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3 Properties Within 0.5 miles of: 501 W Highland, Elgin

501 W Highland
Elgin, IL 60123

  • 4 Beds
Price

$297,000

Taxes
$5,722  
Beds
4  
Rooms
11  
Type
Two to Four Units  
Sq. Ft.
n/a  
Lot Size
85X120  
Neighborhood
Elgin  
MLS
#11293122
Status
Contingent

Property Description

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.

Property Map

Property Details

Utilities

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

Additional Information

Parking
7 Parking Spaces, Unassigned, Off Street, Owned, Parking included in price
Schools
Larkin High School (46), Kimball Middle School (46), Highland Elementary School (46)

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

Listing History

12-22-2021 Listed at $297,000
01-02-2022 Status changed to Under Contract
Last Modified 1/2/22 9:06 PM

Nearby Transportation

  • Milwaukee West 0.3 mi
  • Hwy 20 West 1.1 mi
  • Hwy 20 East 1.1 mi
  • I 90 East 1.9 mi
  • I 90 West 2.2 mi
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