NOT LISTED FOR SALE

573 Addison St Elgin, IL 60120

Estimated Value: $201,000 - $274,000

3 Beds
1.5 Baths
1,070 Sq Ft
$225/Sq Ft Est. Value

Last Sold February 22, 2023

Last sale price $167,000 $156 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $1,612/month

34 Days on Market

Highlights

  • 2 Car Detached Garage
  • Living Room
  • Dining Room

About This Home

As of February 2023

Great Investment Property! Positive Cash Flow! Single family home. 3 bedroom 1 bath Various updates through the years. Solid rent roll with little vacancy. Part of 27 Building Investment Portfolio in Elgin. Buy 1 or Buy Multiple. Owner prefers to sell in groups but will sell individually.

Last Agent to Sell the Property

Sharon Mennerick

HomeSmart Connect LLC License #475134295 Listed on: 12/09/2022

HomeSmart Connect LLC

Co-Listed By

Rudy Johnson

Keller Williams Inspire - Geneva License #475139695

Last Buyer's Agent

Michael Herrera

Baird & Warner Fox Valley - Geneva License #475197059

Baird & Warner Fox Valley -  Geneva

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,033

Year Built

  • Built in 1890 | Remodeled in 2000

Lot Details

  • Lot Dimensions are 37 x 168

Parking

  • 2 Car Detached Garage
  • Parking Included in Price

Interior Spaces

  • 1,070 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Dining Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms

Utilities

  • No Cooling
  • Heating System Uses Natural Gas

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,033

Year Built

Built in 1890 | Remodeled in 2000

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Year Built: 1890
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2000
  • New Construction Y/N: No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2000

Interior Features

  • Basement: Full
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • LivingArea: 1070
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 1070
  • Assessed Sq Ft: 1070
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 1070
  • Basement Sq Ft: 640
  • Total Sq Ft: 1710
  • Unfinished Basement Sq Ft: 640
  • Upper Level Sq Ft: 430
  • Main Level Sq Ft: 640
  • ResoLivingAreaSource: Assessor

Exterior Features

  • List Price: 165000
  • 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
  • Cooling: None
  • Heating: Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Middle/Junior School District: 46

Lot Info

  • Lot Dimensions: 37 X 168
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 4033.42
  • Tax Year: 2021
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 9, 2022
Closed on
Feb 13, 2023
Sold by
Ann L Mapes Trust and Donald L Mapes Trust
Bought by
Cano-Rodriguez Valentin
Seller's Agent
Sharon Mennerick
HomeSmart Connect LLC
Buyer's Agent
Michael Herrera
Baird & Warner Fox Valley - Geneva
List Price
$200,000
Sold Price
$167,000
Premium/Discount to List
-$33,000
-16.5%
Views
127
Current Estimated Value
$240,228

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,228
Avg. Annual Appreciation
15.01%
Original Mortgage
$158,650
Outstanding Balance
$154,101
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$86,127

Purchase Details

Closed on
Nov 4, 1998
Sold by
Mapes Donald L and Mapes Ann L
Bought by
Mapes Donald L and Mapes Ann L
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Cano-Rodriguez Valentin $167,000 None Listed On Document
Mapes Donald L -- --
Mapes Ann L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cano-Rodriguez Valentin $158,650
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/22/2023 02/22/23 Sold $167,000 +1.2% $156 / Sq Ft
01/13/2023 01/13/23 Pending -- -- --
01/06/2023 01/06/23 Price Changed $165,000 -17.5% $154 / Sq Ft
12/09/2022 12/09/22 For Sale $200,000 -- $187 / Sq Ft
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 $4,057 $58,700 $11,362 $47,338
2023 $4,521 $53,031 $10,265 $42,766
2022 $4,193 $48,355 $9,360 $38,995
2021 $4,033 $45,209 $8,751 $36,458
2020 $3,785 $41,502 $8,354 $33,148
2019 $3,692 $39,534 $7,958 $31,576
2018 $3,374 $34,130 $7,497 $26,633
2017 $3,319 $32,265 $7,087 $25,178
2016 $3,192 $29,933 $6,575 $23,358
2015 -- $27,437 $6,027 $21,410
2014 -- $27,099 $5,953 $21,146
2013 -- $31,644 $6,110 $25,534
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11679539

Midwest Real Estate Data (MRED)

APN: 06-13-211-007