Estimated Value: $300,000 - $379,595
6
Beds
3
Baths
--
Sq Ft
8,712
Sq Ft Lot
About This Home
As of March 2022Great INCOME GENERATING property for the savvy or novice investor. The perfect situation for an owner occupant looking to live and invest in Elgin! This 3 unit Building features 1-1 bedroom, 1-2 bedroom, and 1-3 bedroom unit. The 2 bedroom is vacatant and has been freshly painted and all new flooring. The 2 bedroom unit should rent for $1200 a month. The 3 bedroom and 2 bedroom units where rehabbed in 2017 with all new flooring, updated baths, and new appliances. 2 water heaters for the building both new in 2017. Exterior painting 2021. Tenant pays utilities except water. Total rental income with 2 bedroom unit rented out $3,025/month. Property sits on huge lot with secured 2.5 car garage. Don't let this opportunity get away. Add this beauty to your portfolio today! Multiple offers highest and best due 2/13 at 12pm.
Last Agent to Sell the Property
Inspire Realty Group LLC License #471020520 Listed on: 02/09/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,890
Year Built
- Built in 1880
Lot Details
- 8,712
Parking
- 2.5 Car Detached Garage
- Parking Included in Price
- Unassigned Parking
Home Design
- Frame Construction
- Asphalt Roof
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Potential Bedrooms
- 3 Bathrooms
Utilities
- Heating System Uses Natural Gas
- Multiple Water Heaters
Additional Features
- Basement Fills Entire Space Under The House
- Lot Dimensions are 63x133x63x133
Community Details
- 3 Units
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 9, 2022
Closed on
Mar 18, 2022
Sold by
Flipside Properties Llc
Bought by
Tyler Corey
Seller's Agent
Christopher Davis
Inspire Realty Group LLC
Buyer's Agent
Charles Miller
Charles Miller Realty
List Price
$300,000
Sold Price
$320,000
Premium/Discount to List
$20,000
6.67%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,649
Avg. Annual Appreciation
0.72%
Original Mortgage
$314,204
Outstanding Balance
$295,896
Interest Rate
4%
Mortgage Type
FHA
Estimated Equity
$31,753
Purchase Details
Closed on
Apr 28, 2017
Sold by
Rra Properties Llc
Bought by
Flipside Properties Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
4.14%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 20, 2016
Sold by
Wells Fargo Bank N A
Bought by
Rra Properties Llc
Purchase Details
Closed on
Apr 8, 2016
Sold by
Reyes Gerardo
Bought by
Wells Fargo Bank Na
Purchase Details
Closed on
Apr 22, 2003
Sold by
Ceja Luz Maria
Bought by
Bautista Jose and Reyes Gerardo
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,492
Interest Rate
5.62%
Mortgage Type
FHA
Purchase Details
Closed on
Jan 18, 2003
Sold by
Ceja Fernando
Bought by
Ceja Luz Maria
Purchase Details
Closed on
Mar 18, 2002
Sold by
Joy Michael T
Bought by
Ceja Fernando and Ceja Luz Maria
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,450
Interest Rate
6.87%
Mortgage Type
FHA
Similar Homes in Elgin, IL
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 |
|---|---|---|---|
| Tyler Corey | $320,000 | Wheatland Title | |
| Flipside Properties Llc | -- | None Available | |
| Rra Properties Llc | $93,000 | Chicago Title Ins Co | |
| Wells Fargo Bank Na | -- | Attorney | |
| Bautista Jose | $227,000 | Multiple | |
| Ceja Luz Maria | -- | Multiple | |
| Ceja Fernando | $180,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Tyler Corey | $314,204 | |
| Previous Owner | Flipside Properties Llc | $124,000 | |
| Previous Owner | Reyes Gerardo | $21,695 | |
| Previous Owner | Bautista Jose | $223,492 | |
| Previous Owner | Ceja Fernando | $177,450 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/18/2022 03/18/22 | Sold | $320,000 | +6.7% | -- |
| 02/14/2022 02/14/22 | Pending | -- | -- | -- |
| 02/09/2022 02/09/22 | For Sale | $300,000 | -- | -- |
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 |
|---|---|---|---|---|
| 2023 | $6,644 | $85,939 | $13,493 | $72,446 |
| 2022 | $6,274 | $72,356 | $12,303 | $60,053 |
| 2021 | $6,035 | $67,647 | $11,502 | $56,145 |
| 2020 | $5,890 | $64,579 | $10,980 | $53,599 |
| 2019 | $5,745 | $61,515 | $10,459 | $51,056 |
| 2018 | $5,729 | $57,951 | $9,853 | $48,098 |
| 2017 | $5,635 | $54,785 | $9,315 | $45,470 |
| 2016 | $4,781 | $50,826 | $8,642 | $42,184 |
| 2015 | -- | $46,586 | $7,921 | $38,665 |
| 2014 | -- | $46,011 | $7,823 | $38,188 |
| 2013 | -- | $47,224 | $8,029 | $39,195 |
Source: Public Records
Agents Affiliated with this Home
-
Christopher Davis
Seller's Agent in 2022
Christopher Davis
Inspire Realty Group LLC
(847) 489-3476
359 Total Sales
-
Amy Burton
Seller Co-Listing Agent in 2022
Amy Burton
Inspire Realty Group LLC
(312) 493-2207
3 Total Sales
-
Charles Miller
C
Buyer's Agent in 2022
Charles Miller
Charles Miller Realty
(847) 366-3939
6 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11321335
APN: 06-13-133-016
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