NOT LISTED FOR SALE

523 Eichler Dr West Dundee, IL 60118

Estimated Value: $318,000 - $348,000

16 Beds
8 Baths
-- Sq Ft
1.7 Acres Lot

Sale Details

Date Sold: October 26, 2021

Last sale price $1,045,000

Current estimated payment $2,363 / mo

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 License #475135935

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

1.7 Acres

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
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • 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

Exterior Features

  • 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

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
$329,813

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$715,187
Avg. Annual Appreciation
-22.30%
Original Mortgage
$745,000
Outstanding Balance
$173,455
Interest Rate
3.75%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$156,358

Purchase Details

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

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
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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
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

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
Open Chicago Title Land Trust Company $745,000
Previous Owner Larsen Grant R $530,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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

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

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