NOT LISTED FOR SALE

Estimated Value: $717,000 - $773,000

12 Beds
7 Baths
-- Sq Ft
11,761 Sq Ft Lot

Last Sold January 21, 2016

Last sale price $375,000

Est. 101% increase in value since last sale

Current estimated payment $5,179/month

47 Days on Market

About This Home

As of January 2016

This home is located at 75 N Lyle Ave, Elgin, IL 60123 since 01 October 2015 and is currently estimated at $752,339. This property was built in 1972. 75 N Lyle Ave is a home located in Kane County with nearby schools including Hillcrest Elementary School, Kimball Middle School, and Larkin High School.

Last Agent to Sell the Property

Ron Ewing

RE/MAX Horizon License #471000328 Listed on: 10/01/2015

RE/MAX Horizon

Last Buyer's Agent

Jayesh Parekh

Kale Realty License #475149245

Kale Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,960

Year Built

  • Built in 1972

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 100x150

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Exterior Basement Entry

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 7 Bathrooms

Utilities

  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $573
  • Insurance Expense $4,273
  • Maintenance Expense $5,697
  • Trash Expense $1,201
  • Water Sewer Expense $3,642
  • Operating Expense $17,455
  • Gross Income $61,200
  • Net Operating Income $61,860

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,960

Year Built

Built in 1972

Lot Details

0.27 Acres

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Exterior Entrance
  • Stories: 2
  • Year Built: 1972
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required,List Broker Must Accompany
  • Estimated Age: 36-50 Years
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 7
  • Total Bedrooms: 12
  • Possible Use: Multi-Family
  • Fireplaces: 1
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 1
  • Room: 0

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Roof: Composition
  • Exterior Building Type: Brick
  • Misc Outside: Balcony/ies

Garage/Parking

  • Outdoor Parking: 6-12 Spaces
  • Indoor Parking: 6-12 Spaces

Utilities

  • Heat/Ventilation: Electric
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 1201
  • Water Sewer Expenses: 3642

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.27
  • Lot Dimensions: 100X150
  • Zoning: MULTI
  • Land Amenities: Curbs and Gutters,Sidewalks

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 5

Multi Family

  • Net Operating Income: 61860
  • Insurance Expense: 4273
  • ElectricExpense: 573
  • GrossIncome: 61200
  • Maintenance Expense: 5697
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 17455
  • Type Multi-Family: Corridor-Exterior Entrance

Tax Info

  • Tax Annual Amount: 14960
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 30, 2020
Sold by
Agrawal Piyush and Aggarwal Sapna
Bought by
Agrawal Piyush and Agrawal Sapna
Current Estimated Value
$752,339

Purchase Details

Listed on
Oct 1, 2015
Closed on
Jan 19, 2016
Sold by
Reataka Llc
Bought by
Agrawal Piyush and Aggarwal Sapna
Seller's Agent
Ron Ewing
RE/MAX Horizon
Buyer's Agent
Jayesh Parekh
Kale Realty
List Price
$425,000
Sold Price
$375,000
Premium/Discount to List
-$50,000
-11.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.11%
Original Mortgage
$260,750
Interest Rate
3.95%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 24, 2004
Sold by
Rmr Properties Llc
Bought by
Reataka Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$376,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Agrawal Piyush -- Pro Title Group Inc
Agrawal Piyush $375,000 Wheatland Title Guaranty
Reataka Llc $470,000 Ticor Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Agrawal Piyush $260,750
Previous Owner Reataka Llc $376,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/21/2016 01/21/16 Sold $375,000 -11.8% --
11/17/2015 11/17/15 Pending -- -- --
10/01/2015 10/01/15 For Sale $425,000 -- --
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 $15,680 $195,928 $35,607 $160,321
2023 $15,089 $177,006 $32,168 $144,838
2022 $13,995 $161,399 $29,332 $132,067
2021 $13,463 $150,896 $27,423 $123,473
2020 $13,138 $144,053 $26,179 $117,874
2019 $12,816 $137,219 $24,937 $112,282
2018 $12,780 $129,269 $23,492 $105,777
2017 $13,372 $130,005 $23,625 $106,380
2016 $14,033 $131,576 $21,918 $109,658
2015 -- $120,601 $20,090 $100,511
2014 -- $119,112 $19,842 $99,270
2013 -- $122,254 $20,365 $101,889
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09052802

Midwest Real Estate Data (MRED)

APN: 06-15-304-004

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