Bought with Robert Drafke of Concentric Realty, Inc
$1,000,000
$1,100,000
9.1%For more information regarding the value of a property, please contact us for a free consultation.
224 Jefferson Avenue Elgin, IL 60120
10,500 SqFt
Key Details
Sold Price $1,000,000
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 10,500 sqft
Price per Sqft $95
MLS Listing ID 10898139
Sold Date 12/22/20
Year Built 1920
Annual Tax Amount $18,064
Tax Year 2019
Lot Size 10,890 Sqft
Lot Dimensions 96X134X83X137
Property Sub-Type Multi Family 5+
Property Description
GREAT, INCOME OPPORTUNITY!! 15 UNIT BUILDING OFFERS FANTASTIC INCOME OPPORTUNITY!! Over 10% cap rate building! All units are 1 BR, 1 BATH in this solid brick building! So much has been done here recently! Newer carpeting and fresh paint in common areas! Newer garage doors with opener and wall divider! The 4 car garage is rented out for extra income! Coin-operated laundry machines 2 new in 2019! Newly repaved and striped driveway! Rebuilt front and back entrance stairs! Newer gutters on the building and garage! Six units are completely remodeled and 2 are partially remodeled! The building is located near downtown Elgin! Great money making potential with this one!
Location
State IL
County Kane
Zoning MULTI
Interior
Cooling None
Fireplace N
Exterior
View Y/N true
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