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!
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Street View
$580,000
370 Algona Ave, Elgin, IL 60120
7beds
--sqft
Multi Family
Built in 1934
-- sqft lot
$629,600 Zestimate®
$--/sqft
$2,092 Estimated rent
Home value
$629,600
$579,000 - $674,000
$2,092/mo
Zestimate® history
Owner options
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$2,092/mo
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$2,092/mo
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$4,156/mo
Est. payment
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$4,156/mo
Est. payment
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Zillow last checked:
Listing updated:
Listing courtesy of:
Jose Herrera 847-495-5000,
HomeSmart Connect,
Asaf Arevalo 847-463-0127,
HomeSmart Connect LLC
Bought with:
Sharon Lee Zumstein
Century 21 S.G.R., Inc.
Source: MRED as distributed by MLS GRID,MLS#: 12048550
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Natural Gas, Radiant
Features
- Basement: Unfinished,Full
Property
Parking
- Total spaces: 5
- Parking features: On Site, Garage Owned, Attached, Garage
- Attached garage spaces: 5
Details
- Additional parcels included: 0612330019,0612330017
- Parcel number: 0612330016
- Zoning: MULTI
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Other
Condition
- New construction: No
- Year built: 1934
- Major remodel year: 2023
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Elgin
Other
Other facts
- Listing terms: Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 6/24/2024 | Sold | $580,000 |
Source:  MRED as distributed by MLS GRID #12048550 Report a problem | ||
| 5/16/2024 | Contingent | $580,000 |
Source: MRED as distributed by MLS GRID #12048550 Report a problem | ||
| 5/10/2024 | Listed for sale | $580,000+50.6% |
Source: MRED as distributed by MLS GRID #12048550 Report a problem | ||
| 3/14/2023 | Sold | $385,000-10.5% |
Source: MRED as distributed by MLS GRID #11679536 Report a problem | ||
| 12/19/2022 | Contingent | $430,000 |
Source: MRED as distributed by MLS GRID #11679536 Report a problem | ||
| 12/9/2022 | Listed for sale | $430,000 |
Source: MRED as distributed by MLS GRID #11679536 Report a problem | ||
| 9/16/2021 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 8/28/2021 | Listed for rent | $850-2.9% |
Source: Zillow Rental Manager Report a problem | ||
| 7/23/2021 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 7/16/2021 | Listed for rent | $875+16.7% |
Source: Zillow Rental Manager Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 8/23/2019 | Listing removed | $750 |
Source: Owner Report a problem | ||
| 8/15/2019 | Listed for rent | $750+20% |
Source: Owner Report a problem | ||
| 4/25/2017 | Listing removed | $625 |
Source: Owner Report a problem | ||
| 4/14/2017 | Listed for rent | $625-16.7% |
Source: Owner Report a problem | ||
| 1/14/2016 | Listing removed | $750 |
Source: Owner Report a problem | ||
| 1/4/2016 | Listed for rent | $750 |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $10,971 +3.9% | $137,083 +10.7% |
| 2023 | $10,557 +17% | $123,844 +19% |
| 2022 | $9,024 +4% | $104,069 +7% |
| 2021 | $8,681 +2.5% | $97,297 +4.7% |
| 2020 | $8,471 +2.5% | $92,885 +5% |
| 2019 | $8,264 +0.3% | $88,479 +6.1% |
| 2018 | $8,241 +1.7% | $83,353 +5.8% |
| 2017 | $8,105 +4% | $78,799 +7.8% |
| 2016 | $7,797 | $73,104 +9.1% |
| 2015 | -- | $67,007 +1.2% |
| 2014 | -- | $66,180 -2.6% |
| 2013 | -- | $67,925 -17% |
| 2012 | -- | $81,882 +12.8% |
| 2011 | -- | $72,579 -9.7% |
| 2010 | -- | $80,331 -6.7% |
| 2009 | -- | $86,119 |
| 2008 | -- | $86,119 +3.3% |
| 2007 | -- | $83,352 +8.6% |
| 2006 | -- | $76,747 +55.4% |
| 2005 | -- | $49,372 -22.4% |
| 2004 | -- | $63,638 +7.8% |
| 2003 | -- | $59,039 +8% |
| 2002 | -- | $54,665 +7.5% |
| 2001 | -- | $50,874 +5.1% |
| 2000 | -- | $48,414 |
Find assessor info on the county website
Neighborhood: Northeastern Elgin
Nearby schools
GreatSchools rating
- 3/10Mckinley Elementary SchoolGrades: K-6Distance: 0.2 mi
- 3/10Larsen Middle SchoolGrades: 7-8Distance: 0.2 mi
- 2/10Elgin High SchoolGrades: 9-12Distance: 2.2 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
$629,600
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$629,600
- Illinois
- Kane County
- Elgin
- 60120
- Northeastern Elgin
- 370 Algona Ave
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Elgin Topics
