Closed

319 Locust Street

Elgin, Illinois 60123


Chris J. Secaur
773.453.5351

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$360,000


Property Type
Multiple Family
Neighborhood
Elgin


This 7-Unit Income Property is a Fantastic Earnings Opportunity with up to a 40% CASH-on-CASH Return and a 9.91% Cap Rate! A Brick Build that Comes Complete with 9 Garage Spaces and 100% Occupancy! 6 Units are 2 Bedroom, One Full Bath, and 1 Unit is 3 Bedroom, 2 Full Baths. As Our Rental Prices are Artificially Low, Investors can Expect an Even Higher Return! Our Capitalization Rate is One of the Best in the Area! Unit #2 and #4 Were Recently Updated! Tenants Pay for Electricity. Furnace is 7 Years New. Make Us an Offer! Two PINs for the Lot: 0614476013, 0614476029



Full Features
Exterior Type: Brick
First Floor Master Bedroom: No
Fireplace: No
Pool: No
Square Feet: N/A
Tax Amount: $17,279
Built: 0000
Parking Spaces: 19
Stories: 2
Roof: Shingle Composition
Current Use: Residential-Multi-Family
Potential Use: Residential-Multi-Family
Zoning: MULTI
Current Net Income: $38,600
Unit 1: 5 room(s) / 2 bed(s) / 1 bath(s)
Unit 2: 5 room(s) / 3 bed(s) / 2 bath(s)
Unit 3: 5 room(s) / 2 bed(s) / 1 bath(s)


Taxes & Assessments
Taxes: $17,279

Listing Office: Kale Realty

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Elgin

The city of Elgin has been on a roll since it was founded in 1836. Attracting city and suburbanites, the bustling city 35 miles northwest of Chicago is home to over 100,000 people. It is one of the largest and…

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Nearby Public Transportation

Metra
Milwaukee District West

at Elgin Metra (0.23 miles away)






319 Locust Street Elgin, Illinois 60123 is a multiple family property, which sold for $360,000. Want to learn more about 319 Locust Street Elgin, Illinois 60123? Contact an @properties agent to request more info.


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