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 Map
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Property Details
Utilities
Heating Natural Gas, Forced Air
Cooling
Water Public
Sewer Public Sewer
Additional Information
Exterior Features
Porch
Parking
3 Parking Spaces, Unassigned, Off Street, Parking On Site, Owned
Schools
District 46
Payment Calculator
Listing History
09-21-2023
Listed at $550,000
10-23-2023
Price decreased by $25,000 to $525,000
12-28-2023
Status changed to Under Contract
12-29-2023
Status changed to Closed
12-29-2023
Sold at $470,000
Last Modified 12/29/23 7:04 PM
Nearby Transportation
Milwaukee West
0.5 mi
Hwy 20 West
1.2 mi
Hwy 20 East
1.3 mi
I 90 East
1.8 mi
I 90 West
1.9 mi
For More Information
(312) 528-9200
For more information about 140 College, Elgin, IL 60120 contact Corcoran Urban Real Estate.
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Listing provided by Keller Williams Infinity
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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Real estate listings held by brokerage firms other than Urban Real Estate are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.
