NOT LISTED FOR SALE

440 Park St Elgin, IL 60120

Northeast Elgin Neighborhood

Estimated Value: $414,000 - $445,000

5 Beds
3 Baths
-- Sq Ft
4,835 Sq Ft Lot

Last Sold December 05, 2022

Last sale price $352,000

Est. 20% increase in value since last sale

Current estimated payment $2,974/month

6 Days on Market

Highlights

  • Corner Lot
  • Lower Floor Utility Room
  • 2 Car Detached Garage

About This Home

As of December 2022

HERE IS AN EXCELLENT OPPORTUNITY TO OWN THIS SOLID, FULLY OCCUPIED, 3-UNIT BRICK BUILDING LOCATED IN THE HEART OF ELGIN'S HISTORICAL DISTRICT! EASY WALK TO DOWNTOWN, TRAIN, LIBRARY, CASINO, POST OFFICE, AND RIVER. ONE UNIT HAS 3 BEDROOMS, THE OTHER TWO UNITS HAVE ONE BEDROOM EACH. PROPERTY ALSO FEATURES SEPARATE UTILITIES, CONVENIENT COIN-OP LAUNDRY IN LOWER LEVEL AND A 2 CAR GARAGE. RENTS ARE LOWER THAN AVERAGE MARKET DUE TO LONG-TERM TENANTS. THE 3 GAS METERS ARE DIVIDED AS FOLLOWS: GAS METER 1 IS PAID BY TENANT AT UNIT 1, GAS METER 2 IS SPLIT BETWEEN TENANTS IN UNITS 2 & 3, GAS METER 3 IS PAID BY OWNER. THERE ARE 4 ELECTRIC METERS, EACH TENANT PAYS FOR THEIR OWN, AND THE FOURTH ONE IS PAID BY OWNER. DON'T MISS THIS FABULOUS OPPORTUNITY!

Last Agent to Sell the Property

Esther Zamudio

Zamudio Realty Group License #471021065 Listed on: 10/25/2022

Last Buyer's Agent

Cynthia Dumontelle

Coldwell Banker Realty License #475157495

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,135

Year Built

  • Built in 1959

Lot Details

  • 4,835

Parking

  • 2 Car Detached Garage
  • Driveway
  • Off-Street Parking
  • Parking Included in Price

Home Design

  • Brick Exterior Construction
  • Asphalt Roof

Interior Spaces

  • Lower Floor Utility Room
  • Finished Basement
  • English Basement

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 3 Bathrooms

Additional Features

  • Corner Lot
  • Heating System Uses Natural Gas

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,135

Year Built

Built in 1959

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: 1959
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: English
  • Total Bathrooms: 3
  • Total Bedrooms: 5
  • Room Type: Utility Room-Lower Level
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Lot Features: Corner Lot
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Off Street, Driveway
  • ParkingTotal: 2
  • Number of Cars: 4
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

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

Lot Info

  • Lot Dimensions: 4900
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 5
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 7134.6
  • Tax Year: 2021
  • Tax Exemptions: None

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 25, 2022
Closed on
Dec 5, 2022
Sold by
Vargas Patricia
Bought by
Vargas Patricia and Vargas Jessica
Seller's Agent
Esther Zamudio
Zamudio Realty Group
Buyer's Agent
Cynthia Dumontelle
Coldwell Banker Realty
List Price
$349,900
Sold Price
$352,000
Premium/Discount to List
$2,100
0.6%
Views
59
Current Estimated Value
$423,675

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,675
Avg. Annual Appreciation
6.20%
Original Mortgage
$200,000
Outstanding Balance
$194,699
Interest Rate
7.62%
Mortgage Type
New Conventional
Estimated Equity
$228,976

Purchase Details

Closed on
Mar 14, 2008
Sold by
Vargas Jessica
Bought by
Vargas Jessica and Vargas Patricio

Purchase Details

Closed on
Oct 30, 2006
Sold by
Garcia Pablo
Bought by
Vargas Jessica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
6.36%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Feb 10, 2001
Sold by
Fernandez Rosendo
Bought by
Garcia Pablo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,536
Interest Rate
7.8%

Purchase Details

Closed on
Dec 15, 2000
Sold by
Bero George J and Bero Jennifer J
Bought by
Fernandez Rosendo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,536
Interest Rate
7.8%
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
Vargas Patricia $352,000 --
Vargas Jessica -- First American Title Ins Co
Vargas Jessica $280,000 Atg
Garcia Pablo -- Chicago Title Insurance Co
Fernandez Rosendo $179,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vargas Patricia $200,000
Previous Owner Vargas Jessica $224,000
Previous Owner Fernandez Rosendo $177,536
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/05/2022 12/05/22 Sold $352,000 +0.6% --
11/01/2022 11/01/22 Pending -- -- --
10/25/2022 10/25/22 For Sale $349,900 -- --
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 $9,051 $113,095 $11,221 $101,874
2023 $8,710 $102,172 $10,137 $92,035
2022 $7,417 $85,534 $9,243 $76,291
2021 $7,135 $79,969 $8,642 $71,327
2020 $6,963 $76,343 $8,250 $68,093
2019 $6,792 $72,722 $7,859 $64,863
2018 $6,773 $68,509 $7,404 $61,105
2017 $6,661 $64,765 $6,999 $57,766
2016 $6,408 $60,084 $6,493 $53,591
2015 -- $55,072 $5,951 $49,121
2014 -- $54,393 $5,878 $48,515
2013 -- $55,828 $6,033 $49,795
Source: Public Records

Agents Affiliated with this Home

  • Esther Zamudio

    Seller's Agent in 2022

    Esther Zamudio

    Zamudio Realty Group

    (847) 508-7500

    31 in this area

    600 Total Sales

    Esther Zamudio
    Section Image
  • Cynthia Dumontelle

    Buyer's Agent in 2022

    Cynthia Dumontelle

    Coldwell Banker Realty

    (630) 808-3328

    1 in this area

    49 Total Sales

    Cynthia Dumontelle
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11660258

Midwest Real Estate Data (MRED)

APN: 06-13-133-025

Illinois Kane County Elgin 60120 Northeast Elgin

440 Park St, Elgin, IL

Not Listed for Sale

MultiFamily

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