140 College Street
Elgin, IL 60120
- 6 beds
- 4 baths
- – sqft
- 10,890 sqft lot
- 1900 build
- – on site
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4 Unit Multifamily Property On A Corner Lot, In The Historic District Of Elgin Near Downtown. Freshly Painted Outside & Fully Compliant With All City Requirements. 2 Two Bedroom Units And 2 One Bedroom Units With Mainly Month To Month Leases Occupied By Longer Term Tenants! The Buyer Has the Option To Lock Current Tenants Into A Lease If The Rent Is Agreed To Market Rent Or Have The Flexibility With The Month To Month Lease To Get New Tenants Willing To Pay Higher Market Rent. Well Maintained Building! Great Cash Flow! 3 Of The Units Have Been Updated/Remodeled Within The Last Five Years Including Newer Appliances. Newer Water Heater, Appliances, Furnace, In Unit #3 With Hardwood Floors. Unit #4 Has Newer Fridge And Stove. Large Storage & Work Area In Basement. Newer Sump Pump. Newer Water & Sewer Service To Street. Newer Flat Roof Less Than 4 Years Old! Great Investment Opportunity! 100% Occupied! - Tenants pay the utilities upstairs and the landlord pays for the utilities for the downstairs units. Expenses listed are those paid by the landlord only, including $1000 a year estimated for landscaping and snow removal.
Listing courtesy of MRED / Keller Williams Infinity as distributed by MLS GRID
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Last updated May 4, 2024
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MLS# 11891597 —
Walk Score®
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Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
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).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
12/29/23
Dec 29, 2023
|
Sold | MRED | $470,000 | -10.5% |
12/27/23
Dec 27, 2023
|
Sold Subject To Contingencies | MRED | $525,000 | |
10/23/23
Oct 23, 2023
|
Price Changed | MRED | $525,000 | -4.5% |