NOT LISTED FOR SALE

523 Eichler Dr West Dundee, IL 60118

Estimated Value: $359,159

16 Beds
8 Baths
-- Sq Ft
1.7 Acres

Last Sold October 26, 2021

Last sale price $1,045,000

Current estimated payment $2,546/month

38 Days on Market

Highlights

  • 1.7 Acre Lot
  • Dundee Highlands Elementary School Rated A-
  • Forced Air Heating and Cooling System

About This Home

As of October 2021

Unique Investment Opportunity ** Quality built by custom builder/owner ** 4 ranch duplexes on adjacent lots being sold as one package ** All units have 2 bedrooms, 1 bath, basement w/laundry hook-up, 1 car garage & patio overlooking backyard** All units have dishwasher ** Some buildings have new a/c units ** Tenants pay gas, electric & water/sewer ** Charming family-friendly neighborhood - just blocks away from "Best Block in America" as voted by "Good Morning America ** Great rental location just off Rt 31 & Rt 72 - close to downtown & minutes to Randall Rd corridor & I-90 **

Last Agent to Sell the Property

Richard Dawidiuk

REMAX Legends License #475134041 Listed on: 08/08/2021

REMAX Legends

Last Buyer's Agent

Edward Liss

Triton Realty Group LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $25,884

Year Built

  • Built in 1979

Lot Details

  • 1.7 Acre Lot
  • Additional Parcels

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Pitched Roof
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 8 Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity, heat, sewer

Community Details

Overview

  • 8 Units

Building Details

  • Insurance Expense $3,934
  • Operating Expense $29,818
  • Gross Income $112,680
  • Net Operating Income $82,862

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$25,884

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Flats
  • Stories: 1
  • Year Built: 1979
  • Built Before 1978 (Y/N): No
  • Information: Other-See Remarks,No Sign on Property
  • Estimated Age: 36-50 Years
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 8
  • Total Bedrooms: 16
  • Basement Description: Unfinished
  • Dishwashers: 2
  • Refrigerators: 8
  • Ranges: 8
  • Room: 4
  • Room: 4
  • Room: 4

Exterior Features

  • List Price: 1348000
  • Roof: Composition
  • Exterior Building Type: Aluminum Siding,Brick
  • Roof Structure: Pitched
  • Misc Outside: Patio

Garage/Parking

  • Outdoor Parking: 6-12 Spaces
  • Indoor Parking: 6-12 Spaces,Attached

Utilities

  • Cooling: Central Individual
  • Heat/Ventilation: Central Heat/Indiv Controls,Forced Air,Gas

Condo/Co-op/Association

  • Unincorporated (Y/N): No

Fee Information

  • Janitor Expense: 0

Lot Info

  • Additional Parcels: Yes
  • Lot Size Acres: 1.7
  • Lot Dimensions: 50,964 TOTAL SF
  • Lot Size Sq Ft: 50964
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity, Heat, Sewer
  • Board Number: 10

Multi Family

  • Net Operating Income: 82862
  • Insurance Expense: 3934
  • GrossIncome: 112680
  • NumberOfUnitsTotal: 8
  • OperatingExpense: 29818
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 25884
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2021
Closed on
Oct 15, 2021
Sold by
Larsen Heidi A
Bought by
Chicago Title Land Trust Company and Trust Number 8002387121
Seller's Agent
Richard Dawidiuk
REMAX Legends
Buyer's Agent
Edward Liss
Triton Realty Group LLC
List Price
$1,440,000
Sold Price
$1,045,000
Premium/Discount to List
-$395,000
-27.43%
Current Estimated Value
$359,159

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$685,841
Avg. Annual Appreciation
-24.50%
Original Mortgage
$745,000
Outstanding Balance
$199,522
Interest Rate
3.75%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$159,637

Purchase Details

Closed on
May 29, 2018
Sold by
Larsen Grant R
Bought by
Larsen Heidi A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,250
Interest Rate
4.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 9, 2016
Sold by
Schock Virginia A
Bought by
Larsen Grant R and Larsen Heidi A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$530,000
Interest Rate
3.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 15, 2007
Sold by
Schock Norman F and Schock Virginia A
Bought by
Schock Virginia A and Virginia A Schock 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
Chicago Title Land Trust Company $1,045,000 Chicago Title
Larsen Heidi A -- Attorney
Larsen Grant R -- National Title Solutions Inc
Schock Virginia A -- Chicago Title Insurance Co
Schock Norman F -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chicago Title Land Trust Company $745,000
Previous Owner Larsen Heidi A $128,700
Previous Owner Larsen Heidi A $131,250
Previous Owner Larsen Grant R $530,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/26/2021 10/26/21 Sold $1,045,000 -27.4% --
09/17/2021 09/17/21 Pending -- -- --
08/09/2021 08/09/21 For Sale $1,440,000 -- --
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 $6,945 $85,199 $20,394 $64,805
2023 $6,560 $76,659 $18,350 $58,309
2022 $6,768 $76,821 $18,350 $58,471
2021 $6,554 $72,534 $17,326 $55,208
2020 $6,442 $70,903 $16,936 $53,967
2019 $6,257 $67,308 $16,077 $51,231
2018 $6,156 $64,546 $20,658 $43,888
2017 $5,890 $60,380 $19,325 $41,055
2016 $6,018 $58,462 $18,711 $39,751
2015 -- $54,781 $17,533 $37,248
2014 -- $53,268 $17,049 $36,219
2013 -- $54,899 $17,571 $37,328
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11183819

Midwest Real Estate Data (MRED)

APN: 03-27-206-010