486 Ashland Ave

2,200 Sq. Ft.
$64 / Sq. Ft.
2,200
Sq. Ft.
$64
per Sq. Ft.

Description

Incredible value in this Victorian 2-flat on a corner lot! Originally built as a single-family home, could be kept as a 2-unit or deconverted. Hardwood floors, original Victorian-era trim and solid wood doors, bay windows, hi-efficiency boiler for 1st flr and forced air furnace for 2nd floor. 1st floor is 3bd/1ba (3rd bedroom is very small), 2nd floor is 2bd/1ba, both units currently rented on month-to-month leases. Total rent of over $2,000/mo. Decks recently repaired/replaced. 2.5-car detached...Incredible value in this Victorian 2-flat on a corner lot! Originally built as a single-family home, could be kept as a 2-unit or deconverted. Hardwood floors, original Victorian-era trim and solid wood doors, bay windows, hi-efficiency boiler for 1st flr and forced air furnace for 2nd floor. 1st floor is 3bd/1ba (3rd bedroom is very small), 2nd floor is 2bd/1ba, both units currently rented on month-to-month leases. Total rent of over $2,000/mo. Decks recently repaired/replaced. 2.5-car detached garage and spacious yard. Convenient location is 1 block from Marie Grolich park, walkable to National Street Metra, 2 minutes to elementary school, 6 minutes to middle school, 7 minutes to Larkin HS, 1 turn off of Rt 20, and 8 minutes to I-90. Property needs work and is sold as-is but is up-to-date with City of Elgin inspections. Conventional or cash, no FHA/VA. Photos are from before current tenants moved in.
  1. Listed by Alexander Fenske • Keller Williams Preferred Rlty
    P: (708)-808-0220 C: (708)-508-2539 alex@chicagosouthlandhomes.com

Sold By Coldwell Banker Realty

Property Details for 486 Ashland Avenue

Area
Elgin
Township
Elgin
Ownership
Fee Simple
Num Of Garage Spaces
2.5
Num Of Cars
2.5
Parking Included in Price
Yes
Heat/Fuel
Natural Gas, Forced Air, Hot Water/Steam, Radiator(s), Sep Heating Systems - 2+
Architectural Style
Victorian
LISTING UPDATED: 05/05/2021 09:32 AM

Property Details for 486 Ashland Avenue

StatusClosed
MLS #10759205
Days on Market9
Taxes$4,925 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeTwo to Four Units / 2 Flat
Year Built1879
Lot Size0.18 AC / 7,987 SF
CountyKane County

Location

Add your commute

Building Information for 486 Ashland Avenue

Stories-Residences2Year Built1879Building Size-Lot Size0.18 AC / 7,987 SF

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Principal and Interest

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Property Taxes

$410

HOA Dues

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Property Information for 486 Ashland Avenue

General Information
School Information
  • Elementary School District: 46
  • Elementary School: Lowrie Elementary School
  • Jr High Middle School: Abbott Middle School
  • High School District: 46
  • High School: Larkin High School
  • Middle Or Junior School District: 46
Addtl Parking Information
  • Garage Details: None/NA
  • Garage On Site: true
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Num Of Rooms: 9
  • Bedrooms Total: 5
  • Bedrooms (Below Grade): 0
  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved
  • Basement Type: Full
  • Bedrooms Possible: 5
  • Basement Description: Unfinished, Exterior Access
  • # Full Baths in Building: 2
  • # Half Baths in Building: 0
  • Num of Baths: 2.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Public
  • Other Equipment: Ceiling Fan(s)
Property/Lot Information
  • Exterior Property Features: Deck, Porch
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2008
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Description: Corner Lot
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 60 X 133.13
  • Total # Units in Building: 2.0
  • Waterfront: No
  • Exterior Building Type: Cedar, Frame, Shakes
  • Roof Type: Asphalt
  • Foundation Details: Stone
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Interstate Access
  • North Coordinate: 10
  • South Coordinate: 0
  • East Coordinate: 0
  • West Coordinate: 34
  • 3 Br Un In Bldg: Yes
  • Conversion: Y
Property and Assessments
  • Buyer Financing: Conventional, Cash
  • Public Document Count: 1
  • Document Date: 2020-06-25T13:56:13
  • Photos Count: 21
  • Deconversion: N
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $24,240.00
  • Insurance Expense: $1,325.00
  • Manager Expense: $.00
  • Insurance Expense Source: Actual
  • Water Expense Source: Actual
  • Net Operating Income: $16,706.00
  • Professional Management Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $1,284.00
Unit 1
  • Unit Type Actual Rent: $1,170.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Total Sq Ft - Unit 1: 1200
  • Floor # - Unit 1: 1
  • # Of Rooms - Unit 1: 5
  • # Half Baths-Unit 1: 0
  • # Full Baths-Unit 1: 1
  • Appliances/Features Unit 1: Stove, Refrigerator, Window Air Conditioner
  • Lease Exp Date (Mo/Yr) - Unit 1: 05-18-2026
  • Sec Deposit $ - Unit 1: 1170
  • Tenant Pays - Unit 1: Electric, Gas, Heat, Other
Unit 2
  • Unit Type Actual Rent: $850.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Total Sq Ft - Unit 2: 1000
  • Floor # - Unit 2: 2
  • # Of Rooms - Unit 2: 4
  • # Half Baths-Unit 2: 0
  • # Full Baths-Unit 2: 1
  • Appliances/Features Unit 2: Stove, Refrigerator, Dishwasher, Window Air Conditioner
  • Lease Exp Date (Mo/Yr) - Unit 2: 04-17-2026
  • Sec Deposit $ - Unit 2: 850
  • Tenant Pays - Unit 2: Electric, Gas, Heat, Other

Property History for 486 Ashland Avenue

DateEvent & SourcePriceAppreciation
Aug 21, 2020

Sold

MRED #10759205

$140,000
Jul 3, 2020

Pending

MRED #10759205

Jun 29, 2020

Listed (Active)

MRED #10759205

$150,000
DateEvent & SourcePrice
08/21/2020

Sold

MRED #10759205

$140,000
07/03/2020

Pending

MRED #10759205

06/29/2020

Listed (Active)

MRED #10759205

$150,000

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

Public Records for 486 Ashland Avenue

Taxable ValueLand$14,434Additions$66,952Total$81,386
Tax Record2024$6,513 ($543 / month)
Home Facts
Total Finished SqFt2,292 SqFtAbove Grade Finished SqFt2,292 SqFtStories2Lot Size7,920 SqFtStyleSingle Family ResidenceYear Built1888CountyKANEAPN06-24-155-023

Schools near 486 Ashland Avenue

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
Lowrie Elementary School
PublicK to 6

Abbott 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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Listing Courtesy of Keller Williams Preferred Rlty

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 09:32 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.