$735,000
$775,000
5.2%For more information regarding the value of a property, please contact us for a free consultation.
0.36 Acres Lot
SOLD DATE : 07/22/2019
Key Details
Sold Price $735,000
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 10340935
Sold Date 07/22/19
Maintenance Fees $16,100
Year Built 1955
Annual Tax Amount $18,394
Tax Year 2017
Lot Size 0.360 Acres
Lot Dimensions .36
Property Sub-Type Multi Family 5+
Property Description
Great 11-unit apartment building. Close to transportation and easy access to Route 20 and Interstate 90. Public trans is readily available at the Elgin terminal, located about 1.5 miles, and is locally served by PACE. Bus stops are conveniently located on Larkin Avenue which is footsteps away from the property. The unit mix is comprised of two studios, six one-bedroom / one-bathroom units, and three two-bedroom / one-bathroom units measuring at approximately 500, 650, and 700 square feet, respectively. The property features ample off-street parking and four additional garage/covered-space units. The property is surrounded by local parks, public schools, restaurants, retail stores, banks, grocery markets, etc. Directly east is downtown Elgin. The property offers an investor the opportunity to obtain a well-maintained asset in a favorable Elgin location.
Location
State IL
County Kane
Area Elgin
Zoning MULTI
Interior
Fireplace N
Building
Level or Stories 2
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Bought with Lawrence Hines • RE/MAX Horizon
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