NOT LISTED FOR SALE

Estimated Value: $244,000 - $274,000

5 Beds
2 Baths
-- Sq Ft
0.25 Acres

Last Sold June 28, 2018

Last sale price $159,900

Est. 63% increase in value since last sale

Current estimated payment $1,795/month

41 Days on Market

Highlights

  • Cape Cod Architecture
  • South Elgin High School Rated A-
  • Forced Air Heating System

About This Home

As of June 2018

LEGAL 2-FLAT IN EXCELLENT OVERALL CONDITION PROVIDING DEPENDABLE HIGH CASH FLOW WITH GOOD LONG TERM TENANTS. A TRULY TURN-KEY INVESTMENT WITH 10.55% MARKET CAP RATE.

Last Agent to Sell the Property

Patrick Jage

Sterling Realty & Prop Mgt LLC License #471001727 Listed on: 03/28/2018

Last Buyer's Agent

Christopher Davis

Tanis Group Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,698

Year Built

  • Built in 1889 | Remodeled in 2017

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 30x125

Home Design

  • Cape Cod Architecture
  • Asphalt Roof
  • Concrete Perimeter Foundation
  • Cedar

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 2 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House

Parking

  • 4 Parking Spaces
  • Driveway
  • Uncovered Parking
  • Parking Included in Price

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

Overview

  • 2 Units

Building Details

  • Gross Income $23,700
  • Net Operating Income $16,349

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,698

Year Built

Built in 1889 | Remodeled in 2017

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Cape Cod
  • New Construction: No
  • Year Built: 1889
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2017
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2017

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 5
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave

Exterior Features

  • Foundation Details: Concrete Perimeter
  • List Price: 159900
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Cedar

Garage/Parking

  • Parking Features: Driveway
  • ParkingTotal: 4
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

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

Fee Information

  • Other Expenses $: 7351

Schools

  • Middle/Junior School District: 46

Lot Info

  • Lot Size Acres: 0.25
  • Lot Dimensions: 30X125
  • Zoning: OTHER
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 5
  • Is Parking Included in Price: Yes

Multi Family

  • Net Operating Income: 16349
  • GrossIncome: 23700
  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 3697.82
  • Tax Year: 2016
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2018
Closed on
Jun 26, 2018
Sold by
Wisefools Re Llc
Bought by
Flesher Jason and Flesher Kristin A
Seller's Agent
Patrick Jage
Sterling Realty & Prop Mgt LLC
Buyer's Agent
Christopher Davis
Tanis Group Realty
List Price
$159,900
Sold Price
$159,900
Current Estimated Value
$260,219

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$100,319
Avg. Annual Appreciation
6.78%
Original Mortgage
$119,925
Interest Rate
5.37%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 28, 2018
Closed on
May 19, 2018
Sold by
543 Raymond Street Series Of Wisefools L
Bought by
Wisefools Re Llc
Seller's Agent
Patrick Jage
Sterling Realty & Prop Mgt LLC
Buyer's Agent
Christopher Davis
Tanis Group Realty
List Price
$159,900
Sold Price
$159,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,925
Interest Rate
5.37%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 6, 2012
Closed on
May 17, 2012
Sold by
Federal Home Loan Mortgage Corporation
Bought by
The 543 Raymond Street Wisefools Llc
Seller's Agent
James Dumont
Baird & Warner Fox Valley - Geneva
Buyer's Agent
Patrick Jage
Sterling Realty & Prop Mgt LLC
List Price
$54,900
Sold Price
$54,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.15%

Purchase Details

Closed on
Dec 12, 2011
Sold by
Aguilera Sergio
Bought by
Federal Home Loan Mortgage Corp

Purchase Details

Closed on
Jun 6, 2001
Sold by
Hud
Bought by
Aguilera Sergio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,450
Interest Rate
10.62%

Purchase Details

Closed on
Oct 20, 2000
Sold by
Gonzalez Rolando and Juarez Marcela
Bought by
Hud

Purchase Details

Closed on
Feb 26, 1999
Sold by
Garcia Salvador
Bought by
Gonzalez Rolando and Juarez Marcela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,729
Interest Rate
6.83%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 18, 1998
Sold by
Farney Robert E
Bought by
Garcia Salvador

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,000
Interest Rate
6.99%
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
Flesher Jason $150,000 Chicago Title Ins Co
Wisefools Re Llc -- Attorney
The 543 Raymond Street Wisefools Llc $55,000 Attorneys Title Guaranty Fun
Federal Home Loan Mortgage Corp -- None Available
Aguilera Sergio -- Stewart Title Company
Hud -- Wheatland Title
Gonzalez Rolando $125,000 --
Garcia Salvador $85,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Flesher Jason $121,500
Closed Flesher Jason $119,925
Previous Owner Aguilera Sergio $158,000
Previous Owner Aguilera Sergio $152,000
Previous Owner Aguilera Sergio $90,450
Previous Owner Gonzalez Rolando $123,729
Previous Owner Garcia Salvador $68,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2018 06/28/18 Sold $159,900 0.0% --
05/08/2018 05/08/18 Pending -- -- --
04/06/2018 04/06/18 Off Market $159,900 -- --
03/30/2018 03/30/18 Pending -- -- --
03/28/2018 03/28/18 For Sale $159,900 +191.3% --
05/25/2012 05/25/12 Sold $54,900 0.0% --
05/09/2012 05/09/12 Pending -- -- --
04/10/2012 04/10/12 For Sale $54,900 0.0% --
04/08/2012 04/08/12 Off Market $54,900 -- --
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
2024 $4,519 $64,465 $14,449 $50,016
2023 $4,283 $58,240 $13,054 $45,186
2022 $3,760 $49,359 $11,903 $37,456
2021 $3,582 $46,147 $11,128 $35,019
2020 $3,471 $44,054 $10,623 $33,431
2019 $3,359 $41,964 $10,119 $31,845
2018 $3,908 $39,533 $9,533 $30,000
2017 $3,844 $37,373 $9,012 $28,361
2016 $3,698 $34,672 $8,361 $26,311
2015 -- $31,780 $7,664 $24,116
2014 -- $31,387 $7,569 $23,818
2013 -- $32,215 $7,769 $24,446
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09898266

Midwest Real Estate Data (MRED)

APN: 06-24-251-010