$672,500
$669,000
0.5%For more information regarding the value of a property, please contact us for a free consultation.
5,040 SqFt
SOLD DATE : 06/24/2022
Key Details
Sold Price $672,500
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 5,040 sqft
Price per Sqft $133
MLS Listing ID 11377160
Sold Date 06/24/22
Maintenance Fees $244
Year Built 1969
Annual Tax Amount $12,932
Tax Year 2020
Lot Dimensions 87 X125
Property Sub-Type Multi Family 5+
Property Description
Excellent Investment Opportunity! Large 6 unit; 4 - 2 bedroom units and 2 - 1 bedroom units and private parking. Laundry on site -- current owner has free washing machine with $1.50 to dry - another untapped source of revenue. Actual gross rents and dryer funds are $77,580 with room for an additional 6% in increases ($4,620.) Quiet building with long term tenants and all mechanicals in tip top shape. Mansard section of roof and painting of trim around windows is scheduled to be completed prior to closing, however, seller will credit the $12,500 in their repair fund and allow new buyer to use their own tradesmen. No HOA - owner makes all decisions relative to building, grounds and tenants.
Location
State IL
County Kane
Area Elgin
Zoning MULTI
Interior
Cooling Wall Sleeve
Fireplace N
Exterior
Utilities Available Sanitary Sewer, Water-Municipal
Roof Type Composition
Building
Level or Stories 3
Structure Type Brick, Wood Frame
Others
HOA Fee Include None
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Bought with Mark Goff • HomeSmart Connect LLC
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "