Sold
Last Sold Price
6 beds
449-51 Addison St, Elgin, IL 60120
Multi FamilyProperty Type
1880Year Built
3 carsParking Spaces

Description

Great INCOME GENERATING property for the savvy or novice investor. The perfect situation for an owner occupant looking to live and invest in Elgin! This 3 unit Building features 1-1 bedroom, 1-2 bedroom, and 1-3 bedroom unit. The 2 bedroom is vacatant and has been freshly painted and all new flooring. The 2 bedroom unit should rent for $1200 a month. The 3 bedroom and 2 bedroom units where rehabbed in 2017 with all new flooring, updated baths, and new appliances. 2 water heaters for the building...Great INCOME GENERATING property for the savvy or novice investor. The perfect situation for an owner occupant looking to live and invest in Elgin! This 3 unit Building features 1-1 bedroom, 1-2 bedroom, and 1-3 bedroom unit. The 2 bedroom is vacatant and has been freshly painted and all new flooring. The 2 bedroom unit should rent for $1200 a month. The 3 bedroom and 2 bedroom units where rehabbed in 2017 with all new flooring, updated baths, and new appliances. 2 water heaters for the building both new in 2017. Exterior painting 2021. Tenant pays utilities except water. Total rental income with 2 bedroom unit rented out $3,025/month. Property sits on huge lot with secured 2.5 car garage. Don't let this opportunity get away. Add this beauty to your portfolio today! Multiple offers highest and best due 2/13 at 12pm.

    Sold By Charles Miller Realty

    • Listed by: Christopher Davis 847.489.3476 chris@inspirerealtygroup.com • Inspire Realty Group LLC
    • Listed by: Amy Burton 312.493.2207 amylynneburton@gmail.com • Inspire Realty Group LLC
    Listing closed: 03/18/2022 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 11321335

    Recent comparable sales

    Median sold price

    $320,500

    Avg days on market

    24

    Sale-to-list ratio

    100.5%

    Elgin, IL

    9 comparable properties found

    $280,000 | 461 South State Street, Elgin, IL 60123
    1/7
    1

    $280,000

    Sold 03/10/25

    5
    Bedrooms
    1,502
    Square Feet
    0.18
    Acres
    $310,000 | 333 Gertrude Street, Elgin, IL 60123
    1/21
    2

    $310,000

    Sold 05/28/25

    6
    Bedrooms
    Unavailable
    Square Feet
    0.21
    Acres
    front view of a house
    1/8
    3

    $410,000

    Sold 01/08/26

    7
    Bedrooms
    Unavailable
    Square Feet
    0.17
    Acres
    a front view of house with yard and outdoor seating
    1/23
    4

    $325,000

    Sold 08/29/25

    6
    Bedrooms
    1,536
    Square Feet
    0.2
    Acres
    a front view of a house with garden
    1/24
    5

    $448,000

    Sold 06/09/26

    5
    Bedrooms
    Unavailable
    Square Feet
    0.36
    Acres
    $310,000 | 141 North Gifford Street, Elgin, IL 60120
    1/28
    6

    $310,000

    Sold 05/16/25

    5
    Bedrooms
    1,900
    Square Feet
    0.08
    Acres
    a front view of a house with wooden fence
    1/31
    7

    $312,000

    Sold 11/05/24

    6
    Bedrooms
    Unavailable
    Square Feet
    0.19
    Acres
    a front view of a house with garden
    1/32
    8

    $360,000

    Sold 04/09/25

    4
    Bedrooms
    Unavailable
    Square Feet
    0.2
    Acres
    $320,500 | 332 St Charles Street, Elgin, IL 60120
    1/40
    9

    $320,500

    Sold 12/13/24

    6
    Bedrooms
    1,954
    Square Feet
    0.15
    Acres

    Location

    Add your commute

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    $2,117 per month

    30 year fixed, 6.55% Interest

    Principal and Interest

    $1,627

    Property Taxes

    $491

    HOA Dues

    $0

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    Property Information for 449-51 Addison Street

    Property Details
    • Taxes: $5,890 / year
    • MLS Type: Two to Four Units / 3 Flat
    • County: Kane County
    • Area: Elgin
    • Township: Elgin
    • Ownership: Fee Simple
    • Num Of Garage Spaces: 2.5
    • Num Of Cars: 5.5
    • Parking Included in Price: Yes
    • Heat/Fuel: Natural Gas
    • Zoning: LNC
    Building Information
    • Residences: 3
    • Year Built: 1880
    General Information
    School Information
    • Elementary School District: 46
    • High School District: 46
    • Middle Or Junior School District: 46
    Addtl Parking Information
    • Garage On Site: true
    • Garage Ownership: Owned
    • Garage Type: Detached
    • Parking: Garage, Space/s
    • Parking Details: Unassigned
    • Parking On Site: true
    • Parking Ownership: Owned
    Property Information
    Interior Features
    • Num Of Rooms: 11
    • Bedrooms Total: 6
    • Bedrooms (Below Grade): 0
    • Community Features: Curbs, Sidewalks, Street Lights
    • Basement Type: Full
    • Bedrooms Possible: 6
    • Basement Description: Unfinished
    • # Full Baths in Building: 3
    • # Half Baths in Building: 0
    • Num of Baths: 3.0
    Utilities / Equipment
    • Sewer: Sewer-Public
    • Water: Public
    • Other Equipment: Multiple Water Heaters
    Property/Lot Information
    • New Construction YN: No
    • Rebuilt: No
    • Rehabilitated: No
    • Built Before 1978: Yes
    • Age: 100+ Years
    • Lot Size: Less Than .25 Acre
    • Lot Dimensions: 63X133X63X133
    • Total # Units in Building: 3.0
    • Waterfront: No
    • Exterior Building Type: Frame
    • Roof Type: Asphalt
    • General Information: School Bus Service,Commuter Bus
    • 3 Br Un In Bldg: Yes
    Property and Assessments
    • Public Document Count: 1
    • Document Date: 2022-02-09T22:31:40
    • Photos Count: 10
    Virtual Tour/Additional Media
    • Virtual Tour: None
    • Virtual Tour YN: No
    Multi Family
    Unit 1
    • Unit Type Actual Rent: $1,125.00
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 3
    • Unit Type Type: Unit 1
    • Lease Expiration Date: M/M
    Unit 2
    • Unit Type Actual Rent: $.00
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 2
    • Unit Type Type: Unit 2
    • Lease Expiration Date: VAC
    Unit 3
    • Unit Type Actual Rent: $700.00
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 1
    • Unit Type Type: Unit 3
    • Lease Expiration Date: M/M

    Property History for 449-51 Addison Street

    DateEvent & SourcePriceAppreciation
    Mar 18, 2022

    Sold

    MRED #11321335

    $320,000
    Feb 14, 2022

    Contingent

    MRED #11321335

    Feb 14, 2022

    Pending

    MRED #11321335

    DateEvent & SourcePrice
    03/18/2022

    Sold

    MRED #11321335

    $320,000
    02/14/2022

    Contingent

    MRED #11321335

    02/14/2022

    Pending

    MRED #11321335

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

    Schools near 449-51 Addison 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

    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

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    Nearby home values

    AddressSold priceBedsBathsSqftLot (Sqft)
    This home: 449-51 Addison Street, Elgin, IL 60120
    $320,000
    6
    $320,000
    4
    3.5
    2,584
    8,704
    $310,000
    5
    8,704
    $139,000
    2
    968
    8,704
    $92,000
    4
    3
    1,980
    8,976
    $237,000
    4
    8,976

    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 Inspire Realty Group LLC

    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 03/28/2022 09:28 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.