140 College Street
Elgin, IL 60120
- 6 beds
- 4 baths
- – sqft
- 10,890 sqft lot
- – on site
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FOUR UNIT IN GOOD CONDITION AND LOCATED IN THE HISTORIC DISTRICT NEAR DOWNTOWN. 2 TWO BEDROOM UNITS AND 2 ONE BEDROOM UNITS ALL WITH YEARLY LEASES AND LONGER TERM TENANTS. GREAT CASH FLOW. MORE THAN 8% NET ROI. MUCH WORK HAS BEEN RECENTLY COMPLETED HOWEVER SOLD AS-IS. 3 OF THE UNITS HAVE BEEN UPDATED / REMODELED WITHIN THE LAST THREE YEARS. NEWER APPLIANCES. REPAINTED. SOME EXTERIOR SIDING REPLACED AND REPAINTED. NEW WATER AND SEWER SERVICE TO STREET. NEW WATER HEATER AND FURNACE IN UNIT #3. LARGE STORAGE AND WORK AREA IN BASEMENT. NEW SUMP PUMP. BUILDING CURRENTLY UNDER TWO YEAR APPROVAL FROM THE CITY AS NO VIOLATIONS FOUND DURING LAST INSPECTION. NEW FLAT ROOF WILL BE INSTALLED PRIOR TO CLOSING. ( RECENT STORM DAMAGE.) GREAT INVESTMENT OPPORTUNITY! MINIMUM 24 HOUR ADVANCE ON SHOWINGS. PROOF OF FUNDS / PRE-APPROVAL REQUIRED BEFORE ALL SHOWINGS WILL BE SCHEDULED. NO FHA. TWO GROUND FLOOR UNITS WILL BE SHOWN ON THE FIRST APPOINTMENT. LISTING AGENT MUST ACCOMPANY ALL SHOWINGS AND WILL PROVIDE ACCESS. NO LOCKBOX. DO NOT DISTURB TENANTS. FOLLOW COVID 19 GUIDELINES. MUST WEAR A MASK TO ACCESS UNITS. OWNER IS LICENSED BROKER.
Listing courtesy of MRED / The Promised Land Co. as distributed by MLS GRID
Last checked:
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Last updated Jun 7, 2024
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MLS# 10850691 —
The Building
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Rebuilt:No
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New Construction:false
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Roof:Rubber
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Basement:Partial
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Foundation Details:Concrete Perimeter,Stone
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Exterior Features:Porch
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Other Equipment:Multiple Water Heaters
Interior
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Rooms Total:13
Location
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Directions:DUNDEE AVE SOUTH OF KIMBALL TO PARK ST EAST TO COLLEGE. BUILDING IS AT THE CORNER OF COLLEGE AND PARK. DRIVEWAY IS OFF PARK STREET.
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Location:21496
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Location:22205
The Property
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Parcel Number:0613156010
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Property Type:Residential Income
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Lot Features:Corner Lot
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Lot Size Dimensions:52X91
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Lot Size Acres:0.25
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Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (630) 404-1374
- Office phone:
- (312) 335-1760
Taxes
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Tax Year:2018
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Tax Annual Amount:5977.78
Beds
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Bedrooms Total:6
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Bedrooms Possible:6
Baths
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Baths:4
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Full Baths:4
The Listing
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Short Sale:Not Applicable
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Special Listing Conditions:List Broker Must Accompany
Heating & Cooling
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Heating:Natural Gas,Forced Air
Utilities
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Sewer:Public Sewer
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Water Source:Public
Schools
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Elementary School District:46
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Middle Or Junior School District:46
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High School District:46
The Community
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Community Features:Curbs,Sidewalks,Street Lights,Street Paved
Parking
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Parking Total:3
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Parking Features:Unassigned,Off Street
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Parking Onsite:Yes
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Parking Ownership:Owned
Extra Units
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Unit 1 Full Baths:1
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Unit 2 Full Baths:1
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Unit 3 Full Baths:1
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Unit 4 Full Baths:1
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
View a full reportThis is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
12/29/23
Dec 29, 2023
|
MRED | $470,000 | -10.5% | |
12/27/23
Dec 27, 2023
|
MRED | $525,000 | ||
10/23/23
Oct 23, 2023
|
MRED | $525,000 | -4.5% |