167 Cherry St

1,656 Sq. Ft.
$154 / Sq. Ft.
1,656
Sq. Ft.
$154
per Sq. Ft.

Description

This 2-unit property presents a fantastic investment opportunity. With the same tenants happily residing for 2 years and eager to stay, the property offers steady rental income. Recent improvements include updated plumbing in 2024, ensuring modern sewer piping. Both units feature new appliances, including refrigerators, water heaters, and stoves, and were remodeled prior to the current tenants' move-in. Tenants pay their own gas and electric, while the owner covers the water bill. Each unit also...This 2-unit property presents a fantastic investment opportunity. With the same tenants happily residing for 2 years and eager to stay, the property offers steady rental income. Recent improvements include updated plumbing in 2024, ensuring modern sewer piping. Both units feature new appliances, including refrigerators, water heaters, and stoves, and were remodeled prior to the current tenants' move-in. Tenants pay their own gas and electric, while the owner covers the water bill. Each unit also comes with a detached garage, providing added value. With these updates and reliable tenants, this property is a great long-term investment.
  1. Listed by Maria Tamayo • Luna Real Estate Inc.
    P: (224)-659-4676 C: (224)-659-4676 mariarealtor09@gmail.com
  2. Listed by Diana Gonzalez • Luna Real Estate Inc.
    P: (224)-775-7226 C: (224)-775-7226 dianarealtor07@gmail.com

Sold By A&O Dream Key Real Estate

Property Details for 167 Cherry Street

Area
Elgin
Township
Elgin
Ownership
Fee Simple
Num Of Garage Spaces
2.0
Num Of Parking Spaces
2.0
Heat/Fuel
Natural Gas
LISTING UPDATED: 05/14/2025 03:37 AM

Property Details for 167 Cherry Street

StatusClosed
MLS #12307747
Days on Market51
Taxes$4,881 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 2 Flat
Year Built1865
Lot Size0.14 AC / 6,110 SF
CountyKane County

Location

Add your commute

Building Information for 167 Cherry Street

Stories-Residences2Year Built1865Building Size-Lot Size0.14 AC / 6,110 SF

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$1,644 per month

30 year fixed, 6.11% Interest

Principal and Interest

$1,238

Property Taxes

$407

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 167 Cherry Street

General Information
School Information
  • Elementary School District: 46
  • High School District: 46
  • Middle Or Junior School District: 46
Addtl Parking Information
  • Parking Details: On Site, Garage Owned, Detached, Garage
Property Information
Interior Features
  • Num Of Rooms: 10
  • Bedrooms Total: 4
  • Bedrooms (Below Grade): 0
  • Basement Type: Finished, Full
  • Bedrooms Possible: 4
  • # Full Baths in Building: 2
  • # Half Baths in Building: 0
  • Num of Baths: 2.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Public
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2000
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 47 X 130
  • Total # Units in Building: 2.0
  • Waterfront: No
  • Construction: Other
  • General Information: School Bus Service
  • 3 Br Un In Bldg: No
Property and Assessments
  • Buyer Financing: Conventional, Cash
  • Public Document Count: 1
  • Document Date: 2025-03-12T00:40:12
  • Photos Count: 25
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Gross Income: $33,600.00
Unit 1
  • Unit Type Actual Rent: $1,450.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 05/25
Unit 2
  • Unit Type Actual Rent: $1,350.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 05/25

Property History for 167 Cherry Street

DateEvent & SourcePriceAppreciation
May 12, 2025

Sold

MRED #12307747

$255,000
May 1, 2025

Pending

MRED #12307747

May 1, 2025

Contingent

MRED #12307747

Apr 15, 2025

Price Change

MRED #12307747

$270,000
Mar 12, 2025

Listed (Active)

MRED #12307747

$280,000
Feb 12, 2025

Sold (Public Record)

Public Record #1557327433

$255,000

+19.4% / yr

Mar 17, 2023

Sold

MRED #11679481

$180,000
Feb 24, 2023

Sold (Public Record)

Public Record #1507606233

$180,000
Jan 13, 2023

Pending

MRED #11679481

Jan 13, 2023

Contingent

MRED #11679481

Jan 6, 2023

Price Change

MRED #11679481

$190,000
Dec 9, 2022

Listed (Active)

MRED #11679481

$215,000
DateEvent & SourcePrice
05/12/2025

Sold

MRED #12307747

$255,000
05/01/2025

Pending

MRED #12307747

05/01/2025

Contingent

MRED #12307747

04/15/2025

Price Change

MRED #12307747

$270,000
03/12/2025

Listed (Active)

MRED #12307747

$280,000
02/12/2025

Sold (Public Record)

Public Record #1557327433

$255,000

+19.4% / yr

03/17/2023

Sold

MRED #11679481

$180,000
02/24/2023

Sold (Public Record)

Public Record #1507606233

$180,000
01/13/2023

Pending

MRED #11679481

01/13/2023

Contingent

MRED #11679481

01/06/2023

Price Change

MRED #11679481

$190,000
12/09/2022

Listed (Active)

MRED #11679481

$215,000

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

Public Records for 167 Cherry Street

Taxable ValueLand$9,249Additions$54,132Total$63,381
Tax Record2024$4,432 ($369 / month)
Home Facts
Beds4Total Finished SqFt1,656 SqFtAbove Grade Finished SqFt1,656 SqFtStories2Lot Size6,435 SqFtStyleSingle Family ResidenceYear Built1865CountyKANEAPN06-14-229-006

Schools near 167 Cherry 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
Mckinley Elementary School
PublicK to 6

Larsen Middle School
Public7 to 8

Elgin 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.

Neighborhood Map and Transit

Similar Homes

Similar Sold Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Luna Real Estate Inc.

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 05/14/2025 03:37 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.