NOT LISTED FOR SALE

515 W Highland Ave Elgin, IL 60123

Near West Elgin Neighborhood

Estimated Value: $283,456 - $315,000

5 Beds
3 Baths
-- Sq Ft
4,792 Sq Ft Lot

Sale Details

Date Sold: February 19, 2016

Last sale price $65,000

Est. 356% increase in value since last sale

Current estimated payment $2,064 / mo

35 Days on Market

About This Home

As of February 2016

THIS SOLID BRICK OFFERS A GREAT INVESTMENT OPPORTUNITY. HOUSE NEEDS A NEW ROOF, BUT WITH A LITTLE CARE IT MAY BE A GOOD INCOME GENERATOR. BUYER MAY CHOOSE TO LIVE IN ONE AND RENT SECOND UNIT. THIS A LEGAL NON-CONFORMING PROPERTY AND MIGHT BE DIFFICULT TO FINANCE. CASH WOULD A PREFERRED CHOICE. THIS HOME WILL GO FAST.

Last Agent to Sell the Property

German Hernandez

Hercana Real Estate License #471018904 Listed on: 08/19/2015

Last Buyer's Agent

Juana Fuentes

Exclusive Living, Inc License #471006359

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 38 x 127

Parking

  • 1 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 3 Bathrooms

Additional Features

  • Basement Fills Entire Space Under The House
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

4,792 Sq Ft Lot

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1923
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: 12
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 5
  • Basement Description: Partially Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 1
  • ParkingTotal: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.11
  • Lot Dimensions: 38 X 127
  • Zoning: OTHER
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 5

Tax Info

  • Tax Annual Amount: 4210.44
  • Tax Year: 2014

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 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

Closed on
Oct 17, 2017
Sold by
Bought by
Current Estimated Value
$296,614

Purchase Details

Listed on
Aug 19, 2015
Closed on
Feb 12, 2016
Sold by
Bought by
Seller's Agent
German Hernandez
Hercana Real Estate
Buyer's Agent
Juana Fuentes
Exclusive Living, Inc
List Price
$85,900
Sold Price
$65,000
Premium/Discount to List
-$20,900
-24.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.81%

Purchase Details

Closed on
Jan 17, 2007
Sold by
Bought by

Purchase Details

Closed on
Oct 16, 2001
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
$156,600
Interest Rate
6.88%

Purchase Details

Closed on
May 29, 1998
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
$133,794
Interest Rate
7.22%
Mortgage Type
FHA
Source: Public Records
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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
-- None Available
$65,000 Alliance Title Corporation
-- None Available
-- Brokers Title Insurance Co
$135,500 --
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
Previous Owner $156,600
Previous Owner $133,794
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
02/19/2016 02/19/16 Sold $65,000 -1.4% --
09/23/2015 09/23/15 Pending -- -- --
09/22/2015 09/22/15 Price Changed $65,900 -13.2% --
09/04/2015 09/04/15 Price Changed $75,900 -11.6% --
08/19/2015 08/19/15 For Sale $85,900 -- --
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 $5,549 $69,341 $10,579 $58,762
2023 $5,340 $62,644 $9,557 $53,087
2022 $4,571 $52,719 $8,714 $44,005
2021 $4,397 $49,289 $8,147 $41,142
2020 $4,292 $47,054 $7,778 $39,276
2019 $4,186 $44,822 $7,409 $37,413
2018 $4,185 $42,225 $6,980 $35,245
2017 $4,106 $39,918 $6,599 $33,319
2016 $3,950 $37,033 $6,122 $30,911
2015 -- $33,944 $5,611 $28,333
2014 -- $33,525 $5,542 $27,983
2013 -- $34,409 $5,688 $28,721
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2016

    German Hernandez

    Hercana Real Estate

    (847) 912-3461

    2 in this area

    21 Total Sales

    German Hernandez
    Section Image
  • Juana Fuentes

    Buyer's Agent in 2016

    Juana Fuentes

    Exclusive Living, Inc

    (847) 924-0079

    1 in this area

    79 Total Sales

    Juana Fuentes
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09016768

Midwest Real Estate Data (MRED)

APN: 06-14-403-003

Illinois Kane County Elgin 60123 Near West Elgin

515 W Highland Ave, 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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