Corcoran Urban Real Estate
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Any Beds
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12 Properties Within 0.5 miles of: 271 North, Elgin
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271 North
Elgin, IL 60120

  • 6 Beds
Price

$350,000

Taxes
$6,554  
Beds
6  
Rooms
18  
Type
Two to Four Units  
Sq. Ft.
n/a  
Lot Size
58X231  
Neighborhood
Elgin  
MLS
#11203415
Status
Active (96 days)

Property Description

GREAT investment opportunity in the HISTORIC district of Elgin. 9% cap rate and net cash flow is over 1k per month! Sellers own entire building (271 & 273). Located near local restaurants/recreation center/ library. All units are occupied and some units have had the same tenant since 2010! Roof in 2004 and the owners are currently waiting on pricing to have a new roof installed! Separate furnace/water heaters 10 years old. Only showing 2/4 units (273 units 1 and 2) with the option to show all units if you can show it from 1:30-3:30 PM. SERIOUS BUYERS ONLY!!!!!!!

Property Map

Property Details

Utilities

  • Heating Natural Gas, Forced Air
  • Cooling
  • Water Public
  • Sewer Public Sewer

Additional Information

Parking
8 Parking Spaces, Driveway, Owned, Parking included in price
Schools
Central School Program (46), Larsen Middle School (46), Channing Memorial Elementary Sch (46)

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

Listing History

08-28-2021 Listed at $350,000
Last Modified 11/12/21 2:44 PM

Nearby Transportation

  • Milwaukee West 0.4 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
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