53-63 Douglas Avenue

Elgin, IL 60120

$1,100,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

12 Units total on this iconic 3-Story Victorian Building. Originally known as the "McBride" building. Nicely updated and beautifully restored offices and store fronts. Many original features such as interior brick walls, tin ceilings, high ceilings and much more. Elevator building. Updated energy efficient floor to ceiling windows. Updated HVAC. This property is centrally located with City parking directly across the street and walking distance to Metra and Pace Bus. Retail spaces are fully leased....12 Units total on this iconic 3-Story Victorian Building. Originally known as the "McBride" building. Nicely updated and beautifully restored offices and store fronts. Many original features such as interior brick walls, tin ceilings, high ceilings and much more. Elevator building. Updated energy efficient floor to ceiling windows. Updated HVAC. This property is centrally located with City parking directly across the street and walking distance to Metra and Pace Bus. Retail spaces are fully leased. Some 2nd floor office space is available currently. This building would make great owner occupant space or investment property.
  1. Listed by Ben Henrikson • RE/MAX Horizon

Property Details for 53-63 Douglas Avenue

Area
Elgin
Township
Elgin
Zoning
COMMR

Location

Listing Courtesy of RE/MAX Horizon
Add your commute
LISTING UPDATED: 04/23/2024 12:07 AM

Property Details for 53-63 Douglas Avenue

StatusActive
MLS #12031737
Days on Market14
Taxes$20,676 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1889
Lot Size0.18 AC / 7,841 SF
CountyKane County

Location

Listing Courtesy of RE/MAX Horizon
Add your commute

Building Information for 53-63 Douglas Avenue

Stories-Residences12Year Built1889Lot Size0.18 AC / 7,841 SF

Payment Calculator

$7,726 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,003

Property Taxes

$1,723

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 53-63 Douglas Avenue

General Information
Addtl Parking Information
  • Outdoor Parking: Common Parking,Open,Public Lot
  • Open Parking Spaces: 100.0
Location and General Information
  • Frontage Type: City Street
  • Geographic Locale: Northwest Suburban
  • Information: 24-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Circuit Breakers
  • Heat/Ventilation: Central Bldg Heat,Forced Air
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 0
Property/Lot Information
  • Tenant Pays: Varies by Tenant
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 100X78
  • Lot Size Square Feet: 7841.0
  • Stories: 3
  • Exterior Building Type: Brick, Frame
  • Construction: Brick
  • Fire Protection: Fire Extinguisher/s,Smoke or Fire Protectors
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 15495
  • # Of Offices: 7
  • Office SqFt: 12000
  • Retail SqFt: 5000
  • # Of Stores: 3
  • Property Sub Type: Mixed Use
  • MRD_UNC: No
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 9
Miscellaneous
  • Location: Central Business District
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 12
Income & Expenses
  • Electric Expense: $6,000.00
  • Fuel Expense: $9,000.00
  • Gross Income: $107,316.00
  • Gross Scheduled Income: $107,316.00
  • Insurance Expense: $4,860.00
  • Electric Expense Source: Actual
  • Expense Year: 2021
  • Total Annual Expense Source: Actual
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Net Operating Income Year: 2021
  • Other Expense Source: Actual
  • Trash Expense Source: Actual
  • Total Monthly Income: 8943
  • Water Expense Source: Actual
  • Net Operating Income: $95,928.00
  • Operating Expense: $48,036.00
  • Other Expense: $3,820.00
  • Trash Expense: $1,680.00
  • Water Sewer Expense: $2,000.00

Property History for 53-63 Douglas Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 53-63 Douglas 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
Ronald D O'Neal Elementary School
PublicK to 6

Kimball 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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53-63 Douglas Avenue is a mixed use property for sale in Elgin, IL 60120. This property was listed for sale on April 17, 2024 by RE/MAX Horizon, it's currently listed at $1,100,000. This listing's school district is School District U-46. Nearby schools include Ronald D O'Neal Elementary School, Kimball Middle School and Larkin High School. 53-63 Douglas Avenue is a 0-bed, 0-bath, mixed use property built in 1889.

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 RE/MAX Horizon

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.