140 College Street, Elgin, Illinois 60120
$310,000
|
Sold
|
|
| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 6 |
| Baths: | 0 |
| Year Built: | — |
| Property Taxes: | $5,978 |
| Days On Market: | 1850 |
| Lot Size: | 0,25 |
Description
FOUR UNIT IN GOOD CONDITION AND LOCATED IN THE HISTORIC DISTRICT NEAR DOWNTOWN. 2 TWO BEDROOM UNITS AND 2 ONE BEDROOM UNITS ALL WITH YEARLY LEASES AND LONGER TERM TENANTS. GREAT CASH FLOW. MORE THAN 8% NET ROI. MUCH WORK HAS BEEN RECENTLY COMPLETED HOWEVER SOLD AS-IS. 3 OF THE UNITS HAVE BEEN UPDATED / REMODELED WITHIN THE LAST THREE YEARS. NEWER APPLIANCES. REPAINTED. SOME EXTERIOR SIDING REPLACED AND REPAINTED. NEW WATER AND SEWER SERVICE TO STREET. NEW WATER HEATER AND FURNACE IN UNIT #3. LARGE STORAGE AND WORK AREA IN BASEMENT. NEW SUMP PUMP. BUILDING CURRENTLY UNDER TWO YEAR APPROVAL FROM THE CITY AS NO VIOLATIONS FOUND DURING LAST INSPECTION. NEW FLAT ROOF WILL BE INSTALLED PRIOR TO CLOSING. ( RECENT STORM DAMAGE.) GREAT INVESTMENT OPPORTUNITY! MINIMUM 24 HOUR ADVANCE ON SHOWINGS. PROOF OF FUNDS / PRE-APPROVAL REQUIRED BEFORE ALL SHOWINGS WILL BE SCHEDULED. NO FHA. TWO GROUND FLOOR UNITS WILL BE SHOWN ON THE FIRST APPOINTMENT. LISTING AGENT MUST ACCOMPANY ALL SHOWINGS AND WILL PROVIDE ACCESS. NO LOCKBOX. DO NOT DISTURB TENANTS. FOLLOW COVID 19 GUIDELINES. MUST WEAR A MASK TO ACCESS UNITS. OWNER IS LICENSED BROKER.
Property Specifics
| Multi-unit | |
| — | |
| — | |
| — | |
| Partial | |
| — | |
| No | |
| 0.25 |
| Kane | |
| — | |
| — / — | |
| — | |
| Public | |
| Public Sewer | |
| 10850691 | |
| 0613156010 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 19 Oct, 2020 | Sold | $310,000 | MRED MLS |
| 12 Sep, 2020 | Under contract | $310,000 | MRED MLS |
| 8 Sep, 2020 | Listed for sale | $310,000 | MRED MLS |
| 29 Dec, 2023 | Sold | $470,000 | MRED MLS |
| 27 Dec, 2023 | Under contract | $525,000 | MRED MLS |
| — | Last price change | $550,000 | MRED MLS |
| 21 Sep, 2023 | Listed for sale | $550,000 | MRED MLS |
Room Specifics
Total Bedrooms: 6
Bedrooms Above Ground: 6
Bedrooms Below Ground: 0
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Full Bathrooms: 4
Bathroom Amenities: —
Bathroom in Basement: —
Rooms: —
Basement Description: Unfinished
Other Specifics
| — | |
| Concrete Perimeter,Stone | |
| — | |
| Porch | |
| Corner Lot | |
| 52X91 | |
| — | |
| — | |
| — | |
| — | |
| Not in DB | |
| Curbs, Sidewalks, Street Lights, Street Paved | |
| — | |
| — | |
| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2020 | $5,978 |
| 2023 | $6,007 |
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Listing Provided By
The Promised Land Co.
