105 Elm Street
Elgin, IL 60123

Status: Sold
Multi Family
6 beds
0 baths
0 sq.ft
Listing Price: $569,900
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About this home

WELL MAINTAINED AND SOLID BRICK 4-UNIT BUILDING WITH GREAT INCOME POTENTIAL. ROOF NEW (TEAR OFF) IN 2021. NEWLY INSTALLED VINYL TONGUE AND GROOVE PLANK LAMINATE FLOOR IN THREE OF THE UNITS (2020). ATTIC PROFESSIONALLY INSULATED AND RAISED TO AN R-45 RATING (2019). EXISTING BOILER HAS TWO NEW ZONE VALVES - NEW PRESSURE RELIEF AND WATER VALUE (2021). WATER HEATER NEW IN 2022. COIN LAUNDRY IN UTILITY ROOM BRINGS AN ADDITIONAL $1500 IN ANNUAL INCOME. UNIT #4 TOTALLY REMODELED WITH NEW CABINETS - APPLIANCES - LAMINATE FLOORING THRU-OUT - NEW BATHROOM FIXTURES - TUB MIXING VALVE AND SHOWER SURROUND. BRAND NEW PARKING LOT BLOCK RETAINING SUPPORT WALL ON ENTIRE SOUTH AND WEST SIDE OF PROPERTY (2023). LOCATED NEAR DOWNTOWN ELGIN, FESTIVAL PARK, GRAND VICTORIA RIVERBOAT CASINO, I-90, RT. 31, SCHOOLS, RESTAURANTS AND SO MUCH MORE! PLEASE MAKE SURE TO SHOW YOUR BUYERS THE "PROJECTED INCOME" THAT THIS BUILDING WILL BRING, IN RELATION TO THE CURRENT INCOME THAT IS VERY LOW. 24 HOUR NOTICE REQUIRED DUE TO TENANTS.

Property details

Property / Lot Details
Acreage 0.2
Deconversion N
Lot Dimensions 132 X 66
Lot Description Corner Lot, Partial Fencing, Sidewalks, Streetlights
Lot Size Source County Records
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 4 Flat
Number Of Units in Building 4
Property Type Two to Four Units
Interior Features
Additional Rooms Utility Room-1st Floor
Basement Description None
Basement Bathrooms No
Basement None
Bedrooms Count 6
Bedrooms Possible 6
Baths Count 4
Full Baths in Building Count 4
Total Rooms 18
Units
unit 1
Beds Total 2
Baths Total 1
Actual Rent 1050
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date 08/24
Rooms Total 5
Security Deposit 950
Tenant Pays Electric
Floor Number 2
unit 2
Beds Total 2
Baths Total 1
Actual Rent 1050
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date MO/MO
Rooms Total 5
Security Deposit 900
Tenant Pays Electric
Floor Number 2
unit 3
Beds Total 1
Baths Total 1
Actual Rent 825
Appliances And Features Stove, Refrigerator, Walk-In Closet
Full Baths Total 1
Lease Expiration Date 05/24
Rooms Total 4
Security Deposit 625
Tenant Pays Electric
Floor Number 1
unit 4
Beds Total 1
Baths Total 1
Actual Rent 500
Appliances And Features Stove, Refrigerator, Microwave, Walk-In Closet
Full Baths Total 1
Lease Expiration Date 12/24
Rooms Total 4
Tenant Pays Electric
Floor Number 1
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 61-70 Years
3 Bedroom Unit in Building No
Approx Year Built 1959
Parking Total 4
Exterior Building Type Brick
Exterior Property Features Storms/Screens
Foundation Concrete Perimeter
Parking Features Unassigned, Off Street, Parking Lot
Garage On-Site Yes
Parking Ownership Owned
Parking Space/s
Rehab Year 2023
Roof Type Asphalt
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
CommunityFeatures Park, Curbs, Sidewalks, Street Lights, Street Paved
Area Major Elgin
Zoning Type MULTI
Corporate Limits Elgin
Directions SOUTH ON ROUTE 31 (N STATE STREET) TURN RIGHT ONTO LOCUST ST. TURN LEFT ONTO ELM ST. PROPERTY IS ON THE LEFT, CORNER BUILDING.
Equipment CO Detectors, Ceiling Fan(s), Water Heater-Gas
Elementary School Washington Elementary School
Elementary Sch Dist 46
Heat/Fuel Natural Gas, Baseboard, Radiant
High Sch Larkin High School
High Sch Dist 46
Sewer Public Sewer, Sewer-Storm
Water Public
Jr High/Middle School Abbott Middle School
Jr High/Middle Dist 46
Township Elgin

Financials

ElectricExpense 325
Electric Expense Source Owner Projection
Financing Conventional
Fuel Expense $1,750
Fuel Expense Source Owner Projection
Insurance Expense $2,500
Insurance Expense Source Broker Projection
Other Addl Income Coin Laundry
Rental Income 45,000
Investment Profile Residential Income
Water Expense $3,000

Tax/Assessments/Liens

PIN 0614476001
Special Assessments N
Taxes $7,979
Tax Exemptions None
Tax Year 2022
$569,900 Listing Price:
MLS # 11991261
Investment Profile Residential Income
Listing Market Time 37 days
Basement None
Type Unit 4 Flat
Number of Units in Building 4
Parking Space/s
List Date 02/28/2024
Year Built 1959
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