300 Lincoln Avenue

Fox River Grove, IL 60021

$589,900
Last Sold Price
10
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Well-maintained 7 unit apartment building composed of 7 apartments. a 3 bedroom, a 2 bedroom and 5-1 bedroom units. There is definitely room to raise rental income as most of the units are longer term tenants! All apartments have one bathroom. Newer Windows, New Higher Efficiency Boiler (2021) and regulators! Most of the apartments have been rehabbed! The property is footsteps from numerous retail markets, grocery stores, shopping centers, and restaurants. Stonehill Shopping Center is one-half mile...Well-maintained 7 unit apartment building composed of 7 apartments. a 3 bedroom, a 2 bedroom and 5-1 bedroom units. There is definitely room to raise rental income as most of the units are longer term tenants! All apartments have one bathroom. Newer Windows, New Higher Efficiency Boiler (2021) and regulators! Most of the apartments have been rehabbed! The property is footsteps from numerous retail markets, grocery stores, shopping centers, and restaurants. Stonehill Shopping Center is one-half mile Southeast with a Jewell-Osco, Walgreen's, Panera Bread, McDonald's, Starbucks, and Dunkin Donuts. the location is close to schools and recreation parks.
  1. Listed by Anthony Davidson • Realty Advisors Elite LLC
  2. Listed by Boris Oberman • Realty Advisors Elite LLC

Property Details for 300 Lincoln Avenue

Area
Fox River Grove
Township
Algonquin
Num Of Parking Spaces
12.0
Zoning
MULTI

Location

Listing Courtesy of Realty Advisors Elite LLC

Sold By Realty Advisors Elite LLC

Add your commute
LISTING UPDATED: 06/29/2021 08:29 PM

Property Details for 300 Lincoln Avenue

StatusClosed
MLS #11011404
Days on Market116
Taxes$10,067 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Flats
Year Built1969
Lot Size0.09 AC / 4,097 SF
CountyMcHenry County

Location

Listing Courtesy of Realty Advisors Elite LLC

Sold By Realty Advisors Elite LLC

Add your commute

Building Information for 300 Lincoln Avenue

Stories-Residences7Year Built1969Building Size-Lot Size0.09 AC / 4,097 SF

Payment Calculator

$4,058 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,219

Property Taxes

$839

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 300 Lincoln Avenue

General Information
Location and General Information
  • Frontage Type: City Street
  • Information: 48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Electric: Circuit Breakers, Service - 0 to 100 Amps
  • Heat/Ventilation: Central Bldg Heat,Gas,Hot Water,Baseboard
  • Num of Baths: 0.0
Utilities / Equipment
  • Utilities: Sanitary Sewer, Water-Community
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: 26-35 Years
  • Multi-Family Type: Flats,Other
  • Lot Dimensions: 52X125X50X140
  • Lot Size Square Feet: 4097.0
  • Stories: 1
  • Construction: Brick, Concrete, Wood Frame
  • Roof Type: Composition
  • Roof Structure: Gambrel
  • Building Area Total: 4097
  • Lot Size Source: Other
  • Conversion: N
Property and Assessments
  • Possible Use: Condominium
  • Buyer Financing: Conventional
  • Documents Available: Aerial Map
  • Public Document Count: 0
  • Photos Count: 11
  • Deconversion: N
Miscellaneous
  • Current Use: Multi-Family
  • Land Amenities: Sidewalks
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 7
Income & Expenses
  • Electric Expense: $1,200.00
  • Fuel Expense: $3,640.00
  • Gross Income: $67,500.00
  • Gross Scheduled Income: $68,100.00
  • Insurance Expense: $1,850.00
  • Maintenance Expense: $2,400.00
  • Manager Expense: $.00
  • Electric Expense Source: Combination
  • Known Encumbrances: First Mortgage
  • Expense Year: 2020
  • Total Annual Expense Source: Combination
  • Fuel Expense Source: Combination
  • Insurance Expense Source: Combination
  • Janitor Expense: 600
  • Manager Expense Source: CO
  • Net Operating Income Year: 2020
  • Other Expense Source: Combination
  • Repairs-Decor Expense Source: Combination
  • Trash Expense Source: Combination
  • Total Monthly Income: 5675
  • Water Expense Source: Combination
  • Net Operating Income: $42,342.00
  • Operating Expense: $25,758.00
  • Other Expense: $1,750.00
  • Trash Expense: $1,080.00
  • Water Sewer Expense: $3,171.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 1
  • # Of Rooms - Unit 1: 3
  • # Of Full Bthrms - Type 1: 1
  • Monthly Income - 1: 625
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 4
  • # Of Rooms - Unit 2: 3
  • # Of Full Bthrms - Type 2: 1
  • Monthly Income - 2: 650
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 1
  • # Of Rooms - Unit 3: 4
  • # Of Full Bthrms - Type 3: 1
  • Monthly Income - 3: 950
  • Monthly Income Max - 3: 950
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 1
  • # Of Rooms - Unit 4: 5
  • # Of Full Bthrms - Type 4: 1
  • Monthly Income - 4: 1000
  • Monthly Income Max - 4: 1000
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
  • # Of Rooms - Unit 5: 0
  • Monthly Income - 5: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
  • Monthly Income - 6: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0
  • # Of Rooms - Unit 7: 0
  • Monthly Income - 7: 0

Property History for 300 Lincoln 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 300 Lincoln Avenue

Taxable ValueLand$33,533Additions$75,531Total$109,064
Home Facts
Total Finished SqFt4,097 SqFtAbove Grade Finished SqFt4,097 SqFtStories2Lot Size6,235 SqFtStyleMulti-Family Dwelling (2-4)Year Built1917CountyMCHENRYAPN20-18-481-010

Schools near 300 Lincoln Avenue

This home is within Chsd 155 School District.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Algonquin Road Elementary School
PublicPK to 4

Fox River Grove Middle School
Public5 to 8

Cary-Grove Community High School
Public9 to 12

Haber Oaks Campus
Public9 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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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 Realty Advisors Elite 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.