501 West Highland Avenue
501 West Highland Avenue
$302,000
4
4
—
—
—
Closed 2/11/22
Description
GREAT INVESTMENT OPPORTUNITY OF 4K/MONTH. Historic 4 flat in the heart of downtown Elgin. Units 1 & 4 were rehabbed last year with new appliances, quartz countertops, and flooring. Three tenants are on month-to-month leases waiting for yearly leases of your choice to be put in place. Unit 4 with a lease ending in May 2022. Owner pays for water (200-250$/month) and heat (5 months out of the year) The property is professionally managed with the opportunity to continue under current local management....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. Walking distance to downtown Elgin with metra transportation into Union Station, shopping, and entertainment. A hidden gem for investors seeking property in a fast growing area with a rising rental market , 40 miles west of Chicago.
Property Details for 501 West Highland Avenue
Area
Elgin
TownshipElgin
OwnershipFee Simple
Num Of Parking Spaces7.0
Num Of Cars7.0
Parking Included in PriceYes
Heat/FuelNatural Gas
Architectural StyleFarmhouse
Location
LISTING UPDATED: 02/14/2022 12:43 PM
Property Details for 501 West Highland Avenue
Status | Closed |
---|---|
MLS # | 11293122 |
Days on Market | 51 |
Taxes | $5,722 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Two to Four Units / 4 Flat |
Year Built | - |
Lot Size | 0.25 AC / 10,890 SF |
County | Kane County |
Location
Building Information for 501 West Highland Avenue
Stories-Residences4Year Built-Building Size-Lot Size0.25 AC / 10,890 SF
Payment Calculator
$2,125 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 501 West Highland Avenue
Property History for 501 West Highland 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 501 West Highland Avenue
Taxable ValueLand$13,761Additions$56,528Total$70,289
Tax Record2022$6,095 ($508 / 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
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 |
---|---|---|
Washington Elementary School PublicK to 6 | ||
Abbott 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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