Gorgeous, well maintained INCOME GENERATING 3 flat near Downtown Elgin (1 block outside of the Historic District) boasting 2944 SQ FT! The perfect investment opportunity! 2 out of the 3 units are currently rented, UNIT 3 is recently vacant. So buyer could move in for now and then switch to the larger 2 bedroom unit once the current tenants are out and rent units 2 & 3 to family/ friends! ROOF IS NEW. Exterior & siding restored & repainted ~ 5 years ago. Plumbing was recently updated. All units have gorgeous hardwood floors throughout, separate entrances and parking spaces (currently unit 1 is utilizing the 2.5 car garage and units 2 & 3 have the exterior spaces.) Each unit has their own electric meter & cooking gas is paid for by tenants. Current landlord pays heat, water, & trash. Extra storage space & free laundry is provided in basement. Unit 1 is a 2 bd/ 2 bath and is the only unit located on the first floor. It is the largest unit of the 3, at 1500 sq. ft. Unit has lots of livable space- with a living room, family room (that could be converted to 3rd bedroom if needed) & a gorgeous formal dining room featuring a beautiful antique marble fireplace with gold inlay. Tenant of unit 1 currently pay $1k/ month in rent which is extremely low for the size/ quality of this unit- but tenant handles all property maintenance for landlord. (According to current market rent; rent could be adjusted to ~$2k) Units 2 and 3 are both 1 bd/ 1 bath units, located on the 2nd floor of property. Unit 2 is approximately 1100 sq. ft. The unit is very bright & open, featuring a generous sized living room and lots of closet space. Rent could be raised to $950- $1k. Unit 3 is ~ 400 sq. ft. with a good sized kitchen & smartly utilized dining area. (could be rented for ~$895) All appliances in units 1 & 2 were installed 2019- 2021 and the windows in units 2 & 3 were recently restored. Current water heater is from 2008 and working well, but owner will be leaving a new water heater for buyer to use once needed. Do not let this fantastic investment opportunity pass by. Schedule a showing today!
Property Map
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Property Details
Utilities
Heating Natural Gas, Forced Air
Cooling
Water Public
Sewer Public Sewer
Additional Information
Exterior Features
Patio, Porch
Parking
3 Parking Spaces (2.5 Garage Spaces), Side Apron, Driveway, Owned, Owned, Parking included in price
Schools
Elgin High School (46), Ellis Middle School (46), Channing Memorial Elementary Sch (46)
Payment Calculator
Listing History
05-26-2022
Listed at $325,000
06-01-2022
Status changed to Under Contract
06-09-2022
Status changed to Active
06-15-2022
Price decreased by $10,000 to $315,000
08-15-2022
Status changed to Under Contract
10-20-2022
Status changed to Closed
10-20-2022
Sold at $315,000
Last Modified 6/1/23 11:46 AM
Nearby Transportation
Milwaukee West
0.8 mi
Hwy 20 West
1.0 mi
Hwy 20 East
1.1 mi
I 90 West
2.0 mi
I 90 East
2.0 mi
For More Information
(312) 528-9200
For more information about 102 S Liberty, Elgin, IL 60120 contact Corcoran Urban Real Estate.
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Listing provided by Baird & Warner
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