NOT LISTED FOR SALE

565 Columbia Ave Elgin, IL 60120

Northeast Elgin Neighborhood

Estimated Value: $276,000 - $300,000

4 Beds
3 Baths
-- Sq Ft
8,712 Sq Ft Lot

Last Sold May 12, 2023

Last sale price $250,000

Est. 17% increase in value since last sale

Current estimated payment $1,996/month

2 Days on Market

Highlights

  • Fenced Yard
  • Forced Air Heating System
  • Paved or Partially Paved Lot
  • 2 Car Detached Garage
  • Ceiling Fan

About This Home

As of May 2023

Attractive 2 unit on large lot with detached 2 car garage. Perfect for owner occupants or investors, the lower level has 2 beds, 1.1 baths and the upper unit is a roomy 2 bed, 1 bath. Full basement is useful for storage and does have laundry hookups. Long driveway with ample parking and detached 2 car garage.

Last Agent to Sell the Property

Joan Couris

Keller Williams Thrive License #475155965 Listed on: 04/11/2023

Keller Williams Thrive

Last Buyer's Agent

Christopher Davis

Inspire Realty Group LLC License #471020520

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,632

Year Built

  • Built in 1910 | Remodeled in 2023

Lot Details

  • Lot Dimensions are 66 x 129
  • Fenced Yard
  • Paved or Partially Paved Lot

Parking

  • 2 Car Detached Garage
  • Parking Included in Price

Home Design

  • Frame Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Ceiling Fan
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 3 Bathrooms

Utilities

  • Forced Air Heating System
  • 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

$4,632

Year Built

Built in 1910 | Remodeled in 2023

Lot Details

8,712 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1910
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2023
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2023

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Other Equipment: Ceiling Fan(s)
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Lot Features: Fenced Yard
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Frame

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, Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 66 X 129
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

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

Tax Info

  • Tax Annual Amount: 4632.24
  • Tax Year: 2021
  • Tax Exemptions: Homeowner

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2023
Closed on
May 5, 2023
Sold by
Obermann Harold S
Bought by
Russell Arthur
Seller's Agent
Joan Couris
Keller Williams Thrive
Buyer's Agent
Christopher Davis
Inspire Realty Group LLC
List Price
$235,000
Sold Price
$250,000
Premium/Discount to List
$15,000
6.38%
Views
71
Current Estimated Value
$293,113

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,113
Avg. Annual Appreciation
5.91%
Original Mortgage
$212,500
Outstanding Balance
$206,439
Interest Rate
6.25%
Mortgage Type
New Conventional
Estimated Equity
$86,674

Purchase Details

Closed on
Dec 6, 2017
Sold by
Gilles Michael and Gilles Sandra
Bought by
Obermann Harold S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,250
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 18, 1994
Sold by
Ovington Donald F and Ovington Shirley M
Bought by
Gilles Michael and Gilles Sandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,675
Interest Rate
8%
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
Russell Arthur $250,000 None Listed On Document
Obermann Harold S -- None Available
Gilles Michael $125,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Russell Arthur $212,500
Previous Owner Obermann Harold S $101,250
Previous Owner Gilles Michael $93,675
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/12/2023 05/12/23 Sold $250,000 +6.4% --
04/14/2023 04/14/23 Pending -- -- --
04/11/2023 04/11/23 For Sale $235,000 -- --
Source: Midwest Real Estate Data (MRED)

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 $5,828 $80,821 $19,062 $61,759
2023 $5,542 $73,016 $17,221 $55,795
2022 $4,852 $61,953 $15,703 $46,250
2021 $4,632 $57,921 $14,681 $43,240
2020 $4,496 $55,294 $14,015 $41,279
2019 $4,359 $52,671 $13,350 $39,321
2018 $4,313 $49,620 $12,577 $37,043
2017 $4,825 $46,909 $11,890 $35,019
2016 $4,641 $43,519 $11,031 $32,488
2015 -- $39,889 $10,111 $29,778
2014 -- $39,396 $9,986 $29,410
2013 -- $40,435 $10,249 $30,186
Source: Public Records

Agents Affiliated with this Home

  • Joan Couris

    Seller's Agent in 2023

    Joan Couris

    Keller Williams Thrive

    (630) 561-3348

    16 in this area

    672 Total Sales

    Joan Couris
    Section Image
  • Christopher Davis

    Buyer's Agent in 2023

    Christopher Davis

    Inspire Realty Group LLC

    (847) 489-3476

    17 in this area

    309 Total Sales

    Christopher Davis
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11756351

Midwest Real Estate Data (MRED)

APN: 06-12-407-003

Illinois Kane County Elgin 60120 Northeast Elgin

565 Columbia Ave, Elgin, IL

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

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