224 Jefferson Avenue

Elgin, IL 60120

$1,175,000
Last Sold Price
15
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

  1. Listed by Robert Drafke • Concentric Realty, Inc

Sold By eXp Realty, LLC

Property Details for 224 Jefferson Avenue

Area
Elgin
Township
Elgin
Num Of Parking Spaces
13.0
Zoning
MULTI

Location

Add your commute
LISTING UPDATED: 01/04/2022 10:08 AM

Property Details for 224 Jefferson Avenue

StatusClosed
MLS #11163933
Days on Market163
Taxes$18,064 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Interior Entrance
Year Built1920
Lot Size0.25 AC / 10,956 SF
CountyKane County

Location

Add your commute

Building Information for 224 Jefferson Avenue

Stories-Residences15Year Built1920Building Size-Lot Size0.25 AC / 10,956 SF

Payment Calculator

$7,918 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,412

Property Taxes

$1,505

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 224 Jefferson Avenue

General Information
Addtl Parking Information
  • Indoor Parking: 1-5 Spaces
  • Outdoor Parking: 6-12 Spaces
Location and General Information
  • Information: 24-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: None
  • # Of Washers: 2
  • Heat/Ventilation: Gas,Steam
  • # Of Refrigerators: 15
  • # Of Dryers: 2
  • Num of Baths: 0.0
Property/Lot Information
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Corridor-Interior Entrance
  • Lot Dimensions: 96X134X83X137
  • Lot Size Square Feet: 10956.0
  • Stories: 2
  • Building Area Total: 10500
  • # Of Ranges: 15
  • Conversion: N
Property and Assessments
  • Possible Use: Multi-Family
  • Public Document Count: 0
  • Photos Count: 8
  • Deconversion: N
Miscellaneous
  • Current Use: Multi-Family
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 15
Income & Expenses
  • Electric Expense: $997.00
  • Fuel Expense: $2,339.00
  • Gross Income: $146,664.00
  • Gross Scheduled Income: $146,664.00
  • Insurance Expense: $3,429.00
  • Maintenance Expense: $.00
  • Electric Expense Source: Actual
  • Expense Year: 2020
  • Total Annual Expense Source: Owner Projection
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Janitor Expense: 0
  • Net Operating Income Year: 2020
  • Other Expense Source: Actual
  • Trash Expense Source: Actual
  • Total Monthly Income: 12222
  • Water Expense Source: Actual
  • Net Operating Income: $118,112.00
  • Operating Expense: $33,988.00
  • Other Expense: $1,344.00
  • Trash Expense: $1,740.00
  • Water Sewer Expense: $6,075.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 3
  • # Of Rooms - Unit 1: 3
  • # Of Full Bthrms - Type 1: 1
  • Monthly Income - 1: 950
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 3
  • # Of Rooms - Unit 2: 3
  • # Of Full Bthrms - Type 2: 1
  • Monthly Income - 2: 900
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 1
  • # Of Rooms - Unit 3: 3
  • # Of Full Bthrms - Type 3: 1
  • Monthly Income - 3: 850
  • Monthly Income Max - 3: 850
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 2
  • # Of Rooms - Unit 4: 3
  • # Of Full Bthrms - Type 4: 1
  • Monthly Income - 4: 800
  • Monthly Income Max - 4: 800
Unit 5
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 1
  • # Of Rooms - Unit 5: 3
  • # Of Full Bthrms - Type 5: 1
  • Monthly Income - 5: 775
  • Monthly Income Max - 5: 775
Unit 6
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 4
  • # Of Full Bthrms - Type 6: 1
  • Monthly Income - 6: 750
  • Monthly Income Max - 6: 750
Unit 7
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 1
  • # Of Rooms - Unit 7: 3
  • # Of Full Bthrms - Type 7: 1
  • Monthly Income - 7: 725
  • Monthly Income Max - 7: 725

Property History for 224 Jefferson Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 224 Jefferson Avenue

Taxable ValueLand$45,755Additions$181,738Total$227,493
Tax Record2022$19,726 ($1,644 / month)
Home Facts
Total Finished SqFt10,500 SqFtAbove Grade Finished SqFt10,500 SqFtStories3Lot Size10,956 SqFtStyleMulti-Family Res (5+ Units)Year Built1920CountyKANEAPN06-12-304-029

Schools near 224 Jefferson Avenue

This home is within School District U-46.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 9 to 12
Public - 8 to 12
Rating
School
Distance
Mckinley Elementary School
PublicPK to 6

Larsen Middle School
Public7 to 8

Elgin High School
Public9 to 12

Central School Program
Public8 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Concentric Realty, Inc

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 01/04/2022 10:08 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.