$520,000
SOLD AUG 12, 2025

740 Cheyenne Ln Unit 42 Elgin, IL 60123

Far West Elgin Neighborhood
6 Beds
2 Baths
-- Sq Ft
10,019 Sq Ft Lot

Recently Sold

4% Above List Price

3 Days on Market

About This Home

As of August 2025

Welcome to this rare opportunity! Full side by side duplex tucked away in the back of the Valley Creek subdivision! Each side is a mirror image of one another featuring 3 bedrooms, 2 full baths, full unfinished basement and each has a 2 car garage! 740 Cheyenne has all been redone with newer flooring! 742 does need some updating! Each unit has a very functional eat-in kitchen, cozy living room and separate dining area with sliding door to the private deck! Spacious master bedroom with vaulted ceiling, skylight and walk-in closet! Gracious size secondary bedrooms! Upper bath with skylight and oversized vanity! Covered front porch perfect for summer nights! Deep lot with mature trees! Maintenance free exterior! Each unit renting for $1950 with leases expiring end of August! Live in one side or rent the entire building! This is the crown jewel for duplexes! Allow 24 hour notice for showings!

Last Agent to Sell the Property

Bob Wisdom

RE/MAX Horizon License #475122882 Listed on: 06/25/2025

RE/MAX Horizon

Last Buyer's Agent

Christina Naidenovich

Berkshire Hathaway HomeServices Starck Real Estate License #475174940

Berkshire Hathaway HomeServices Starck Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,024

Year Built

  • Built in 1989

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 88x120x83x120

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 2 Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Basement Fills Entire Space Under The House
  • Deck

Community Details

  • 2 Units
  • Valley Creek Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,024

Year Built

Built in 1989

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Subdivision Name: Valley Creek
  • Year Built: 1989
  • Age: 31-40 Years
  • Built Before 1978 (Y/N): No
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished, Full
  • Total Bathrooms: 2
  • Total Bedrooms: 6
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Construction Materials: Vinyl Siding
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck
  • Roof: Asphalt
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Carport, On Site, Garage Owned, Attached, Garage
  • ParkingTotal: 2

Utilities

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

Lot Info

  • Lot Size Acres: 0.23
  • Lot Dimensions: 88X120X83X120
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 5

Tax Info

  • Tax Annual Amount: 10024.3
  • Tax Year: 2024
  • Tax Exemptions: None

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: Duplex Side by Side

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 2, 2025
Sold by
Hagestedt Mandy
Bought by
Mandy L Hagestedt Trust and Hagestedt
Current Estimated Value
$499,714

Purchase Details

Listed on
Jun 25, 2025
Closed on
Aug 6, 2025
Sold by
Marilyn J Thompson Self Declaration Of T and Deutsch Kay
Bought by
Hagestedt Mandy
Seller's Agent
Bob Wisdom
RE/MAX Horizon
Buyer's Agent
Christina Naidenovich
Berkshire Hathaway HomeServices Starck Real Estate
List Price
$499,900
Sold Price
$520,000
Premium/Discount to List
$20,100
4.02%
Views
36

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-9.47%

Purchase Details

Closed on
Sep 18, 1997
Sold by
Thompson Marilyn
Bought by
Thompson Marilyn J and Marilyn J Thompson Self Declaration Tr
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed -- None Listed On Document
Deed $520,000 None Listed On Document
Interfamily Deed Transfer -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/12/2025 08/12/25 Sold $520,000 +4.0% --
06/28/2025 06/28/25 Pending -- -- --
06/25/2025 06/25/25 For Sale $499,900 -- --
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 $9,950 $124,327 $36,535 $87,792
2023 $9,575 $112,320 $33,007 $79,313
2022 $8,881 $102,417 $30,097 $72,320
2021 $8,543 $95,753 $28,139 $67,614
2020 $8,337 $91,411 $26,863 $64,548
2019 $8,133 $87,075 $25,589 $61,486
2018 $8,110 $82,030 $24,106 $57,924
2017 $7,976 $77,548 $22,789 $54,759
2016 $7,673 $71,944 $21,142 $50,802
2015 -- $65,944 $19,379 $46,565
2014 -- $65,130 $19,140 $45,990
2013 -- $66,848 $19,645 $47,203
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12383954

Midwest Real Estate Data (MRED)

APN: 06-09-151-017