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$360,000
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319 Locust Street

ELGIN, Illinois 60123
Closed / MLS #9636048 / Multiple Family / Elgin
Listing information updated 9/7/2017 at 3:56am
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
Square Feet:
N/A
Acreage:
.25
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

Tax Amount:
$17,279
Tax Year:
N/A

Location

Zip Code:
60123
City:
Elgin
County:
Kane

Listing Office: Kale Realty

Listing Office Phone: 312.939.5253

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 9/7/2017 at 3:56am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.

Elgin, IL

The City of Elgin has been on a roll since it was founded in 1836. Attracting city dwellers and suburbanites, the bustling city is home to over 100,000 people and is one of the largest and fastest-growing cities in the state. A picturesque 1920s millworks building houses the State Street Market with...

Metra

Metra
Milwaukee District West line at Elgin Metra
$338,074
Average Sale Price
42
Average Days On The Market
100%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 319 Locust Street, Elgin, IL 60123

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319 Locust Street is a multiple family which sold for $360,000. This multiple family has been listed on @properties since May 23rd, 2017 and was built in 0000. The nearest transit stops include Elgin Metra Metra Milwaukee District West line.

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