Corcoran Urban Real Estate
$0 to $5,000,000
Any Beds
Any Baths
For Sale
6 Properties Within 0.5 miles of: 167 Cherry, Elgin

167 Cherry
Elgin, IL 60120

  • 4 Beds
  • Built In 1865
Price

$270,000

Est Payment
$1,838 / month (details)  
Taxes
$4,881  
Beds
4  
Rooms
10  
Type
Two to Four Units  
Sq. Ft.
n/a  
Lot Size
47 X 130  
Built
1865  
Neighborhood
Elgin  
MLS
#12307747
Status
Active (48 days)

Property Description

This 2-unit property presents a fantastic investment opportunity. With the same tenants happily residing for 2 years and eager to stay, the property offers steady rental income. Recent improvements include updated plumbing in 2024, ensuring modern sewer piping. Both units feature new appliances, including refrigerators, water heaters, and stoves, and were remodeled prior to the current tenants' move-in. Tenants pay their own gas and electric, while the owner covers the water bill. Each unit also comes with a detached garage, providing added value. With these updates and reliable tenants, this property is a great long-term investment.

Property Map

Property Details

Utilities

  • Heating Natural Gas
  • Cooling
  • Water Public
  • Sewer Public Sewer

Additional Information

Parking
2 Garage Spaces, On Site, Garage Owned, Detached, Garage
Schools
District 46

Payment Calculator

$
$
$
$
$
%
$
years
%
Principal & Interest
$0
Property Tax
$0
Assessments
$0
Home Insurance
$0
Mortgage Insurance
$0

Listing History

03-12-2025 Listed at $280,000
04-15-2025 Price decreased by $10,000 to $270,000
Last Modified 4/21/25 12:05 AM

Nearby Transportation

  • Milwaukee West 0.6 mi
  • I 90 East 1.4 mi
  • Hwy 20 West 1.5 mi
  • Hwy 20 East 1.6 mi
  • I 90 West 1.7 mi
grid
Register to see 0 more properties