NOT LISTED FOR SALE

531 Congdon Ave Unit 33 Elgin, IL 60120

Northeast Elgin Neighborhood

Estimated Value: $328,000 - $422,304

3 Beds
2 Baths
-- Sq Ft
7,492 Sq Ft Lot

Last Sold May 24, 2024

Last sale price $400,000

Est. 5% decrease in value since last sale

Current estimated payment $2,606/month

2 Days on Market

Highlights

  • Ranch Style House
  • Fenced Yard
  • Forced Air Heating System
  • Corner Lot
  • 4 Car Detached Garage
  • Ceiling Fan

About This Home

As of May 2024

Great investment opportunity! The spaciousness of the eat-in kitchen, recent upgrades like the roof (10 yrs. old), furnaces and A/C units (5-6 yrs. old), along with the added benefit of separate basements and fenced yards, make this duplex quite appealing. Plus, having a 2-car garage for each unit adds significant value. The potential for rental income from one unit while living in the other is a great option for homeowners looking to offset their mortgage or investors seeking cash flow. And for those interested in expanding their investment portfolio, this property offers a solid foundation. Sold as-is.

Last Agent to Sell the Property

Mireya Delgado Aguilera

Universal Real Estate LLC Listed on: 04/26/2024

Last Buyer's Agent

Valerie Warden

Baird & Warner Fox Valley - Geneva License #471009061

Baird & Warner Fox Valley -  Geneva

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,636

Year Built

  • Built in 1968

Lot Details

  • Fenced Yard
  • Corner Lot

Parking

  • 4 Car Detached Garage
  • Garage Transmitter
  • Parking Space is Owned

Home Design

  • Duplex
  • Ranch Style House
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Ceiling Fan
  • Carbon Monoxide Detectors

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 2 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,636

Year Built

Built in 1968

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Ranch
  • New Construction: No
  • Year Built: 1968
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Other Equipment: CO Detectors, Ceiling Fan(s), Sump Pump
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Lot Features: Corner Lot, Fenced Yard
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Brick

Garage/Parking

  • Garage Spaces: 4
  • ParkingTotal: 4
  • Garage Details: Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 7500
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 5

Tax Info

  • Tax Annual Amount: 6636
  • Tax Year: 2022
  • Tax Exemptions: None

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 26, 2024
Closed on
May 20, 2024
Sold by
Mendoza Noe and Mendoza Maria Elena
Bought by
Sg Home Rentals Llc
Seller's Agent
Mireya Delgado Aguilera
Universal Real Estate LLC
Buyer's Agent
Valerie Warden
Baird & Warner Fox Valley - Geneva
List Price
$415,000
Sold Price
$400,000
Premium/Discount to List
-$15,000
-3.61%
Views
8
Current Estimated Value
$378,576

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$21,424
Avg. Annual Appreciation
-3.78%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Sg Home Rentals Llc $400,000 None Listed On Document
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/24/2024 05/24/24 Sold $400,000 -3.6% --
04/29/2024 04/29/24 Pending -- -- --
04/26/2024 04/26/24 For Sale $415,000 -- --
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 $7,435 $92,908 $16,136 $76,772
2023 $7,155 $83,936 $14,578 $69,358
2022 $6,636 $76,535 $13,293 $63,242
2021 $6,384 $71,555 $12,428 $59,127
2020 $6,230 $68,310 $11,864 $56,446
2019 $6,077 $65,069 $11,301 $53,768
2018 $6,060 $61,299 $10,646 $50,653
2017 $5,960 $57,949 $10,064 $47,885
2016 $5,734 $53,761 $9,337 $44,424
2015 -- $49,277 $8,558 $40,719
2014 -- $48,668 $8,452 $40,216
2013 -- $49,952 $8,675 $41,277
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12038498

Midwest Real Estate Data (MRED)

APN: 06-12-212-001