NOT LISTED FOR SALE

53 S Union St Elgin, IL 60123

Estimated Value: $329,956 - $357,000

4 Beds
2 Baths
-- Sq Ft
0.27 Acres

Last Sold October 19, 2021

Last sale price $270,100

Est. 27% increase in value since last sale

Current estimated payment $2,498/month

6 Days on Market

Highlights

  • Colonial Architecture
  • Corner Lot
  • Fenced Yard
  • Sun or Florida Room
  • Great Room
  • 2 Car Detached Garage

About This Home

As of October 2021

This is a well maintained, super clean and hard to find two unit in quiet location. Home has been in current family since 1953. This is an unusual 2 unit - as it was built in 1948 as a two flat and was not simply a conversion - has been owner occupied for most of its time. Both units boast many original features including cabinetry, flooring and fixtures. Lower level has oak flooring and upper unit has bright maple (original.) Major mechanicals are 4 years or less - such as furnaces, hot water heaters, windows, roof, bathroom fixtures and so on... Main level is currently vacant and would be great for the owner occupant as the lower level has an additional finished great room -- great for a work from home office, kids playroom or simply storage. Located in the heart of Elgin near restaurants, shopping, Metra and the casino. Don't miss this great opportunity!

Last Agent to Sell the Property

Mary Hager-Swanson

Swanson Real Estate License #471003655 Listed on: 09/18/2021

Last Buyer's Agent

Jayesh Parekh

ARNI Realty Incorporated License #475149245

ARNI Realty Incorporated

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,571

Year Built

  • Built in 1948 | Remodeled in 2016

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 138 x 68
  • Fenced Yard
  • Corner Lot
  • Paved or Partially Paved Lot

Parking

  • 2 Car Detached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Parking Space is Owned

Home Design

  • Colonial Architecture
  • Stone Foundation
  • Asphalt Roof
  • Aluminum Siding

Interior Spaces

  • Great Room
  • Sun or Florida Room
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms

Home Security

  • Storm Screens
  • Carbon Monoxide Detectors

Outdoor Features

  • Porch

Schools

  • Washington Elementary School
  • Abbott Middle School
  • Larkin High School

Utilities

  • Heating System Uses Natural Gas
  • Multiple Water Heaters

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $950
  • Water Sewer Expense $1,080

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,571

Year Built

Built in 1948 | Remodeled in 2016

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Colonial
  • New Construction: No
  • Year Built: 1948
  • Age: 71-80 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2016
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2016

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Other Equipment: CO Detectors, Multiple Water Heaters
  • Room Type: Great Room, Sun Room
  • Basement Description: Partially Finished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • ExteriorFeatures: Porch, Storms/Screens
  • Foundation Details: Stone
  • List Price: 269900
  • Lot Features: Corner Lot, Fenced Yard
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

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

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved

Fee Information

  • Water Sewer Expenses: 1080

Schools

  • Elementary School: Washington Elementary School
  • High School: Larkin High School
  • Middle/Junior School: Abbott Middle School
  • Middle/Junior School District: 46

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.27
  • Lot Dimensions: 138 X 68
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 5

Multi Family

  • Insurance Expense: 950
  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 5571.18
  • Tax Year: 2020
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 18, 2021
Closed on
Oct 19, 2021
Sold by
Thoren Steven F and Steven F Thoren Trust No 116
Bought by
Jeyaa Realty Llc
Seller's Agent
Mary Hager-Swanson
Swanson Real Estate
Buyer's Agent
Jayesh Parekh
ARNI Realty Incorporated
List Price
$269,900
Sold Price
$270,100
Premium/Discount to List
$200
0.07%
Total Days on Market
6
Current Estimated Value
$342,739

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,639
Avg. Annual Appreciation
6.76%
Original Mortgage
$184,000
Outstanding Balance
$159,812
Interest Rate
2.99%
Mortgage Type
New Conventional
Estimated Equity
$182,927

Purchase Details

Closed on
May 25, 2016
Sold by
Thoren Steven F
Bought by
Thoren Steven F and Steven F Thoren Trust No 116

Purchase Details

Closed on
Jun 5, 1995
Sold by
Thoren Robert V
Bought by
Thoren Steven F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
8.26%
Source: Public Records

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Range of Values:

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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
Jeyaa Realty Llc $270,500 None Available
Thoren Steven F -- None Available
Thoren Steven F $110,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jeyaa Realty Llc $184,000
Previous Owner Thoren Steven F $100,000
Previous Owner Thoren Steven F $35,000
Previous Owner Thoren Steven F $144,450
Previous Owner Thoren Steven F $142,000
Previous Owner Thoren Steven $60,000
Previous Owner Thoren Steven F $88,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/19/2021 10/19/21 Sold $270,100 +0.1% --
09/25/2021 09/25/21 Pending -- -- --
09/18/2021 09/18/21 For Sale $269,900 -- --
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
2023 $6,891 $80,840 $17,243 $63,597
2022 $5,935 $68,440 $15,723 $52,717
2021 $5,709 $63,987 $14,700 $49,287
2020 $5,571 $61,085 $14,033 $47,052
2019 $5,434 $58,187 $13,367 $44,820
2018 $5,419 $54,816 $12,593 $42,223
2017 $3,014 $35,307 $11,905 $23,402
2016 $1,903 $19,973 $11,045 $8,928
2015 -- $44,066 $10,124 $33,942
2014 -- $43,522 $9,999 $33,523
2013 -- $44,670 $10,263 $34,407
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11223243

Midwest Real Estate Data (MRED)

APN: 06-14-377-001