222 VILLA Street
Elgin, IL 60120

Status: Sold
Multi Family
7 beds
0 baths
0 sq.ft
Listing Price: $399,900
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About this home

Huge 3 story Victorian 4 flat in good condition and with "curb appeal." This building has a 3 Bedroom unit, a 2 Bedroom unit and two 1 Bedroom units. Lots of updating and exterior work done to this building in recent years. Updated plumbing, electrical panels and boiler. Tenants pay their own electric and cooking gas. Large parking area at rear of building. Great building with terrific cash flow.

Property details

Property / Lot Details
Acreage 0.25
Lot Dimensions 55X148
Lot Size .25-.49 Acre
Ownership Fee Simple
Style of House Victorian
Type Unit 4 Flat
Number Of Units in Building 4
Property Type Two to Four Units
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building Yes
Approx Year Built 1906
Parking Total 4
Exterior Building Type Frame
Foundation Concrete Perimeter
Parking Features Unassigned
Garage On-Site Yes
Parking Ownership N/A
Parking Space/s
Roof Type Asphalt
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
CommunityFeatures Curbs, Street Lights, Street Paved
Area Major Elgin
Zoning Type MULTI
Corporate Limits Elgin
Directions East Chicago St./Villa S on Villa to address house on West side of street
Equipment Ceiling Fan(s)
Elementary Sch Dist 46
Heat/Fuel Natural Gas, Steam
High Sch Dist 46
Sewer Public Sewer
Water Public
Jr High/Middle Dist 46
Othr Public Sch ECC
Township Elgin
Interior Features
Basement Description Unfinished
Basement Full
Bedrooms Count 7
Bedrooms Possible 7
Baths Count 5
Full Baths in Building Count 4
Half Baths in Building Count 1
Total Rooms 15
Units
unit 1
Beds Total 3
Baths Total 2
Actual Rent 1500
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Half Baths Total 1
Lease Expiration Date 02/25
Rooms Total 6
Security Deposit 1800
Tenant Pays Electric,Gas
Floor Number 1
unit 2
Beds Total 1
Baths Total 1
Actual Rent 1100
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date 09/24
Rooms Total 3
Security Deposit 1150
Tenant Pays Electric,Gas
Floor Number 2
unit 3
Beds Total 1
Baths Total 1
Actual Rent 1200
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date 10/24
Rooms Total 3
Security Deposit 1200
Tenant Pays Electric,Gas
Floor Number 2
unit 4
Beds Total 1
Baths Total 1
Actual Rent 1000
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date M/M
Rooms Total 3
Security Deposit 1100
Tenant Pays Electric,Gas
Floor Number 3

Financials

ElectricExpense 273
Electric Expense Source Actual
Financing Conventional
Fuel Expense $6,771
Fuel Expense Source Actual
Gross Rental Income $57,600
Insurance Expense $2,490
Insurance Expense Source Actual
Net Oper Income $37,327
Investment Profile Residential Income
Water Expense $2,796

Tax/Assessments/Liens

PIN 0613378006
Special Assessments N
Taxes $7,943
Tax Exemptions None
Tax Year 2023
$399,900 Listing Price:
MLS # 12075928
Investment Profile Residential Income
Listing Market Time 82 days
Basement Full
Type Unit 4 Flat
Number of Units in Building 4
Parking Space/s
List Date 06/05/2024
Year Built 1906
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