Sold
Last Sold Price
112 N Spring St, Elgin, IL 60120
Multi FamilyProperty Type
4,356 sq ftLot Size
1962Year Built
6 carsParking Spaces

Description

10 unit studio building with first floor office space with 11 rooms (this was rented for $750 but is now vacant). Beautiful Brick and Stone building with basement and parking lot in rear. Tenants pay for their own cooking gas. Boiler was replaced a few years ago and electric pnales were new in 1999. Building shows well.10 unit studio building with first floor office space with 11 rooms (this was rented for $750 but is now vacant). Beautiful Brick and Stone building with basement and parking lot in rear. Tenants pay for their own cooking gas. Boiler was replaced a few years ago and electric pnales were new in 1999. Building shows well.

    Sold By RE/MAX All Pro

    • Listed by: Jeff 847.695.6040 jeff@preferredhomesrealty.com • Preferred Homes Realty
    Listing closed: 05/30/2012 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 08013187

    Location

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    Principal and Interest

    $1,601

    Property Taxes

    $1,104

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    Property Information for 112 North Spring Street

    Property Details
    • Taxes: $13,242 / year
    • MLS Type: Multi Family 5+ / Corridor-Interior Entrance
    • County: Kane County
    • Area: Elgin
    • Township: ELGIN
    • Zoning: MULTI
    Building Information
    • Stories: 3
    • Residences: 10
    • Year Built: 1962
    • Lot Size: 0.10 AC / 4,356 SF
    General Information
    Addtl Parking Information
    • Outdoor Parking: 6-12 Spaces
    • Open Parking Spaces: 6.0
    Location and General Information
    • Frontage Type: City Street
    • Information: 24-Hr Notice Required
    Taxes and HOA Information
    • Additional Parcels: No
    Property Information
    Interior Features
    • Electric: Circuit Breakers
    • Heat/Ventilation: Central Bldg Heat,Radiators
    • # Of Refrigerators: 10
    • Num of Baths: 10.1
    Property/Lot Information
    • Tenant Pays: Electricity
    • Built Before 1978: Yes
    • Approximate Age: 36-50 Years
    • Multi-Family Type: Corridor-Interior Entrance
    • Lot Dimensions: 75X60
    • Stories: 3
    • Exterior Building Type: Wood Frame, Brick, Stone
    • Construction: Wood Frame
    • Roof Type: Tar and Gravel
    • Roof Structure: Flat
    • Foundation Details: Concrete Perimeter
    • Building Area Total: 5520
    • # Of Ranges: 10
    Property and Assessments
    • Photos Count: 1
    Virtual Tour/Additional Media
    • Virtual Tour: None
    • Virtual Tour YN: No
    Multi Family
    Multi-Family Information
    • Number Of Units Total: 10
    Income & Expenses
    • Electric Expense: $755.00
    • Fuel Expense: $4,056.00
    • Gross Income: $71,400.00
    • Gross Scheduled Income: $71,400.00
    • Insurance Expense: $1,500.00
    • Maintenance Expense: $1,570.00
    • Electric Expense Source: Actual
    • Expense Year: 2011
    • Total Annual Expense Source: Actual
    • Fuel Expense Source: Actual
    • Insurance Expense Source: Broker Projection
    • Janitor Expense: 670
    • Net Operating Income Year: 2011
    • Repairs-Decor Expense Source: Actual
    • Trash Expense Source: Actual
    • Total Monthly Income: 5950
    • Water Expense Source: Actual
    • Net Operating Income: $59,171.00
    • Operating Expense: $12,229.00
    • Other Expense: $.00
    • Trash Expense: $1,178.00
    • Water Sewer Expense: $2,500.00
    Unit 1
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 1
    • Unit Type Units Total: 10
    Unit 2
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 2
    • Unit Type Units Total: 1
    Unit 3
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 3
    • Unit Type Units Total: 0
    Unit 4
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 4
    • Unit Type Units Total: 0
    Unit 5
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 5
    • Unit Type Units Total: 0
    Unit 6
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 6
    • Unit Type Units Total: 0
    Unit 7
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 7
    • Unit Type Units Total: 0

    Property History for 112 North Spring Street

    DateEvent & SourcePriceAppreciation
    May 30, 2012

    Sold

    MRED #08013187

    $315,000
    Mar 14, 2012

    Pending

    MRED #08013187

    Mar 7, 2012

    Listed (Active)

    MRED #08013187

    $349,900
    DateEvent & SourcePrice
    05/30/2012

    Sold

    MRED #08013187

    $315,000
    03/14/2012

    Pending

    MRED #08013187

    03/07/2012

    Listed (Active)

    MRED #08013187

    $349,900

    For completeness, we often displays two records for one sale: the MLS record and the public record.

    Schools near 112 North Spring Street

    This home is within School District U-46.
    Rating
    School
    Type
    Grades
    Distance
    Public - K to 6
    Public - 7 to 8
    Public - 9 to 12
    Public - 6 to 12
    Rating
    School
    Distance
    Ronald D O'Neal Elementary School
    PublicK to 6

    Kimball Middle School
    Public7 to 8

    Larkin High School
    Public9 to 12

    Central School Program
    Public6 to 12

    School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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    No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

    Listing Courtesy of Preferred Homes Realty

    Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 05/05/2021 04:33 AM. 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.