NOT LISTED FOR SALE

510 Enterprise St Unit 12 Elgin, IL 60120

Estimated Value: $287,000 - $311,000

4 Beds
2 Baths
-- Sq Ft
8,712 Sq Ft Lot

Last Sold October 29, 2021

Last sale price $220,000

Est. 36% increase in value since last sale

Current estimated payment $2,044/month

4 Days on Market

About This Home

As of October 2021

Attention investors and house hackers, cash-flowing duplex in a great neighborhood. Close to train, restaurants, bike trails, and I-90. Bottom unit has a reliable tenant who pays $1100 a month and takes care of the lawn and snow. Tenant pays all utilities. Live in one unit and have your mortgage paid, or rent out both units for great cash flow. Qualifies for FHA or VA loans if you decide to live in one unit. Both units are two bedroom and one bath and share a large garage.

Last Agent to Sell the Property

Nick Kramer

RE/MAX Suburban License #475165177 Listed on: 09/14/2021

RE/MAX Suburban

Last Buyer's Agent

Juana Fuentes

Exclusive Living, Inc License #471006359

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,811

Year Built

  • Built in 1900

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 66 x 133

Parking

  • 2 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Frame Construction

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms

Unfinished Basement

  • Partial Basement

Utilities

  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Radiant Heating System

Community Details

Overview

  • 2 Units

Building Details

  • Electric Expense $85
  • Insurance Expense $87
  • Trash Expense $83
  • Water Sewer Expense $83
  • Gross Income $25,200
  • Net Operating Income $18,598

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,811

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1900
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner

Exterior Features

  • List Price: 239000
  • Waterfront: No
  • Exterior Building Type: Frame

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Steam, Radiant
  • Water Source: Public

Fee Information

  • Trash Expense: 83
  • Water Sewer Expenses: 83
  • Trash Expense Year: 2021

Schools

  • Middle/Junior School District: 46

Lot Info

  • Lot Size Acres: 0.2
  • Lot Dimensions: 66 X 133
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Multi Family

  • Net Operating Income: 18598
  • Insurance Expense: 87
  • ElectricExpense: 85
  • GrossIncome: 25200
  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 4810.62
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2021
Closed on
Oct 21, 2021
Sold by
Black Bear Holdings Llc
Bought by
Espinoza Elizabeth
Seller's Agent
Nick Kramer
RE/MAX Suburban
Buyer's Agent
Juana Fuentes
Exclusive Living, Inc
List Price
$239,000
Sold Price
$220,000
Premium/Discount to List
-$19,000
-7.95%
Current Estimated Value
$298,580

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,580
Avg. Annual Appreciation
7.78%
Original Mortgage
$216,015
Outstanding Balance
$197,339
Interest Rate
2.62%
Mortgage Type
FHA
Estimated Equity
$97,996

Purchase Details

Closed on
Sep 15, 2020
Sold by
Krueger Scott J and Krueger Darline A
Bought by
Black Bear Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 14, 2020
Sold by
Schifferer Thomas J
Bought by
Krueger Scott J and Krueger Darline A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 12, 2007
Sold by
Schifferer Thomas J and Schifferer Kathleen A
Bought by
Schifferer Thomas J and Tomas J Schifferer Revocable Trust
Source: Public Records

Range of Values:

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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
Espinoza Elizabeth $220,000 Precision Title
Black Bear Holdings Llc -- Chicago Title Insurance Co
Krueger Scott J $132,000 Chicago Title Insurance Co
Schifferer Thomas J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Espinoza Elizabeth $216,015
Previous Owner Black Bear Holdings Llc $140,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2021 10/29/21 Sold $220,000 -7.9% --
09/19/2021 09/19/21 Pending -- -- --
09/14/2021 09/14/21 For Sale $239,000 +81.1% --
01/14/2016 01/14/16 Sold $132,000 0.0% $78 / Sq Ft
01/14/2016 01/14/16 Sold $132,000 -5.0% --
12/17/2015 12/17/15 Pending -- -- --
12/17/2015 12/17/15 Pending -- -- --
11/22/2015 11/22/15 Price Changed $139,000 0.0% --
11/22/2015 11/22/15 Price Changed $139,000 -6.7% $82 / Sq Ft
11/16/2015 11/16/15 For Sale $149,000 0.0% $88 / Sq Ft
11/16/2015 11/16/15 For Sale $149,000 0.0% --
10/23/2015 10/23/15 Pending -- -- --
10/23/2015 10/23/15 Pending -- -- --
10/16/2015 10/16/15 For Sale $149,000 0.0% $88 / Sq Ft
09/27/2015 09/27/15 Price Changed $149,000 -6.3% --
08/10/2015 08/10/15 Price Changed $159,000 -5.9% --
07/23/2015 07/23/15 For Sale $169,000 -- --
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 $5,525 $77,040 $18,750 $58,290
2023 $5,251 $69,600 $16,939 $52,661
2022 $4,604 $59,098 $15,445 $43,653
2021 $4,929 $55,252 $14,440 $40,812
2020 $4,811 $52,746 $13,785 $38,961
2019 $4,693 $50,244 $13,131 $37,113
2018 $4,680 $47,333 $12,370 $34,963
2017 $4,602 $44,747 $11,694 $33,053
2016 $4,427 $41,513 $10,849 $30,664
2015 -- $38,050 $9,944 $28,106
2014 -- $37,580 $9,821 $27,759
2013 -- $38,571 $10,080 $28,491
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11218369

Midwest Real Estate Data (MRED)

APN: 06-12-452-008