NOT LISTED FOR SALE

862 Larkin Ave Elgin, IL 60123

Estimated Value: $320,783 - $350,000

6 Beds
2 Baths
-- Sq Ft
4,356 Sq Ft Lot

Last Sold February 03, 2023

Last sale price $265,000

Est. 25% increase in value since last sale

Current estimated payment $2,274/month

2 Days on Market

Highlights

  • American Four Square Architecture
  • Ceiling Fan
  • Paved or Partially Paved Lot

About This Home

As of February 2023

Side by side 2 story duplex! 860 and 862 - Both sides have three bedrooms, kitchen, large living room, dining room and full bath. Unfinished basement with laundry and walk-up attic. Both units have private entrances. Great investment opportunity! *Please note there are no driveways or garages, but there is street parking on Highland Ave.* Great location close to Metra, I90, Rt 20, Randall Rd shopping and more. Great for investors or live in one side and rent out the other! Rent can be potentially much higher-

Last Agent to Sell the Property

Tamara O'Connor

Premier Living Properties License #475110537 Listed on: 01/11/2023

Last Buyer's Agent

Deborah Kruse

HomeSmart Connect LLC License #475171208

HomeSmart Connect LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,519

Year Built

  • Built in 1930

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 58x65x80x63
  • Paved or Partially Paved Lot

Home Design

  • Duplex
  • American Four Square Architecture
  • Asphalt Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 2 Bathrooms

Schools

  • Highland Elementary School
  • Kimball Middle School
  • Larkin High School

Utilities

  • Gravity Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,519

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: American 4-Sq.
  • New Construction: No
  • Year Built: 1930
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • 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: 6
  • Other Equipment: Ceiling Fan(s)
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Foundation Details: Concrete Perimeter
  • List Price: 265000
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Stucco

Garage/Parking

  • Number of Cars: 0
  • Parking: None

Utilities

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

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved

Schools

  • Elementary School: Highland Elementary School
  • High School: Larkin High School
  • Middle/Junior School: Kimball Middle School
  • Middle/Junior School District: 46

Lot Info

  • Lot Size Acres: 0.1
  • Lot Dimensions: 58X65X80X63
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 5
  • Is Parking Included in Price: No

Tax Info

  • Tax Annual Amount: 5519.42
  • Tax Year: 2021

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

Listed on
Jan 11, 2023
Closed on
Dec 12, 2022
Sold by
Forsythe John and Forsythe Coleen E
Bought by
Rodriguez Alexis J and Rodriguez Lana Alma
Seller's Agent
Tamara O'Connor
Premier Living Properties
Buyer's Agent
Deborah Kruse
HomeSmart Connect LLC
List Price
$265,000
Sold Price
$265,000
Total Days on Market
2
Views
109
Current Estimated Value
$331,196

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,196
Avg. Annual Appreciation
10.09%
Original Mortgage
$198,750
Interest Rate
7.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 1, 2004
Sold by
Crosby John J and Crosby Karen M
Bought by
Forsythe John and Forsythe Coleen E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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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
Rodriguez Alexis J $265,000 --
Forsythe John $250,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rodriguez Alexis J $198,750
Previous Owner Forsythe John $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/03/2023 02/03/23 Sold $265,000 0.0% --
01/14/2023 01/14/23 Pending -- -- --
01/11/2023 01/11/23 For Sale $265,000 -- --
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
2023 $6,186 $72,569 $16,286 $56,283
2022 $5,738 $66,170 $14,850 $51,320
2021 $5,519 $61,865 $13,884 $47,981
2020 $5,386 $59,059 $13,254 $45,805
2019 $5,254 $56,257 $12,625 $43,632
2018 $4,742 $52,998 $11,894 $41,104
2017 $5,153 $50,102 $11,244 $38,858
2016 $4,957 $46,481 $10,431 $36,050
2015 -- $42,604 $9,561 $33,043
2014 -- $42,078 $9,443 $32,635
2013 -- $43,188 $9,692 $33,496
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11699215

Midwest Real Estate Data (MRED)

APN: 06-14-159-008