316 Division Street
Elgin, IL 60120

Status: Sold
Multi Family
9 beds
0 baths
0 sq.ft
Listing Price: $429,999
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About this home

GREAT 4 UNIT BUILDING FOR ALL INVESTORS!! ONE 3 BRDMS 1 BATH, UPSTAIRS UNIT HAS ACCESS TO ATTIC FOR EXTRA STORAGE & AN OUTSIDE DECK, AND NEW CARPET. ONE 3 BEDROOM 2 BATHS WITH NEW LAMINATE FLOORS THROUGHOUT, ANOTHER 3 BEDROOM ONE BATH IN THE BASEMENT, USED AS COMMERCIAL, ONE COMMERCIAL STUDIO WITH HALF BATH USED CURRENTLY AS A HAIR SALON. TENANTS PAY OWN HEAT AND ELECTRIC. THIS HOME HAS A HISTORIC CHARM WITH BUILT INS POCKET DOORS TRIM AND MOULDINGS. CITY CAME OUT AND REPLACED ALL NEW WATER PIPES FROM THE SEWER TO THE PROPERTY. NEW WATER MAIN! CLOSE TO DOWNTOWN AND CASINO. ALL 4 UNITS HAVE HAD COMPLETED REMODELED OWNER PAYS WATER APPROX 150- 200 A MONTH. PROPERTY SOLD "AS-IS" NO FHA SELLER MAY CONSIDER FHA 203K (WASHER/DRYER & STOVE BELONG TO TENANT ON FIRST FLOOR) CENTRAL AIR AVAILBLE FOR 2 UNITS BUT DOESN'T WORK. NEED 48 HRS NOTICE 4 UNITS ARE TENANT OCCUPIED

Property details

Interior Features
Additional Rooms Enclosed Porch
Basement Description Partially Finished
Basement Partial, Walkout
Bedrooms Count 9
Bedrooms Possible 9
Baths Count 5
Full Baths in Building Count 4
Half Baths in Building Count 1
Total Rooms 16
Units
unit 1
Beds Total 3
Baths Total 2
Actual Rent 1400
Appliances And Features Refrigerator
Full Baths Total 2
Lease Expiration Date 1-24
Rooms Total 5
Security Deposit 1400
Tenant Pays Electric, Gas, Heat
Floor Number 1
unit 2
Beds Total 3
Baths Total 1
Actual Rent 1350
Appliances And Features Stove
Full Baths Total 1
Lease Expiration Date 1-24
Rooms Total 5
Security Deposit 1350
Tenant Pays Electric, Gas, Heat
Floor Number 2
unit 3
Beds Total 3
Baths Total 1
Actual Rent 500
Appliances And Features None
Full Baths Total 1
Lease Expiration Date 1-24
Rooms Total 5
Tenant Pays Electric, Gas, Heat
Floor Number B
unit 4
Baths Total 1
Actual Rent 500
Appliances And Features Window Air Conditioner
Half Baths Total 1
Lease Expiration Date 1-24
Rooms Total 1
Tenant Pays Electric, Gas, Heat
Floor Number 4
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 91-100 Years
3 Bedroom Unit in Building Yes
Approx Year Built 1925
Exterior Building Type Frame
Exterior Property Features Deck
Parking None
Rehab Year 2022
Roof Type Asphalt ,Flat
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major Elgin
Zoning Type MULTI
Corporate Limits Elgin
Directions FROM ROUTE 25 NORTH OF CHICAGO ST TO DIVISION WEST TO PROPERTY
Equipment Multiple Water Heaters
Elementary Sch Dist 46
Heat/Fuel Natural Gas, Forced Air
High Sch Dist 46
Sewer Public Sewer
Water Public
Jr High/Middle Dist 46
Township Elgin
Property / Lot Details
Lot Dimensions 4200
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 4 Story Unit/s
Number Of Units in Building 4
Property Type Two to Four Units

Financials

Financing Conventional
Investment Profile Residential Income
Water Expense $200

Tax/Assessments/Liens

PIN 0613560080
Special Assessments N
Taxes $5,544
Tax Year 2021
$429,999 Listing Price:
MLS # 11932306
Investment Profile Residential Income
Listing Market Time 107 days
Basement Partial, Walkout
Type Unit 4 Story Unit/s
Number of Units in Building 4
Parking None
List Date 11/16/2023
Year Built 1925
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