311 E Chicago Street
Elgin, IL 60120

Status: Sold
Multi Family
6 beds
0 baths
0 sq.ft
Listing Price: $380,000
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About this home

FANTASTIC, FOUR-UNIT INVESTMENT OPPORTUNITY!! Great money making potential with this building! Fully rented, rare 4-unit building with great rents! The building is a such a fantastic location! Walking distance to downtown Elgin and all it has to offer such as shops, restaurants, public transportation, and so much more! You won't want to miss out on this opportunity! Hurry and schedule your showing today!

Property details

Property / Lot Details
Acreage 0.08
Lot Dimensions 50X80X50X81
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 3 Story Unit/s
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 1900
Exterior Building Type Cedar
Exterior Property Features Deck
Parking None
Roof Type Asphalt
MRD Virtual Tour Image360
School / Neighborhood, Utilities, Financing, Location Details
CommunityFeatures Curbs, Sidewalks, Street Lights, Street Paved
Area Major Elgin
Corporate Limits Elgin
Directions Route 25 to Chicago St W to Home
Elementary School Channing Memorial Elementary Sch
Elementary Sch Dist 46
Heat/Fuel Natural Gas, Forced Air
High Sch Elgin High School
High Sch Dist 46
Sewer Public Sewer
Water Public
Jr High/Middle School Ellis Middle School
Jr High/Middle Dist 46
Township Elgin
Interior Features
Basement Description Finished
Basement Bathrooms No
Basement Full ,Walkout
Bedrooms Count 6
Bedrooms Possible 6
Baths Count 4
Full Baths in Building Count 4
Total Rooms 14
Units
unit 1
Beds Total 1
Baths Total 1
Actual Rent 1100
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date MTM
Rooms Total 3
Security Deposit 1100
Tenant Pays Electric,Gas
Floor Number 2
unit 2
Beds Total 1
Baths Total 1
Actual Rent 1100
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date MTM
Rooms Total 3
Security Deposit 1100
Tenant Pays Electric,Gas
Floor Number 2
unit 3
Beds Total 3
Baths Total 1
Actual Rent 1500
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date MTM
Rooms Total 5
Security Deposit 1100
Tenant Pays Electric,Gas
Floor Number 3
unit 4
Beds Total 1
Baths Total 1
Actual Rent 1350
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date MTM
Rooms Total 3
Security Deposit 1200
Tenant Pays Electric,Gas
Floor Number 1

Financials

Financing Conventional
Gross Rental Income $60,600
Rental Income 5050
Investment Profile Residential Income
Water Expense $1,500

Tax/Assessments/Liens

PIN 0613304004
Special Assessments N
Taxes $6,475
Tax Exemptions None
Tax Year 2022
$380,000 Listing Price:
MLS # 11902081
Investment Profile Residential Income
Listing Market Time 34 days
Basement Full ,Walkout
Type Unit 3 Story Unit/s
Number of Units in Building 4
Parking None
List Date 10/11/2023
Year Built 1900
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