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517 E Chicago Street

Elgin, Illinois 60120


Debra Secher
312.636.7000

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$200,000


Property Type
Multiple Family
Neighborhood
Elgin


Well maintained eight unit building with excellent cash flow! Great opportunity to buy a vintage building located in the Elgin Historic District at an affordable price! First floor unit has two bedrooms, balance of the building has one efficiency apartment on the first floor and six sleeping rooms on the second & third floors. Full basement with plenty of storage space, updated electrical service with circuit breakers, new water heater. Large paved parking lot, huge wooded lot backing to Channing Memorial Park with tennis courts, walking paths and playground. Dependable long-term tenants and solid money maker!



Full Features
Exterior Type: Frame
Basement: Unfinished
First Floor Master Bedroom: No
Fireplace: No
Pool: No
Square Feet: N/A
Tax Amount: $7,488
Built: 1885
Parking Spaces: 8
Stories: 3
Roof: Shingle Composition
Current Use: Residential-Multi-Family
Potential Use: Residential-Multi-Family
Zoning: MULTI
Current Net Income: $35,172
Unit 1: 4 room(s) / 2 bed(s) / 1 bath(s)
Unit 2: 3 room(s) / 0 bed(s) / 1 bath(s)
Unit 3: 1 room(s) / 0 bed(s) / 0 bath(s)


Taxes & Assessments
Taxes: $7,488

Listing Office: RE/MAX Horizon

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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 (0.81 miles away)






517 E Chicago Street Elgin, Illinois 60120 is a multiple family property, which sold for $200,000. Want to learn more about 517 E Chicago Street Elgin, Illinois 60120? Contact an @properties agent to request more info.


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