Address
230 s state Street, Elgin, IL
Price
$ 4,700,000
Property Attributes
  • MLS#12005401
  • TypeContingent
  • CountyKANE
  • CityElgin
  • AreaElgin
  • Zip60123
  • StyleMulti-Family
  • Year Built1962
  • Taxes$ 45922
  • Price$ 4,700,000
  • Bedrooms6
  • Full Bathrooms0
  • Half Bathrooms0
Data Source:
Midwest Real Estate Data (MRED)
Property Description

This great opportunity for an investment building so conveniently located near a Metra stop (only 1.4 miles away), Randall Rd, Rt 20, and I90 does not come along very often! 230 State Street offers Building is fully rented many long terms tenant positive cash flow.

Price History
3/17/2024 Listed $4,700,000

General Features

Zoning MULTI
Construction Materials Brick
Year Built 1962
Tenant Pays Electricity
Stories 4
Township Elgin
Tax Year 2022
Current Use Multi-Family
Gross Income 552000
County Kane
Net Operating Income 422378
Operating Expense 136822
Insurance Expense 15000
Property Type Commercial Sale
Contingency Attorney/Inspection
MaintenanceExpense 17500
Status Contingent
Directions 90 to States north to address
City Elgin
NumberOfUnitsTotal 32
MLS Area Elgin
Street Name state
Tax Annual Amount 45922
Electric Expense 3600
Fuel Expense 19200
Trash Expense 6000
Water Sewer Expense 26000
Additional Parcels Y/N No
Days on Market 80
Standard Status Active Under Contract
Property Type Multi Family 5+

Interior Features

Street Suffix Street
Basement Finished

Exterior Features

Lot Dimensions 32X142X176X201

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Contingent Average in 60123

Price
AVG $410K
$4.7M
Taxes
AVG $6,010
$45,922
Visits
AVG 238
443
Data Provided by Inside Real Estate®
Year Built
AVG 1967
1962