370 Algona Avenue
Elgin, IL 60120

Status: Sold
Multi Family
6 beds
0 baths
0 sq.ft
Listing Price: $580,000
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About this home

Investment opportunity!!This 4-unit property boasts positive cash flow, making it a great addition to any portfolio. Each unit is meticulously maintained and fully occupied, ensuring a steady stream of income. With a convenient location, strong rental history, and potential for further growth. Don't miss out on this turnkey investment gem!

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 81-90 Years
3 Bedroom Unit in Building Yes
Approx Year Built 1934
Parking Total 5
Exterior Building Type Other
Parking On-Site Yes
Garage Ownership Owned
Garage Type Attached
Parking Spaces Count 5
Parking Garage
Rehab Year 2023
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major Elgin
Zoning Type MULTI
Corporate Limits Elgin
Directions 25 past kimball to Algona West
Elementary Sch Dist 46
Heat/Fuel Natural Gas, Radiant
High Sch Dist 46
Sewer Public Sewer
Water Public
Jr High/Middle Dist 46
Township Elgin
Interior Features
Basement Description Unfinished
Basement Full
Bedrooms Count 6
Bedrooms Possible 6
Baths Count 4
Full Baths in Building Count 4
Total Rooms 16
Units
unit 1
Beds Total 3
Baths Total 1
Actual Rent 1400
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date 2/25
Rooms Total 5
Tenant Pays Electric,Gas
Floor Number 1
Square Feet 1000
unit 2
Beds Total 2
Baths Total 1
Actual Rent 1250
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date 6/24
Rooms Total 5
Tenant Pays Electric,Gas
Floor Number 2
Square Feet 1000
unit 3
Beds Total 1
Baths Total 1
Actual Rent 900
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date 12/24
Rooms Total 3
Security Deposit 800
Tenant Pays Electric,Gas
Floor Number 1
Square Feet 700
unit 4
Beds Total 1
Baths Total 1
Actual Rent 1200
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date 9/24
Rooms Total 3
Security Deposit 800
Tenant Pays Electric,Gas
Floor Number 1
Square Feet 700
Property / Lot Details
Lot Dimensions 65 130
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 2 Flat, Coach House, Other
Number Of Units in Building 4
Property Type Two to Four Units

Financials

Financing Conventional
Investment Profile Residential Income

Tax/Assessments/Liens

Multiple Pin Numbers Yes
PIN 0612330016
Special Assessments N
Taxes $12,089
Tax Exemptions None
Tax Year 2023
$580,000 Listing Price:
MLS # 12048550
Investment Profile Residential Income
Listing Market Time 46 days
Basement Full
Type Unit 2 Flat, Coach House, Other
Number of Units in Building 4
Parking Garage
List Date 05/09/2024
Year Built 1934
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