NOT LISTED FOR SALE

Estimated Value: $307,336 - $331,000

5 Beds
2 Baths
-- Sq Ft
8,712 Sq Ft Lot

Last Sold July 20, 2018

Last sale price $197,500

Est. 61% increase in value since last sale

Current estimated payment $2,291/month

31 Days on Market

Highlights

  • Cape Cod Architecture
  • 2.5 Car Detached Garage
  • Forced Air Heating System
  • Landscaped Professionally
  • Garage ceiling height seven feet or more
  • Paved or Partially Paved Lot

About This Home

As of July 2018

LEGAL LARGE 2-FLAT PROVIDING POTENTIAL HIGH CASH FLOW OR THE ABILITY TO LIVE FOR ALMOST FREE IN ONE APARTMENT WHILE LEASING OUT THE OTHER. YOU WILL FIND THIS THE NICEST 2 UNIT PROPERTY ON THE MARKET IN ELGIN.

Last Agent to Sell the Property

Patrick Jage

Sterling Realty & Prop Mgt LLC License #471001727 Listed on: 05/19/2018

Last Buyer's Agent

Michelle Denton

Charles Rutenberg Realty of IL License #475139217

Charles Rutenberg Realty of IL

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,420

Year Built

  • Built in 1900

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 55x158
  • Landscaped Professionally
  • Paved or Partially Paved Lot
  • Legal Non-Conforming

Parking

  • 2.5 Car Detached Garage
  • Garage ceiling height seven feet or more
  • Garage Door Opener
  • Driveway
  • Parking Space is Owned

Home Design

  • Cape Cod Architecture
  • Asphalt Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 2 Bathrooms

Partially Finished Basement

  • Basement Fills Entire Space Under The House

Schools

  • Mckinley Elementary School
  • Larsen Middle School
  • Elgin High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units
  • Gross Income $24,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,420

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Cape Cod
  • New Construction: No
  • Year Built: 1900
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 5
  • Basement Description: Partially Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Lot Features: Landscaped, Legal Non-Conforming
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 2.5
  • Parking Features: Driveway
  • ParkingTotal: 5.5
  • Garage Details: Garage Door Opener(s),7 Foot or more high garage door
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

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

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved

Schools

  • Elementary School: MCKINLEY ELEMENTARY SCHOOL
  • High School: ELGIN HIGH SCHOOL
  • Middle/Junior School: LARSEN MIDDLE SCHOOL

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.2
  • Lot Dimensions: 55X158
  • Zoning: LNC
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 5

Multi Family

  • GrossIncome: 24900
  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 4419.94
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2018
Closed on
Jul 20, 2018
Sold by
Cottone Peter and Cottone Siodhan
Bought by
Lorena Jaramillo Salomon and Jaramillo Guillermina Lorena V
Seller's Agent
Patrick Jage
Sterling Realty & Prop Mgt LLC
Buyer's Agent
Michelle Denton
Charles Rutenberg Realty of IL
List Price
$194,900
Sold Price
$197,500
Premium/Discount to List
$2,600
1.33%
Current Estimated Value
$318,084

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$120,584
Avg. Annual Appreciation
6.59%
Original Mortgage
$148,125
Outstanding Balance
$128,656
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$189,428

Purchase Details

Closed on
Jun 19, 2003
Sold by
Cottone Peter J
Bought by
Cottone Peter J and Cottone Siobhan C
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
Lorena Jaramillo Salomon $197,500 Attorneys Title Guaranty Fun
Cottone Peter J -- Chicago Title Insurance Comp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lorena Jaramillo Salomon $148,125
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/20/2018 07/20/18 Sold $197,500 +1.3% --
06/19/2018 06/19/18 Pending -- -- --
06/11/2018 06/11/18 For Sale $194,900 0.0% --
05/24/2018 05/24/18 Pending -- -- --
05/19/2018 05/19/18 For Sale $194,900 -- --
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 $7,561 $94,477 $18,065 $76,412
2023 $7,276 $85,352 $16,320 $69,032
2022 $6,252 $72,104 $14,881 $57,223
2021 $6,014 $67,412 $13,913 $53,499
2020 $5,869 $64,355 $13,282 $51,073
2019 $5,725 $61,302 $12,652 $48,650
2018 $4,494 $45,457 $11,919 $33,538
2017 $4,420 $42,973 $11,268 $31,705
2016 $4,252 $39,868 $10,454 $29,414
2015 -- $36,543 $9,582 $26,961
2014 -- $36,092 $9,464 $26,628
2013 -- $37,044 $9,714 $27,330
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09956839

Midwest Real Estate Data (MRED)

APN: 06-12-181-005