439 S State Street
Elgin, IL 60123

Status: Sold
Multi Family
4 beds
0 baths
0 sq.ft
Listing Price: $245,000
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About this home

MULTIPLE OFFERS RECEIVED-DEADLINE 5/26 AT 9:00 PM Fabulous investment opportunity in great shape and ready for new ownership. New hot water heater in 2020, new water line in 2020, upgraded electric in 2018, laundry onsite, new roof in 2007, new exterior staircase 2019, freshly painted, and many other upgrades. The wrap around porch and 2 car detached garage make this a great investment. Tenants are responsible for snow removal, electricity, and gas. Upper unit boiler replaced in 1998 and the lower unit boiler in 2022. New Driveway in 2017 and new windows installed systematically between 2015-2017. Property is in good condition and is being sold "as is". Transferable home warranty is good until 2027! Listing agent is related to the seller.

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building No
Approx Year Built 1900
Parking Total 6
Exterior Building Type Cedar
Parking On-Site Yes
Garage Ownership Owned
Garage Type Detached
Parking Spaces Count 2
Parking Features None
Garage On-Site Yes
Parking Ownership Owned
Parking Garage,Space/s
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
CommunityFeatures Sidewalks, Street Lights, Street Paved
Area Major Elgin
Corporate Limits Elgin
Directions rte 20 to rte 31 north - property on east side of 31
Elementary Sch Dist 46
Heat/Fuel Natural Gas, Sep Heating Systems - 2+, Indv Controls, Zoned
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 4
Bedrooms Possible 4
Baths Count 2
Full Baths in Building Count 2
Total Rooms 10
Units
unit 1
Beds Total 2
Baths Total 1
Actual Rent 1400
Appliances And Features Stove, Refrigerator, Window Air Conditioner
Full Baths Total 1
Lease Expiration Date NONE
Rooms Total 5
Security Deposit 1400
Tenant Pays Electric,Gas
Floor Number 1
unit 2
Beds Total 2
Baths Total 1
Actual Rent 1400
Appliances And Features Stove, Refrigerator, Window Air Conditioner
Full Baths Total 1
Lease Expiration Date 09/25
Rooms Total 5
Security Deposit 1400
Tenant Pays Electric,Gas
Floor Number 2
Property / Lot Details
Lot Dimensions 138X159X132X53
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 2 Flat
Number Of Units in Building 2
Property Type Two to Four Units

Financials

Financing FHA
Other Expenses 2 875
Other Expense Source Owner Projection
Rental Income 33600
Investment Profile Residential Income
Water Expense $960

Tax/Assessments/Liens

PIN 0624154005
Special Assessments N
Taxes $4,506
Tax Exemptions None
Tax Year 2022
$245,000 Listing Price:
MLS # 12061099
Investment Profile Residential Income
Listing Market Time 33 days
Basement Full
Type Unit 2 Flat
Number of Units in Building 2
Parking Garage,Space/s
List Date 05/23/2024
Year Built 1900
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