Year Built

  • Built in 1961 | Remodeled in 2019

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 60x119x59x118

Parking

  • 2 Car Attached Garage
  • Parking Space is Owned

Home Design

  • Converted Dwelling
  • Brick Exterior Construction

Interior Spaces

  • Ceiling Fan
  • Finished Basement
  • English Basement

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 5 Bathrooms

Utilities

  • Heating System Uses Steam
  • Individual Controls for Heating
  • Multiple Water Heaters

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,253

Year Built

Built in 1961 | Remodeled in 2019

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1961
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2019
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2019

Interior Features

  • Basement: English
  • Total Bathrooms: 5
  • Total Bedrooms: 6
  • Other Equipment: Ceiling Fan(s), Multiple Water Heaters
  • Basement Description: Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 2
  • MRD_AppliancesAndFeatures: Stove,Microwave,Window Air Conditioner,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave,Window Air Conditioner,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave,Window Air Conditioner,Hardwood Floors

Exterior Features

  • List Price: 299900
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Steam, Indv Controls
  • Water Source: Public

Schools

  • Middle/Junior School District: 300

Lot Info

  • Lot Size Acres: 0.16
  • Lot Dimensions: 60X119X59X118
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 5

Tax Info

  • Tax Annual Amount: 7253
  • Tax Year: 2018

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: Converted Residence

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 19, 2019
Closed on
Dec 20, 2019
Sold by
Freise Randal N and Freise Connie J
Bought by
Wroten Nathan E
Seller's Agent
Joan Couris
Keller Williams Thrive
Buyer's Agent
Christopher Davis
Tanis Group Realty
List Price
$299,900
Sold Price
$325,000
Premium/Discount to List
$25,100
8.37%
Current Estimated Value
$503,007

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$178,007
Avg. Annual Appreciation
7.97%
Original Mortgage
$309,294
Interest Rate
3.37%
Mortgage Type
FHA
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
Wroten Nathan E $320,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wroten Nathan E $309,294
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2019 12/20/19 Sold $325,000 +8.4% --
11/22/2019 11/22/19 Pending -- -- --
11/19/2019 11/19/19 For Sale $299,900 -- --
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 $9,399 $123,315 $26,733 $96,582
2023 $8,810 $110,954 $24,053 $86,901
2022 $7,998 $96,780 $24,053 $72,727
2021 $7,715 $91,380 $22,711 $68,669
2020 $7,571 $89,325 $22,200 $67,125
2019 $7,883 $84,797 $21,075 $63,722
2018 $7,253 $76,049 $20,658 $55,391
2017 $6,940 $71,141 $19,325 $51,816
2016 $6,473 $62,881 $18,711 $44,170
2015 -- $58,922 $17,533 $41,389
2014 -- $57,295 $17,049 $40,246
2013 -- $59,049 $17,571 $41,478
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10577363

Midwest Real Estate Data (MRED)

APN: 03-27-230-021