NOT LISTED FOR SALE

Estimated Value: $384,000 - $613,000

5 Beds
5 Baths
-- Sq Ft
6,534 Sq Ft Lot

Last Sold October 16, 2020

Last sale price $290,000

Est. 56% increase in value since last sale

Current estimated payment $3,091/month

3 Days on Market

About This Home

As of October 2020

Come make your money work for you. This 5 unit money making property in the booming city of Elgin has potential of higher rents. It is close to Elgin's shopping and dining, while also being next to the Metra and highway. Live in one and rent the others!

Last Agent to Sell the Property

Tina Grzeca

CENTURY 21 New Heritage License #475174925 Listed on: 09/04/2020

CENTURY 21 New Heritage

Last Buyer's Agent

Arif Molla

Milestone Real Estate, LLC License #471020830

Property Details

Home Type

  • Multi-Family

Year Built

  • 1900

Lot Details

  • 6,534

Finished Basement

  • Exterior Basement Entry

Community Details

  • Insurance Expense $2,617

Listing and Financial Details

  • Tenant pays for electric, heat

Property Details

Home Type

Multi-Family

Year Built

1900

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Ownership Type: Sole Proprietor
  • Utilities To Site: Water-Community
  • Zoning Type: MULTI
  • Estimated Age: Older
  • Net Oper Income: 6154
  • Outdoor Parking: 1-5 Spaces
  • Roof Coverings: Shingle Composition
  • Scavenger Expense: 539
  • Total Annual Exp: 6154
  • Total Annual Income: 36000
  • Total Monthly Income: 3000
  • Number of Ranges: 5
  • Number Of Refrigs: 5
  • Number Of Window A C: 2
  • Number Of Stories: 2
  • Estimated Year Built: 1900
  • Type Multi Family: Corridor-Exterior Entrance, Corridor-Interior Entrance
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1900

Interior Features

  • Basement: Finished, Exterior Access
  • Total Fireplaces: 1

Exterior Features

  • Acreage: 0.15

Garage/Parking

  • Indoor Parking: 1-5 Spaces
  • Number Of Parking Spaces: 8

Utilities

  • Fire Protection: Fire Extinguisher/s, Smoke or Fire Protectors, Carbon Monoxide Detector(s)
  • Heatventilation: Baseboard
  • Water Expense: 539

Condo/Co-op/Association

  • Units in Building: 5

Fee Information

  • Electricity Expense: 2459
  • Electrical Service: Circuit Breakers

Lot Info

  • Lot Dimensions: 60X111
  • Lot Sq Ft: 6757
  • Land Amenities: Curbs and Gutters, Sidewalks
  • Parcel Identification Number: 0613153018

Rental Info

  • Gross Rental Income: 3000
  • Tenant Pays: Electric, Heat

Multi Family

  • Expense Year: 2019
  • Insurance Expense: 2617
  • Number Of Dryers: 1
  • Number Of Washers: 1

Tax Info

  • Taxes: 3303.82

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 4, 2020
Closed on
Oct 16, 2020
Sold by
Ornadhl Robin J and Ornadhl Robin
Bought by
Milestone Real Estate Llc
Seller's Agent
Tina Grzeca
CENTURY 21 New Heritage
Buyer's Agent
Arif Molla
Milestone Real Estate, LLC
List Price
$300,000
Sold Price
$290,000
Premium/Discount to List
-$10,000
-3.33%
Current Estimated Value
$451,699

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$161,699
Avg. Annual Appreciation
8.90%
Original Mortgage
$490,000
Interest Rate
2.65%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 25, 1997
Sold by
Wahl Thomas J and Wahl Barbara A
Bought by
Orndahl Mark A and Orndahl Robin J

Purchase Details

Closed on
Jul 1, 1983
Sold by
Park Dun Realty Inc
Bought by
Madison Yerry L and Madison Virginia
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Milestone Real Estate Llc $490,000 Attorney
Orndahl Mark A $108,333 --
Madison Yerry L -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Milestone Real Estate Llc $490,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/16/2020 10/16/20 Sold $290,000 -3.3% --
09/07/2020 09/07/20 Pending -- -- --
09/04/2020 09/04/20 For Sale $300,000 -- --
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
2024 $8,766 $109,530 $15,901 $93,629
2023 $8,435 $98,952 $14,365 $84,587
2022 $7,216 $83,215 $13,098 $70,117
2021 $6,941 $77,800 $12,246 $65,554
2020 $6,774 $74,272 $11,691 $62,581
2019 $6,608 $70,748 $11,136 $59,612
2018 $6,589 $66,649 $10,491 $56,158
2017 $6,481 $63,007 $9,918 $53,089
2016 $6,234 $58,453 $9,201 $49,252
2015 -- $53,578 $8,434 $45,144
2014 -- $52,917 $8,330 $44,587
2013 -- $54,313 $8,550 $45,763
Source: Public Records

Agents Affiliated with this Home

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Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10847042

Midwest Real Estate Data (MRED)

APN: 06-13-153-018