NOT LISTED FOR SALE

573 Prospect St Elgin, IL 60120

Northeast Elgin Neighborhood

Estimated Value: $311,000 - $372,000

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

Sale Details

Date Sold: June 4, 2021

Last sale price $185,000

Est. 84% increase in value since last sale

Current estimated payment $2,372 / mo

17 Days on Market

Highlights

  • Property is near park
  • Corner Lot
  • 2 Car Detached Garage
  • Victorian Architecture
  • Tennis Courts
  • 1-minute walk to St Francis Park

About This Home

As of June 2021

THIS IS THE ONE YOU'VE BEEN LOOKING FOR - NOT JUST YOUR AVERAGE 2-FLAT (2486 SQ FEET + 1365 IN BASEMENT). 3 BEDROOM UPPER UNIT AND 1 BEDROOM LOWER (POTENTIAL FOR 2ND). CURRENTLY HOST LONG TERM TENANTS ON A MONTH TO MONTH LEASE (ONE FAMILY OCCUPIES BOTH UNITS). FULL/PARTIALLY FINISHED BASEMENT WITH ADIDTIONAL ROOMS. FENCED IN YARD & A 2-CAR DETACHED GARAGE. PROPERTY MAY QUALIFY FOR CITY OF ELGIN GRANT TO DECONVERT INTO SINGLE FAMILY HOUSE OR LEAVE AS A 2UNIT INVESTMENT PROPERTY. --ST. FRANCIS PARK LOCATED JUST STEPS AWAY FROM PROPERTY (PLAY AREA FOR THE KIDS - TENNIS COURTS - WALKING PATH AND MUCH MORE). DONT LET THIS OPPURTUNITY PASS YOU BY ... WON'T LAST *** SOLD AS IS ***

Last Agent to Sell the Property

Esther Zamudio

Zamudio Realty Group License #471021065 Listed on: 04/28/2021

Last Buyer's Agent

Esther Zamudio

Zamudio Realty Group License #471021065 Listed on: 04/28/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,593

Year Built

  • Built in 1889

Lot Details

  • Lot Dimensions are 66x132
  • Corner Lot
  • Paved or Partially Paved Lot

Parking

  • 2 Car Detached Garage
  • Parking Included in Price

Home Design

  • Victorian Architecture
  • Frame Construction
  • Asphalt Roof

Interior Spaces

  • Ceiling Fan
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms

Additional Features

  • Porch
  • Property is near park
  • Heating System Uses Steam

Community Details

Overview

  • 2 Units

Recreation

  • Tennis Courts

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,593

Year Built

Built in 1889

Lot Details

8,712 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Victorian
  • New Construction: No
  • Year Built: 1889
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Other Equipment: Ceiling Fan(s)
  • Basement Description: Partially Finished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • ExteriorFeatures: Porch
  • Lot Features: Corner Lot
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Frame

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Steam
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Park, Tennis Court(s), Curbs, Sidewalks, Street Lights, Street Paved, Other

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 66X132
  • 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: 5592.88
  • Tax Year: 2020
  • Tax Exemptions: None

Multi Family

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 3, 2020
Sold by
Bought by
Current Estimated Value
$340,703

Purchase Details

Closed on
Apr 19, 2010
Sold by
Bought by

Purchase Details

Closed on
Oct 3, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$22,900
Interest Rate
0.065%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Sep 30, 2005
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$185,000 Ct
$91,000 Multiple
$229,000 Ticor Title Insurance Co
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $1,500,000
Closed $22,900
Closed $183,200
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/04/2021 06/04/21 Sold $185,000 -7.5% --
05/17/2021 05/17/21 For Sale -- -- --
05/17/2021 05/17/21 For Sale $199,900 0.0% --
05/15/2021 05/15/21 Pending -- -- --
05/04/2021 05/04/21 Pending -- -- --
04/28/2021 04/28/21 For Sale $199,900 -- --
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $6,764 $84,516 $20,147 $64,369
2023 $6,911 $81,066 $18,201 $62,865
2022 $5,958 $68,707 $16,596 $52,111
2021 $5,731 $64,236 $15,516 $48,720
2020 $5,593 $61,323 $14,812 $46,511
2019 $5,456 $58,414 $14,109 $44,305
2018 $5,441 $55,030 $13,292 $41,738
2017 $5,351 $52,023 $12,566 $39,457
2016 $5,147 $48,263 $11,658 $36,605
2015 -- $44,238 $10,686 $33,552
2014 -- $43,692 $10,554 $33,138
2013 -- $44,844 $10,832 $34,012
Source: Public Records

Agents Affiliated with this Home

  • Esther Zamudio

    Seller's Agent in 2021

    Esther Zamudio

    Zamudio Realty Group

    (847) 508-7500

    31 in this area

    580 Total Sales

    Esther Zamudio
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11069103

Midwest Real Estate Data (MRED)

APN: 06-12-353-001

Illinois Kane County Elgin 60120 Northeast Elgin

573 Prospect St, Elgin, IL

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) 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.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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