NOT LISTED FOR SALE

70 S Chapel St Elgin, IL 60120

Gifford Park Neighborhood

Estimated Value: $442,000 - $673,883

10 Beds
6 Baths
-- Sq Ft
8,712 Sq Ft Lot Lot

Sale Details

Date Sold: February 28, 2019

Last sale price $417,500 $0 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $4,190 / mo

10 Days on Market

About This Home

As of February 2019

Own a piece of Elgin's history. Built in 1899, this gorgeous 6 unit multi-family building makes for a great income property. Property offers both one bedroom/one bathroom and two bedroom/one bathroom units. Building also features the extra convenience of a basement coin laundry, and three garage spaces plus 5 driveway parking spaces for the tenants. All 6 units currently rented!

Last Agent to Sell the Property

Laura Mores

Coldwell Banker Real Estate Group License #475159690 Listed on: 01/15/2019

Coldwell Banker Real Estate Group

Co-Listed By

James Mores

Coldwell Banker Real Estate Group License #475159685

Last Buyer's Agent

Angelica Hernandez

Monarch Realty License #471010290

Property Details

Home Type

  • Multi-Family

Year Built

  • 1899

Lot Details

  • 8,712

Home Design

  • Slab Foundation
  • Frame Construction

Utilities

  • Window Unit Cooling System

Community Details

  • Fuel Expense $3,490
  • Insurance Expense $5,329

Listing and Financial Details

  • Tenant pays for electric

Property Details

Home Type

Multi-Family

Year Built

1899

Lot Details

8,712 Sq Ft Lot

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Ownership Type: Individual
  • Potential Use: Residential-Multi-Family, Residential-Single Family
  • Utilities To Site: Sanitary Sewer to Site, Sewer-Storm Available, Water-Municipal
  • Zoning Type: MULTI
  • Estimated Age: Older
  • Net Operating Income Year: 2018
  • Net Oper Income: 31429
  • Outdoor Parking: 1-5 Spaces
  • Repairs Decor Expense: 2500
  • Roof Coverings: Shingle Composition
  • Roof Structure: Hip
  • Scavenger Expense: 2571
  • Total Annual Exp: 20171
  • Total Annual Income: 63000
  • Total Monthly Income: 5250
  • Leased Washer Dryer: Yes
  • Number of Ranges: 6
  • Number Of Refrigs: 6
  • Number Of Stories: 3
  • Estimated Year Built: 1899
  • Type Multi Family: Flats
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1899

Interior Features

  • Total Fireplaces: 1

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Frame
  • Frontage Access: City Street

Garage/Parking

  • Indoor Parking: 1-5 Spaces
  • Number Of Parking Spaces: 8

Utilities

  • Air Conditioner: Window Unit/s
  • Fire Protection: Fire Extinguisher/s, Smoke or Fire Protectors
  • Heatventilation: Gas, Radiators, Steam, Radiant
  • Water Expense: 2727

Condo/Co-op/Association

  • Units in Building: 6

Fee Information

  • Electricity Expense: 747
  • Electrical Service: Circuit Breakers
  • Janitor Expense: 250

Lot Info

  • Lot Dimensions: 66 X 132
  • Parcel Identification Number: 0613308013

Rental Info

  • Gross Rental Income: 63000
  • Tenant Pays: Electric

Multi Family

  • Expense Year: 2018
  • Fuel Expense: 3490
  • Insurance Expense: 5329
  • Other Expenses: 2700
  • Number Of Dryers: 1
  • Number Of Washers: 1

Tax Info

  • Taxes: 11400

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
$573,721

Purchase Details

Listed on
Jan 15, 2019
Closed on
Feb 28, 2019
Sold by
Gsa Properties Llc
Bought by
Gutierrez Esequiel and Lara Maribel
Seller's Agent
Laura Mores
Coldwell Banker Real Estate Group
Buyer's Agent
Angelica Hernandez
Monarch Realty
List Price
$450,000
Sold Price
$417,500
Premium/Discount to List
-$32,500
-7.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.52%
Original Mortgage
$313,125
Interest Rate
6.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 24, 2014
Sold by
Clay Corrigan and Clay Shelley
Bought by
Gsa Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,250
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 17, 2004
Sold by
Donald J Lobianco Declaration Of Trust and Lobianco Donald J
Bought by
Clay Corrigan and Clay Shelley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$298,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 21, 1998
Sold by
Lobianco Donald J and Lobianco Opal
Bought by
The Donald J Lobianco Declaration Of Tr and Lobianco Donald J
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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 $417,500 None Available
Gsa Properties Llc $215,000 First American Title Ins Co
Clay Corrigan $460,000 --
The Donald J Lobianco Declaration Of Tr -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gutierrez Esequiel $313,125
Previous Owner Gsa Properties Llc $161,250
Previous Owner Clay Corrigan $298,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2019 02/28/19 Sold $417,500 -7.2% --
01/25/2019 01/25/19 Pending -- -- --
01/15/2019 01/15/19 For Sale $450,000 -- --
Source: Midwest Real Estate Data (MRED)

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 $13,520 $168,938 $19,839 $149,099
2023 $13,010 $152,623 $17,923 $134,700
2022 $12,067 $139,166 $16,343 $122,823
2021 $11,608 $130,111 $15,280 $114,831
2020 $11,328 $124,211 $14,587 $109,624
2019 $11,051 $118,319 $13,895 $104,424
2018 $11,020 $111,464 $13,090 $98,374
2017 $11,409 $110,920 $13,026 $97,894
2016 $10,975 $102,904 $12,085 $90,819
2015 -- $94,321 $11,077 $83,244
2014 -- $93,156 $10,940 $82,216
2013 -- $95,614 $11,229 $84,385
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2019

    Laura Mores

    Coldwell Banker Real Estate Group

    Section Image
  • James Mores

    Seller Co-Listing Agent in 2019

    James Mores

    Coldwell Banker Real Estate Group

    (847) 305-9983

    30 Total Sales

    James Mores
    Section Image
  • Angelica Hernandez

    Buyer's Agent in 2019

    Angelica Hernandez

    Monarch Realty

    (847) 489-2363

    11 Total Sales

    Angelica Hernandez
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10249307

Midwest Real Estate Data (MRED)

APN: 06-13-308-013

Illinois Kane County Elgin 60120 Gifford Park

70 S Chapel St, Elgin, IL

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.

Midwest Real Estate Data (MRED) 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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