140 College Street, Elgin, IL


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About 140 College Street

**Projected Cap Rate 8.94%, After Tax ROI 10.86%**Call Listing Agent To Get Details**4 Unit Multifamily Property On A Corner Lot, In The Historic District Of Elgin Near Downtown. Freshly Painted Outside & Fully Compliant With All City Requirements. 2 Two Bedroom Units And 2 One Bedroom Units With Mainly Month To Month Leases Occupied By Longer Term Tenants! The Buyer Has the Option To Lock Current Tenants Into A Lease If The Rent Is Agreed To Market Rent Or Have The Flexibility With The Month To Month Lease To Get New Tenants Willing To Pay Higher Market Rent. Well Maintained Building! Great Cash Flow! 3 Of The Units Have Been Updated/Remodeled Within The Last Five Years Including Newer Appliances. Newer Water Heater, Appliances, Furnace, In Unit #3 With Hardwood Floors. Unit #4 Has Newer Fridge And Stove. Large Storage & Work Area In Basement. Newer Sump Pump. Newer Water & Sewer Service To Street. Newer Flat Roof Less Than 4 Years Old! Great Investment Opportunity! 100% Occupied!

Features of 140 College Street

MLS® # 11891597
Price $525,000
Units 4
Bedrooms 6
Bathrooms 4.00
Acres 0.25
Year Built 1900
Type Residential Income
Sub-Type Two to Four Units
Status Active
Multi-Family No

Community Information

Address 140 College Street
Area Elgin
City Elgin
County Kane
State IL
Zip Code 60120


Heating Natural Gas, Forced Air
Fireplace No
Has Basement Yes
Basement Partial


Exterior Frame
Exterior Features Porch
Lot Description Corner Lot
Roof Asphalt, Rubber
Foundation Concrete Perimeter, Stone

School Information

District 46

Additional Information

Days on Market 79
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeKeller Williams Infinity

Listing Map

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