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$297,000
36 Days Online

501 W Highland Avenue
Elgin, IL 60123

For Sale|Multi-Family|Active Under Contract
County:
Kane
Call Now: 312-766-7076
Is this the home for you? We can help make it yours.
312-766-7076
501 W Highland Avenue501 W Highland Avenue501 W Highland Avenue
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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.

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Listing Snapshot
Price 
$297,000
Days Online 
36 Days
Bedrooms 
4
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.25 Acres
Year Built 
N/A
MLS Number 
11293122
Status 
Active Under Contract
Property Tax 
$5,721
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 weeks agoListing updated with changes from the MLS
3 weeks agoStatus changed to Active Under Contract
a month agoListing first seen online
General Features
Style 
Farmhouse
Parking 
UnassignedOff Street
Parking Spaces 
7
Sewer 
Public Sewer
Basement 
Full
Acreage 
0.25
Water 
Public
Attached Garage 
No
Foundation 
BlockStone
Zoning 
MULTI
General Information 
None
Rooms Total 
11
Lot Size 
.25-.49 Acre
Lot Features 
Corner Lot
Parking Total 
7
Interior Features
Heating 
Natural Gas
Fireplace 
No
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Exterior Features
Roof 
Asphalt
Spa 
No
Waterfront Property 
No
Exterior 
Porch
Lot 
Corner Lot
Other Structures 
None
Community Features
Township 
Elgin
MLS Area 
Elgin
Schools
School District
46
Elementary School
Highland Elementary School
Middle School
Kimball Middle School
High School
Larkin High School
This listing is part of the MRED data exchange program provided courtesy of Compass



The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than this office are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. Information Deemed Reliable but Not Guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data last updated: 2022-01-26 03:15 PM UTC
MRED DMCA Copyright Information Copyright © 2022 Midwest Real Estate Data LLC. All rights reserved.

Neighborhood & Commute
Source: Walkscore
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