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6 N State ST Elgin, IL 60123
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Key Details
Sold Price $210,600
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 10127767
Sold Date 12/20/18
Bedrooms 3
Year Built 1900
Annual Tax Amount $3,762
Tax Year 2016
Lot Size 1,742 Sqft
Lot Dimensions 22X90
Property Sub-Type Two to Four Units
Property Description
Great 3 unit on Elgins west side. Recently rehabbed including new kitchen, baths, paint, tile, etc. Cash flows like crazy. 2 rental units make 1820 per month on one year leases and full security deposits. Storefront currently used as office by owner but would bring another 900 per month of rental income. Tenants pay all utilities except water. Building is brick with and in great condition. Look at the CAP RATE 14% plus. Owner hates to sell, but needs to free things up for purchase of apartment complex. Their loss is your find.
Location
State IL
County Kane
Area Elgin
Zoning MULTI
Rooms
Basement Full
Interior
Heating Natural Gas, Steam, Baseboard
Fireplace N
Exterior
Roof Type Flat
Building
Sewer Public Sewer
Water Public
New Construction false
Schools
School District 46 , 46, 46
Others
Ownership Fee Simple
Special Listing Condition None
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Bought with Class Realtors