NOT LISTED FOR SALE

478 E Chicago St Unit 80 Elgin, IL 60120

Gifford Park Neighborhood

Estimated Value: $411,000 - $508,000

8 Beds
6 Baths
-- Sq Ft
8,015 Sq Ft Lot

Sale Details

Date Sold: August 1, 2014

Last sale price $200,000

Est. 128% increase in value since last sale

Current estimated payment $3,280 / mo

115 Days on Market

Highlights

  • Brownstone
  • Ceiling Fan
  • 3-minute walk to Channing Park
  • 4 Car Detached Garage

About This Home

As of August 2014

EXCELLENT INVESTMENT - INCOME PROPERTY. HAS AN OFFICE AND STORAGE, NEW STUCCO CEILINGS, NEW PAINT, CERAMIC TILE BATHS, TILE KITCHENS, NEW FAUCETS, SINKS, PLUMBING, TOILETS AND LIGHT FIXTURES AND NEW W/HEATERS. ONLY MINUTES FROM DOWNTOWN, RIVERBOAT, OR I-90. "AS-IS" SALE. SHORT SALE.

Last Agent to Sell the Property

Dave Willuweit

J.W. Reedy Realty License #475127243 Listed on: 11/14/2013

Last Buyer's Agent

Ronald Ewing

RE/MAX Horizon License #471000328

RE/MAX Horizon

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,476

Lot Details

  • Lot Dimensions are 61x132

Parking

  • 4 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Brownstone
  • Flat Roof Shape
  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • Ceiling Fan
  • Carbon Monoxide Detectors

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 6 Bathrooms

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Schools

  • Ellis Middle School

Utilities

  • Heating System Uses Natural Gas
  • Cable TV Available

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $42,000
  • Net Operating Income $28,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,476

Lot Details

8,015 Sq Ft Lot

Parking

4

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Brownstone
  • New Construction: No
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: 12
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 6
  • Total Bedrooms: 8
  • Other Equipment: TV-Cable, CO Detectors, Ceiling Fan(s), Sump Pump
  • Basement Description: Partially Finished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Roof: Flat
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 4
  • ParkingTotal: 4
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

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

Condo/Co-op/Association

  • Community Features: Sidewalks

Fee Information

  • Other Expenses $: 13500

Schools

  • Middle/Junior School: ELLIS MIDDLE SCHOOL

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 61X132
  • Zoning: OTHER
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • TenantPays: Electric,Gas

Multi Family

  • Net Operating Income: 28500
  • GrossIncome: 42000
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 7476
  • Tax Year: 2012
  • Tax Exemptions: None

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 15, 2021
Sold by
Bought by
Current Estimated Value
$456,801

Purchase Details

Listed on
Nov 14, 2013
Closed on
Jul 29, 2014
Sold by
Bought by
Seller's Agent
Dave Willuweit
J.W. Reedy Realty
Buyer's Agent
Ronald Ewing
RE/MAX Horizon
List Price
$225,000
Sold Price
$200,000
Premium/Discount to List
-$25,000
-11.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.19%
Original Mortgage
$160,000
Interest Rate
4.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 29, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
6.54%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 3, 2006
Sold by
Bought by

Purchase Details

Closed on
Mar 1, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,600
Interest Rate
5.77%
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$310,000 Premier Title
$200,000 Pntn Inc
$280,000 Chicago Title Insurance Co
-- None Available
$392,000 First American Title Ins Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $160,000
Previous Owner $210,000
Previous Owner $380,600
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/01/2014 08/01/14 Sold $200,000 -11.1% --
03/09/2014 03/09/14 Pending -- -- --
11/14/2013 11/14/13 For Sale $225,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $9,804 $122,506 $18,185 $104,321
2023 $9,435 $110,675 $16,429 $94,246
2022 $8,073 $93,104 $14,980 $78,124
2021 $7,766 $87,045 $14,005 $73,040
2020 $7,579 $83,098 $13,370 $69,728
2019 $7,393 $79,156 $12,736 $66,420
2018 $7,372 $74,570 $11,998 $62,572
2017 $7,251 $70,495 $11,342 $59,153
2016 $6,975 $65,400 $10,522 $54,878
2015 -- $59,945 $9,644 $50,301
2014 -- $59,205 $9,525 $49,680
2013 -- $60,766 $9,776 $50,990
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2014

    Dave Willuweit

    J.W. Reedy Realty

    (630) 606-6655

    6 Total Sales

    Dave Willuweit
    Section Image
  • Ronald Ewing

    Buyer's Agent in 2014

    Ronald Ewing

    RE/MAX

    (847) 697-9404

    73 Total Sales

    Ronald Ewing
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 08487935

Midwest Real Estate Data (MRED)

APN: 06-13-260-012

Illinois Kane County Elgin 60120 Gifford Park

478 E Chicago St Unit 80, Elgin, IL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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