Dawn Larsen
Baird & Warner
(386) 888-4346
149 Total Sales
1 in Near West Elgin
$200,000 Price
7 Lynch St Elgin, IL 60123
Near West Elgin NeighborhoodEstimated Value: $265,000 - $381,000
1
Bed
4
Baths
--
Sq Ft
8,625
Sq Ft Lot
Highlights
- Backs to Trees or Woods
- Lower Floor Utility Room
- Paved or Partially Paved Lot
- Farmhouse Style Home
- 2 Car Detached Garage
About This Home
As of November 2022Low maintenance 4-unit consisting of (3) studio units and (1) one bedroom unit. Additional income from garage and laundry. Long term tenants, with the longest living in this building for 8 years. Rents are below market which makes this a great investment as current cap rate is about 7%. Quiet location. Current owner is installing fence along south side of parking log and will be complete prior to closing. Easy to show.
Last Agent to Sell the Property
Swanson Real Estate License #471003655 Listed on: 08/25/2022
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,518
Year Built
- Built in 1963
Lot Details
- Lot Dimensions are 66 x 127
- Paved or Partially Paved Lot
- Backs to Trees or Woods
Parking
- 2 Car Detached Garage
- Side or Rear Entrance to Parking
- Additional Parking
- Parking Lot
- Parking Included in Price
Home Design
- Farmhouse Style Home
- Asphalt Roof
- Aluminum Siding
- Concrete Perimeter Foundation
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Potential Bedroom
- 4 Bathrooms
- Separate Shower
Schools
- Washington Elementary School
- Abbott Middle School
- Larkin High School
Additional Features
- Lower Floor Utility Room
- Heating System Uses Natural Gas
Community Details
Overview
- 4 Units
Building Details
- Electric Expense $265
- Fuel Expense $1,465
- Insurance Expense $1,586
- Water Sewer Expense $3,023
- Gross Income $37,550
- Net Operating Income $24,543
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
Closed on
Oct 1, 2024
Sold by
Kalabsa Anthony
Bought by
Current Estimated Value
Purchase Details
Listed on
Aug 25, 2022
Closed on
Nov 14, 2022
Sold by
Kofsky Mitchell S
Bought by
Kalabsa Anthony
Seller's Agent
Mary Hager-Swanson
Swanson Real Estate
Buyer's Agent
John Weideman
Piche Partners
List Price
$329,900
Sold Price
$320,000
Premium/Discount to List
-$9,900
-3%
Views
13
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.32%
Original Mortgage
$327,360
Interest Rate
6.94%
Mortgage Type
VA
Purchase Details
Closed on
Feb 1, 2018
Sold by
Fnbc Bank And Trust
Bought by
Kofsky Mitchell S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$980,000
Interest Rate
4.99%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Purchase Details
Closed on
Nov 13, 2013
Sold by
Kofsky Mitchell S
Bought by
State Bank Of Illinois and Trust #1-1374
Purchase Details
Closed on
Jan 5, 2005
Sold by
Williams Robert S and Williams Patricia K
Bought by
Kofsky Mitchell S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Near West Elgin, IL
-
Dawn Larsen
-
Juana Fuentes
Juana Fuentes
Exclusive Living, Inc
(224) 255-4532
75 Total Sales
1 in Near West Elgin
$209,900 Price
-
Elizabeth Goodchild
Elizabeth Goodchild
Realty of America
(224) 479-1826
470 Total Sales
1 in Near West Elgin
$290,000 Price
-
Ken Bruderle
Ken Bruderle
Responds QuicklySuperior Homes Realty
(224) 347-7415
54 Total Sales
1 in Near West Elgin
$355,000 Price
-
Ernestina Preciado
Ernestina Preciado
RE/MAX 10
(708) 998-4209
165 Total Sales
1 in Near West Elgin
$299,000 Price
-
Joseph Woodbury
Joseph Woodbury
Baird & Warner
(630) 534-2636
91 Total Sales
1 in Near West Elgin
$247,400 Price
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 |
|---|---|---|---|
| $319,500 | Chicago Title | ||
| Kalabsa Anthony | $320,000 | Chicago Title | |
| Kofsky Mitchell S | -- | Attorney | |
| State Bank Of Illinois | -- | None Available | |
| Kofsky Mitchell S | $225,000 | -- |
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 |
|---|---|---|---|
| Previous Owner | $327,360 | ||
| Previous Owner | Kofsky Mitchell S | $980,000 | |
| Previous Owner | Kofsky Mitchell S | $196,000 |
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 |
|---|---|---|---|---|
| 11/14/2022 11/14/22 | Sold | $320,000 | 0.0% | -- |
| 10/07/2022 10/07/22 | Pending | -- | -- | -- |
| 09/30/2022 09/30/22 | Price Changed | $319,900 | -3.0% | -- |
| 08/25/2022 08/25/22 | For Sale | $329,900 | -- | -- |
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 |
|---|---|---|---|---|
| 2025 | $7,857 | $102,993 | $18,137 | $84,856 |
| 2024 | $7,857 | $94,863 | $16,705 | $78,158 |
| 2023 | $7,306 | $85,702 | $15,092 | $70,610 |
| 2022 | $6,776 | $78,145 | $13,761 | $64,384 |
| 2021 | $6,518 | $73,060 | $12,866 | $60,194 |
| 2020 | $6,361 | $69,747 | $12,283 | $57,464 |
| 2019 | $6,205 | $66,438 | $11,700 | $54,738 |
| 2018 | $6,188 | $62,589 | $11,022 | $51,567 |
| 2017 | $6,086 | $59,169 | $10,420 | $48,749 |
| 2016 | $5,854 | $54,893 | $9,667 | $45,226 |
| 2015 | -- | $50,315 | $8,861 | $41,454 |
| 2014 | -- | $49,694 | $8,752 | $40,942 |
| 2013 | -- | $51,005 | $8,983 | $42,022 |
Source: Public Records
Agents Affiliated with this Home
-
Mary Hager-Swanson
MH
Seller's Agent in 2022
Mary Hager-Swanson
Swanson Real Estate
(847) 502-7587
3 in this area
26 Total Sales
-
John Weideman
Buyer's Agent in 2022
John Weideman
Piche Partners
(312) 885-0321
1 in this area
58 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11613769
APN: 06-14-404-010
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
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