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102 S Liberty Street

Elgin, IL 60120
  • $315,000
  • STATUS: Active
  • ON SITE: 77 Days
  • MLS #: 11412126
UPDATED: 74 min ago
$315,000
  • 4
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1895
County:
Area:

School Information

Middle School:
High School:
School District:
46

Description

Gorgeous, well maintained INCOME GENERATING 3 flat near Downtown Elgin (1 block outside of the Historic District) boasting 2944 SQ FT! The perfect investment opportunity! 2 out of the 3 units are currently rented, UNIT 3 is recently vacant. So buyer could move in for now and then switch to the larger 2 bedroom unit once the current tenants are out and rent units 2 & 3 to family/ friends! ROOF IS NEW. Exterior & siding restored & repainted ~ 5 years ago. Plumbing was recently updated. All units have gorgeous hardwood floors throughout, separate entrances and parking spaces (currently unit 1 is utilizing the 2.5 car garage and units 2 & 3 have the exterior spaces.) Each unit has their own electric meter & cooking gas is paid for by tenants. Current landlord pays heat, water, & trash. Extra storage space & free laundry is provided in basement. Unit 1 is a 2 bd/ 2 bath and is the only unit located on the first floor. It is the largest unit of the 3, at 1500 sq. ft. Unit has lots of livable space- with a living room, family room (that could be converted to 3rd bedroom if needed) & a gorgeous formal dining room featuring a beautiful antique marble fireplace with gold inlay. Tenant of unit 1 currently pay $1k/ month in rent which is extremely low for the size/ quality of this unit- but tenant handles all property maintenance for landlord. (According to current market rent; rent could be adjusted to ~$2k) Units 2 and 3 are both 1 bd/ 1 bath units, located on the 2nd floor of property. Unit 2 is approximately 1100 sq. ft. The unit is very bright & open, featuring a generous sized living room and lots of closet space. Rent could be raised to $950- $1k. Unit 3 is ~ 400 sq. ft. with a good sized kitchen & smartly utilized dining area. (could be rented for ~$895) All appliances in units 1 & 2 were installed 2019- 2021 and the windows in units 2 & 3 were recently restored. Current water heater is from 2008 and working well, but owner will be leaving a new water heater for buyer to use once needed. Do not let this fantastic investment opportunity pass by. Schedule a showing today!

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© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ani Real Estate. Based on information submitted to the MRED as of 2022-08-12T12:03:36.86 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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102 S Liberty Street Elgin, IL 60120

  • Price: $315,000
  • Status: Active
  • On Site: 77 Days
  • Updated: 74 min ago
  • MLS #: 11412126
4
Beds
0
Baths
0
½ Baths
0.2
Acres
1895
Built
Neighborhood:
Elgin
County:
Kane
Area:
Elgin
Elementary School:
Channing Memorial Elementary Sch
Middle School:
Ellis Middle School
High School:
Elgin High School
School District:
46
Property Description
Gorgeous, well maintained INCOME GENERATING 3 flat near Downtown Elgin (1 block outside of the Historic District) boasting 2944 SQ FT! The perfect investment opportunity! 2 out of the 3 units are currently rented, UNIT 3 is recently vacant. So buyer could move in for now and then switch to the larger 2 bedroom unit once the current tenants are out and rent units 2 & 3 to family/ friends! ROOF IS NEW. Exterior & siding restored & repainted ~ 5 years ago. Plumbing was recently updated. All units have gorgeous hardwood floors throughout, separate entrances and parking spaces (currently unit 1 is utilizing the 2.5 car garage and units 2 & 3 have the exterior spaces.) Each unit has their own electric meter & cooking gas is paid for by tenants. Current landlord pays heat, water, & trash. Extra storage space & free laundry is provided in basement. Unit 1 is a 2 bd/ 2 bath and is the only unit located on the first floor. It is the largest unit of the 3, at 1500 sq. ft. Unit has lots of livable space- with a living room, family room (that could be converted to 3rd bedroom if needed) & a gorgeous formal dining room featuring a beautiful antique marble fireplace with gold inlay. Tenant of unit 1 currently pay $1k/ month in rent which is extremely low for the size/ quality of this unit- but tenant handles all property maintenance for landlord. (According to current market rent; rent could be adjusted to ~$2k) Units 2 and 3 are both 1 bd/ 1 bath units, located on the 2nd floor of property. Unit 2 is approximately 1100 sq. ft. The unit is very bright & open, featuring a generous sized living room and lots of closet space. Rent could be raised to $950- $1k. Unit 3 is ~ 400 sq. ft. with a good sized kitchen & smartly utilized dining area. (could be rented for ~$895) All appliances in units 1 & 2 were installed 2019- 2021 and the windows in units 2 & 3 were recently restored. Current water heater is from 2008 and working well, but owner will be leaving a new water heater for buyer to use once needed. Do not let this fantastic investment opportunity pass by. Schedule a showing today!
Exterior Features

Exterior Building Type Frame Exterior Features PatioPorch Foundation Details Concrete Perimeter Garage Onsite Yes Garage Ownersite Owned Garage Type Detached Is Parking Included In Price Yes Lot Size Less Than .25 Acre Multi Family Type 3 Flat Parking Details GarageSpace/S Parking Features Side ApronDriveway Parking Onsite Yes Parking Ownership Owned Parking Total 3 Roof Asphalt Waterfront YN No

Interior Features

Basement UnfinishedStorage Space Basement Bathrooms YN No Basement Details Full Bedrooms Below Grade 0 Bedrooms Total 4 Full Baths In Building 4 Half Baths In Building 0 Heating Natural GasForced Air Room Type DenSitting Room Rooms Total 15

Property Features

Additional Parcels YN No Age 100+ Years Built Before1978 YN Yes Community Features Sidewalks Corporate Limits Elgin General Information School Bus Service Insurance Expense 1300 Maintenance Expense 1500 Mls Actual Status Active New Construction YN No Other Equipment Co Detectors Ownership Fee Simple Rebuilt YN No Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 6206.14 Tax Year 2020 Total Numberof Unitsin Building 3 Township Elgin Type Two To Four Units Water Source Public

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of Baird & Warner.


© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ani Real Estate. Based on information submitted to the MRED as of 2022-08-12T12:03:36.86 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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