501 Highland Avenue, Elgin, Illinois 60123
$302,000
|
Sold
|
|
| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 4 |
| Baths: | 0 |
| Year Built: | — |
| Property Taxes: | $5,722 |
| Days On Market: | 1769 |
| Lot Size: | 0,25 |
Description
GREAT INVESTMENT OPPORTUNITY OF 4K/MONTH. Historic 4 flat in the heart of downtown Elgin. Units 1 & 4 were rehabbed last year with new appliances, quartz countertops, and flooring. Three tenants are on month-to-month leases waiting for yearly leases of your choice to be put in place. Unit 4 with a lease ending in May 2022. Owner pays for water (200-250$/month) and heat (5 months out of the year) The property is professionally managed with the opportunity to continue under current local management. Walking distance to downtown Elgin with metra transportation into Union Station, shopping, and entertainment. A hidden gem for investors seeking property in a fast growing area with a rising rental market , 40 miles west of Chicago.
Property Specifics
| Multi-unit | |
| — | |
| Farmhouse | |
| — | |
| Full | |
| Aluminum Siding | |
| Asphalt | |
| — | |
| No | |
| 0.25 |
| Kane | |
| — | |
| — / — | |
| — | |
| Public | |
| Public Sewer | |
| — | |
| Natural Gas | |
| 11293122 | |
| 0614403015 |
Nearby Schools
| NAME: | DISTRICT: | DISTANCE: | |
|---|---|---|---|
|
Grade School
Highland Elementary School |
46 | — | |
|
Middle School
Kimball Middle School |
46 | Not in DB | |
|
High School
Larkin High School |
46 | Not in DB | |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 11 Feb, 2022 | Sold | $302,000 | MRED MLS |
| 2 Jan, 2022 | Under contract | $297,000 | MRED MLS |
| 22 Dec, 2021 | Listed for sale | $297,000 | MRED MLS |
Room Specifics
All Bedroom Info:
Total Bedrooms: 4
Bedrooms Above Ground: 4
Bedrooms Below Ground: 0
Total Bedrooms: 4
Bedrooms Above Ground: 4
Bedrooms Below Ground: 0
Bathroom Info:
Full Bathrooms: 4
Partial Bathrooms: —Full Bathrooms: 4
Bathroom Amenities: —
Bathroom in Basement: —
Additional Rooms Info:
Rooms: —
Basement: FullRooms: —
Other Specifics
| — | |
| Block,Stone | |
| Space/s | |
| — | |
| — | |
| — | |
| Porch | |
| Corner Lot | |
| 85X120 | |
| — | |
| — | |
| — | |
| — | |
| Not in DB | |
| — | |
| — | |
| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2022 | $5,722 |
Contact Agent
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Listing Provided By
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