This Renovated 2-Unit Brick Investment Property is a Money Making Machine! 1st Floor Unit 2 Bed, 1 Bath Duplexes Down & is Month to Month at $1200! This Unit has Potential to Add Additional Legal Bedrooms if Egress Windows are Installed Includes a Washer & Dryer! Perfect for an Owner Occupant Who Wants to Rent Hack or Multi-Generational Living! Great for Investors Who Want Consistent Cash Flow, as the Current Tenant Would Prefer to Stay! Owner Believes There is Room to Increase Rent for 1st Floor Unit Substantially. A 2nd Bathroom Could Be Added to the Lower Level. 2nd Floor Unit is 2 Bed, 1 Bath, Was Recently Renovated & is Leased Through March 2025 at $1350 Monthly! This Unit Includes a Complete Kitchen Remodel (2024) w/ Sleek White Cabinets, Quartz Countertops, Stainless Steel Appliances, GFCI Outlets (2024), New Carpeting (2024), Flooring (2024), Baseboard (2024), Fresh Paint (2024) & Complete Bath Remodel w/ White Subway Tiled Shower, New Vanity & Fixtures. Roof & 2nd Story Siding Was Replaced in 2023! Both Tenants Pay for Gas, Electricity & Garbage! Owner Pays Water & Common Area Utilities. Property Includes a 2 Car Garage & 2 Story Deck! 48 Hour Notice Required.
Closed
$322,500
37-39 S Porter St, Elgin, IL 60120
4beds
--sqft
Multi Family
Built in 1929
-- sqft lot
$367,700 Zestimate®
$--/sqft
$1,822 Estimated rent
Home value
$367,700
$349,000 - $386,000
$1,822/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Ryan Widerberg, ABR,PSA,RENE,SFR 847-849-7748,
eXp Realty - Chicago North Ave
Bought with:
Dorothy Kolschowsky
RE/MAX Excels
Source: MRED as distributed by MLS GRID,MLS#: 12079062
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Natural Gas, Forced Air
Features
- Basement: Partially Finished,None,Full
Property
Parking
- Total spaces: 2
- Parking features: On Site, Garage Owned, Detached, Garage
- Garage spaces: 2
Features
- Patio & porch: Deck
Lot
- Size: 6,534 Square Feet
- Dimensions: 67X102X66X102
Details
- Additional structures: Garage(s)
- Parcel number: 0613405006
- Zoning: MULTI
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1929
- Major remodel year: 2024
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Curbs, Sidewalks, Street Lights, Street Paved
Location
- Region: Elgin
Financial & listing details
- Tax assessed value: $254,151
- Annual tax amount: $6,009
- Date on market: 6/12/2024
- Listing terms: FHA
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 9/3/2024 | Sold | $322,500+7.5% |
Source:  MRED as distributed by MLS GRID #12079062 Report a problem | ||
| 6/18/2024 | Contingent | $300,000 |
Source: MRED as distributed by MLS GRID #12079062 Report a problem | ||
| 6/12/2024 | Listed for sale | $300,000+311% |
Source: MRED as distributed by MLS GRID #12079062 Report a problem | ||
| 8/8/2011 | Sold | $73,000-65.2% |
Source: Public Record Report a problem | ||
| 5/17/2006 | Sold | $210,000+40% |
Source: Public Record Report a problem | ||
| 2/4/2002 | Sold | $150,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,463 +3.5% | $84,717 +8.6% |
| 2024 | $6,245 +3.9% | $78,030 +10.7% |
| 2023 | $6,009 +16.4% | $70,494 +18.4% |
| 2022 | $5,163 +4% | $59,543 +7% |
| 2021 | $4,967 +2.5% | $55,668 +4.8% |
| 2020 | $4,847 +2.5% | $53,143 +5% |
| 2019 | $4,728 +0.3% | $50,622 +6.2% |
| 2018 | $4,715 +1.7% | $47,689 +5.8% |
| 2017 | $4,637 +4% | $45,083 +7.8% |
| 2016 | $4,461 | $41,825 +9.1% |
| 2015 | -- | $38,336 +1.2% |
| 2014 | -- | $37,863 -2.6% |
| 2013 | -- | $38,861 -18.8% |
| 2012 | -- | $47,867 -27.2% |
| 2011 | -- | $65,732 -9.7% |
| 2010 | -- | $72,753 -6.7% |
| 2009 | -- | $77,995 |
| 2008 | -- | $77,995 +3.3% |
| 2007 | -- | $75,488 +7.5% |
| 2006 | -- | $70,198 +6.5% |
| 2005 | -- | $65,920 +6.8% |
| 2004 | -- | $61,746 +7.8% |
| 2003 | -- | $57,283 +8% |
| 2002 | -- | $53,039 +7.4% |
| 2001 | -- | $49,362 +5.1% |
| 2000 | -- | $46,976 |
Find assessor info on the county website
Neighborhood: Gifford Park
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Nearby schools
GreatSchools rating
- 3/10Channing Memorial Elementary SchoolGrades: K-6Distance: 0.2 mi
- 4/10Ellis Middle SchoolGrades: 7-8Distance: 0.2 mi
- 2/10Elgin High SchoolGrades: 9-12Distance: 1.4 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
$367,700
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Estimated market value
$367,700
- Illinois
- Kane County
- Elgin
- 60120
- Gifford Park
- 37-39 S Porter St
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