NOT LISTED FOR SALE
0.52 Acre
-- Price per Acre
22,651 Sq Ft Lot

Last Sold April 14, 2021

Last sale price $50,000

109 Days on Market

About This Lot

As of April 2021

Location! Location! Location! Directly north of Downtown Elgin: Commercial land for sale, (almost a half-acre), on the east side of State Street/Route 31 with great potential for a mini-mart or any similar type of small business--the Zoning is CI! High traffic counts, all-day-long, in front of this property. (The EPA says: this property is ready-to-go, and no further remediation is needed! The EPA report has been made part of the Title for this property. A NEW Plat of Survey/all Zoning detail is available, for any buyer. The Seller's attorney says: easy property to buy, because the NEW Plat of Survey is done, the Title Search is done.....and, it's ready-to-close! (*Please contact the City of Elgin FIRST, to see if a potential use of this land WOULD be approved by the city. Thank you!*) Come see!

Last Agent to Sell the Property

Lorri Kordik

Berkshire Hathaway HomeServices Chicago License #475137313 Listed on: 12/15/2020

Berkshire Hathaway HomeServices Chicago

Co-Listed By

Brian Hellmann

Coldwell Banker Realty License #471008932

Last Buyer's Agent

Varinia Farrell

Coldwell Banker Realty License #475180364

Coldwell Banker Realty

Property Details

Property Type

  • Land

Lot Details

Location

  • Property is near bus stop

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • General Information: School Bus Service, Commuter Bus, Commuter Train, Interstate Access
  • Ownership: Fee Simple
  • Current Use: Commercial
  • Potential Use: Commercial, Liquor License, Office and Research, Retail
  • Rail Availability: Mainline, Potential
  • Utilities To Site: Electric to Site, Gas to Site, Sanitary Sewer to Site, Sewer-Storm Available, Water-Community, Water to Site
  • Zoning Type: COMMR
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Land Description: Cleared, Level
  • Road Surface: Asphalt

Exterior Features

  • Lot Size: .50-.99 Acre
  • Acreage: 0.52
  • Frontage Access: City Street, Public Road, State Road, Paved
  • Front Footage: 206

Schools

  • Junior High Dist: 46

Lot Info

  • Lot Dimensions: 205.72 X 83.12 X 190.33 X 104.19
  • Estimated Land Sq Ft: 18400.50
  • Land Amenities: Lighting/Exterior
  • Parcel Identification Number: 0611384005

Tax Info

  • Taxes: 4074.69

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 12, 2024
Sold by
Lopez Juan Antonio
Bought by
Lorenzo Jesus

Purchase Details

Listed on
Dec 15, 2020
Closed on
Apr 9, 2021
Sold by
Go Tane Service Stations Inc
Bought by
Lopez Juan Antonio
Seller's Agent
Lorri Kordik
Berkshire Hathaway HomeServices Chicago
Buyer's Agent
Varinia Farrell
Coldwell Banker Realty
List Price
$59,000
Sold Price
$50,000
Premium/Discount to List
-$9,000
-15.25%

Purchase Details

Closed on
Mar 26, 2009
Sold by
Allah Bismillah Inc
Bought by
Go Tane Service Stations Inc

Purchase Details

Closed on
Jan 7, 2004
Sold by
Midwest Bank & Trust Co
Bought by
Allah Bismillah Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$415,000
Interest Rate
7.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 17, 1995
Sold by
Go Tane Service Stations Inc
Bought by
Midwest Trust Services Inc
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

Date Buyer Sale Price Title Company
Lorenzo Jesus $50,000 None Listed On Document
Lopez Juan Antonio $50,000 Attorneys Ttl Guaranty Fund
Go Tane Service Stations Inc -- Ct
Allah Bismillah Inc $550,000 Chicago Title Insurance Comp
Midwest Trust Services Inc -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Allah Bismillah Inc $415,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/14/2021 04/14/21 Sold $50,000 -13.8% --
04/03/2021 04/03/21 Pending -- -- --
03/23/2021 03/23/21 Price Changed $58,000 -1.7% --
03/05/2021 03/05/21 For Sale $59,000 0.0% --
02/24/2021 02/24/21 Pending -- -- --
02/19/2021 02/19/21 For Sale $59,000 0.0% --
01/21/2021 01/21/21 Pending -- -- --
01/19/2021 01/19/21 Price Changed $59,000 -9.2% --
12/15/2020 12/15/20 For Sale $65,000 -- --
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
2024 $4,400 $54,985 $54,985 --
2023 $4,235 $49,675 $49,675 --
2022 $3,928 $45,295 $45,295 $0
2021 $3,778 $42,348 $42,348 $0
2020 $3,687 $40,428 $40,428 $0
2019 $4,044 $43,303 $38,510 $4,793
2018 $4,043 $40,794 $36,279 $4,515
2017 $4,265 $41,468 $36,879 $4,589
2016 $4,460 $41,816 $37,189 $4,627
2015 -- $38,328 $34,087 $4,241
2014 -- $37,855 $33,666 $4,189
2013 -- $38,854 $34,554 $4,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10953639

Midwest Real Estate Data (MRED)

APN: 06-11-384-005