372 St Charles Street
Elgin, IL 60120

Status: Sold
Multi Family
6 beds
0 baths
0 sq.ft
Listing Price: $325,000
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About this home

Beautiful Victorian 2 unit building within walking distance of downtown. It has a great front porch, two car garage, hardwood flooring and some original woodwork. Main floor unit has over 1000 SF with 2 Bedrooms, hardwood floors, natural woodwork and doors, high ceilings and updated Kitchen and Bath. Second floor unit has approx. 1500 SF with 4 Bedrooms, 1.5 Baths and two roof deck/porches. Plenty of parking at rear along with a two car garage. Behind the garage is a huge fenced yard area. Shared driveway. Terrific income with separate gas and electric (2 boilers, 2 hot water heaters and 2 updated electrical panels. Updated plumbing. This is an investor building with both units on leases into 2025.

Property details

Property / Lot Details
Acreage 0.25
Lot Dimensions 36X242
Lot Description Irregular Lot
Lot Size Less Than .25 Acre
Ownership Fee Simple
Style of House Victorian
Type Unit 2 Flat
Number Of Units in Building 2
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 1904
Parking Total 2
Exterior Building Type Cedar,Frame
Foundation Block
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 Sidewalks, Street Lights, Street Paved
Area Major Elgin
Zoning Type MULTI
Corporate Limits Elgin
Directions Route 20 to Route 25 Exit to St. Charles St., N. to property
Equipment TV-Cable
Green Supporting Documents N
Energy/Green Building Rating Source Other
Elementary Sch Dist 46
Heat/Fuel Natural Gas, Steam
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 3
Full Baths in Building Count 2
Half Baths in Building Count 1
Total Rooms 9
Units
unit 1
Beds Total 2
Baths Total 1
Actual Rent 1500
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date 03/25
Rooms Total 4
Security Deposit 1500
Tenant Pays Electric,Gas
Floor Number 1
Square Feet 1000
unit 2
Beds Total 4
Baths Total 2
Actual Rent 1900
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Half Baths Total 1
Lease Expiration Date 05/25
Rooms Total 6
Security Deposit 1900
Tenant Pays Electric,Gas
Floor Number 2
Square Feet 1500

Financials

Financing Conventional
Gross Rental Income $40,800
Insurance Expense $3,000
Insurance Expense Source Broker Projection
Net Oper Income $29,362
Rental Income 40800
Investment Profile Residential Income
Water Expense $2,800

Tax/Assessments/Liens

PIN 0624201019
Special Assessments N
Taxes $5,638
Tax Exemptions None
Tax Year 2023
$325,000 Listing Price:
MLS # 12096107
Investment Profile Residential Income
Listing Market Time 53 days
Basement Full
Type Unit 2 Flat
Number of Units in Building 2
Parking Garage
List Date 06/27/2024
Year Built 1904
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