NOT LISTED FOR SALE

Estimated Value: $328,000 - $386,000

6 Beds
3 Baths
-- Sq Ft
7,405 Sq Ft Lot

Last Sold February 10, 2021

Last sale price $274,490

Est. 30% increase in value since last sale

Current estimated payment $2,367/month

181 Days on Market

Highlights

  • Victorian Architecture
  • Corner Lot
  • Fenced Yard
  • McDade Elementary Classical School Rated 10
  • Lower Floor Utility Room
  • 5-minute walk to Kiwanis Park

About This Home

As of February 2021

WONDERFUL MULTIFAMILY PROPERTY THAT CASH FLOWS $3400 A MONTH * PROPERTY SITS ON A LARGE LOT WITH BEAUTIFUL RICH LANDSCAPING FOR TONS OF PRIVACY AND SPACE * DEEP 2.5 CAR GARAGE & 4 CAR DRIVEWAY * BOTH UNITS FEATURE 3 BEDROOM 1 FULL BATH * BASEMENT IS FULLY FINISHED WITH FULL BATHROOM THAT HAS BEEN APPROVED BY THE CITY * 1ST FLOOR UNIT IS OPEN AND SPACIOUS WITH TALL CEILINGS & UPDATED LAMINATE FLOORING AND TILE * 2ND FLOOR UNIT HAS HARDWOOD * FRONT & BACKDOOR ENTRANCES * NEWER SIDING * LARGE PATIO * CLOSE TO DOWNTOWN ELGIN * PERFECT FOR AN INVESTOR OR ANYONE WHO WOULD LIKE TO HOUSE HACK.

Last Agent to Sell the Property

Valentino Ranallo

CENTURY 21 New Heritage West License #475184004 Listed on: 07/01/2020

CENTURY 21 New Heritage West

Last Buyer's Agent

Erik Lopez

PROSALES REALTY License #475177888

Property Details

Home Type

  • Multi-Family

Year Built | Renovated

  • 1900 | 2006

Lot Details

  • Fenced Yard
  • Corner Lot

Parking

  • Detached Garage
  • Parking Included in Price
  • Garage Is Owned

Home Design

  • Victorian Architecture
  • Slab Foundation
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • Lower Floor Utility Room
  • Finished Basement
  • Basement Fills Entire Space Under The House

Additional Features

  • Enclosed Patio or Porch
  • Baseboard Heating

Listing and Financial Details

  • $5,489 Seller Concession

Property Details

Home Type

Multi-Family

Year Built | Renovated

1900 | 2006

Lot Details

0

Parking

2

Listing Details

  • Property Type: Two to Four Units
  • Built Before 1978 (Y/N): Yes
  • Recent Rehab: Yes
  • Age: 100+ Years
  • Full Bathrooms: 3
  • Ownership: Fee Simple
  • Rehab Year: 2006
  • Total Full or Half Bathrooms: 3
  • Style Of House: Victorian
  • Zoning Type: SINGL
  • Estimated Year Built: 1900
  • Other Addl Income: Garage/s
  • Type Multi: 2 Flat
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1900
  • Year Renovated: 2006

Interior Features

  • Number Of Rooms: 10
  • Equipment: CO Detectors, Ceiling Fan
  • Basement: Full
  • Basement: Finished
  • Bedrooms All Levels: 6
  • Above Grade Bedrooms: 6
  • Additional Rooms: Enclosed Porch, Utility Room-Lower Level

Exterior Features

  • Foundation: Concrete
  • Lot Size: Less Than .25 Acre
  • Exterior Building Type: Vinyl Siding
  • Roof Type: Asphalt/Glass (Shingles)
  • Exterior Property Features: Patio, Porch
  • Acreage: 0.17

Garage/Parking

  • Parking: Garage
  • Garage Type: Detached
  • Garage On Site: Yes
  • Number Garage Spaces: 2.5
  • Parking Included In Price: Yes
  • Garage Ownership: Owned

Utilities

  • Water: Public
  • Sewer: Sewer-Public
  • Heating Fuel: Baseboard
  • Water Expense: 600

Schools

  • Junior High Dist: 46

Lot Info

  • Lot Dimensions: 66.00 X 116.00
  • Lot Description: Corner, Fenced Yard
  • Parcel Identification Number: 0613403023

Rental Info

  • Total Rental Income: 3500

Multi Family

  • Total Number Unitsin Building: 2
  • Three Bedroom Number of Units: Yes
  • Full Baths In Building: 3

Tax Info

  • Taxes: 4587.48

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2020
Closed on
Feb 4, 2021
Sold by
Villa Francisco
Bought by
Lorenzana Mario L and Camey Olga Marina
Seller's Agent
Valentino Ranallo
CENTURY 21 New Heritage West
Buyer's Agent
Erik Lopez
PROSALES REALTY
List Price
$270,000
Sold Price
$274,490
Premium/Discount to List
$4,490
1.66%
Current Estimated Value
$355,876

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,386
Avg. Annual Appreciation
5.41%
Original Mortgage
$205,867
Interest Rate
2.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 24, 2020
Sold by
Lorenzana Mario L and Lorenzana Olga Marina
Bought by
Lorenzana Investments Llc

Purchase Details

Closed on
Mar 26, 2019
Sold by
Villa Francisco
Bought by
Villa Francisco
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
Lorenzana Mario L $274,500 Fidelity National Title
Lorenzana Investments Llc -- None Listed On Document
Villa Francisco -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lorenzana Mario L $205,867
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/10/2021 02/10/21 Sold $274,490 +1.7% --
12/29/2020 12/29/20 Pending -- -- --
12/17/2020 12/17/20 For Sale $270,000 0.0% --
12/17/2020 12/17/20 Price Changed $270,000 -1.6% --
11/30/2020 11/30/20 Off Market $274,490 -- --
11/05/2020 11/05/20 For Sale $269,900 -1.7% --
10/30/2020 10/30/20 Off Market $274,490 -- --
09/01/2020 09/01/20 For Sale $269,900 -1.7% --
08/30/2020 08/30/20 Off Market $274,490 -- --
08/27/2020 08/27/20 Pending -- -- --
08/08/2020 08/08/20 For Sale $269,900 0.0% --
08/08/2020 08/08/20 Price Changed $269,900 -1.8% --
07/26/2020 07/26/20 Pending -- -- --
07/01/2020 07/01/20 For Sale $274,900 -- --
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 $6,075 $75,908 $14,525 $61,383
2023 $5,846 $68,577 $13,122 $55,455
2022 $5,023 $57,933 $11,965 $45,968
2021 $4,832 $54,163 $11,186 $42,977
2020 $4,716 $51,707 $10,679 $41,028
2019 $4,600 $49,254 $10,172 $39,082
2018 $4,597 $46,401 $9,583 $36,818
2017 $4,512 $43,865 $9,059 $34,806
2016 $4,340 $40,695 $8,404 $32,291
2015 -- $37,301 $7,703 $29,598
2014 -- $36,841 $7,608 $29,233
2013 -- $37,813 $7,809 $30,004
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10765755

Midwest Real Estate Data (MRED)

APN: 06-13-403-023