316 Lawrence Ave

Elgin, IL 60123

$500,000
Price
4
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
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Description

We are pleased to offer this 5 unit apartment building. The owners have several long term tenants. The building has a basement and 5 car garage. The roof was new about 2 year ago. Updated railings to apartments 4 & 5 in past few years. #5 was recently remodeled.We are pleased to offer this 5 unit apartment building. The owners have several long term tenants. The building has a basement and 5 car garage. The roof was new about 2 year ago. Updated railings to apartments 4 & 5 in past few years. #5 was recently remodeled.
  1. Listed by Jeff Kellenberger • Preferred Homes Realty
    P: (847)-695-6040 C: (847)-456-3377 jeff@preferredhomesrealty.com

Property Details for 316 Lawrence Avenue

Area
Elgin
Township
Elgin
Num of Interior Fireplaces
0
Zoning
MULTI
LISTING UPDATED: 06/03/2026 12:06 AM

Property Details for 316 Lawrence Avenue

StatusActive
MLS #12653994
Days on Market12
Taxes$8,679 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Exterior Entrance
Year Built1863
Lot Size0.20 AC / 8,712 SF
CountyKane County
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Location

Listing Courtesy of Preferred Homes Realty
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Building Information for 316 Lawrence Avenue

Stories2Residences5Year Built1863Building Size-Lot Size0.20 AC / 8,712 SF

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$3,215 per month

30 year fixed, 6.36% Interest

Principal and Interest

$2,492

Property Taxes

$723

HOA Dues

$0

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Property Information for 316 Lawrence Avenue

General Information
Addtl Parking Information
  • Indoor Parking: 1-5 Spaces
  • Outdoor Parking: 1-5 Spaces
Location and General Information
  • Frontage Type: City Street
  • Information: 24-Hr Notice Required,List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Electric: Separate Meters
  • # Of Washers: 0
  • Heat/Ventilation: Steam
  • # Of Refrigerators: 5
  • # Of Dryers: 0
  • # Of Dishwashers: 0
  • Num of Baths: 5.0
Property/Lot Information
  • Tenant Pays: Air Conditioning, Electricity
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Corridor-Exterior Entrance
  • Lot Size Source: County Records
  • Lot Dimensions: 66x132
  • Stories: 2
  • Exterior Building Type: Wood, Frame
  • Construction: Wood, Frame
  • Roof Type: Composition
  • Roof Structure: Pitched
  • Building Area Total: 2634
  • # Of Ranges: 5
  • MRD_UNC: No
Property and Assessments
  • Possible Use: Single Family
  • Buyer Financing: Conventional
  • Documents Available: Rent Roll,Tenant Lease(s)
  • Public Document Count: 2
  • Document Date: 2026-05-28T15:49:19
  • Photos Count: 8
Miscellaneous
  • Current Use: Multi-Family
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 5
Income & Expenses
  • Electric Expense: $1,178.00
  • Fuel Expense: $2,561.00
  • Gross Income: $49,500.00
  • Gross Scheduled Income: $49,500.00
  • Insurance Expense: $2,794.00
  • Maintenance Expense: $783.00
  • Manager Expense: $.00
  • Electric Expense Source: Actual
  • Known Encumbrances: None Known
  • Expense Year: 2025
  • Total Annual Expense Source: Actual
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Janitor Expense: 0
  • Other Expense Source: Actual
  • Repairs-Decor Expense Source: Actual
  • Total Monthly Income: 4125
  • Water Expense Source: Actual
  • Net Operating Income: $30,280.00
  • Operating Expense: $10,541.00
  • Other Expense: $525.00
  • Trash Expense: $.00
  • Water Sewer Expense: $3,225.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 4
Unit 2
  • Unit Type Baths Total: 1
  • 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 316 Lawrence Avenue

DateEvent & SourcePriceAppreciation
May 28, 2026

Listed (Active)

MRED #12653994

$500,000—
DateEvent & SourcePrice
05/28/2026

Listed (Active)

MRED #12653994

$500,000

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

Schools near 316 Lawrence Avenue

This home is within School District U-46.
Rating
School
Type
Grades
Distance
Highland Elementary School
Public - PK to 6
Kimball Middle School
Public - 7 to 8
Larkin High School
Public - 9 to 12
Central School Program
Public - 6 to 12
Rating
School
Distance
Highland Elementary School
PublicPK 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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More information about 316 Lawrence Avenue, Elgin, IL 60123

316 Lawrence Avenue is a multi-family home for sale in Elgin, IL 60123. This property was listed for sale on May 28, 2026 by Preferred Homes Realty, it's currently listed at $500,000. This listing's school district is School District U-46. Nearby schools include Highland Elementary School, Kimball Middle School and Larkin High School. 316 Lawrence Avenue is a 4-bed, 5-bath, multi-family home built in 1863.

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 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 06/03/2026 12:06 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.