220 Dexter Avenue
220 Dexter Avenue
$299,800
4
4
1,450
1,450
$207
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!
- Listed by Vickie Soupos • Fulton Grace Realty
Property Details for 220 Dexter Avenue
Area
Elgin
TownshipElgin
OwnershipFee Simple
Num Of Garage Spaces2.0
Num Of Parking Spaces2.0
Parking Included in PriceYes
Heat/FuelRadiant
ZoningMULTI
Location
LISTING UPDATED: 05/01/2024 12:07 AM
Property Details for 220 Dexter Avenue
Status | Active |
---|---|
MLS # | 12015645 |
Days on Market | 37 |
Taxes | $5,967 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Two to Four Units / 4 Flat |
Year Built | 1880 |
Lot Size | 0.14 AC / 6,098 SF |
County | Kane County |
Location
Building Information for 220 Dexter Avenue
Stories-Residences4Year Built1880Building Size-Lot Size0.14 AC / 6,098 SF
Payment Calculator
$2,133 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 220 Dexter Avenue
Property History for 220 Dexter Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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.
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