300 Lincoln Avenue

300 Lincoln Ave Fox River Grove, IL 60021

$589,500
Price
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...

Property Details for 300 Lincoln Avenue

Status
Active
Area
Fox River Grove
Township
Algonquin

Location

Listing Courtesy of Realty Advisors Elite LLC

Property Details for 300 Lincoln Avenue

StatusActive
MLS #11011404
Days on Market73
Taxes$10,067 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Flats
Year Built1969
Lot Size0.14 AC / 6,098 SF
CountyMcHenry County

Contact a Compass agent

Location

Listing Courtesy of Realty Advisors Elite LLC

Building Information for 300 Lincoln Avenue

Stories-Residences-Year Built1969Building Size-Lot Size0.14 AC / 6,098 SF

Payment Calculator

$2,815 per month

30 year fixed, 2.95% Interest

Principal and Interest

$1,976

Property Taxes

$839

HOA Dues

$0

Property Information for 300 Lincoln Avenue

Property Information
    Utilities / Equipment
  • Utilities To Site: Sanitary Sewer to Site, Water-Community
    Property/Lot Information
  • Owners Association?: No
  • Tenant Pays: Electric
  • Year Built: 1969
  • Built Before 1978: Yes
  • Approximate Age: 26-35 Years
  • Property Type: Multi Family 5+
  • Multi-Family Type: Flats, Other
  • Approx Total Bldg Sq Ft: 4097
  • Lot Size Source: Other
  • Acreage: 0
  • Lot Dimensions: 52X125X50X140
  • Zoning Type: MULTI
  • Lot Sq Ft: 4097
  • Num Of Units: 7
  • Construction: Brick, Concrete, Wood Frame
  • Roof Coverings: Shingle Composition
  • Roof Structure: Gambrel
    Miscellaneous
  • Current Use: Residential-Multi-Family
  • Frontage Access: City Street
  • Land Amenities: Sidewalks
  • Potential Use: Condominium
    Virtual Tour/Additional Media
  • Virtual Tour YN: false
Multi-Unit 2-4 Information
    Unit 1 Information
  • Num Of Bdrms: 1
  • Num Of Full Bthrms: 1
  • Num Of Rooms: 3
  • Num Of Units: 1
  • Monthly Income: 625
  • Monthly Income Max: $625
    Unit 2 Information
  • Num Of Bdrms: 1
  • Num Of Full Bthrms: 1
  • Num Of Rooms: 3
  • Num Of Units: 4
  • Monthly Income: 650
  • Monthly Income Max: $900
    Unit 3 Information
  • Num Of Bdrms: 2
  • Num Of Full Bthrms: 1
  • Num Of Rooms: 4
  • Num Of Units: 1
  • Monthly Income: 950
  • Monthly Income Max: $950
    Unit 4 Information
  • Num Of Bdrms: 3
  • Num Of Full Bthrms: 1
  • Num Of Rooms: 5
  • Num Of Units: 1
  • Monthly Income: 1000
  • Monthly Income Max: $1,000
Multi-Unit 5+ Information
    Building Features
  • Electrical Service: Circuit Breakers, 0-100 Amps
  • Heat Ventilation: Central Bldg Heat, Gas, Hot Water, Baseboard
    Unit 5 Information
  • Num Of Bdrms: 0
  • Num Of Rooms: 0
  • Num Of Units: 0
  • Monthly Income: 0
    Unit 6 Information
  • Num Of Bdrms: 0
  • Num Of Rooms: 0
  • Num Of Units: 0
  • Monthly Income: 0
    Unit 7 Information
  • Num Of Bdrms: 0
  • Num Of Rooms: 0
  • Num Of Units: 0
  • Monthly Income: 0
    Income / Expense Information
  • Cap Rate Percent: 7
  • Electric Expense Source: Combination
  • Electricity Expense: 1200
  • Expense Year: 2020
  • Fuel Expense: 3640
  • Fuel Expense Source: Combination
  • Gross Rent Multiplier: 9
  • Gross Rental Income: 67500
  • Insurance Expense Source: Combination
  • Janitor Expense Source: Combination
  • Manager Expense: 0
  • Net Operating Income: 42342
  • Net Operating Income Year: 2020
  • Other Expense Source: Combination
  • Other Expenses: 1750
  • Repairs Decor Expense: 2400
  • Repairs Decor Expense Source: Combination
  • Scavenger Expense: 1080
  • Scavenger Expense Source: Combination
  • Total Annual Expenses: 25758
  • Total Annual Income: 68100
  • Total Monthly Income: 5675
  • Water Expense: 3171
  • Water Expense Source: Combination

Property History for 300 Lincoln Avenue

DateEvent & SourcePriceAppreciation
Mar 5, 2021

Listed (Active)

MRED #11011404

$589,500
Dec 23, 2020

Sold (Public Record)

Public Record #686716381

$385,000

+9.6% / yr

May 23, 2012

Sold (Public Record)

Public Record #330868482

$175,000
DateEvent & SourcePrice
03/05/2021

Listed (Active)

MRED #11011404

$589,500
12/23/2020

Sold (Public Record)

Public Record #686716381

$385,000

+9.6% / yr

05/23/2012

Sold (Public Record)

Public Record #330868482

$175,000

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$28,842Additions$64,965Total$93,807
Tax Record2019$10,067 ($839 / month)
Home Facts
Total Finished SqFt4,097 SqFtAbove Grade Finished SqFt4,097 SqFtStories2Lot Size6,235 SqFtStyleMulti-Family Res (5+ Units)Year Built1917CountyMCHENRYAPN2018481010

Schools near 300 Lincoln Avenue


SchoolTypeGradesDistanceRating
Fox River Grove Middle SchoolPublic5-80.3 mi
5
Algonquin Road Elementary SchoolPublicPK-40.8 mi
10
Cary-Grove Community High SchoolPublic9-121.9 mi
8

Fox River Grove Middle School

5-8, 0.3 mi, Public

5

Algonquin Road Elementary School

PK-4, 0.8 mi, Public

10

Cary-Grove Community High School

9-12, 1.9 mi, Public

8

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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Similar Sold Homes

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300 Lincoln Avenue is a multi-family home for sale in Fox River Grove, IL 60021. This property was listed for sale on March 5, 2021 by Realty Advisors Elite LLC at $589,500. It has been on the market for a total of 73 days and was last sold on December 24, 2020. This listing's school districts are Chsd 155 School District, Fox River Grove Cons School District 3. Nearby schools include Fox River Grove Middle School, Algonquin Road Elementary School and Cary-Grove Community High School. 300 Lincoln Avenue is a 0-bed, 0-bath, multi-family home built in 1969. This address can also be written as 300 Lincoln Ave.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Realty Advisors Elite LLC

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