Elgin, IL 60123

  • 0.51 Acres
  • Commercial
  • MLS# 11381309
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Views: 6 Days On Site: 224

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Property Details

The subject property is located within walking distance from Downtown Elgin, the Metra Train Station and is just steps from the Fox River. The building consists of 14 units of various sizes, 11 of which have been renovated within the past year, and the remaining three units will be renovated before spring 2022. The renovations include new vinyl flooring throughout, kitchen cabinets and appliances and bathroom updates. The roof is a 5-year old shingle roof and the boiler is a year old. Each unit has a window unit for air conditioning. The parking lot was newly seal-coated and striped in 2021. The property has been historically fully occupied for the past 12 years.

  • General Features
    • Additional Parcels Y/N No
    • Area Elgin
    • County Or Parish Kane
    • Electric Expense 1000
    • Fuel Expense 6500
    • Gross Income 174300
    • Gross Scheduled Income 181500
    • Net Operating Income 125564
    • Number Of Units Total 14
    • Operating Expense 31684
    • Operating Expense1 1400
    • Tax Annual Amount 24252
    • Tax Year 2020
    • Township Elgin
    • Year Built 1965
  • Building Features
    • Stories 3
  • Property Features
    • Lot Size Acres 0.51
    • Lot Size Dimensions 242.5 X 76.6 X 191.5 X 145.2
    • Parcel Number 0614404016
    • Parking Total 0



60123 (Elgin) Demographics

37 Median Age
3,547 Population Density (per sq. mile)
33% College Educated
$69,971 Estimated Median Income
11,675 Estimated Total Home Owners
5,640 Estimated Total Renters
67% / 33% Estimated Owner / Renter Divide
3 Estimated Average Household Size
49,765 Total Population
Community data courtesy of LiveBy, Inc.

Market Last 30 Days In This Postal Code

$234,153 Median Sales Price
36 Homes Sold
1 New On Market

Average Days on Site

    Properties for Sale

      Calculations provided by Reliance Network

      Property History

      Date Event Price Percent Change
      -- Current Price Source: Multiple Listing Service New Value: $1,969,000
      9/6/2022 2:47:22 PM Status Changed Source: Multiple Listing Service New Value: Pending
      7/4/2022 12:17:53 AM Status Changed Source: Multiple Listing Service New Value: Active
      6/28/2022 3:17:25 PM Status Changed Source: Multiple Listing Service New Value: Price Change
      6/28/2022 3:17:25 PM Price Reduced Source: Multiple Listing Service New Value: $1,969,000 -3.95%
      4/21/2022 11:48:00 AM New in Database Source: Multiple Listing Service New Value: $2,050,000

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      Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.