NOT LISTED FOR SALE

Estimated Value: $237,000 - $282,000

4 Beds
2 Baths
-- Sq Ft
0.95 Acres

Last Sold August 31, 2022

Last sale price $210,000

Est. 25% increase in value since last sale

Current estimated payment $1,697/month

11 Days on Market

About This Home

As of August 2022

Start cash flowing on the day you close with this fully rented and updated 2 flat located just minutes outside of downtown Elgin. Both the main floor and upstairs units are 2 bed and 1 bath and the property features 6 exterior parking spaces in the rear. The main level unit kitchen and bath were both updated in 2021. The second floor unit was remodeled in 2019 with new kitchen including cabinets, counters and stainless steel refrigerator, stove and range hood. New vinyl floors throughout and updated bath. The updates on the building include updated fuse panel, new hot water heater and new 130 foot asphalt driveway with 6 car rear parking lot. This is a can't miss investment, don't miss your chance to start or add to your portfolio!

Last Agent to Sell the Property

Mario DiLorenzo

Keller Williams ONEChicago License #471002044 Listed on: 07/06/2022

Keller Williams ONEChicago

Last Buyer's Agent

Dhara Ajmera

Suburban Life Realty, Ltd License #475189025

Suburban Life Realty, Ltd

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,485

Year Built

  • Built in 1890

Lot Details

  • 0.95

Home Design

  • Vinyl Siding

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms

Parking

  • 6 Parking Spaces
  • Uncovered Parking
  • Parking Space is Owned

Schools

  • Huff Elementary School
  • Ellis Middle School
  • Elgin High School

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 34x145x38x126
  • Heating System Uses Natural Gas

Community Details

Overview

  • 2 Units

Building Details

  • Fuel Expense $1,170
  • Insurance Expense $900
  • Trash Expense $300
  • Water Sewer Expense $900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,485

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1890
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • List Price: 229000
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • ParkingTotal: 6
  • Number of Cars: 6
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Public

Fee Information

  • Trash Expense: 300
  • Water Sewer Expenses: 900

Schools

  • Elementary School: Huff Elementary School
  • High School: Elgin High School
  • Middle/Junior School: Ellis Middle School
  • Middle/Junior School District: 46

Lot Info

  • Lot Dimensions: 34X145X38X126
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Multi Family

  • Fuel Expense: 1170
  • Insurance Expense: 900
  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 3484.62
  • Tax Year: 2020
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2022
Closed on
Aug 25, 2022
Sold by
Calo Anthony and Calo Laura
Bought by
Ajmera Bhavin
Seller's Agent
Mario DiLorenzo
Keller Williams ONEChicago
Buyer's Agent
Dhara Ajmera
Suburban Life Realty, Ltd
List Price
$229,000
Sold Price
$210,000
Premium/Discount to List
-$19,000
-8.3%
Current Estimated Value
$262,122

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,122
Avg. Annual Appreciation
7.27%
Original Mortgage
$157,500
Outstanding Balance
$150,860
Interest Rate
5.75%
Mortgage Type
New Conventional
Estimated Equity
$111,262

Purchase Details

Listed on
Aug 11, 2018
Closed on
Dec 3, 2018
Sold by
Gongora Daniel A
Bought by
Calo Anthony
Seller's Agent
Dan Gongora
Berkshire Hathaway HomeServices Starck Real Estate
Buyer's Agent
Mario DiLorenzo
Keller Williams ONEChicago
List Price
$159,500
Sold Price
$155,000
Premium/Discount to List
-$4,500
-2.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.53%
Original Mortgage
$116,250
Interest Rate
5.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 12, 2017
Sold by
Romo Benito
Bought by
Gongora Daniel A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,554
Interest Rate
4.08%
Mortgage Type
FHA

Purchase Details

Closed on
May 19, 2006
Sold by
Safanda Roy
Bought by
Romo Benito

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
6.62%
Mortgage Type
Fannie Mae Freddie Mac
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
Ajmera Bhavin $210,000 Chicago Title
Calo Anthony $155,000 Affinity Title Services Llc
Gongora Daniel A $135,000 First American Title
Romo Benito $155,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ajmera Bhavin $157,500
Previous Owner Calo Anthony $116,250
Previous Owner Gongora Daniel A $132,554
Previous Owner Romo Benito $124,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/31/2022 08/31/22 Sold $210,000 -8.3% --
07/18/2022 07/18/22 Pending -- -- --
07/06/2022 07/06/22 For Sale $229,000 +47.7% --
12/15/2018 12/15/18 Sold $155,000 -2.8% -- View Prior Sale
10/21/2018 10/21/18 Pending -- -- --
08/11/2018 08/11/18 For Sale $159,500 -- --
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 $3,860 $56,235 $9,268 $46,967
2023 $3,649 $50,804 $8,373 $42,431
2022 $3,712 $42,808 $7,635 $35,173
2021 $3,571 $40,022 $7,138 $32,884
2020 $3,485 $38,207 $6,814 $31,393
2019 $3,399 $36,395 $6,491 $29,904
2018 $2,797 $34,286 $6,115 $28,171
2017 $3,334 $32,413 $5,781 $26,632
2016 $3,207 $30,070 $5,363 $24,707
2015 -- $27,562 $4,916 $22,646
2014 -- $27,221 $4,855 $22,366
2013 -- $27,939 $4,983 $22,956
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11455673

Midwest Real Estate Data (MRED)

APN: 06-24-232-003