NOT LISTED FOR SALE

Estimated Value: $277,000 - $321,000

2 Beds
2 Baths
-- Sq Ft
0.26 Acres

Last Sold August 06, 2018

Last sale price $87,500

Est. 244% increase in value since last sale

Current estimated payment $2,066/month

17 Days on Market

About This Home

As of August 2018

Legal non-conforming 2 unit. 2 bedrooms, 1 bath per unit. Separate gas and electric utilities. Not in historical district. Can be converted to single family residence and is eligible for City of Elgin Deconversion Grant. SOLD AS IS. CASH ONLY OFFERS ACCEPTED. Proof of funds must accompany all offers. Not foreclosure or short sale. Quick close possible. Easy to show. Immediate confirmation when using Show Assist

Last Agent to Sell the Property

Susan Adelizzi

Associates Realty License #475159478 Listed on: 06/29/2018

Last Buyer's Agent

Patrick Mueller

Inspire Realty Group License #475180956

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,713

Year Built

  • Built in 1878

Lot Details

  • 0.26

Parking

  • 1 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Stucco

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 2 Bathrooms

Schools

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

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 72x157

Community Details

  • 2 Units

Listing and Financial Details

  • Homeowner Tax Exemptions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,713

Year Built

Built in 1878

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1878
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Commuter Train
  • 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: 2
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Stucco

Garage/Parking

  • Garage Spaces: 1
  • ParkingTotal: 1
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Schools

  • Elementary School: MCKINLEY ELEMENTARY SCHOOL
  • High School: ELGIN HIGH SCHOOL
  • Middle/Junior School: LARSEN MIDDLE SCHOOL

Lot Info

  • Lot Dimensions: 72X157
  • Zoning: LNC
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 5

Tax Info

  • Tax Annual Amount: 3712.82
  • Tax Year: 2017
  • Tax Exemptions: Homeowner

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 23, 2021
Sold by
Modus Group Llc
Bought by
Mueller Patrick
Current Estimated Value
$300,905

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,000
Outstanding Balance
$110,985
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$189,920

Purchase Details

Listed on
Jun 29, 2018
Closed on
Aug 6, 2018
Sold by
Pathfinder Holdings Llc
Bought by
Modus Group Llc
Seller's Agent
Susan Adelizzi
Associates Realty
Buyer's Agent
Patrick Mueller
Inspire Realty Group
List Price
$104,900
Sold Price
$87,500
Premium/Discount to List
-$17,400
-16.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.33%
Original Mortgage
$125,257
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 29, 2018
Closed on
Jun 29, 2018
Sold by
Anderson Kenneth E and The Estate Of Kenneth E Anders
Bought by
Pathfinder Holdi Ngs Llc
Seller's Agent
Susan Adelizzi
Associates Realty
Buyer's Agent
Patrick Mueller
Inspire Realty Group
List Price
$104,900
Sold Price
$87,500
Premium/Discount to List
-$17,400
-16.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,257
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 27, 1997
Sold by
Collins Rosalie Ann
Bought by
Anderson Kenneth Ernest

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,000
Interest Rate
7.54%

Purchase Details

Closed on
Sep 12, 1994
Sold by
Collins Rosalie Ann and Anderson Erene H
Bought by
Anderson Kenneth Ernest and Collins Rosalie Ann
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mueller Patrick -- National Title Solutions Inc
Modus Group Llc $87,500 Lakeland Title Services
Pathfinder Holdi Ngs Llc $72,000 Attorney
Anderson Kenneth Ernest $28,666 --
Anderson Kenneth Ernest -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mueller Patrick $121,000
Previous Owner Modus Group Llc $125,257
Previous Owner Anderson Kenneth Ernest $43,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/06/2018 08/06/18 Sold $87,500 -16.6% --
07/16/2018 07/16/18 Pending -- -- --
06/29/2018 06/29/18 For Sale $104,900 -- --
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 $5,802 $72,493 $17,521 $54,972
2023 $5,583 $65,492 $15,829 $49,663
2022 $4,821 $55,600 $14,433 $41,167
2021 $4,638 $51,982 $13,494 $38,488
2020 $4,526 $49,625 $12,882 $36,743
2019 $4,415 $47,271 $12,271 $35,000
2018 $3,810 $44,532 $11,560 $32,972
2017 $3,713 $42,098 $10,928 $31,170
2016 $3,525 $39,055 $10,138 $28,917
2015 -- $35,797 $9,292 $26,505
2014 -- $35,355 $9,177 $26,178
2013 -- $36,288 $9,419 $26,869
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10002464

Midwest Real Estate Data (MRED)

APN: 06-11-403-010