NOT LISTED FOR SALE

Estimated Value: $314,256 - $471,000

4 Beds
2 Baths
-- Sq Ft
0.3 Acres

Last Sold December 22, 2020

Last sale price $219,500

Est. 65% increase in value since last sale

Current estimated payment $2,559/month

35 Days on Market

Highlights

  • Property is near a park
  • Corner Lot
  • Lower Floor Utility Room
  • Victorian Architecture
  • Sitting Room
  • 5-minute walk to St Francis Park

About This Home

As of December 2020

Unique two-unit nestled in heart of downtown Elgin is situated in the perfect location for all of your needs. This property will function well with a live-in owner or as an investment property. Property is located walking distance to bus station, Metra and shopping. Property is also walking distance to Elgin Community Center and Library. Other recent updates include roof (approx 5 years old), rebuilt garage (approx 3 years ago) & recently painted exterior. Property boasts hardwood floors throughout both levels. Basement has been well maintained and houses storage for both units. Coin-op laundry in basement transfers with property. Al city inspections have been recently passed. This building is turnkey and ready for its new owner. Call today to see!!

Last Agent to Sell the Property

Joe Taylor

Realty Executives Advance License #475135157 Listed on: 10/09/2020

Realty Executives Advance

Last Buyer's Agent

Angelica Hernandez

Monarch Realty License #471010290

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,721

Year Built

  • Built in 1898

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 99 x 132
  • Corner Lot
  • Paved or Partially Paved Lot

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Parking Space is Owned

Home Design

  • Victorian Architecture
  • Block Foundation
  • Asphalt Roof
  • Concrete Perimeter Foundation
  • Cedar

Interior Spaces

  • Ceiling Fan
  • Entrance Foyer
  • Sitting Room
  • Workshop
  • Lower Floor Utility Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Basement Storage

Home Security

  • Storm Screens
  • Carbon Monoxide Detectors

Schools

  • Mckinley Elementary School
  • Larsen Middle School
  • Elgin High School

Utilities

  • Radiator
  • Heating System Uses Steam
  • Radiant Heating System
  • Individual Controls for Heating

Additional Features

  • Porch
  • Property is near a park

Community Details

Overview

  • 2 Units

Building Details

  • Water Sewer Expense $117
  • Gross Income $24,360

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,721

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
  • ArchitecturalStyle: Victorian
  • New Construction: No
  • Year Built: 1898
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • 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: 4
  • Other Equipment: CO Detectors, Ceiling Fan(s)
  • Room Type: Foyer, Sitting Room, Utility Room-Lower Level, Workshop
  • Basement Description: Partially Finished,Exterior Access,Storage Space
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner,Hardwood Floors

Exterior Features

  • ExteriorFeatures: Porch, Storms/Screens
  • Foundation Details: Block, Concrete Perimeter
  • List Price: 224900
  • Lot Features: Corner Lot
  • OtherStructures: Garage(s)
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Cedar

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Steam, Radiant, Radiator(s), Indv Controls
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Park, Curbs, Sidewalks, Street Lights, Street Paved
  • Conversion YN: N

Fee Information

  • Water Sewer Expenses: 117

Schools

  • Elementary School: Mckinley Elementary School
  • High School: Elgin High School
  • Middle/Junior School: Larsen Middle School
  • Middle/Junior School District: 46

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.3
  • Lot Dimensions: 99 X 132
  • Zoning: MULTI
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Multi Family

  • GrossIncome: 24360
  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 2720.65
  • Tax Year: 2019
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 25, 2022
Sold by
Gutierrez and Maribel
Bought by
Revocable Living Trust
Current Estimated Value
$363,064

Purchase Details

Listed on
Oct 9, 2020
Closed on
Nov 30, 2020
Sold by
Hudson Brittany A
Bought by
Gutierrez Esequiel and Lara Maribel
Seller's Agent
Joe Taylor
Realty Executives Advance
Buyer's Agent
Angelica Hernandez
Monarch Realty
List Price
$224,900
Sold Price
$219,500
Premium/Discount to List
-$5,400
-2.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.29%
Original Mortgage
$164,625
Interest Rate
2.71%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 9, 2020
Closed on
Nov 18, 2020
Sold by
Besinger Greg and Brittany A Besinger Trust
Bought by
Hudson Brittany A
Seller's Agent
Joe Taylor
Realty Executives Advance
Buyer's Agent
Angelica Hernandez
Monarch Realty
List Price
$224,900
Sold Price
$219,500
Premium/Discount to List
-$5,400
-2.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,625
Interest Rate
2.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 10, 2011
Sold by
Hudson Brittany A
Bought by
Besinger Greg and Brittany A Besinger Trust #2

Purchase Details

Closed on
Mar 10, 2011
Sold by
Dennis J Jessien Trust
Bought by
Hudson Brittany

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,750
Interest Rate
4.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 1, 2003
Sold by
Jessien Dennis J and Jessien Chong O
Bought by
Jessien Dennis J and Jessien Declaration O Dennis J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
4.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 27, 2003
Sold by
Jessien Dennis J and Dennis J Jessien Trust
Bought by
Jessien Dennis J and Jessien Chong O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
4.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 25, 1995
Sold by
Jessien Dennis J
Bought by
Jessien Dennis J
Source: Public Records

Range of Values:

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Average Value
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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
Revocable Living Trust -- Cahow Bradley E
Gutierrez Esequiel $219,500 Ct
Hudson Brittany A -- Ct
Besinger Greg -- None Available
Hudson Brittany $105,000 Alliance Title Corporation
Jessien Dennis J -- Stewart Title Company
Jessien Dennis J -- Stewart Title Company
Jessien Dennis J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gutierrez Esequiel $164,625
Previous Owner Hudson Brittany $78,750
Previous Owner Jessien Dennis J $184,500
Previous Owner Jessien Dennis J $185,000
Previous Owner Jessien Dennis J $153,000
Previous Owner Jessien Dennis J $43,054
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/22/2020 12/22/20 Sold $219,500 -2.4% --
11/13/2020 11/13/20 Pending -- -- --
10/09/2020 10/09/20 For Sale $224,900 -- --
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 $7,152 $89,373 $21,311 $68,062
2023 $6,883 $80,742 $19,253 $61,489
2022 $5,942 $68,525 $17,555 $50,970
2021 $5,716 $64,066 $16,413 $47,653
2020 $5,578 $61,161 $15,669 $45,492
2019 $5,441 $58,260 $14,926 $43,334
2018 $5,458 $55,208 $14,061 $41,147
2017 $5,368 $52,192 $13,293 $38,899
2016 $5,164 $48,420 $12,332 $36,088
2015 -- $44,381 $11,303 $33,078
2014 -- $43,833 $11,163 $32,670
2013 -- $44,989 $11,457 $33,532
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10901828

Midwest Real Estate Data (MRED)

APN: 06-11-430-010