NOT LISTED FOR SALE

Estimated Value: $277,000 - $356,000

4 Beds
2 Baths
-- Sq Ft
6,186 Sq Ft Lot

Last Sold June 29, 2022

Last sale price $279,000

Est. 14% increase in value since last sale

Current estimated payment $2,146/month

3 Days on Market

About This Home

As of June 2022

Incredible investment opportunity, turn-key rental or live in one unit and rent out the other! Well maintained side by side duplex available. 2 bedrooms and 1 bathroom for each unit with a potential half in the basement, spread throughout the 3 levels of the home. Sitting on an oversized lot with ample parking space in the backyard. Each unit is currently being rented for $1,050 but could go for more. And tenants or on a month-to-month lease. Schedule your showing soon as this won't last long!

Last Agent to Sell the Property

Young Lee

Real Broker LLC License #471017512 Listed on: 05/16/2022

Real Broker LLC

Co-Listed By

Jonathan Cruz

@properties Christie's International Real Estate License #475185289

Last Buyer's Agent

Bonifacio Mondragon

Coldwell Banker Realty License #471002091

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,437

Year Built

  • Built in 1920

Lot Details

  • Lot Dimensions are 96.4 x 56.9 x 96 x 56.8

Home Design

  • Duplex
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Walk-Up Access

Parking

  • 2 Parking Spaces
  • Uncovered Parking
  • Parking Space is Owned

Schools

  • Mckinley Elementary School
  • Larsen Middle School
  • Elgin High School

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,437

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple w/ HO Assn.
  • New Construction: No
  • Year Built: 1920
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Walkout
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Basement Description: Unfinished,Walk-Up Access
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • ParkingTotal: 2
  • Number of Cars: 2
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

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

Schools

  • Elementary School: Mckinley Elementary School
  • High School: Elgin High School
  • Middle/Junior School: Larsen Middle School

Lot Info

  • Lot Dimensions: 96.4 X 56.9 X 96 X 56.8
  • Lot Size: Less Than .25 Acre
  • Special Assessments: U

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 4436.88
  • Tax Year: 2020

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: Duplex Side by Side

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2022
Closed on
Jun 27, 2022
Sold by
Cruz Gonzalez Martin
Bought by
Velazquez Jose A and Estrada Ranulfo Velazquez
Seller's Agent
Young Lee
Real Broker LLC
Buyer's Agent
Bonifacio Mondragon
Coldwell Banker Realty
List Price
$279,900
Sold Price
$279,000
Premium/Discount to List
-$900
-0.32%
Current Estimated Value
$318,624

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,624
Avg. Annual Appreciation
4.23%
Original Mortgage
$273,946
Outstanding Balance
$261,806
Interest Rate
5.63%
Mortgage Type
FHA
Estimated Equity
$60,517

Purchase Details

Closed on
Nov 9, 2001
Sold by
Gonzalez Juventino Cruz
Bought by
Gonzalez Martin Cruz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,125
Interest Rate
7.26%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Sep 21, 2000
Sold by
Cruz Guillermo
Bought by
Cruz Martin and Gonzalez Juventino Cruz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,625
Interest Rate
8.03%

Purchase Details

Closed on
Jun 23, 1997
Sold by
Marvin Jimmy L and Marvin Joyce W
Bought by
Gonzalez Martin Cruz and Gonzalez Juventino Cruz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,671
Interest Rate
8.01%
Mortgage Type
FHA
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
Velazquez Jose A $279,000 None Listed On Document
Gonzalez Martin Cruz -- Chicago Title Insurance Co
Cruz Martin -- Chicago Title Insurance Co
Gonzalez Martin Cruz $125,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Velazquez Jose A $273,946
Previous Owner Gonzalez Martin Cruz $143,125
Previous Owner Cruz Martin $114,625
Previous Owner Gonzalez Martin Cruz $123,671
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/29/2022 06/29/22 Sold $279,000 -0.3% --
05/20/2022 05/20/22 Pending -- -- --
05/16/2022 05/16/22 For Sale $279,900 -- --
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 $5,769 $80,093 $16,668 $63,425
2023 $5,486 $72,358 $15,058 $57,300
2022 $4,789 $61,228 $13,730 $47,498
2021 $4,572 $57,244 $12,837 $44,407
2020 $4,437 $54,648 $12,255 $42,393
2019 $4,301 $52,056 $11,674 $40,382
2018 $4,265 $49,040 $10,998 $38,042
2017 $4,151 $46,360 $10,397 $35,963
2016 $3,947 $43,010 $9,646 $33,364
2015 -- $39,422 $8,841 $30,581
2014 -- $38,935 $8,732 $30,203
2013 -- $39,962 $8,962 $31,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11405542

Midwest Real Estate Data (MRED)

APN: 06-12-454-002