522 Douglas Avenue

Elgin, IL 60120

$197,000
Last Sold Price
5
Beds
2
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

This historic 2-unit property is nestled in between Elgin's popular Gold Coast neighborhood and downtown Elgin. The location of this property is sure to keep your vacancy rates down. Just minutes from I90, downtown Elgin, RT25, RT31, and the Metra, transportation surrounds this property. Current rents total $1,900/mo, which should create positive cash flow for the next owner. Rents can likely be increased to meet market values. Both units are currently occupied - one of them is on a month-to-month....This historic 2-unit property is nestled in between Elgin's popular Gold Coast neighborhood and downtown Elgin. The location of this property is sure to keep your vacancy rates down. Just minutes from I90, downtown Elgin, RT25, RT31, and the Metra, transportation surrounds this property. Current rents total $1,900/mo, which should create positive cash flow for the next owner. Rents can likely be increased to meet market values. Both units are currently occupied - one of them is on a month-to-month. The property has a brand new boiler, a large fenced yard, 2 car garage, and a basement.
  1. Listed by Andrew Stoll • Stoll Real Estate

Sold By Luna Real Estate Inc.

Property Details for 522 Douglas Avenue

Area
Elgin
Township
Elgin
Ownership
Fee Simple
Num Of Garage Spaces
2.0
Num Of Parking Spaces
2.0
Num Of Cars
4.0
Parking Included in Price
Yes
Heat/Fuel
Radiator(s)

Location

Add your commute
LISTING UPDATED: 05/05/2021 10:31 AM

Property Details for 522 Douglas Avenue

StatusClosed
MLS #10959839
Days on Market74
Taxes$5,618 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 2 Flat
Year Built1888
Lot Size0.24 AC / 10,454 SF
CountyKane County

Location

Add your commute

Building Information for 522 Douglas Avenue

Stories-Residences2Year Built1888Building Size-Lot Size0.24 AC / 10,454 SF

Payment Calculator

$1,543 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,075

Property Taxes

$468

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 522 Douglas Avenue

General Information
School Information
  • Elementary School District: 46
  • Elementary School: Mckinley Elementary School
  • Jr High Middle School: Larsen Middle School
  • High School District: 46
  • High School: Elgin High School
  • Middle Or Junior School District: 46
Addtl Parking Information
  • Garage Details: Garage Door Opener(s), Transmitter(s)
  • Garage On Site: true
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage, Space/s
  • Parking Details: Off Street, Driveway
  • Parking On Site: true
  • Parking Ownership: Owned
Property Information
Interior Features
  • Num Of Rooms: 13
  • Bedrooms (Below Grade): 0
  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved
  • Basement Type: Full
  • Bedrooms Possible: 5
  • Basement Description: Unfinished
  • # Full Baths in Building: 2
  • # Half Baths in Building: 0
  • Num of Baths: 2.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Public
  • Other Equipment: CO Detectors, Ceiling Fan(s)
Property/Lot Information
  • Exterior Property Features: Storms/Screens
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Description: Corner Lot, Fenced Yard
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 66X157
  • Total # Units in Building: 2.0
  • Waterfront: No
  • Exterior Building Type: Brick
  • Roof Type: Asphalt
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Interstate Access,Historical District
  • Lot Size Source: County Records
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Public Document Count: 3
  • Document Date: 2021-01-19T18:30:45
  • Photos Count: 8
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Electric Expense: $50.00
  • Fuel Expense: $300.00
  • Gross Income: $1,900.00
  • Electric Expense Source: Owner Projection
  • Fuel Expense Source: Owner Projection
  • Water Expense Source: Owner Projection
  • Water Sewer Expense: $150.00
Unit 1
  • Unit Type Actual Rent: $950.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Floor # - Unit 1: 1
  • # Of Rooms - Unit 1: 7
  • # Half Baths-Unit 1: 0
  • # Full Baths-Unit 1: 1
  • Appliances/Features Unit 1: Stove, Refrigerator
  • Lease Exp Date (Mo/Yr) - Unit 1: 12-21-2024
  • Sec Deposit $ - Unit 1: 0
  • Tenant Pays - Unit 1: None
Unit 2
  • Unit Type Actual Rent: $950.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Floor # - Unit 2: 2
  • # Of Rooms - Unit 2: 6
  • # Half Baths-Unit 2: 0
  • # Full Baths-Unit 2: 1
  • Appliances/Features Unit 2: Stove, Refrigerator
  • Sec Deposit $ - Unit 2: 0
  • Tenant Pays - Unit 2: None

Property History for 522 Douglas 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 522 Douglas Avenue

Taxable ValueLand$13,661Additions$57,083Total$70,744
Tax Record2022$5,614 ($468 / month)
Home Facts
Beds6Total Finished SqFt2,562 SqFtAbove Grade Finished SqFt2,562 SqFtStories2Lot Size10,342 SqFtStyleSingle Family ResidenceYear Built1888CountyKANEAPN06-11-480-007

Schools near 522 Douglas Avenue

This home is within School District U-46.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 9 to 12
Public - 8 to 12
Rating
School
Distance
Mckinley Elementary School
PublicPK to 6

Larsen Middle School
Public7 to 8

Elgin 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.

Similar Homes

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Similar Sold 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 Stoll Real Estate

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.