Seller's Agent in 2022
Larry Hines
RE/MAX
(847) 875-7747
3 in this area
89 Total Sales
61 N Aldine St Elgin, IL 60123
Near West Elgin NeighborhoodEstimated Value: $1,061,137
12
Beds
11
Baths
--
Sq Ft
0.36
Acre Lot
Highlights
- 0.36 Acre Lot
- Forced Air Heating System
- Hot Water Heating System
About This Home
As of May 2022Great 11-unit apartment building. Close to transportation and easy access to Route 20 and Interstate 90. Public trans is readily available at the Elgin terminal, located about 1.5 miles, and is locally served by PACE. Bus stops are conveniently located on Larkin Avenue which is footsteps away from the property. The unit mix is comprised of two studios, six one-bedroom / one-bathroom units, and three two-bedroom / one-bathroom units measuring at approximately 500, 650, and 700 square feet, respectively. The property features ample off-street parking and four additional garage/covered-space units. The property is surrounded by local parks, public schools, restaurants, retail stores, banks, grocery markets, etc. Directly east is downtown Elgin. The property offers an investor the opportunity to obtain a well-maintained asset in a favorable Elgin location.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $19,227
Year Built
- Built in 1955
Lot Details
- 0.36
Parking
- 6 to 12 Parking Spaces
Home Design
- Flat Roof Shape
- Brick Exterior Construction
Bedrooms and Bathrooms
- 12 Bedrooms
- 11 Bathrooms
Utilities
- Forced Air Heating System
- Floor Furnace
- Hot Water Heating System
- Heating System Uses Gas
- Separate Meters
Additional Features
- 2-Story Property
- 15,533 Sq Ft Lot
Listing and Financial Details
- Tenant pays for electricity, varies by tenant
Community Details
Overview
- 11 Units
Building Details
- Electric Expense $353
- Fuel Expense $1,674
- Insurance Expense $4,557
- Maintenance Expense $1,000
- Other Expense $750
- Trash Expense $1,067
- Water Sewer Expense $5,706
- Operating Expense $14,928
- Gross Income $109,140
- Net Operating Income $70,438
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
Listed on
Mar 12, 2022
Closed on
Apr 21, 2022
Sold by
Bought by
Seller's Agent
Larry Hines
RE/MAX Horizon
Buyer's Agent
Jessica Xu
Concentric Realty, Inc
List Price
$855,000
Sold Price
$880,000
Premium/Discount to List
$25,000
2.92%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$181,137
Avg. Annual Appreciation
4.59%
Original Mortgage
$800,000
Outstanding Balance
$723,568
Interest Rate
4.67%
Mortgage Type
New Conventional
Estimated Equity
$337,569
Purchase Details
Listed on
Apr 11, 2019
Closed on
Jul 22, 2019
Sold by
Bought by
Seller's Agent
Brian Knott
RE/MAX Horizon
Buyer's Agent
Larry Hines
RE/MAX Horizon
List Price
$775,000
Sold Price
$735,000
Premium/Discount to List
-$40,000
-5.16%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.69%
Original Mortgage
$1,100,000
Interest Rate
4.25%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 30, 2000
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
$356,000
Interest Rate
8.25%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| $880,000 | None Listed On Document | ||
| $735,000 | Attorneys Ttl Guaranty Fund | ||
| $445,000 | -- |
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 |
|---|---|---|---|
| Open | $800,000 | ||
| Previous Owner | $1,100,000 | ||
| Previous Owner | $356,000 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 05/02/2022 05/02/22 | Sold | $880,000 | +2.9% | -- | |
| 03/17/2022 03/17/22 | Pending | -- | -- | -- | |
| 03/12/2022 03/12/22 | For Sale | $855,000 | +16.3% | -- | |
| 07/22/2019 07/22/19 | Sold | $735,000 | -5.2% | -- | View Prior Sale |
| 04/19/2019 04/19/19 | Pending | -- | -- | -- | |
| 04/11/2019 04/11/19 | For Sale | $775,000 | -- | -- |
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 | $22,947 | $286,731 | $41,767 | $244,964 |
| 2023 | $22,082 | $259,039 | $37,733 | $221,306 |
| 2022 | $20,481 | $236,199 | $34,406 | $201,793 |
| 2021 | $19,702 | $220,829 | $32,167 | $188,662 |
| 2020 | $19,227 | $210,815 | $30,708 | $180,107 |
| 2019 | $18,755 | $200,814 | $29,251 | $171,563 |
| 2018 | $18,408 | $189,179 | $27,556 | $161,623 |
| 2017 | $18,395 | $178,842 | $26,050 | $152,792 |
| 2016 | $17,695 | $165,917 | $24,167 | $141,750 |
| 2015 | -- | $152,078 | $22,151 | $129,927 |
| 2014 | -- | $150,201 | $21,878 | $128,323 |
| 2013 | -- | $154,163 | $22,455 | $131,708 |
Source: Public Records
Agents Affiliated with this Home
-
Larry Hines
-
Jessica Xu
J
Buyer's Agent in 2022
Jessica Xu
Concentric Realty, Inc
(312) 451-2593
1 in this area
11 Total Sales
-
Brian Knott
Seller's Agent in 2019
Brian Knott
RE/MAX
(847) 269-9870
4 in this area
153 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11345854
APN: 06-15-278-014
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.
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
Nearby Homes
- 45 N Aldine St
- 186 N Du Bois Ave
- 17 N Weston Ave
- 13 N Weston Ave
- 16 S Clifton Ave
- 77 S Melrose Ave
- 26 Monroe Ave
- 8 Monroe St
- 308 N Clifton Ave
- 1170 Rainbow Rd
- 317 Vincent Place
- 1535 Easy St
- 51 Wilcox Ave
- 415 N Worth Ave
- 1629 Lin Lor Ln
- 903 Erie St
- 726 W Highland Ave
- 705 W Highland Ave
- 971 Demmond St
- 1560 Pamela Dr
- 61 N Aldine St
- 61 N Aldine St Unit 2
- 65 N Aldine St Unit 2
- 65 N Aldine St Unit 1
- 67 N Aldine St Unit 5
- 67 N Aldine St Unit 4
- 67 N Aldine St Unit 6
- 61 N Aldine St
- 61 N Aldine St Unit 3
- 61 N Aldine St Unit 4
- 61 N Aldine St Unit 2
- 72 N Alfred Ave
- 1126 Larkin Ave
- 64 N Alfred Ave Unit C
- 64 N Alfred Ave Unit A
- 1108 Larkin Ave
- 81 N Aldine Ave
- 81 N Aldine St
- 1100 Larkin Ave Unit 8
- 68 N Aldine St
Your Personal Tour Guide
Ask me questions while you tour the home.