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.
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Heating Natural Gas
Sewer Public Sewer
7 Parking Spaces, Unassigned, Off Street, Owned, Parking included in price
Larkin High School (46), Kimball Middle School (46), Highland Elementary School (46)
Listed at $297,000
Status changed to Under Contract
Last Modified 1/2/22 9:06 PM
Hwy 20 West
Hwy 20 East
I 90 East
I 90 West
For More Information
For more information about 501 W Highland, Elgin, IL 60123 contact Corcoran Urban Real Estate.
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