BEDS6
BATHS2 full
MLS#12704270
STATUSNew
PROPERTY TYPEMulti Unit - Multiple
SCHOOLDistrict 46
Property Description
Great Turnkey Investment Opportunity located in historic district just north of rapidly developing downtown Elgin. Remodel in 2020 included 2 new eat-in kitchens with granite countertops & new appliances, new bathrooms, all new gas forced-air HVAC system with new central air conditioning units, furnaces, and hot water heaters. New roof on house & garage along with all copper pipes replacing old galvanized also in 2020. Large 2-story detached 1200sf garage currently used for owner's storage is potential 3rd unit coach house development or can be rented to tenants now for indoor parking income. Separately metered gas & electric. Coin-operated commercial washer & dryer in basement shared by both units provides extra income. Second floor tenants maintain lawn and bushes and are responsible for snow removal in exchange for $60/month reduction in rent which is reflected in adjusted Unit 2 current lease amount of $1,640/month. Both apartments are currently leased - start out with strong cash flow right away. Photos are from when both units were vacant prior to tenant occupancy.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished, Full
Garage: 2
Heating: Natural Gas, Forced Air
Lot Size: 0.20 Acres
Roof Type: Asphalt
Taxes: $7,406
Feature Descriptions
Lot Dimensions: 133 X 67 X 133 X 66
Other Equipment: TV-Cable, Sump Pump, Multiple Water Heaters, Water Heater-Gas
Parcel#: 0611484006
Parking: Yes, Garage Owned, Detached, Driveway, Owned, Garage
Sewer: Public Sewer
Total Rooms: 10
Township: Elgin
Water: Public
Local Schools
School District: District 46
Listed By / Shown By
Listed By
Agency Name: HomeSmart Connect
Agency Phone: 847-495-5000
Shown By
Agent Name: Tina Tendall and Amanda Clark
Agent Phone: (815) 623-5555
Agency Title: Gambino Realtors
Estimate Your Payment
Estimated Payment
$ 2,647.44 per month $1,907.77 Principal & Interest $617.17 Property Tax $122.50 Homeowner's InsuranceChange Payment Information
Tina Tendall and Amanda Clark
Cell: (815) 904-3800
Fax: (866) 437-7365
Office - Bell School: (815) 623-5555
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472 N Spring Street | MLS# 12704270
This multi-family property located at 472 N Spring Street , Elgin, IL 60120 is currently listed for sale with an asking price of $420,000. N Spring Street is located within the District 46 school district. Search Elgin real estate on teisler.gogambino.com today.