NOT LISTED FOR SALE

54 N Liberty St Unit 56 Elgin, IL 60120

Gifford Park Neighborhood

Estimated Value: $464,000 - $548,912

8 Beds
4 Baths
-- Sq Ft
9,148 Sq Ft Lot

Last Sold April 10, 2019

Last sale price $300,000

Est. 66% increase in value since last sale

Current estimated payment $3,527/month

29 Days on Market

Highlights

  • Prairie Architecture
  • Brick Porch or Patio
  • Heating System Uses Steam
  • 2 Car Detached Garage

About This Home

As of April 2019

A beautiful and wonderfully maintained Prairie-style duplex now for sale! Very large identical units (2,290 sq ft each)with 4 bedrooms and 1 1/2 baths. Property is totally updated with newer kitchens, baths, heating systems, roof, copper gutters and all exterior maintenance. Historic features include hardwood floors, original woodwork, fireplaces in each unit, built-in china cabinets and multiple stained glass windows. Unique stained glass skylight in staircase. Enjoyable landscaped back yard with brick patio and walkway. Each unit with full basement. If you want a fabulous historic home and have rental income to cover most of the mortgage, this is the home for you!

Last Agent to Sell the Property

Thomas Krebsbach

Vintage Home Realty License #471010460 Listed on: 01/12/2019

Last Buyer's Agent

Dean Daubert

HomeSmart Connect LLC License #475180308

HomeSmart Connect LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,348

Year Built

  • Built in 1903

Lot Details

  • 9,148 Sq Ft Lot
  • Lot Dimensions are 67 x 135

Parking

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

Home Design

  • Duplex
  • Prairie Architecture
  • Asphalt Roof
  • Stucco

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 4 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Outdoor Features

  • Brick Porch or Patio

Utilities

  • Heating System Uses Steam
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Listing and Financial Details

  • Homeowner Tax Exemptions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,348

Year Built

Built in 1903

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Prairie
  • New Construction: No
  • Year Built: 1903
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Historical District
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Basement Description: Unfinished,Exterior Access
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 2
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Garage/Space,Hardwood Floors,Skylights/Windows
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Garage/Space,Hardwood Floors,Skylights/Windows

Exterior Features

  • ExteriorFeatures: Porch, Brick Paver Patio
  • List Price: 299000
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Stucco

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, Steam
  • Water Source: Public

Schools

  • Middle/Junior School District: 46

Lot Info

  • Lot Size Acres: 0.21
  • Lot Dimensions: 67 X 135
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 5

Tax Info

  • Tax Annual Amount: 8348
  • Tax Year: 2017
  • Tax Exemptions: Homeowner

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
Jan 12, 2019
Closed on
Apr 8, 2019
Sold by
Stegall Sean R and Pascarella Stegall Michele L
Bought by
Busse Thomas and Busse Barbara
Seller's Agent
Thomas Krebsbach
Vintage Home Realty
Buyer's Agent
Dean Daubert
HomeSmart Connect LLC
List Price
$299,000
Sold Price
$300,000
Premium/Discount to List
$1,000
0.33%
Current Estimated Value
$499,478

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$199,478
Avg. Annual Appreciation
8.28%
Original Mortgage
$240,000
Outstanding Balance
$158,700
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$343,757

Purchase Details

Closed on
Aug 15, 2003
Sold by
Cogley William A and Cogley Marilyn B
Bought by
Stegall Sean R and Pascarella Stegall Michele

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$313,500
Interest Rate
5.69%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 8, 1997
Sold by
Cogley William A and Cogley Marilyn B
Bought by
Cogley William A and Cogley Marilyn B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
7.54%

Purchase Details

Closed on
Oct 25, 1994
Sold by
Fritz David J and Fritz Bonnie L Barr
Bought by
Cogley William A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,000
Interest Rate
8.75%
Source: Public Records

Range of Values:

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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
Busse Thomas $300,000 Attorneys Ttl Guaranty Fund
Stegall Sean R $330,000 Chicago Title Insurance Co
Cogley William A -- --
Cogley William A $180,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Busse Thomas $240,000
Previous Owner Stegall Sean R $313,500
Previous Owner Cogley William A $168,000
Previous Owner Cogley William A $162,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/10/2019 04/10/19 Sold $300,000 +0.3% --
02/11/2019 02/11/19 For Sale $299,000 -0.3% --
02/10/2019 02/10/19 Off Market $300,000 -- --
02/10/2019 02/10/19 Pending -- -- --
01/12/2019 01/12/19 For Sale $299,000 -- --
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 $10,544 $139,755 $18,748 $121,007
2023 $10,081 $126,258 $16,937 $109,321
2022 $9,462 $115,126 $15,444 $99,682
2021 $9,068 $107,635 $14,439 $93,196
2020 $8,824 $102,754 $13,784 $88,970
2019 $8,581 $97,879 $13,130 $84,749
2018 $8,523 $92,208 $12,369 $79,839
2017 $8,349 $87,169 $11,693 $75,476
2016 $7,985 $80,869 $10,848 $70,021
2015 -- $74,124 $9,943 $64,181
2014 -- $73,209 $9,820 $63,389
2013 -- $75,140 $10,079 $65,061
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10171394

Midwest Real Estate Data (MRED)

APN: 06-13-262-006