NOT LISTED FOR SALE

496 E Chicago St Elgin, IL 60120

Gifford Park Neighborhood

Estimated Value: $418,000 - $530,086

5 Beds
5 Baths
-- Sq Ft
6,926 Sq Ft Lot

Sale Details

Date Sold: February 10, 2017

Last sale price $275,000 $0 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $3,091 / mo

9 Days on Market

About This Home

As of February 2017

All brick well maintained building with 4 large 1 bedroom units with dining, living, kitchen and den. Den could be another bdr with closet installation. 1 Efficiency has 1 bdr and a combo living room/kitchenette. Long term tenants. 2 car garage. Landlord pays heat. Tenant pays electric and cooking gas. Call Don for further details. Must have 24 hour notice. Management of $3620 could be slashed if owner manages.

Last Agent to Sell the Property

Donald Lottes

Berkshire Hathaway HomeServices Starck Real Estate Listed on: 12/16/2016

Last Buyer's Agent

Christopher Davis

Inspire Realty Group LLC License #471020520

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • 1920

Lot Details

  • 6,926

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Additional Features

  • Partially Finished Basement

Community Details

  • Fuel Expense $2,595
  • Insurance Expense $4,713

Listing and Financial Details

  • Tenant pays for air conditioning, electric
  • $16,000 Seller Concession

Property Details

Home Type

Multi-Family

Year Built

1920

Lot Details

6,926 Sq Ft Lot

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Ownership Type: Individual
  • Potential Use: Residential-Multi-Family
  • Utilities To Site: Water-Municipal
  • Zoning Type: MULTI
  • Estimated Age: Older
  • Net Operating Income Year: 2016
  • Net Oper Income: 20250
  • Outdoor Parking: 1-5 Spaces, Open
  • Repairs Decor Expense: 3267
  • Roof Structure: Flat
  • Total Annual Exp: 21575
  • Total Annual Income: 41888
  • Total Monthly Income: 3490
  • Number of Ranges: 5
  • Number Of Refrigs: 5
  • Number Of Stories: 2
  • Estimated Year Built: 1920
  • Type Multi Family: Corridor-Interior Entrance
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1920

Interior Features

  • Basement: Partially Finished

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Brick
  • Construction: Brick
  • Frontage Access: City Street

Garage/Parking

  • Indoor Parking: 1-5 Spaces, Detached
  • Number Of Parking Spaces: 2

Utilities

  • Fire Protection: Smoke or Fire Protectors
  • Heatventilation: Central Bldg Heat, Gas, Hot Water
  • Water Expense: 2636

Condo/Co-op/Association

  • Units in Building: 5

Fee Information

  • Electricity Expense: 560
  • Electrical Service: Circuit Breakers, Separate Meters, 0-100 Amps
  • Janitor Expense: 382

Lot Info

  • Lot Dimensions: 109X66
  • Lot Sq Ft: 7194
  • Land Amenities: Curbs and Gutters, Sidewalks
  • Parcel Identification Number: 0613260016

Rental Info

  • Gross Rental Income: 41825
  • Tenant Pays: Air Conditioning, Electric

Multi Family

  • Expense Year: 2016
  • Fuel Expense: 2595
  • Insurance Expense: 4713

Tax Info

  • Taxes: 7422

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Gifford Park, IL

  • Lisa Wolf Real Estate Agent - Keller Williams North Shore West

    Lisa Wolf

    Keller Williams North Shore West

    (224) 332-2538

    1,081 Total Sales

    1 in Gifford Park

    $350,000 Price

    Lisa Wolf
     Section Image
  • Ruben Camacho Real Estate Agent - Kale Realty

    Ruben Camacho

    Kale Realty

    (844) 770-1569

    115 Total Sales

    1 in Gifford Park

    $295,000 Price

    Ruben Camacho
     Section Image
  • Veronica Rosales Real Estate Agent - Keller Williams Infinity

    Veronica Rosales

    Keller Williams Infinity

    (630) 934-2056

    48 Total Sales

    1 in Gifford Park

    $202,000 Price

    Veronica Rosales
     Section Image
  • Robin McGinn Real Estate Agent - RE/MAX IMPACT

    Robin McGinn

    RE/MAX IMPACT

    (224) 386-3023

    104 Total Sales

    1 in Gifford Park

    $355,000 Price

    Robin McGinn
     Section Image
  • Roberto Morales-Corona Real Estate Agent - Coldwell Banker Realty

    Roberto Morales-Corona

    Responds Quickly

    Coldwell Banker Realty

    (224) 427-6956

    65 Total Sales

    1 in Gifford Park

    $385,000 Price

    Roberto Morales-Corona
     Section Image
  • Susan Macino Real Estate Agent - @properties Christie's International Real Estate

    Susan Macino

    @properties Christie's International Real Estate

    (630) 576-9734

    109 Total Sales

    1 in Gifford Park

    $157,000 Price

    Susan Macino
     Section Image
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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
02/10/2017 02/10/17 Sold $275,000 -6.8% --
12/25/2016 12/25/16 Pending -- -- --
12/16/2016 12/16/16 For Sale $295,000 -- --
Source: Midwest Real Estate Data (MRED)

Agents Affiliated with this Home

  • D

    Seller's Agent in 2017

    Donald Lottes

    Berkshire Hathaway HomeServices Starck Real Estate

    Section Image
  • Christopher Davis Real Estate Agent - Inspire Realty Group LLC

    Buyer's Agent in 2017

    Christopher Davis

    Inspire Realty Group LLC

    (847) 489-3476

    13 in this area

    257 Total Sales

    Christopher Davis
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09405764

Midwest Real Estate Data (MRED)

APN: 06-13-260-016

Illinois Kane County Elgin 60120 Gifford Park

496 E Chicago St, 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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