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    501 W Highland Avenue

    Elgin, IL 60123
    • $379,997
    • STATUS: Active
    • ON SITE: 28 days
    • MLS #: 11194462
    UPDATED: 80 min ago
    $379,997
    • 4
      BEDS
    • 0.25
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    46

    Description

    GREAT INVESTMENT OPPORTUNITY OF 4K/MONTH. Historic 4 flat in the heart of downtown Elgin. Units 1 & 4 were rehabbed last year with new appliances, flooring, quartz countertops, and flooring. Three tenants are on month-to-month leases waiting for yearly leases of your choice to be put in place. Unit 4 with a lease ending in May 2022. Owner pays for water only. The property is professionally managed with the opportunity to continue under current local management. Walking distance to downtown Elgin with metra transportation into Union Station, shopping, and entertainment. A hidden gem for investors seeking property in a fast growing area with a rising rental market , 40 miles west of Chicago.

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    © 2021 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 The Dena Furlow Team - Keller Williams Realty. Based on information submitted to the MRED as of 2021-09-17T08:27:24.123 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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    501 W Highland Avenue Elgin, IL 60123

    • Price: $379,997
    • Status: Active
    • Updated: 80 min ago
    • MLS #: 11194462
    4
    Beds
    0
    Baths
    0
    ½ Baths
    0.25
    Acres
    Neighborhood:
    Elgin
    County:
    Kane
    Area:
    Elgin
    Elementary School:
    Highland Elementary School
    Middle School:
    Kimball Middle School
    High School:
    Larkin High School
    School District:
    46
    Property Description
    GREAT INVESTMENT OPPORTUNITY OF 4K/MONTH. Historic 4 flat in the heart of downtown Elgin. Units 1 & 4 were rehabbed last year with new appliances, flooring, quartz countertops, and flooring. Three tenants are on month-to-month leases waiting for yearly leases of your choice to be put in place. Unit 4 with a lease ending in May 2022. Owner pays for water only. The property is professionally managed with the opportunity to continue under current local management. Walking distance to downtown Elgin with metra transportation into Union Station, shopping, and entertainment. A hidden gem for investors seeking property in a fast growing area with a rising rental market , 40 miles west of Chicago.
    Exterior Features

    Architectural Style Farmhouse Exterior Building Type Aluminum Siding Exterior Features Porch Foundation Details BlockStone Is Parking Included In Price Yes Lot Features Corner Lot Lot Size .25-.49 Acre Multi Family Type 4 Flat2 Story Unit/S Other Structures None Parking Space/S Parking Features UnassignedOff Street Parking Onsite Yes Parking Ownership Owned Parking Total 7 Roof Asphalt Waterfront YN No

    Interior Features

    Basement Unfinished Basement Details Full Bedrooms Below Grade 0 Bedrooms Total 4 Full Baths In Building 4 Half Baths In Building 0 Heating Natural Gas Rooms Total 11

    Property Features

    Additional Parcels YN No Age Unknown Built Before1978 YN Yes Corporate Limits Elgin General Information None Gross Income 46800 New Construction YN No Ownership Fee Simple Rebuilt YN No Rehab Year 2020 Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 5721.74 Tax Year 2020 Total Numberof Unitsin Building 4 Total Rental Income 3900 Township Elgin Type Two To Four Units Water Source Public Zoning Multi

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Compass.


    © 2021 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 The Dena Furlow Team - Keller Williams Realty. Based on information submitted to the MRED as of 2021-09-17T08:27:24.123 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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    Naperville IL, 60540