Sold for $302,000 on 2/11/22
| Beds |
Baths |
Built |
Sq.Ft. |
Garage |
Taxes |
On Market |
| 4 |
— |
|
— |
0 |
$5,722 |
1228 days |
GREAT INVESTMENT OPPORTUNITY OF 4K/MONTH. Historic 4 flat in the heart of downtown Elgin. Units 1 & 4 were rehabbed last year with new appliances, quartz countertops, and flooring. Three tenants are on month-to-month leases waiting for yearly leases of your choice to be put in place. Unit 4 with a lease ending in May 2022. Owner pays for water (200-250$/month) and heat (5 months out of the year) The property is professionally managed with the opportunity to continue under current local management. Walking distance to downtown Elgin with metra transportation into Union Station, shopping, and entertainment. A hidden gem for investors seeking property in a fast growing area with a rising rental market , 40 miles west of Chicago.
Listing courtesy of Compass
501 W Highland Ave. is a multi-unit home, and is located in Elgin, IL. It has 4 bedrooms and — bathrooms, and has annual property taxes of $5,722. This home goes to Highland Elementary School, Kimball Middle School, and Larkin High School.
Marco Amidei
(888) 32-Marco (847) 630-4886
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