Low maintenance 4-unit consisting of (3) studio units and (1) one bedroom unit. Additional income from garage and laundry. Long term tenants, with the longest living in this building for 8 years. Rents are below market which makes this a great investment as current cap rate is about 7%. Quiet location. Current owner is installing fence along south side of parking log and will be complete prior to closing. Easy to show.
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Property Details
Utilities
Heating Natural Gas
Cooling
Water Public
Sewer Public Sewer
Additional Information
Parking
6 Parking Spaces (2 Garage Spaces), Additional Parking, Parking Lot, Rear/Side Entry, N/A, Owned, Parking included in price
Schools
Larkin High School (46), Abbott Middle School (46), Washington Elementary School (46)
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Listing History
08-25-2022
Listed at $329,900
09-30-2022
Price decreased by $10,000 to $319,900
10-07-2022
Status changed to Under Contract
11-15-2022
Status changed to Closed
11-14-2022
Sold at $320,000
Last Modified 11/15/22 3:55 PM
Nearby Transportation
Milwaukee West
0.3 mi
Hwy 20 West
1.0 mi
Hwy 20 East
1.0 mi
I 90 East
2.0 mi
I 90 West
2.3 mi
For More Information
(312) 528-9200
For more information about 7 Lynch, Elgin, IL 60123 contact Corcoran Urban Real Estate.
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Listing provided by Swanson Real Estate
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