140 College Street, Elgin, Illinois 60120
$470,000
|
Sold
|
|
| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 6 |
| Baths: | 0 |
| Year Built: | 1900 |
| Property Taxes: | $6,007 |
| Days On Market: | 742 |
| Lot Size: | 0,25 |
Description
4 Unit Multifamily Property On A Corner Lot, In The Historic District Of Elgin Near Downtown. Freshly Painted Outside & Fully Compliant With All City Requirements. 2 Two Bedroom Units And 2 One Bedroom Units With Mainly Month To Month Leases Occupied By Longer Term Tenants! The Buyer Has the Option To Lock Current Tenants Into A Lease If The Rent Is Agreed To Market Rent Or Have The Flexibility With The Month To Month Lease To Get New Tenants Willing To Pay Higher Market Rent. Well Maintained Building! Great Cash Flow! 3 Of The Units Have Been Updated/Remodeled Within The Last Five Years Including Newer Appliances. Newer Water Heater, Appliances, Furnace, In Unit #3 With Hardwood Floors. Unit #4 Has Newer Fridge And Stove. Large Storage & Work Area In Basement. Newer Sump Pump. Newer Water & Sewer Service To Street. Newer Flat Roof Less Than 4 Years Old! Great Investment Opportunity! 100% Occupied! - Tenants pay the utilities upstairs and the landlord pays for the utilities for the downstairs units. Expenses listed are those paid by the landlord only, including $1000 a year estimated for landscaping and snow removal.
Property Specifics
| Multi-unit | |
| — | |
| — | |
| 1900 | |
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| No | |
| 0.25 |
| Kane | |
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| — / — | |
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| — | |
| 11891597 | |
| 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
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| 52X91 | |
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| Not in DB | |
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Tax History
| Year | Property Taxes |
|---|---|
| 2020 | $5,978 |
| 2023 | $6,007 |
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Listing Provided By
Keller Williams Infinity
