Bought with Juan Medina of GMS Realty Group, LLC
$123,000
$125,000
1.6%For more information regarding the value of a property, please contact us for a free consultation.
673 Villa Street Elgin, IL 60120
Key Details
Sold Price $123,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 10810521
Sold Date 11/06/20
Annual Tax Amount $2,837
Tax Year 2019
Lot Dimensions 44X91X62X66
Property Sub-Type Mixed Use
Property Description
What a great opportunity this multi-use property offers. You have commercial space on the street where you can run your business and you have a 2 bedroom, 1 bath house just behind it where you can live or rent it out. The icing on the cake is that this property comes with your very own billboard! There is currently a lease on the billboard that will add additional income to your bottom line. Once the lease is up, you can use the billboard to advertise your own business or rent it out to other businesses on a monthly charge. At this price, this property makes a great investment with an estimated 10% cap rate.
Location
State IL
County Kane
Zoning COMMR
Interior
Cooling Window Unit(s)
Fireplace N
Exterior
View Y/N true
Building
Foundation Block, Concrete Perimeter
Structure Type Block
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