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    271 North Street

    Elgin, IL 60120
    • $350,000
    • STATUS: Active
    • ON SITE: 25 days
    • MLS #: 11203415
    UPDATED: 48 min ago
    $350,000
    • 6
      BEDS
    • 0.3
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:
    Area:

    School Information

    Middle School:
    High School:
    School District:
    46

    Description

    GREAT investment opportunity in the HISTORIC district of Elgin. 9% cap rate and net cash flow is over 1k per month! Sellers own entire building (271 & 273). Located near local restaurants/recreation center/ library. All units are occupied and some units have had the same tenant since 2010! New roof 2004. Only showing 2/4 units (273 units 1 and 2) with the option to show the 3 bedroom unit (271 unit 2) if you can show it from 1:30-3:30 PM. SERIOUS BUYERS ONLY!!!!!!!

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    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or John Lyons Real Estate | Baird & Warner. Based on information submitted to the MRED as of 2021-09-23T23:01:15.743 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    271 North Street Elgin, IL 60120

    • Price: $350,000
    • Status: Active
    • Updated: 48 min ago
    • MLS #: 11203415
    6
    Beds
    0
    Baths
    0
    ½ Baths
    0.3
    Acres
    Neighborhood:
    Elgin
    County:
    Kane
    Area:
    Elgin
    Elementary School:
    Channing Memorial Elementary Sch
    Middle School:
    Larsen Middle School
    High School:
    Central School Program
    School District:
    46
    Property Description
    GREAT investment opportunity in the HISTORIC district of Elgin. 9% cap rate and net cash flow is over 1k per month! Sellers own entire building (271 & 273). Located near local restaurants/recreation center/ library. All units are occupied and some units have had the same tenant since 2010! New roof 2004. Only showing 2/4 units (273 units 1 and 2) with the option to show the 3 bedroom unit (271 unit 2) if you can show it from 1:30-3:30 PM. SERIOUS BUYERS ONLY!!!!!!!
    Exterior Features

    Exterior Building Type Masonite Foundation Details Concrete Perimeter Is Parking Included In Price Yes Lot Size .25-.49 Acre Multi Family Type 4 Flat Parking Space/S Parking Features Driveway Parking Onsite Yes Parking Ownership Owned Parking Total 8 Roof Asphalt Waterfront YN No

    Interior Features

    Basement Unfinished Basement Details English Bedrooms Below Grade 0 Bedrooms Total 6 Full Baths In Building 4 Half Baths In Building 0 Heating Natural GasForced Air Rooms Total 18

    Property Features

    Age 100+ Years Built Before1978 YN Yes Community Features CurbsSidewalks Corporate Limits Elgin General Information School Bus ServiceCommuter Bus Gross Income 43200 Insurance Expense 1600 Net Operating Income 31675 New Construction YN No Other Equipment Multiple Water Heaters Ownership Fee Simple Rebuilt YN No Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 6553.62 Tax Year 2020 Total Numberof Unitsin Building 4 Total Rental Income 3600 Township Elgin Type Two To Four Units Water Source Public Zoning Multi

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Re/Max Destiny.


    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or John Lyons Real Estate | Baird & Warner. Based on information submitted to the MRED as of 2021-09-23T23:01:15.743 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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