501 West Highland Avenue

Elgin, IL 60123

$302,000
Last Sold Price
4
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

GREAT INVESTMENT OPPORTUNITY OF 4K/MONTH. Historic 4 flat in the heart of downtown Elgin. Units 1 & 4 were rehabbed last year with new appliances, quartz countertops, and flooring. Three tenants are on month-to-month leases waiting for yearly leases of your choice to be put in place. Unit 4 with a lease ending in May 2022. Owner pays for water (200-250$/month) and heat (5 months out of the year) The property is professionally managed with the opportunity to continue under current local management....

Property Details for 501 West Highland Avenue

Area
Elgin
Township
Elgin
Ownership
Fee Simple
Num Of Parking Spaces
7.0
Num Of Cars
7.0
Parking Included in Price
Yes
Heat/Fuel
Natural Gas
Architectural Style
Farmhouse

Location

Sold By Keller Williams ONEChicago

Add your commute
LISTING UPDATED: 02/14/2022 12:43 PM

Property Details for 501 West Highland Avenue

StatusClosed
MLS #11293122
Days on Market12
Taxes$5,722 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 4 Flat
Year Built-
Lot Size0.25 AC / 10,890 SF
CountyKane County

Listing Agent

Contact Agent(s)

Location

Sold By Keller Williams ONEChicago

Add your commute

Listing Agents

  1. Ben Lalez

    Ben Lalez

    Listing Agent

    Compass

    ben.lalez@compass.com

    P: 312.789.4054

  2. Belle Jessen

    Belle Jessen

    Alternative Listing Agent

    Compass

Building Information for 501 West Highland Avenue

Stories-Residences4Year Built-Building Size-Lot Size0.25 AC / 10,890 SF

Payment Calculator

$1,609 per month

30 year fixed, 3.85% Interest

Principal and Interest

$1,133

Property Taxes

$477

HOA Dues

$0

Property Information for 501 West Highland Avenue

General Information
    School Information
  • Elementary School District: 46
  • Elementary School: Highland 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
  • Parking: Space/s
  • Parking Details: Unassigned, Off Street
  • Parking On Site: true
  • Parking Ownership: Owned
Property Information
    Interior Features
  • Num Of Rooms: 11
  • Bedrooms (Below Grade): 0
  • Basement Type: Full
  • Bedrooms Possible: 4
  • Basement Description: Unfinished
  • # Full Baths in Building: 4
  • # Half Baths in Building: 0
  • Num of Baths: 0.0
    Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Public
    Property/Lot Information
  • Exterior Property Features: Porch
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2020
  • Built Before 1978: Yes
  • Age: Unknown
  • Lot Description: Corner Lot
  • Lot Size: .25-.49 Acre
  • Lot Dimensions: 85X120
  • Total # Units in Building: 4.0
  • Other Structures: None
  • Exterior Building Type: Aluminum Siding
  • Roof Type: Asphalt
  • Foundation Details: Block, Stone
  • General Information: None
  • 3 Br Un In Bldg: No
  • Conversion: N
    Property and Assessments
  • Buyer Financing: Conventional
  • Public Document Count: 0
  • Photos Count: 4
  • Deconversion: N
    Virtual Tour/Additional Media
  • Virtual Tour: Image360+realtor
  • Virtual Tour YN: Yes
Multi Family
    Income & Expenses
  • Gross Income: $46,800.00
    Unit 1
  • Unit Type Actual Rent: $1,100.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Floor # - Unit 1: 1
  • # Of Rooms - Unit 1: 3
  • # Half Baths-Unit 1: 0
  • # Full Baths-Unit 1: 1
  • Appliances/Features Unit 1: Stove, Refrigerator
  • Sec Deposit $ - Unit 1: 1100
  • Tenant Pays - Unit 1: Electric, Gas, Heat
    Unit 2
  • Unit Type Actual Rent: $900.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Floor # - Unit 2: 1
  • # Of Rooms - Unit 2: 3
  • # Half Baths-Unit 2: 0
  • # Full Baths-Unit 2: 1
  • Appliances/Features Unit 2: Stove, Refrigerator
  • Sec Deposit $ - Unit 2: 900
  • Tenant Pays - Unit 2: Electric, Gas, Heat
    Unit 3
  • Unit Type Actual Rent: $800.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
  • Floor # - Unit 3: 2
  • # Of Rooms - Unit 3: 3
  • # Half Baths-Unit 3: 0
  • # Full Baths-Unit 3: 1
  • Appliances/Features Unit 3: Stove, Refrigerator
  • Sec Deposit $ - Unit 3: 800
  • Tenant Pays - Unit 3: Electric, Gas, Heat
    Unit 4
  • Unit Type Actual Rent: $1,100.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 4
  • Floor # - Unit 4: 2
  • # Of Rooms - Unit 4: 2
  • # Half Baths-Unit 4: 0
  • # Full Baths-Unit 4: 1
  • Appliances/Features Unit 4: Stove, Refrigerator
  • Lease Exp Date (Mo/Yr) - Unit 4: 05-22-2022
  • Sec Deposit $ - Unit 4: 1100
  • Tenant Pays - Unit 4: Electric, Gas, Heat

Property History for 501 West Highland 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 501 West Highland Avenue

Taxable ValueLand$12,283Additions$50,453Total$62,736
Tax Record2021$5,863 ($489 / month)
Home Facts
Beds4Total Finished SqFt2,118 SqFtAbove Grade Finished SqFt2,118 SqFtStories2Lot Size7,738 SqFtStyleSingle Family ResidenceYear Built1893CountyKANEAPN06-14-403-015

Schools near 501 West Highland Avenue


SchoolTypeGradesDistanceRating
St Edward Central Catholic High SchoolPrivate9-120.3 mi
NR
Washington Elementary SchoolPublicK-60.4 mi
5
St Laurence Elementary SchoolPrivatePK-80.4 mi
NR
Elgin Math and Science Acad CharterCharterK-30.4 mi
NR

St Edward Central Catholic High School

9-12, 0.3 mi, Private

NR

Washington Elementary School

K-6, 0.4 mi, Public

5

St Laurence Elementary School

PK-8, 0.4 mi, Private

NR

Elgin Math and Science Acad Charter

K-3, 0.4 mi, Charter

NR

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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