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! - Tenants pay the utilities upstairs and the landlord pays for the utilities for the downstairs units. Expenses listed are those paid by the landlord only, including $1000 a year estimated for landscaping and snow removal.
Closed
$470,000
140 College St, Elgin, IL 60120
6beds
--sqft
Multi Family
Built in 1900
-- sqft lot
$532,800 Zestimate®
$--/sqft
$1,865 Estimated rent
Home value
$532,800
$496,000 - $570,000
$1,865/mo
Zestimate® history
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Large storageNewer waterNewer appliancesFreshly painted outsideNewer fridgeNewer flat roofHardwood floors
Zillow last checked:
Listing updated:
Listing courtesy of:
Puneet Kapoor 630-362-2673,
Keller Williams Infinity,
Nidhi Kapoor 331-643-7310,
Keller Williams Infinity
Bought with:
Dakota Nilson
@properties Commercial
Source: MRED as distributed by MLS GRID,MLS#: 11891597
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Natural Gas, Forced Air
Appliances
- Included: Multiple Water Heaters
Features
- Basement: Unfinished,Partial
Property
Parking
- Total spaces: 3
- Parking features: Unassigned, Off Street, On Site, Owned
Features
- Patio & porch: Porch
Lot
- Size: 0.25 Acres
- Dimensions: 52X91
- Features: Corner Lot
Details
- Parcel number: 0613156010
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Foundation: Concrete Perimeter, Stone
- Roof: Asphalt,Rubber
Condition
- New construction: No
- Year built: 1900
- Major remodel year: 2018
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Curbs, Sidewalks, Street Lights, Street Paved
Location
- Region: Elgin
Other
Other facts
- Listing terms: Cash
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 12/29/2023 | Sold | $470,000-10.5% |
Source:  MRED as distributed by MLS GRID #11891597 Report a problem | ||
| 12/28/2023 | Contingent | $525,000 |
Source: MRED as distributed by MLS GRID #11891597 Report a problem | ||
| 10/23/2023 | Price change | $525,000-4.5% |
Source: MRED as distributed by MLS GRID #11891597 Report a problem | ||
| 9/22/2023 | Listed for sale | $550,000 |
Source: MRED as distributed by MLS GRID #11891597 Report a problem | ||
| 9/22/2023 | Listing removed | -- |
Source: MRED as distributed by MLS GRID #11847401 Report a problem | ||
| 8/2/2023 | Listed for sale | $550,000+77.4% |
Source: MRED as distributed by MLS GRID #11847401 Report a problem | ||
| 10/19/2020 | Sold | $310,000+1801.8% |
Source: MRED as distributed by MLS GRID #10850691 Report a problem | ||
| 1/3/2018 | Sold | $16,300-72.8% |
Source: Public Record Report a problem | ||
| 10/3/2017 | Listing removed | $775 |
Source: Zillow Rental Manager Report a problem | ||
| 9/29/2017 | Price change | $775+34.8% |
Source: Zillow Rental Manager Report a problem | ||
| 9/20/2017 | Listed for rent | $575 |
Source: Zillow Rental Manager Report a problem | ||
| 7/8/2014 | Sold | $60,000-53.8% |
Source: Public Record Report a problem | ||
| 6/18/1999 | Sold | $130,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $7,277 +4.9% | $98,935 +10.7% |
| 2023 | $6,937 +15.5% | $89,380 +18.7% |
| 2022 | $6,007 +4.6% | $75,281 +7% |
| 2021 | $5,744 -6.3% | $70,383 +4.7% |
| 2020 | $6,128 +2.5% | $67,192 +5% |
| 2019 | $5,978 +0.3% | $64,004 +6.1% |
| 2018 | $5,961 +1.7% | $60,296 +5.8% |
| 2017 | $5,863 +4% | $57,002 +7.8% |
| 2016 | $5,640 | $52,882 +9.1% |
| 2015 | -- | $48,472 +1.2% |
| 2014 | -- | $47,874 -2.6% |
| 2013 | -- | $49,137 -16.8% |
| 2012 | -- | $59,053 -3.2% |
| 2011 | -- | $61,021 -9.6% |
| 2010 | -- | $67,538 -6.7% |
| 2009 | -- | $72,403 |
| 2008 | -- | $72,403 +3.3% |
| 2007 | -- | $70,077 +7% |
| 2006 | -- | $65,492 +12.3% |
| 2005 | -- | $58,338 +6.8% |
| 2004 | -- | $54,644 +7.8% |
| 2003 | -- | $50,695 +8% |
| 2002 | -- | $46,940 +7.5% |
| 2001 | -- | $43,685 +5.1% |
| 2000 | -- | $41,573 |
Find assessor info on the county website
Neighborhood: Gifford Park
Nearby schools
GreatSchools rating
- 4/10Ronald D O'Neal Elementary SchoolGrades: K-6Distance: 0.5 mi
- 3/10Larsen Middle SchoolGrades: 7-8Distance: 0.7 mi
- 2/10Elgin High SchoolGrades: 9-12Distance: 1.9 mi
Schools provided by the listing agent
- District: 46
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$532,800
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Estimated market value
$532,800
- Illinois
- Kane County
- Elgin
- 60120
- Gifford Park
- 140 College St
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Nearby neighborhoods
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