NOT LISTED FOR SALE

653 Page Ave Elgin, IL 60120

Estimated Value: $301,000 - $338,008

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

Last Sold May 01, 2018

Last sale price $189,400

Est. 68% increase in value since last sale

Current estimated payment $2,258/month

4 Days on Market

Highlights

  • Colonial Architecture
  • Garage ceiling height seven feet or more
  • Forced Air Heating System
  • 3 Car Detached Garage

About This Home

As of May 2018

IMPRESSIVE REHABBED LEGAL TWO-FLAT ON LARGE CORNER LOT PROVIDING HIGH CASH FLOW WITH GOOD LONG TERM TENANTS. ROOF, GUTTERS, AND BOILER ALL NEW IN 2017. ONE WATER HEATER REPLACED 2014 AND PLUMBING CHANGED TO ALL COPPER PIPES. NEW GARAGE DOORS WILL BE INSTALLED THIS WEEK. INCLUDED ARE COMMERCIAL GRADE WASHER/DRYER, TWO 18,000 BTU WINDOW A/C, AND A LAWN MOWER.

Last Agent to Sell the Property

Patrick Jage

Sterling Realty & Prop Mgt LLC License #471001727 Listed on: 04/04/2018

Last Buyer's Agent

Larry Hines

RE/MAX Horizon License #475123873

RE/MAX Horizon

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,756

Year Built

  • Built in 1930 | Remodeled in 2017

Lot Details

  • 8,712

Parking

  • 3 Car Detached Garage
  • Garage ceiling height seven feet or more
  • Parking Space is Owned

Home Design

  • Colonial Architecture
  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Basement Fills Entire Space Under The House
  • 8,712 Sq Ft Lot

Community Details

Overview

  • 2 Units

Building Details

  • Gross Income $2,430
  • Net Operating Income $15,144

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,756

Year Built

Built in 1930 | Remodeled in 2017

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Colonial
  • New Construction: No
  • Year Built: 1930
  • Age: 81-90 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2017
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2017

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Basement Description: Partially Finished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave

Exterior Features

  • Foundation Details: Concrete Perimeter
  • List Price: 184900
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Cedar,Shakes

Garage/Parking

  • Garage Spaces: 3
  • ParkingTotal: 7
  • Garage Details: 7 Foot or more high garage door
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

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

Fee Information

  • Other Expenses $: 9,156

Schools

  • Middle/Junior School District: 46

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.2
  • Lot Dimensions: 8422 SF
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 5

Multi Family

  • Net Operating Income: 15144
  • GrossIncome: 2430
  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 3756
  • Tax Year: 2016
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2018
Closed on
May 1, 2018
Sold by
Rbc Properties Llc
Bought by
Gcpd Llc 11
Seller's Agent
Patrick Jage
Sterling Realty & Prop Mgt LLC
Buyer's Agent
Larry Hines
RE/MAX Horizon
List Price
$184,900
Sold Price
$189,400
Premium/Discount to List
$4,500
2.43%
Current Estimated Value
$317,752

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$128,352
Avg. Annual Appreciation
6.94%

Purchase Details

Closed on
Aug 31, 2016
Sold by
Popko Richard J
Bought by
R B C Properties Llc

Purchase Details

Closed on
Nov 1, 2011
Sold by
Us Bank National Association
Bought by
Popko Richard J

Purchase Details

Closed on
Jun 14, 2011
Sold by
Cantero Arturo
Bought by
Us Bank N A

Purchase Details

Closed on
Dec 8, 2004
Sold by
Garcia Maria Luisa and Mota Enrique
Bought by
Cantero Arturo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,600
Interest Rate
6.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 26, 1999
Sold by
Morrison Michael R and Morrison Kathleen A
Bought by
Garcia Maria Luisa and Mota Enrique

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,870
Interest Rate
7.78%
Mortgage Type
FHA
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
Gcpd Llc 11 $189,500 Multiple
R B C Properties Llc -- None Available
Popko Richard J $84,000 First American Title
Us Bank N A -- None Available
Cantero Arturo $222,000 First American Title Ins Co
Garcia Maria Luisa $170,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cantero Arturo $177,600
Previous Owner Garcia Maria Luisa $168,870
Closed Cantero Arturo $44,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2018 05/01/18 Sold $189,400 +2.4% --
04/08/2018 04/08/18 Pending -- -- --
04/04/2018 04/04/18 For Sale $184,900 -- --
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 $6,882 $85,997 $17,276 $68,721
2023 $6,623 $77,692 $15,608 $62,084
2022 $5,697 $65,696 $14,232 $51,464
2021 $5,480 $61,421 $13,306 $48,115
2020 $5,348 $58,636 $12,703 $45,933
2019 $5,217 $55,854 $12,100 $43,754
2018 $5,202 $52,618 $11,399 $41,219
2017 $5,116 $49,743 $10,776 $38,967
2016 $4,282 $46,148 $9,997 $36,151
2015 -- $42,299 $9,163 $33,136
2014 -- $41,777 $9,050 $32,727
2013 -- $42,879 $9,289 $33,590
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09904525

Midwest Real Estate Data (MRED)

APN: 06-12-279-001