423 E Chicago St, Unit B

Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Investors, 9.85% cap here, tenant already in place until march 2025 at $1,400/mo! Rarely available 1st-floor condo with no stairs, freshly painted and move-in ready! This charming 2-bedroom unit is a cash cow. The updated kitchen and bathroom is a nice touch, offering modern cabinets, countertops, and flooring. All newer appliances are included. Situated in the heart of downtown elgin, you'll enjoy fantastic restaurants and shopping options just steps away. Cash or commercial loan only, building's...Investors, 9.85% cap here, tenant already in place until march 2025 at $1,400/mo! Rarely available 1st-floor condo with no stairs, freshly painted and move-in ready! This charming 2-bedroom unit is a cash cow. The updated kitchen and bathroom is a nice touch, offering modern cabinets, countertops, and flooring. All newer appliances are included. Situated in the heart of downtown elgin, you'll enjoy fantastic restaurants and shopping options just steps away. Cash or commercial loan only, building's hoa is self-managed.
  1. Listed by Rich Wolnik • Jason Mitchell Real Estate IL
    P: (847)-409-0222 C: (847)-409-0222 RichWolnikJR@gmail.com
  2. Listed by Adrian Punzalan • Jason Mitchell Real Estate IL
    P: (630)-325-2580 C: (224)-262-8868 adrianpunzalann@gmail.com

Sold By American International Realty Corp.

Property Details for 423 East Chicago Street, Unit B

Area
Elgin
Township
Elgin
Ownership
Condo
Num Of Parking Spaces
1.0
Parking Included in Price
Yes
Air Conditioning Type
None
Num of Interior Fireplaces
0
Heat/Fuel
Natural Gas, Forced Air
LISTING UPDATED: 12/09/2024 07:23 PM

Property Details for 423 East Chicago Street, Unit B

StatusClosed
MLS #12188448
Days on Market26
Pet PolicyAllowed
Taxes$1,776 / year
HOA Fees$225 / month
Condo/Co-op Fees-
Property TypeCondo
MLS TypeAttached Single / Condo
Year Built1900
CountyKane County

Location

Add your commute

Building Information for 423 East Chicago Street, Unit B

Building/Complex423 E Chicago StFloor-Stories4Residences14Pet PolicyAllowedPet Policy DetailsPets AllowedYear Built1900

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OriginPoint Mortgage or Rocket Mortgage1

$797 per month

30 year fixed, 6.36% Interest

Principal and Interest

$424

Property Taxes

$148

HOA Dues

$225

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Property Information for 423 East Chicago Street, Unit B

General Information
School Information
  • Elementary School District: 46
  • High School District: 46
  • Middle Or Junior School District: 46
Addtl Parking Information
  • Parking: Space/s
  • Parking Details: Assigned Spaces
  • Parking On Site: true
Pet Information
  • Max Pet Weight: 999.0
  • Pet Information: Cats OK, Pet Count Limitation, Pet Weight Limitation
Location and General Information
  • Postal Code Plus 4: 0
Taxes and HOA Information
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Water, Parking, Common Insurance, Exterior Maintenance, Lawn Care, Scavenger
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Additional Parcels: No
Property Information
Interior Features
  • Interior Property Features: First Floor Bedroom, Some Window Treatment
  • Num Of Rooms: 5
  • Bedrooms Total: 2
  • Bedrooms (Below Grade): 0
  • Unit Floor Level: 1
  • Basement Type: Full
  • Bedrooms Possible: 2
  • Air Conditioning: None
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Room Type: No additional rooms
  • Num of Baths: 1.0
Exterior Features
  • Type: Condo
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Public
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2017
  • Built Before 1978: Yes
  • Age: Unknown
  • Type Attached: Condo
  • Total Sq Ft: 0
  • Aprox Total Finished Sq Ft: 0
  • Total Finished and Unfin Sq Ft: 0
  • Lot Dimensions: COMMON
  • Stories Total: 4
  • Total # Units in Building: 14.0
  • Waterfront: No
  • Disability Access and/or Equipped: No
  • Driveway: Asphalt
  • Exterior Building Type: Brick
  • General Information: School Bus Service,Commuter Bus,Commuter Train
  • North Coordinate: 11
  • South Coordinate: 0
  • East Coordinate: 0
  • West Coordinate: 35
  • Living Area Source: Not Reported
  • Management: Self-Management
  • Management Company: Self Managed
Property and Assessments
  • Buyer Financing: Cash
  • Public Document Count: 0
  • Photos Count: 13
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Room Information
Master Bedroom Information
  • Master Bedroom Level: Main
  • Room Type: Master Bedroom
  • Master Bedroom Bath: None
  • Master Bedroom Dimensions: 13X15
Bedroom #2 Information
  • 2nd Bedroom Level: Main
  • Room Type: Bedroom 2
  • Bedroom #2 Room Dimensions: 10X12
Bedroom #3 Information
  • 3rd Bedroom Level: N/A
  • Room Type: Bedroom 3
Bedroom #4 Information
  • 4th Bedroom Level: N/A
  • Room Type: Bedroom 4
Dining Room Information
  • Dining Room Level: Main
  • RoomType_DR: Dining Room
  • Dining Room Dimensions: COMBO
Family Room Information
  • Family Room Level: N/A
  • RoomType_FR: Family Room
Kitchen Information
  • Kitchen Level: Main
  • RoomType_KT: Kitchen
  • Kitchen Dimensions: 09X08
Laundry Information
  • Laundry Level: Basement
  • Room Type: Laundry
  • Laundry Dimensions: 10X10
Living Room Information
  • Living Room Level: Main
  • Room Type: Living Room
  • Living Room Dimensions: 15X13

Property History for 423 East Chicago Street, Unit B

DateEvent & SourcePriceAppreciation
Dec 9, 2024

Sold

MRED #12188448

$85,000
Nov 15, 2024

Sold (Public Record)

Public Record #1550975611

$85,000

-2.8% / yr

Nov 8, 2024

Pending

MRED #12188448

DateEvent & SourcePrice
12/09/2024

Sold

MRED #12188448

$85,000
11/15/2024

Sold (Public Record)

Public Record #1550975611

$85,000

-2.8% / yr

11/08/2024

Pending

MRED #12188448

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

Public Records for 423 East Chicago Street, Unit B

Taxable ValueLand$6,690Additions$16,372Total$23,062
Tax Record2024$1,846 ($154 / month)
Home Facts
Beds3Total Finished SqFt693 SqFtAbove Grade Finished SqFt693 SqFtStories1StyleCondominiumYear Built1900CountyKANEAPN06-13-327-021

Schools near 423 East Chicago Street, Unit B

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
Channing Memorial Elementary School
PublicK to 6

Ellis 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.

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Listing Courtesy of Jason Mitchell Real Estate IL

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 12/09/2024 07:23 PM. 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.