Seller's Agent in 2020
Alex Fenske
Keller Williams Preferred Rlty
(708) 808-0220
150 Total Sales
486 Ashland Ave Elgin, IL 60123
Southwest Elgin NeighborhoodEstimated Value: $254,470 - $291,000
5
Beds
2
Baths
--
Sq Ft
7,928
Sq Ft Lot
Highlights
- Deck
- Corner Lot
- Porch
- Victorian Architecture
- 2.5 Car Detached Garage
- 4-minute walk to Marie Grolich Park
About This Home
As of August 2020Incredible value in this Victorian 2-flat on a corner lot! Originally built as a single-family home, could be kept as a 2-unit or deconverted. Hardwood floors, original Victorian-era trim and solid wood doors, bay windows, hi-efficiency boiler for 1st flr and forced air furnace for 2nd floor. 1st floor is 3bd/1ba (3rd bedroom is very small), 2nd floor is 2bd/1ba, both units currently rented on month-to-month leases. Total rent of over $2,000/mo. Decks recently repaired/replaced. 2.5-car detached garage and spacious yard. Convenient location is 1 block from Marie Grolich park, walkable to National Street Metra, 2 minutes to elementary school, 6 minutes to middle school, 7 minutes to Larkin HS, 1 turn off of Rt 20, and 8 minutes to I-90. Property needs work and is sold as-is but is up-to-date with City of Elgin inspections. Conventional or cash, no FHA/VA. Photos are from before current tenants moved in.
Last Agent to Sell the Property
Keller Williams Preferred Rlty License #475128785 Listed on: 06/25/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,925
Year Built
- Built in 1879 | Remodeled in 2008
Lot Details
- Lot Dimensions are 60 x 133.13
- Corner Lot
- Paved or Partially Paved Lot
Parking
- 2.5 Car Detached Garage
- No Garage
- Parking Included in Price
Home Design
- Victorian Architecture
- Stone Foundation
- Asphalt Roof
Interior Spaces
- Ceiling Fan
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Potential Bedrooms
- 2 Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Exterior Basement Entry
Outdoor Features
- Deck
- Porch
Schools
- Lowrie Elementary School
- Abbott Middle School
- Larkin High School
Utilities
- Two Heating Systems
- Forced Air Heating System
- Radiator
- Heating System Uses Steam
- Heating System Uses Natural Gas
Community Details
Overview
- 2 Units
Building Details
- Insurance Expense $1,325
- Water Sewer Expense $1,284
- Gross Income $24,240
- Net Operating Income $16,706
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 10, 2020
Sold by
Pfad Kristin
Bought by
Pfad Kristin and Wilson James P
Current Estimated Value
Purchase Details
Listed on
Jun 25, 2020
Closed on
Aug 18, 2020
Sold by
Mmbc Investments Llc
Bought by
Pfad Kristin
Seller's Agent
Alex Fenske
Keller Williams Preferred Rlty
Buyer's Agent
Dean Tubekis
Coldwell Banker Realty
List Price
$150,000
Sold Price
$140,000
Premium/Discount to List
-$10,000
-6.67%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.86%
Purchase Details
Closed on
Sep 12, 2008
Sold by
Fenske Mathers Virginia
Bought by
Mmbc Investments Llc
Purchase Details
Closed on
May 14, 2008
Sold by
Jirkovsky James M
Bought by
Fenske Mathers Virginia
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,480
Interest Rate
6.01%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 20, 2006
Sold by
Jirkovsky Mercedes A
Bought by
Jirkovsky James M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
7.94%
Mortgage Type
Fannie Mae Freddie Mac
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 |
|---|---|---|---|
| Pfad Kristin | -- | None Available | |
| Pfad Kristin | $140,000 | Chicago Title | |
| Mmbc Investments Llc | -- | None Available | |
| Fenske Mathers Virginia | $147,500 | Pntn | |
| Jirkovsky James M | -- | Dukane Title Insurance Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Fenske Mathers Virginia | $132,480 | |
| Previous Owner | Jirkovsky James M | $160,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/21/2020 08/21/20 | Sold | $140,000 | -6.7% | -- |
| 06/28/2020 06/28/20 | Pending | -- | -- | -- |
| 06/25/2020 06/25/20 | For Sale | $150,000 | -- | -- |
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 |
|---|---|---|---|---|
| 2024 | $6,513 | $81,386 | $14,434 | $66,952 |
| 2023 | $6,268 | $73,526 | $13,040 | $60,486 |
| 2022 | $5,379 | $62,029 | $11,890 | $50,139 |
| 2021 | $5,174 | $57,992 | $11,116 | $46,876 |
| 2020 | $5,049 | $55,362 | $10,612 | $44,750 |
| 2019 | $4,925 | $52,736 | $10,109 | $42,627 |
| 2018 | $4,912 | $49,680 | $9,523 | $40,157 |
| 2017 | $4,831 | $46,966 | $9,003 | $37,963 |
| 2016 | $4,647 | $43,571 | $8,352 | $35,219 |
| 2015 | -- | $39,936 | $7,655 | $32,281 |
| 2014 | -- | $39,442 | $7,560 | $31,882 |
| 2013 | -- | $40,482 | $7,759 | $32,723 |
Source: Public Records
Agents Affiliated with this Home
-
Alex Fenske
-
Dean Tubekis
Buyer's Agent in 2020
Dean Tubekis
Coldwell Banker Realty
(847) 809-8070
623 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 10759205
APN: 06-24-155-023
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