Seller's Agent in 2018
Kate Schumacher
Baird Warner
(847) 624-3153
5 in this area
120 Total Sales
438 S 3rd St West Dundee, IL 60118
Estimated Value: $354,000 - $447,000
6
Beds
5
Baths
1,984
Sq Ft
$205/Sq Ft
Est. Value
Highlights
- 1 Fireplace
- Laundry Room
- Forced Air Heating System
- Dundee Highlands Elementary School Rated A-
- Storage Room
- Baseboard Heating
About This Home
As of January 2018This unique two building property boasts 5 rental units. Main building is a gorgeous stone 2-flat with a big front porch with arches and columns. The downstairs unit has hardwood floors and trim and wood built-ins throughout, a beautiful antique iron tiled fireplace and a cozy eat-in kitchen. The upstairs unit is a bright and sunny 2 bedroom, one bath, with newer windows, eat-in kitchen and sun room. Original stained glass windows, a new cement driveway and front steps. The coach house has an attached 5 car garage with new garage doors. Three charming 1 bedroom, 1 bath units with hardwood floors. A new asphalt driveway in back, new water heater, shutters, and gutters. Coach house has month to month renters. All 5 Units rented out. This is a great investment, two properties for the price of one.
Last Agent to Sell the Property
Baird & Warner Real Estate - A License #471005002 Listed on: 03/08/2017
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,643
Year Built
- Built in 1894
Lot Details
- 0.26 Acre Lot
- Lot Dimensions are 63 x 186
Parking
- 6 to 12 Parking Spaces
Home Design
- Composition Roof
- Rubber Roof
- Concrete Perimeter Foundation
Interior Spaces
- 1,984 Sq Ft Home
- 2-Story Property
- 1 Fireplace
- Storage Room
- Laundry Room
Bedrooms and Bathrooms
- 6 Bedrooms
- 5 Bathrooms
Unfinished Basement
- Exterior Basement Entry
- Rough-In Basement Bathroom
Utilities
- No Cooling
- Forced Air Heating System
- Baseboard Heating
- Hot Water Heating System
- Heating System Uses Gas
- Separate Meters
Listing and Financial Details
- Tenant pays for electricity, heat
Community Details
Overview
- 5 Units
Building Details
- Electric Expense $401
- Fuel Expense $1,178
- Insurance Expense $2,378
- Maintenance Expense $1,500
- Other Expense $1,020
- Water Sewer Expense $1,828
- Operating Expense $5,210
- Gross Income $43,800
- Net Operating Income $27,554
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 8, 2025
Sold by
Patterson Michael and Patterson Bridgette
Bought by
Slate Property Management Ii Llc
Current Estimated Value
Purchase Details
Listed on
Mar 8, 2017
Closed on
Jan 16, 2018
Sold by
Betterton Carol A and Zarbock Michael G
Bought by
Patterson Michael and Patterson Bridgette
Seller's Agent
Kate Schumacher
Baird & Warner Real Estate - A
Buyer's Agent
Matt Lysien
Suburban Life Realty, Ltd
List Price
$384,900
Sold Price
$345,000
Premium/Discount to List
-$39,900
-10.37%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.06%
Original Mortgage
$315,000
Interest Rate
3.94%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 9, 1997
Sold by
Zarbock Howard and Zarbock Nevina M
Bought by
Zarbock Howard L and Zarbock Nevina M
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Slate Property Management Ii Llc | -- | None Listed On Document | |
| Slate Property Management Ii Llc | -- | None Listed On Document | |
| Patterson Michael | $345,000 | Chicago Title Insurance Co | |
| Zarbock Howard L | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Patterson Michael | $315,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/17/2018 01/17/18 | Sold | $345,000 | 0.0% | $174 / Sq Ft |
| 11/28/2017 11/28/17 | Off Market | $345,000 | -- | -- |
| 11/15/2017 11/15/17 | Pending | -- | -- | -- |
| 10/30/2017 10/30/17 | Price Changed | $365,900 | -4.9% | $184 / Sq Ft |
| 09/07/2017 09/07/17 | For Sale | $384,900 | 0.0% | $194 / Sq Ft |
| 08/29/2017 08/29/17 | Pending | -- | -- | -- |
| 08/15/2017 08/15/17 | Price Changed | $384,900 | -1.3% | $194 / Sq Ft |
| 03/08/2017 03/08/17 | For Sale | $389,900 | -- | $197 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $11,039 | $135,435 | $20,394 | $115,041 |
| 2023 | $10,428 | $121,860 | $18,350 | $103,510 |
| 2022 | $10,608 | $120,414 | $18,350 | $102,064 |
| 2021 | $10,273 | $113,695 | $17,326 | $96,369 |
| 2020 | $10,098 | $111,138 | $16,936 | $94,202 |
| 2019 | $9,807 | $105,504 | $16,077 | $89,427 |
| 2018 | $9,863 | $103,415 | $15,759 | $87,656 |
| 2017 | $9,438 | $96,740 | $14,742 | $81,998 |
| 2016 | $9,643 | $93,668 | $14,274 | $79,394 |
| 2015 | -- | $86,270 | $18,347 | $67,923 |
| 2014 | -- | $83,887 | $17,840 | $66,047 |
| 2013 | -- | $86,455 | $18,386 | $68,069 |
Source: Public Records
Agents Affiliated with this Home
-
Kate Schumacher
-
Matt Lysien
Buyer's Agent in 2018
Matt Lysien
Suburban Life Realty, Ltd
(847) 309-6939
5 in this area
527 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 09524526
APN: 03-27-230-036
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