NOT LISTED FOR SALE

507 Grace St Unit 9 Elgin, IL 60120

Elgin National Watch Historic District Neighborhood

Estimated Value: $297,000 - $376,004

4 Beds
4 Baths
-- Sq Ft
9,583 Sq Ft Lot

Sale Details

Date Sold: January 20, 2023

Last sale price $315,000

Est. 8% increase in value since last sale

Current estimated payment $2,388 / mo

82 Days on Market

About This Home

As of January 2023

THIS 4-UNIT WILL BE A GREAT INVESTMENT PROPERTY. LIVE IN ONE UNIT AND LET THE OTHER TENANTS PAY YOUR MORTGAGE OR RENT THEM ALL AND COLLECT $3,450+/MONTH IN POTENTIAL RENT. UNITS CONSIST OF (4) ONE BEDROOMS. SEPERATE GAS & ELECTRIC METERS. UNITS HAVE BEEN UPDATED WITH NEW VINYL FLOORING AND FRESH PAINT (2022). FURNACES INSTALLED WITHIN THE LAST 2 YEARS. BRAND NEW ROOF & GUTTERS (2022) ALONG WITH FRESH EXTERIOR PAINT JOB AND NEW ASPHALT DRIVEWAY. SCHEDULE YOUR SHOWING TODAY!

Last Agent to Sell the Property

Ramadan Adili

Inspire Realty Group LLC License #475190182 Listed on: 08/29/2022

Last Buyer's Agent

Jack Maloney

HomeSmart Realty Group License #475136124

HomeSmart Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,255

Year Built

  • Built in 1899 | Remodeled in 2022

Lot Details

  • Lot Dimensions are 71.9x136.9
  • Paved or Partially Paved Lot

Home Design

  • Asphalt Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 2 Parking Spaces
  • Uncovered Parking
  • Off-Street Parking
  • Parking Included in Price

Additional Features

  • Partial Basement
  • Heating System Uses Natural Gas

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,255

Year Built

Built in 1899 | Remodeled in 2022

Lot Details

9,583 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1899
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2022
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2022

Interior Features

  • Basement: Partial
  • Total Bathrooms: 4
  • Total Bedrooms: 4
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave,Window Air Conditioner
  • AppliancesAndFeatures: Stove,Refrigerator,Microwave,Window Air Conditioner

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Parking Features: Off Street
  • 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: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved

Lot Info

  • Lot Dimensions: 71.9X136.9
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 5
  • Is Parking Included in Price: Yes
  • TenantPays: Electric,Gas

Tax Info

  • Tax Annual Amount: 5255.34
  • Tax Year: 2021

Multi Family

  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

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

Listed on
Aug 29, 2022
Closed on
Jan 20, 2023
Sold by
Bought by
Seller's Agent
Ramadan Adili
Inspire Realty Group LLC
Buyer's Agent
Jack Maloney
HomeSmart Realty Group
List Price
$334,900
Sold Price
$315,000
Premium/Discount to List
-$19,900
-5.94%
Views
114
Current Estimated Value
$340,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,333
Avg. Annual Appreciation
1.11%
Original Mortgage
$299,250
Interest Rate
0.0662%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 3, 2022
Sold by
Bought by

Purchase Details

Closed on
Jun 25, 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
$157,500
Interest Rate
0.0596%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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
$315,000 Fidelity National Title
$35,333 Terpinas Law Group Llc
$210,000 None Available
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
Closed $299,250
Closed $122,000
Closed $149,500
Closed $157,500
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
01/20/2023 01/20/23 Sold $315,000 -3.1% --
11/20/2022 11/20/22 Pending -- -- --
11/10/2022 11/10/22 Price Changed $325,000 -1.5% --
10/31/2022 10/31/22 Price Changed $329,900 -1.5% --
10/23/2022 10/23/22 For Sale $334,900 0.0% --
10/17/2022 10/17/22 Pending -- -- --
10/13/2022 10/13/22 Price Changed $334,900 0.0% --
10/13/2022 10/13/22 For Sale $334,900 -1.5% --
09/14/2022 09/14/22 Pending -- -- --
08/29/2022 08/29/22 For Sale $339,900 -- --
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 $6,597 $82,429 $17,044 $65,385
2023 $6,348 $74,468 $15,398 $59,070
2022 $5,463 $63,005 $14,040 $48,965
2021 $5,255 $58,905 $13,126 $45,779
2020 $5,129 $56,234 $12,531 $43,703
2019 $5,003 $53,567 $11,937 $41,630
2018 $4,989 $50,463 $11,245 $39,218
2017 $4,907 $47,706 $10,631 $37,075
2016 $4,720 $44,259 $9,863 $34,396
2015 -- $40,567 $9,040 $31,527
2014 -- $40,066 $8,928 $31,138
2013 -- $41,123 $9,164 $31,959
Source: Public Records

Agents Affiliated with this Home

  • Ramadan Adili

    Seller's Agent in 2023

    Ramadan Adili

    Inspire Realty Group LLC

    (630) 401-9293

    1 in this area

    50 Total Sales

    Ramadan Adili
    Section Image

  • J

    Buyer's Agent in 2023

    Jack Maloney

    HomeSmart Realty Group

    (630) 578-0002

    1 in this area

    7 Total Sales

    Jack Maloney
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11616167

Midwest Real Estate Data (MRED)

APN: 06-24-252-002

Illinois Kane County Elgin 60120 Elgin National Watch Historic District

507 Grace St Unit 9, 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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