311 North Elm Street

Itasca, IL 60143

$670,000
Last Sold Price
5
Beds
5
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Seller is in the process of securing new tenants/raising rents at up-to-date market prices ($2,000 for the 2 bed/2bath and $1,600 for the 1 bed/1bath). Not very often do you see a property with historical significance and grandeur such as this magnificent school house from 1895. From its iconic bell tower to the full brick exterior this one of a kind treasure sits as a prominent landmark in the Village of Itasca. The building has been wonderfully converted into four units showcasing old word charm...Seller is in the process of securing new tenants/raising rents at up-to-date market prices ($2,000 for the 2 bed/2bath and $1,600 for the 1 bed/1bath). Not very often do you see a property with historical significance and grandeur such as this magnificent school house from 1895. From its iconic bell tower to the full brick exterior this one of a kind treasure sits as a prominent landmark in the Village of Itasca. The building has been wonderfully converted into four units showcasing old word charm and modern amenities. Each unit features beautifully distressed hardwood floors, breathtaking vaulted beam ceilings, sprawling living area's with large kitchens, brick fireplaces and an abundance of windows for great views and natural light. The basement has a coin operated laundry room and storage areas for each unit. The back side of the property has huge balconies overlooking Itasca Country Club ideal for spring, summer and fall enjoyment and a new roof was put on a couple years back. There is ample parking for tenants, families and friends with 8 parking spots and a detached two car garage. You also can not beat this ideal location being just a block from downtown Itasca with the Metra, restaurants, shopping, Country Club, parks and river walk. Also Itasca is currently going through a downtown redevelopment with renderings that can be found on the Village's website making this an ideal time to invest! This is a true trophy property that can be income producing for generations to come!
  1. Listed by James Diestel • RE/MAX Destiny

Sold By @properties Christie's International Real Estate

Property Details for 311 North Elm Street

Area
Itasca
Township
Addison
Ownership
Fee Simple
Num Of Garage Spaces
2.0
Num Of Cars
2.0
Heat/Fuel
Natural Gas, Forced Air

Location

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LISTING UPDATED: 11/03/2022 05:01 PM

Property Details for 311 North Elm Street

StatusClosed
MLS #11415515
Days on Market162
Taxes$9,835 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 4 Flat
Year Built1895
Lot Size0.33 AC / 14,355 SF
CountyDuPage County

Location

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Building Information for 311 North Elm Street

Stories-Residences4Year Built1895Building Size-Lot Size0.33 AC / 14,355 SF

Payment Calculator

$4,476 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,656

Property Taxes

$820

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 311 North Elm Street

General Information
School Information
  • Elementary School District: 10
  • Elementary School: Raymond Benson Primary School
  • Jr High Middle School: F E Peacock Middle School
  • High School District: 108
  • High School: Lake Park High School
  • Middle Or Junior School District: 10
Addtl Parking Information
  • Garage On Site: true
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Num Of Rooms: 14
  • Bedrooms (Below Grade): 0
  • Basement Type: Full
  • Bedrooms Possible: 5
  • Basement Description: Unfinished
  • # Full Baths in Building: 5
  • # Half Baths in Building: 0
  • Num of Baths: 5.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan
Property/Lot Information
  • Exterior Property Features: Balcony
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Size: .25-.49 Acre
  • Lot Dimensions: 99X145
  • Total # Units in Building: 4.0
  • Waterfront: No
  • Exterior Building Type: Brick, Stone
  • General Information: None
  • North Coordinate: 6
  • South Coordinate: 0
  • East Coordinate: 0
  • West Coordinate: 19
  • 3 Br Un In Bldg: No
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 25
Virtual Tour/Additional Media
  • Virtual Tour: Image360+realtor
  • Virtual Tour YN: Yes
Multi Family
Income & Expenses
  • Electric Expense: $337.00
  • Fuel Expense: $1,020.00
  • Insurance Expense: $3,430.00
  • Electric Expense Source: Actual
  • Fuel Expense Source: Actual
  • Other Addl Income: Garage/s
  • Water Expense Source: Actual
  • Professional Management Expense: $600.00
  • Water Sewer Expense: $2,352.00
  • Other Expenses $: 2400
Unit 1
  • Unit Type Actual Rent: $2,000.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 00/00
Unit 2
  • Unit Type Actual Rent: $1,150.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 10/22
Unit 3
  • Unit Type Actual Rent: $1,200.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
  • Lease Expiration Date: 10/22
Unit 4
  • Unit Type Actual Rent: $1,600.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 4
  • Lease Expiration Date: 00/00

Property History for 311 North Elm Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 311 North Elm Street

Taxable ValueLand$58,640Additions$91,280Total$149,920
Tax Record2022$10,702 ($892 / month)
Home Facts
Total Finished SqFt3,280 SqFtAbove Grade Finished SqFt3,280 SqFtLot Size14,375 SqFtStyleMulti-Family Dwelling (2-4)Year Built1955ZoningACountyDUPAGEAPN03-08-115-003

Schools near 311 North Elm Street

This home is within Itasca School District 10.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - 3 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Raymond Benson Primary School
PublicPK to 2

Elmer H Franzen Intermediate School
Public3 to 5

F E Peacock Middle School
Public6 to 8

Lake Park High School
Public9 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.

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 RE/MAX Destiny

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 11/03/2022 05:01 PM. 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.