6 N State Street

    Elgin, IL 60123
    • $210,000
    • STATUS: Active Under Contract
    • ON SITE: 41 days
    • MLS #: 10127767
    Under Contract
    UPDATED: 92 min ago
    $210,000
    • 3
      BEDS
    • 0.04
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1900
    County:
    Area:

    School Ratings & Info

    Description

    Great 3 unit on Elgins west side. Recently rehabbed including new kitchen, baths, paint, tile, etc. Cash flows like crazy. 2 rental units make 1820 per month on one year leases and full security deposits. Storefront currently used as office by owner but would bring another 900 per month of rental income. Tenants pay all utilities except water. Building is brick with and in great condition. Look at the CAP RATE 14% plus. Owner hates to sell, but needs to free things up for purchase of apartment complex. Their loss is your find.

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    © 2018 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 the MLS or Ani Real Estate. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Ani Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing broker. 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. Data last updated: 2018-12-12T23:50:16.073.

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    www.anirealestate.com/homes/89080012

    6 N State Street Elgin, IL 60123

    • Price: $210,000
    • Status: Active Under Contract
    • Updated: 92 min ago
    • MLS #: 10127767
    3
    Beds
    0
    Baths
    0
    ½ Baths
    0.04
    Acres
    1900
    Built
    Neighborhood:
    Elgin
    County:
    Kane
    Area:
    Elgin
    Property Description
    Great 3 unit on Elgins west side. Recently rehabbed including new kitchen, baths, paint, tile, etc. Cash flows like crazy. 2 rental units make 1820 per month on one year leases and full security deposits. Storefront currently used as office by owner but would bring another 900 per month of rental income. Tenants pay all utilities except water. Building is brick with and in great condition. Look at the CAP RATE 14% plus. Owner hates to sell, but needs to free things up for purchase of apartment complex. Their loss is your find.
    Exterior Features

    Cars 0 Exterior Building Type Brick Floor Unit1 1 Floor Unit2 2 Floor Unit3 2 Foundation Concrete Lot Dimensions 22X90 Lot Size Less Than .25 Acre Parking None Roof Type Flat Roof Type Multi 2 Flat Waterfront YN No

    Interior Features

    Appliances Features Unit1 None Appliances Features Unit2 StoveRefrigerator Appliances Features Unit3 StoveRefrigerator Basement Full Basement Description Unfinished Bedrooms Above Grade 3 Bedrooms Below Grade 0 Bedrooms Unit1 0 Bedrooms Unit2 2 Bedrooms Unit3 1 Full Baths In Building 2 Full Baths Unit1 0 Full Baths Unit2 1 Full Baths Unit3 1 Half Baths In Building 2 Half Baths Unit1 2 Half Baths Unit2 0 Half Baths Unit3 0 Heat Fuel GasHot Water/SteamBaseboard Rooms 10 Rooms Unit1 6 Rooms Unit2 5 Rooms Unit3 3

    Property Features

    3 Br Un In Bldg YN No Additional Sales Information None Age 100+ Years Agent Owned Interest YN No Built Before1978 YN Yes Contingency Flag Attorney/Inspection Corporate Limits Elgin Elementary Sch Dist 46 General Information None Gross Expenses 1750 Gross Rental Income 32640 High Sch Dist 46 Holds Earnest Money Yes Jr High Middle Dist 46 Lease Exp Date Mo Yr Unit1 Owne Lease Exp Date Mo Yr Unit2 04/19 Lease Exp Date Mo Yr Unit3 06/19 Net Oper Income 30890 New Construction No Ownership Fee Simple Possession Immediate Recent Rehab YN Yes Rent Unit1 Owne Rent Unit2 1070 Rent Unit3 750 Sec Deposit Unit1 Owne Sec Deposit Unit2 1070 Sec Deposit Unit3 550 Sewer Sewer-Public Special Assessments No Special Service Area N Tax Exemptions None Tax Year 2016 Taxes 3762.44 Tenant Pays Unit1 ElectricGasHeat Tenant Pays Unit2 ElectricGasHeat Tenant Pays Unit3 ElectricGasHeat Total Rental Income 32640 Total Units In Building 3 Township Elgin Water Public Zoning Type Multi

    Listing information © 2018 Midwest Real Estate Data LLC.
    Listing provided courtesy of Coldwell Banker Residential Brokerage.


    © 2018 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 the MLS or Ani Real Estate. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Ani Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing broker. 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. Data last updated: 2018-12-12T23:50:16.073.

    Digital Millennium Copyright Act
     
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