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Key Details
Sold Price $352,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 11660258
Sold Date 12/05/22
Bedrooms 5
Year Built 1959
Annual Tax Amount $7,134
Tax Year 2021
Lot Dimensions 4900
Property Sub-Type Two to Four Units
Property Description
HERE IS AN EXCELLENT OPPORTUNITY TO OWN THIS SOLID, FULLY OCCUPIED, 3-UNIT BRICK BUILDING LOCATED IN THE HEART OF ELGIN'S HISTORICAL DISTRICT! EASY WALK TO DOWNTOWN, TRAIN, LIBRARY, CASINO, POST OFFICE, AND RIVER. ONE UNIT HAS 3 BEDROOMS, THE OTHER TWO UNITS HAVE ONE BEDROOM EACH. PROPERTY ALSO FEATURES SEPARATE UTILITIES, CONVENIENT COIN-OP LAUNDRY IN LOWER LEVEL AND A 2 CAR GARAGE. RENTS ARE LOWER THAN AVERAGE MARKET DUE TO LONG-TERM TENANTS. THE 3 GAS METERS ARE DIVIDED AS FOLLOWS: GAS METER 1 IS PAID BY TENANT AT UNIT 1, GAS METER 2 IS SPLIT BETWEEN TENANTS IN UNITS 2 & 3, GAS METER 3 IS PAID BY OWNER. THERE ARE 4 ELECTRIC METERS, EACH TENANT PAYS FOR THEIR OWN, AND THE FOURTH ONE IS PAID BY OWNER. DON'T MISS THIS FABULOUS OPPORTUNITY!
Location
State IL
County Kane
Area Elgin
Zoning MULTI
Rooms
Basement English
Interior
Heating Natural Gas
Fireplace N
Exterior
Parking Features Detached
Garage Spaces 2.0
Roof Type Asphalt
Building
Lot Description Corner Lot
Sewer Public Sewer
Water Public
New Construction false
Schools
School District 46 , 46, 46
Others
Ownership Fee Simple
Special Listing Condition None
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© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Cyndi Dumontelle of Coldwell Banker Realty
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