NOT LISTED FOR SALE

Estimated Value: $257,772 - $267,000

3 Beds
2 Baths
-- Sq Ft
7,231 Sq Ft Lot

Last Sold September 29, 2022

Last sale price $215,000

Est. 22% increase in value since last sale

Current estimated payment $1,861/month

8 Days on Market

Highlights

  • 2 Car Detached Garage
  • Laundry Room
  • Family Room
  • Living Room
  • Dining Room

About This Home

As of September 2022

Elgin's finest Income Multi-unit property with a wrap-around porch and fenced backyard located minutes from downtown Elgin! This is an investor's dream to own a 2-unit building. The lower unit has two bedrooms, a full bathroom, a living room, an eat-in kitchen, private deck, and much more. You will find that the upper unit is spaceous for your tenants comfort as well. This property is an amazing opportunity to generate passive income as you continue to build your investment portfolio.

Last Agent to Sell the Property

Natalee Dismuke

Coldwell Banker Real Estate Gr License #471001263 Listed on: 07/02/2022

Coldwell Banker Real Estate Gr

Last Buyer's Agent

Derly Vinchery

Providence Residential Brokerage LLC License #475164707

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,516

Year Built

  • Built in 1898

Lot Details

  • 7,231

Parking

  • 2 Car Detached Garage
  • Parking Space is Owned

Interior Spaces

  • 2-Story Property
  • Family Room
  • Living Room
  • Dining Room
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 2 Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Basement Cellar

Utilities

  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,516

Year Built

Built in 1898

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1898
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Commuter Train
  • 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
  • Basement Description: Cellar
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Central Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Central Air Conditioner

Exterior Features

  • List Price: 220000
  • Waterfront: No
  • Exterior Building Type: Other

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

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

Schools

  • Middle/Junior School District: 46

Lot Info

  • Lot Dimensions: 7216
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 5

Tax Info

  • Tax Annual Amount: 3516.22
  • Tax Year: 2021

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Story Unit/s

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2022
Closed on
Sep 21, 2022
Sold by
Gendvilas Elizabeth J
Bought by
Vinchery Derly
Seller's Agent
Natalee Dismuke
Coldwell Banker Real Estate Gr
Buyer's Agent
Derly Vinchery
Providence Residential Brokerage LLC
List Price
$220,000
Sold Price
$215,000
Premium/Discount to List
-$5,000
-2.27%
Current Estimated Value
$262,943

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,943
Avg. Annual Appreciation
6.81%
Original Mortgage
$161,000
Interest Rate
5.13%
Mortgage Type
New Conventional
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

Date Buyer Sale Price Title Company
Vinchery Derly $215,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Vinchery Derly $161,500
Closed Vinchery Derly $161,000
Closed Gendvilas Edmund T $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2022 09/29/22 Sold $215,000 -2.3% --
07/11/2022 07/11/22 Pending -- -- --
07/02/2022 07/02/22 For Sale $220,000 -- --
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
2023 $4,753 $63,756 $12,915 $50,841
2022 $3,722 $53,920 $11,776 $42,144
2021 $3,516 $50,412 $11,010 $39,402
2020 $3,204 $48,126 $10,511 $37,615
2019 $3,067 $45,843 $10,012 $35,831
2018 $2,984 $43,187 $9,432 $33,755
2017 $2,862 $40,828 $8,917 $31,911
2016 $2,653 $37,878 $8,273 $29,605
2015 -- $34,719 $7,583 $27,136
2014 -- $34,290 $7,489 $26,801
2013 -- $35,195 $7,687 $27,508
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11453274

Midwest Real Estate Data (MRED)

APN: 06-11-379-004