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Map
$580,000
●
Multifamily -
Off Market
370 Algona Avenue
Elgin, IL 60120
6 Beds
4 Baths
$3,856
Estimated Monthly
4.12%
Cap Rate
About This Property
Investment opportunity!!This 4-unit property boasts positive cash
flow, making it a great addition to any portfolio. Each unit is
meticulously maintained and fully occupied, ensuring a steady
stream of income. With a convenient location, strong rental
history, and potential for further growth. Don't miss out on this
turnkey investment gem!
Unit Size
-
Days on Market
46 days
Land Size
-
Price per sqft
-
Property Type
Multifamily
Property Taxes
$1,007
HOA Dues
-
Year Built
1934
Last updated: 8 days ago (MRED MLS #12048550)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 24, 2024 | Sold | $580,000 | |
| Sold | |||
| May 9, 2024 | Listed by Homesmart Connect LLC | $580,000 | |
| Listed by Homesmart Connect LLC | |||
| Mar 15, 2023 | Sold to Omar Jimenez, Paloma Ramirez | $385,000 | |
| Sold to Omar Jimenez, Paloma Ramirez | |||
Property Highlights
Garage
Parking Details
Total Number of Parking: 5
Garage Spaces: 5
Garage Ownership: Owned
Garage On-Site: Yes
Garage Type: Attached
Interior Details
Bedroom & Bathroom Information
Bedrooms: 6
Bathrooms: 4
Room Information
Rooms: 16
Basement Information
Basement: Full
Basement Description: Unfinished
Exterior Details
Property Information
Ownership: Fee Simple
Exterior Building Type: Other
Age: 81-90 Years
Rehab Year: 2023
Rebuilt(Y/N): No
Parcel Number: 0612330016
Property Type: Residential Income
Year Built: 1934
Building Information
Special Conditions: None
Lot Information
Lot Size: Less Than .25 Acre
Lot Size Dimensions: 65 130
Land Information
Water Source: Public
Financial Details
Tax Year: 2023
Tax Annual Amount: $12,089
Tax Exemptions: None
Utilities Details
Heating: Natural Gas, Radiant
Sewer : Public Sewer
Location Details
Township: Elgin
Corporate Limits: Elgin
Directions: 25 past kimball to Algona West
County or Parish: Kane
Elementary School District: 46
Middle Or Junior School District: 46
High School District: 46
Other Details
Selling Agency Compensation: 2% -$450
Holds Earnest Money: No
Possession: Array
Some Photos Virtually Staged (Y/N): No
370 Algona Avenue
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Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Sold
House
4
Beds
4
Baths
4,300 ft²
$131/ft²
$565,200
Apr 18, 2024
$565,200
May 21, 2024
$817/mo
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
12/09/2022
|
|
6 Bed
|
-
|
-
|
$430,000
6 Bed
-
|
$385,000
-10.47%
03/15/2023
|
Sharon Mennerick
Keller Williams Inspire
|
Building Info
About Northeast Elgin
Similar Homes for Sale
Nearby Rentals
Listed by: Jose Herrera, Homesmart Connect LLC
Last Updated: 8 days ago
Data Source: MRED, MLS# 12048550
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 8 days ago
Data Source: MRED, MLS# 12048550
Courtesy of RH Advisors, Inc. and RHP Realty NJ, Inc.
