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423 E Chicago ST #F Elgin, IL 60120

Price Dropped by $24K

UPDATED:

$ 100,000

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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

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Andis Combi

info@rogleaders.com +1(773) 808-6240

IL > Elgin

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Andis Combi

info@rogleaders.com +1(773) 808-6240

$ 100,000

Est. payment | -/mo

3 Beds

1 Bath

801 SqFt

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$ 100,000

Est. payment | -/mo

Save

3 Beds

1 Bath

801 SqFt

Key Details

Property Type Condo

Sub Type Condo

Listing Status Active

Purchase Type For Sale

Square Footage 801 sqft

Price per Sqft $124

MLS Listing ID 12188443

Bedrooms 3

Full Baths 1

HOA Fees $225/mo

Rental Info Yes

Year Built 1900

Annual Tax Amount $1,269

Tax Year 2023

Lot Dimensions COMMON

Property Description

Spacious 3 bedroom, 1 bathroom condo near downtown Elgin! Rent friendly no limits! Cash or commercial loans only, please. Building's HOA is self-managed. Very investor friendly! Unit needs minor TLC.

Location

State IL

County Kane

Area Elgin

Rooms

Basement Full

Interior

Interior Features Hardwood Floors, Built-in Features

Heating Natural Gas, Forced Air

Cooling Window/Wall Unit - 1, Other

Equipment CO Detectors, Ceiling Fan(s)

Fireplace N

Appliance Range, Microwave, Dishwasher, Refrigerator

Exterior

Exterior Feature Balcony

Waterfront false

Parking Type Assigned, Parking Lot

Building

Dwelling Type Attached Single

Story 4

Sewer Public Sewer

Water Public

New Construction false

Schools

Elementary Schools Channing Memorial Elementary Sch

Middle Schools Ellis Middle School

High Schools Elgin High School

School District 46 , 46, 46

Others

HOA Fee Include Water,Parking,Insurance,Lawn Care,Snow Removal

Ownership Condo

Special Listing Condition None

Pets Description Cats OK, Dogs OK

Listed by Rich Wolnik • Jason Mitchell Real Estate IL

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423 E Chicago ST #F

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Real Estate News, Tips & How-To Articles

How Real Estate Agents Take the Fear Out of Moving

Feeling a bit unsure, or even afraid, to move with everything going on right now? The decision to move shouldn’t be scary, it should be exciting. And the best way to eliminate any fear is to work with a pro. Real estate agents are so much more than just transaction facilitators; they’re trusted guides to help you navigate the complexities of the housing market with confidence and ease. And a great agent can turn what may feel like a daunting process into a manageable—and even enjoyable—experience.That’s why, in a Bright MLS survey, respondents agreed partnering with an agent is essential and helps cut down on their stress:Here are just a few examples of why that expertise can give you so much peace of mind.1. Explaining the Current Market You may be seeing misleading headlines about a potential market crash, falling prices, and more. And when you’re not an expert yourself, it’s easy to get swept up in the clickbait and let that scare you. As Jason Lewris, Co-Founder and Chief Data Officer at Parcl, says:“In the absence of trustworthy, up-to-date information, real estate decisions are increasingly being driven by fear, uncertainty, and doubt.”A real estate agent is there to help you separate fact from fiction and to debunk any headline that does more to terrify than clarify. With their deep understanding of local market trends, home values, inventory levels, and more, they’ll help you feel more confident in your decision.2. Walking You Through the Process Step-by-StepIs this your first time going through the process as a buyer or a seller? Don’t worry. Your agent will walk you through every step along the way, from the initial conversation all the way to closing day. As NerdWallet explains:“If it's your first time buying — or selling — you're likely to come across terms you don't recognize and tasks that seem baffling. What's the difference between pending and contingent? Why do you need title insurance? How thoroughly do you need to fill out disclosure forms? Your agent should be able to confidently and competently explain it all.”And if you’ve done this before, but it’s been a while, an agent will tailor how they explain it all to your previous experience. They won’t bog you down with details, they’ll only give you as much of a refresher as you want and need. 3. Advocating for Your Best InterestsDoes the thought of dealing with the back and forth of the transaction make your palms sweaty? Put that anxiety aside. Your agent is a skilled negotiator trained for these exact scenarios. And the best part is, they work for you. So, it’s your goals they’re using that expertise to fight for.They’ll work to secure the best possible terms for you, whether it’s getting a better price as a homebuyer or negotiating a higher sale price as a seller. This removes the fear of a bad deal or being taken advantage of during the process.4. Solving Any Unexpected Problems QuicklyWorried something is going come up that you don’t know how to handle? Rest assured, your agent has you covered.Agents are skilled problem-solvers. They not only address issues, but they get ahead of them before they become deal-breakers – and that helps keep the process on track. So, if any challenges do pop up, know your agent has the skills and experience necessary to find a solution that works for you.Bottom LineDon’t let fear or uncertainty hold you back from achieving your goals. With an expert agent by your side, you can move forward with confidence.
Avoid These Top Homebuyer Mistakes in Today’s Market

No one likes making mistakes, especially when they happen in what’s likely the biggest transaction of your life – buying a home.That’s why partnering with a trusted agent is so important. Here’s a sneak peek at the most common missteps buyers are making in today’s market and how a great agent will help you steer clear of each one.Trying To Time the MarketMany buyers are trying to time the market by waiting for home prices or mortgage rates to drop. This can be a really risky strategy because there’s so much at play that can have an impact on those things. As Elijah de la Campa, Senior Economist at Redfin, says:“My advice for buyers is don’t try to time the market. There are a lot of swing factors, like the upcoming jobs report and the presidential election, that could cause the housing market to take unexpected twists and turns. If you find a house you love and can afford to buy it, now’s not a bad time.”Buying More House Than You Can Afford If you’re tempted to stretch your budget a bit further than you should, you’re not alone. A number of buyers are making this mistake right now.But the truth is, it’s actually really important to avoid overextending your budget, especially when other housing expenses like home insurance and taxes are on the rise. You want to talk to the pros to make sure you understand what’ll really work for you. Bankrate offers this advice:“Focus on what monthly payment you can afford rather than fixating on the maximum loan amount you qualify for. Just because you can qualify for a $300,000 loan doesn’t mean you can comfortably handle the monthly payments that come with it along with your other financial obligations.” Missing Out on Assistance Programs That Can Help Saving up for the upfront costs of homeownership takes some careful planning. You’ve got to think about your closing costs, down payment, and more. And if you don’t work with a team of experienced professionals, you could miss out on programs out there that can make a big difference for you. This is happening more than you realize.According to Realtor.com, almost 80% of first-time buyers qualify for down payment assistance – but only 13% actually take advantage of those programs. So, talk to a lender about your options. Whether you’re buying your first house or your fifth, there may be a program that can help.Not Leaning on the Expertise of a ProThis last one may be the most important of all. The very best way to avoid making a mistake that’s going to cost you is to lean on a pro. With the right team of experts, you can easily dodge these missteps.Bottom LineThe good news is you don’t have to deal with any of these headaches. Connect with a local real estate agent so you have a pro on your side who can help you avoid these costly mistakes.
Why Home Sales Bounce Back After Presidential Elections

With the 2024 Presidential election fast approaching, you might be wondering what impact, if any, it’s having on the housing market. Let’s break it down.Election Years Bring a Temporary SlowdownIn any given year, home sales slow down slightly in the fall. It’s a typical, seasonal trend. However, according to data from BTIG, in election years there’s usually a slightly larger dip in home sales in the month leading up to Election Day (see graph below):Why? Uncertainty. Many consumers hold off on making major decisions or purchases while they wait to see how the election will play out. It’s a pattern that’s shown up time and time again, and it's particularly apparent for buyers and sellers in the housing market.This year is no different. A recent survey from Redfin found that 23% of potential first-time homebuyers said they’re waiting until after the election to buy. That’s nearly a quarter of first-time buyers hitting the pause button, likely due to the same feelings of uncertainty.Home Sales Bounce Back After the ElectionThe good news is these delayed sales aren’t lost forever—they’re just postponed. History shows sales tend to rebound after the election is over. In fact, home sales have actually increased 82% of the time in the year after the election (see chart below):That’s because once the election dust settles, buyers and sellers have a sense of what’s ahead and generally feel more confident moving forward with their decisions. And that leads to a boost in home sales.What To Expect in 2025If history is any indicator, that means more homes will sell next year. And based on the latest forecasts, that’s exactly what you should expect. As the graph below shows, the housing market is on pace to sell a total of 4.6 million homes this year, and projections are for 5.2 million total sales next year (see graph below):And that aligns with the typical pattern of post-election rebounds.So, while it might feel like the market is slowing down right now, it’s more of a temporary dip rather than a long-term trend. As has been the case before, once the election uncertainty passes, buyers and sellers will return to the market.Bottom LineIt's important to remember that while election years often bring a short-term slowdown in the housing market, the pause is usually temporary. Those sales are not lost. Data shows home sales typically increase the year after a Presidential election, and current forecasts indicate 2025 will be no different. If you’re waiting for a clearer picture before making a move, just know that the market is expected to pick up speed in the months ahead.

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Realty ONE Group Leaders

Andis Combi License ID: 475.192154

+1(773) 808-6240 info@rogleaders.com

6240 W Belmont Ave, Chicago, IL, 60634, United States

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IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.

423 E Chicago ST #F Elgin, IL 60120

Andis Combi

Andis Combi

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

MORTGAGE CALCULATOR

We would love to talk to you about this property

423 E Chicago ST #F

GET MORE INFORMATION

Real Estate News, Tips & How-To Articles

How Real Estate Agents Take the Fear Out of Moving

Avoid These Top Homebuyer Mistakes in Today’s Market

Why Home Sales Bounce Back After Presidential Elections