220 Dexter Avenue

Elgin, IL 60120

$299,800
Price
4
Beds
4
Baths
1,450 Sq. Ft.
$207 / Sq. Ft.
1,450
Sq. Ft.
$207
per Sq. Ft.

Description

Now here is a solid investment property located in the heart of Downtown Elgin with a few key points that stand out: Desirable Location: Being in the heart of downtown Elgin makes it an attractive spot for renters due to proximity to amenities, transportation, and possibly employment opportunities. Stable Tenancy: Having long-term renters in 2 of the 3 units who wish to stay is a big plus. It suggests less turnover and potentially lower vacancy rates, both of which are good for steady income. Income...Now here is a solid investment property located in the heart of Downtown Elgin with a few key points that stand out: Desirable Location: Being in the heart of downtown Elgin makes it an attractive spot for renters due to proximity to amenities, transportation, and possibly employment opportunities. Stable Tenancy: Having long-term renters in 2 of the 3 units who wish to stay is a big plus. It suggests less turnover and potentially lower vacancy rates, both of which are good for steady income. Income Potential: The possibility of renovating the 4th unit in the basement is intriguing and would significantly increase the property's income potential. Recent Improvements: new roof, gutters, chimney rebuild, sewer line, and water heaters, add to the property's value. They reduce the likelihood of major repairs in the near future and can be appealing to both tenants and potential buyers. Upcoming City Infrastructure Improvements: The city's plan to replace lead pipes is beneficial for the property in the long run, ensuring better water quality for tenants and potentially increasing property desirability. Do not pass up a fantastic opportunity to expand your investment portfolio!
  1. Listed by Vickie Soupos • Fulton Grace Realty

Property Details for 220 Dexter Avenue

Area
Elgin
Township
Elgin
Ownership
Fee Simple
Num Of Garage Spaces
2.0
Num Of Parking Spaces
2.0
Parking Included in Price
Yes
Heat/Fuel
Radiant
Zoning
MULTI

Location

Listing Courtesy of Fulton Grace Realty
Add your commute
LISTING UPDATED: 05/01/2024 12:07 AM

Property Details for 220 Dexter Avenue

StatusActive
MLS #12015645
Days on Market37
Taxes$5,967 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 4 Flat
Year Built1880
Lot Size0.14 AC / 6,098 SF
CountyKane County

Location

Listing Courtesy of Fulton Grace Realty
Add your commute

Building Information for 220 Dexter Avenue

Stories-Residences4Year Built1880Building Size-Lot Size0.14 AC / 6,098 SF

Payment Calculator

$2,133 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,636

Property Taxes

$497

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 220 Dexter Avenue

General Information
School Information
  • Elementary School District: 46
  • Elementary School: Hillcrest Elementary School
  • Jr High Middle School: Kimball Middle School
  • High School District: 46
  • High School: Larkin High School
  • Middle Or Junior School District: 46
Addtl Parking Information
  • Garage On Site: true
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage
Property Information
Interior Features
  • Num Of Rooms: 11
  • Bedrooms (Below Grade): 0
  • Community Features: Sidewalks, Street Lights, Street Paved
  • Basement Type: Full, Walkout
  • Bedrooms Possible: 4
  • Basement Description: Partially Finished
  • # Full Baths in Building: 4
  • # Half Baths in Building: 0
  • Num of Baths: 4.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan
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: 54 X 127
  • Total # Units in Building: 4.0
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding
  • Roof Type: Asphalt
  • General Information: Commuter Bus
  • North Coordinate: 11
  • West Coordinate: 33
  • 3 Br Un In Bldg: No
Property and Assessments
  • Public Document Count: 4
  • Document Date: 2024-03-29T19:53:27
  • Photos Count: 22
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Electric Expense: $360.00
  • Fuel Expense: $1,538.00
  • Gross Income: $32,400.00
  • Insurance Expense: $1,920.00
  • Electric Expense Source: Actual
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Other Expense Source: Actual
  • Trash Expense Source: Combination
  • Trash Expense Year: 2023
  • Water Expense Source: Combination
  • Net Operating Income: $20,030.00
  • Water Sewer Expense: $1,800.00
  • Other Expenses $: 785
Unit 1
  • Unit Type Actual Rent: $1,100.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Lease Expiration Date: M2M
Unit 2
  • Unit Type Actual Rent: $800.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 08/24
Unit 3
  • Unit Type Actual Rent: $800.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
  • Lease Expiration Date: 07/24
Unit 4
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Lease Expiration Date: 0/00

Property History for 220 Dexter Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 220 Dexter Avenue

Taxable ValueLand$10,746Additions$58,069Total$68,815
Tax Record2022$5,967 ($497 / month)
Home Facts
Beds4Total Finished SqFt2,032 SqFtAbove Grade Finished SqFt2,032 SqFtStories2Lot Size6,350 SqFtStyleSingle Family ResidenceYear Built1880CountyKANEAPN06-13-151-009

Schools near 220 Dexter 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 - 8 to 12
Rating
School
Distance
Ronald D O'Neal Elementary School
PublicK to 6

Kimball Middle School
Public7 to 8

Larkin High School
Public9 to 12

Central School Program
Public8 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.

Similar Homes

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220 Dexter Avenue is a multi-family home for sale in Elgin, IL 60120. This property was listed for sale on March 28, 2024 by Fulton Grace Realty, it's currently listed at $299,800. It has been on the market for a total of 37 days and was last sold on November 13, 2020. This listing's school district is School District U-46. Nearby schools include Ronald D O'Neal Elementary School, Kimball Middle School and Larkin High School. 220 Dexter Avenue is a 4-bed, 4-bath, 1,450 sqft multi-family home built in 1880.

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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Fulton Grace 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. Based on information submitted to the MLS GRID as of 05/01/2024 12:07 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.