NOT LISTED FOR SALE

Estimated Value: $298,000 - $363,000

5 Beds
2 Baths
-- Sq Ft
10,454 Sq Ft Lot

Last Sold April 05, 2021

Last sale price $197,000

Est. 69% increase in value since last sale

Current estimated payment $2,309/month

20 Days on Market

Highlights

  • The property is located in a historic district
  • Fenced Yard
  • Property is near bus stop
  • Corner Lot
  • Detached Garage
  • 4-minute walk to St Francis Park

About This Home

As of April 2021

This historic 2-unit property is nestled in between Elgin's popular Gold Coast neighborhood and downtown Elgin. The location of this property is sure to keep your vacancy rates down. Just minutes from I90, downtown Elgin, RT25, RT31, and the Metra, transportation surrounds this property. Current rents total $1,900/mo, which should create positive cash flow for the next owner. Rents can likely be increased to meet market values. Both units are currently occupied - one of them is on a month-to-month. The property has a brand new boiler, a large fenced yard, 2 car garage, and a basement.

Last Agent to Sell the Property

Andrew Stoll

Stoll Real Estate License #471018925 Listed on: 01/21/2021

Last Buyer's Agent

Maria Tamayo

Luna Real Estate Inc. License #471019966

Property Details

Home Type

  • Multi-Family

Year Built

  • 1888

Lot Details

  • Fenced Yard
  • Corner Lot

Parking

  • Detached Garage
  • Parking Available
  • Garage Transmitter
  • Garage Door Opener
  • Driveway
  • Off-Street Parking
  • Parking Included in Price
  • Garage Is Owned

Home Design

  • Brick Exterior Construction
  • Asphalt Shingled Roof

Location

  • Property is near bus stop
  • The property is located in a historic district

Additional Features

  • Basement Fills Entire Space Under The House
  • Radiator

Community Details

  • Fuel Expense $300

Listing and Financial Details

  • $4,000 Seller Concession

Property Details

Home Type

Multi-Family

Year Built

1888

Lot Details

0

Parking

2

Listing Details

  • Property Type: Two to Four Units
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service, Commuter Bus, Commuter Train, Interstate Access, Historical District
  • Age: 100+ Years
  • Full Bathrooms: 2
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 2
  • Zoning Type: MULTI
  • Estimated Year Built: 1888
  • Type Multi: 2 Flat
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1888

Interior Features

  • Number Of Rooms: 13
  • Equipment: CO Detectors, Ceiling Fan
  • Basement: Full
  • Basement: Unfinished
  • Bedrooms All Levels: 5
  • Above Grade Bedrooms: 5

Exterior Features

  • Lot Size: Less Than .25 Acre
  • Exterior Building Type: Brick
  • Roof Type: Asphalt/Glass (Shingles)
  • Exterior Property Features: Storms/Screens
  • Acreage: 0.24

Garage/Parking

  • Number of Cars: 4
  • Parking: Garage, Space/s
  • Parking Details: Off Street, Driveway
  • Number Parking Spaces: 2
  • Parking On Site: Yes
  • Garage Type: Detached
  • Garage Details: Garage Door Opener(s), Transmitter(s)
  • Garage On Site: Yes
  • Number Garage Spaces: 2
  • Parking Included In Price: Yes
  • Parking Ownership: Owned
  • Garage Ownership: Owned

Utilities

  • Water: Public
  • Sewer: Sewer-Public
  • Heating Fuel: Radiators
  • Water Expense: 150

Fee Information

  • Electricity Expense: 50

Schools

  • Junior High Dist: 46

Lot Info

  • Lot Dimensions: 66X157
  • Lot Description: Corner, Fenced Yard
  • Parcel Identification Number: 0611480007

Rental Info

  • Gross Rental Income: 1900
  • Total Rental Income: 1900

Multi Family

  • Total Number Unitsin Building: 2
  • Three Bedroom Number of Units: Yes
  • Full Baths In Building: 2
  • Fuel Expense: 300

Tax Info

  • Taxes: 5617.54

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 21, 2021
Closed on
Mar 12, 2021
Sold by
Maroni Marika and Herman Larry
Bought by
Ramirez Alberto and Rosillo Gloria
Seller's Agent
Andrew Stoll
Stoll Real Estate
Buyer's Agent
Maria Tamayo
Luna Real Estate Inc.
List Price
$208,000
Sold Price
$197,000
Premium/Discount to List
-$11,000
-5.29%
Current Estimated Value
$333,279

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$136,279
Avg. Annual Appreciation
11.63%
Original Mortgage
$181,270
Interest Rate
2.25%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 28, 2012
Closed on
Feb 19, 2013
Sold by
Flores Francisco and Flores Micaela
Bought by
Maroni Marika
Seller's Agent
Esther Zamudio
Zamudio Realty Group
Buyer's Agent
Susan Kaminski
Suburban Life Realty, Ltd
List Price
$79,900
Sold Price
$86,000
Premium/Discount to List
$6,100
7.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.73%

Purchase Details

Closed on
May 31, 2008
Sold by
Krob Douglas Scott and Krob Maria Victoria
Bought by
Flores Francisco

Purchase Details

Closed on
Mar 12, 2008
Sold by
Flores Francisco
Bought by
Krob Douglas Scott and Krob Maria Victoria

Purchase Details

Closed on
Mar 18, 2002
Sold by
Flores Francisco and Flores Micaela
Bought by
Flores Francisco

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,800
Interest Rate
6.93%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 30, 1997
Sold by
Flores Maria V and Flores Micaela
Bought by
Flores Francisco and Flores Micaela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
12.49%

Purchase Details

Closed on
Mar 10, 1995
Sold by
Lenz Erich R and Lenz Hedwig
Bought by
Flores Maria V and Flores Micaela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,620
Interest Rate
9.13%
Mortgage Type
FHA
Source: Public Records

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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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
Ramirez Alberto $197,000 Attorney
Maroni Marika $86,000 None Available
Flores Francisco -- None Available
Krob Douglas Scott -- None Available
Flores Francisco -- Greater Illinois Title Compa
Flores Francisco -- Brokers Title Insurance Co
Flores Maria V $125,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ramirez Alberto $181,270
Previous Owner Flores Francisco $158,800
Previous Owner Flores Francisco $136,000
Previous Owner Flores Maria V $123,620
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/05/2021 04/05/21 Sold $197,000 -1.5% --
02/10/2021 02/10/21 Pending -- -- --
02/03/2021 02/03/21 Price Changed $200,000 -3.8% --
01/21/2021 01/21/21 For Sale $208,000 +141.9% --
02/20/2013 02/20/13 Sold $86,000 +7.6% -- View Prior Sale
12/12/2012 12/12/12 Pending -- -- --
11/28/2012 11/28/12 For Sale $79,900 -- --
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 $6,787 $92,808 $16,584 $76,224
2023 $6,465 $83,845 $14,982 $68,863
2022 $5,614 $70,744 $13,661 $57,083
2021 $5,901 $66,141 $12,772 $53,369
2020 $5,759 $63,142 $12,193 $50,949
2019 $5,618 $60,147 $11,615 $48,532
2018 $5,602 $56,662 $10,942 $45,720
2017 $5,509 $53,566 $10,344 $43,222
2016 $5,300 $49,694 $9,596 $40,098
2015 -- $45,549 $8,796 $36,753
2014 -- $44,986 $8,687 $36,299
2013 -- $46,172 $8,916 $37,256
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10959839

Midwest Real Estate Data (MRED)

APN: 06-11-480-007