NOT LISTED FOR SALE

Elgin, IL 60120

Gifford Park Neighborhood

Estimated Value: $446,000 - $481,583

5 Beds
5 Baths
-- Sq Ft
6,926 Sq Ft Lot

Last Sold February 10, 2017

Last sale price $275,000

Est. 70% increase in value since last sale

Current estimated payment $3,253/month

9 Days on Market

About This Home

As of February 2017

All brick well maintained building with 4 large 1 bedroom units with dining, living, kitchen and den. Den could be another bdr with closet installation. 1 Efficiency has 1 bdr and a combo living room/kitchenette. Long term tenants. 2 car garage. Landlord pays heat. Tenant pays electric and cooking gas. Call Don for further details. Must have 24 hour notice. Management of $3620 could be slashed if owner manages.

Last Agent to Sell the Property

Donald Lottes

Berkshire Hathaway HomeServices Starck Real Estate Listed on: 12/16/2016

Last Buyer's Agent

Christopher Davis

Inspire Realty Group LLC License #471020520

Property Details

Home Type

  • Multi-Family

Year Built

  • 1920

Lot Details

  • 6,926

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Additional Features

  • Partially Finished Basement

Community Details

  • Fuel Expense $2,595
  • Insurance Expense $4,713

Listing and Financial Details

  • Tenant pays for air conditioning, electric
  • $16,000 Seller Concession

Property Details

Home Type

Multi-Family

Year Built

1920

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Ownership Type: Individual
  • Potential Use: Residential-Multi-Family
  • Utilities To Site: Water-Municipal
  • Zoning Type: MULTI
  • Estimated Age: Older
  • Net Operating Income Year: 2016
  • Net Oper Income: 20250
  • Outdoor Parking: 1-5 Spaces, Open
  • Repairs Decor Expense: 3267
  • Roof Structure: Flat
  • Total Annual Exp: 21575
  • Total Annual Income: 41888
  • Total Monthly Income: 3490
  • Number of Ranges: 5
  • Number Of Refrigs: 5
  • Number Of Stories: 2
  • Estimated Year Built: 1920
  • Type Multi Family: Corridor-Interior Entrance
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1920

Interior Features

  • Basement: Partially Finished

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Brick
  • Construction: Brick
  • Frontage Access: City Street

Garage/Parking

  • Indoor Parking: 1-5 Spaces, Detached
  • Number Of Parking Spaces: 2

Utilities

  • Fire Protection: Smoke or Fire Protectors
  • Heatventilation: Central Bldg Heat, Gas, Hot Water
  • Water Expense: 2636

Condo/Co-op/Association

  • Units in Building: 5

Fee Information

  • Electricity Expense: 560
  • Electrical Service: Circuit Breakers, Separate Meters, 0-100 Amps
  • Janitor Expense: 382

Lot Info

  • Lot Dimensions: 109X66
  • Lot Sq Ft: 7194
  • Land Amenities: Curbs and Gutters, Sidewalks
  • Parcel Identification Number: 0613260016

Rental Info

  • Gross Rental Income: 41825
  • Tenant Pays: Air Conditioning, Electric

Multi Family

  • Expense Year: 2016
  • Fuel Expense: 2595
  • Insurance Expense: 4713

Tax Info

  • Taxes: 7422

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 21, 1998
Sold by
Lobianco Opal
Bought by
Rra Properties Llc
Current Estimated Value
$467,146

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
4.2%
Mortgage Type
Commercial
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
Rra Properties Llc $275,000 None Available
The Opal Lobianco Declaration Of Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rra Properties Llc $220,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/10/2017 02/10/17 Sold $275,000 -6.8% --
12/25/2016 12/25/16 Pending -- -- --
12/16/2016 12/16/16 For Sale $295,000 -- --
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 $9,657 $120,668 $20,449 $100,219
2023 $9,293 $109,014 $18,474 $90,540
2022 $8,619 $99,402 $16,845 $82,557
2021 $8,291 $92,934 $15,749 $77,185
2020 $8,092 $88,720 $15,035 $73,685
2019 $7,893 $84,512 $14,322 $70,190
2018 $7,871 $79,615 $13,492 $66,123
2017 $774,128 $75,265 $12,755 $62,510
2016 $7,447 $69,825 $11,833 $57,992
2015 -- $64,001 $10,846 $53,155
2014 -- $63,211 $10,712 $52,499
2013 -- $64,879 $10,995 $53,884
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2017

    Donald Lottes

    Berkshire Hathaway HomeServices Starck Real Estate

    Section Image
  • Christopher Davis

    Buyer's Agent in 2017

    Christopher Davis

    Inspire Realty Group LLC

    (847) 489-3476

    17 in this area

    319 Total Sales

    Christopher Davis
    Section Image
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Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09405764

Midwest Real Estate Data (MRED)

APN: 06-13-260-016

Illinois Kane County Elgin 60120

Gifford Park

Not Listed for Sale

MultiFamily

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