113 Elm Street
Elgin, IL 60123

Status: Sold
Multi Family
4 beds
0 baths
0 sq.ft
Listing Price: $450,000

About this home

"Income-Producing Property with Character and Convenience" This well-maintained brick 3-flat offers a fantastic opportunity for both investors and owner-occupants. Located in a great area close to schools and transportation, this property boasts several attractive features-The home/building includes charm with its classic brick exterior and well-preserved interior details. Most of the units have been thoughtfully remodeled, featuring nice floors (including some newer carpet), updated kitchens, and baths. Each unit has its own gas and electric utilities, ensuring that tenants cover their own utility costs. The property is beautifully landscaped, creating an inviting curb appeal. Spacious Layout: With one unit per floor, each apartment offers good-sized bedrooms and comfortable living spaces. The building has been meticulously maintained, making it an easy transition for new occupants. Added bonus is the 2-car garage that includes an attached storage or workroom (approximately 20 x 8) Recent Inspection: The property was inspected by the City of Elgin on 09/26/2023 and passed with flying colors, ensuring peace of mind for buyers. Add this to your portfolio today!** please note the owner is living in unit 2 and this unit can be converted to a 2 bedroom if you add a closet to the extra room** Unit 1 plans to resign their lease after 8/24**inspection from Elgin in 2023 passed**

Property details

Property / Lot Details
Acreage 0.17
Lot Dimensions 7435 SQ FT
Lot Size Less Than .25 Acre
Model 2 STORY 3 FLAT
Ownership Fee Simple
Style of House English
Type Unit 3 Flat
Number Of Units in Building 3
Property Type Two to Four Units
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building No
Approx Year Built 1900
Parking Total 2
Exterior Building Type Brick
Exterior Property Features Storms/Screens, Cable Access, Workshop
Parking On-Site Yes
Garage Ownership Owned
Garage Type Detached
Parking Spaces Count 2
Parking Garage
Roof Type Asphalt
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
CommunityFeatures Curbs, Sidewalks, Street Lights, Street Paved
Area Major Elgin
Corporate Limits Elgin
Directions Chicago st to Locust east to Elm south on elm across from St Ed's High School.
Equipment TV-Cable, CO Detectors, Multiple Water Heaters, Water Heater-Gas
Elementary School Lowrie Elementary School
Elementary Sch Dist 46
Heat/Fuel Natural Gas, Forced Air
High Sch Dist 46
Sewer Public Sewer
Water Public
Jr High/Middle School Abbott Middle School
Jr High/Middle Dist 46
Township Elgin
Interior Features
Basement Description Unfinished, Exterior Access
Basement Full
Bedrooms Count 4
Bedrooms Possible 4
Baths Count 3
Full Baths in Building Count 3
Total Rooms 10
Units
unit 1
Beds Total 1
Baths Total 1
Actual Rent 985
Appliances And Features Stove, Refrigerator, Central Air Conditioner
Full Baths Total 1
Lease Expiration Date 08/24
Rooms Total 3
Security Deposit 500
Tenant Pays Electric,Gas
Floor Number 3
Square Feet 710
unit 2
Beds Total 2
Baths Total 1
Appliances And Features Stove, Refrigerator, Central Air Conditioner
Full Baths Total 1
Rooms Total 4
Tenant Pays Electric,Gas
Floor Number 2
Square Feet 944
unit 3
Beds Total 1
Baths Total 1
Actual Rent 1280
Appliances And Features Stove, Refrigerator, Central Air Conditioner
Full Baths Total 1
Lease Expiration Date 11/24
Rooms Total 3
Security Deposit 1200
Tenant Pays Electric,Gas
Floor Number 1
Square Feet 444

Financials

ElectricExpense 192
Electric Expense Source Owner Projection
Financing Cash
Fuel Expense Source Actual
Insurance Expense $2,200
Insurance Expense Source Actual
Manager Expense Source AC
Investment Profile Residential Income
Water Expense $1,440

Tax/Assessments/Liens

PIN 0614476004
Special Assessments N
Taxes $4,874
Tax Year 2022
$450,000 Listing Price:
MLS # 12046297
Investment Profile Residential Income
Listing Market Time 36 days
Basement Full
Type Unit 3 Flat
Number of Units in Building 3
Parking Garage
List Date 05/07/2024
Year Built 1900
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