220 Dexter Avenue new Save Request In-Person Tour Request Virtual Tour
Elgin,IL 60120
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12266014
Bedrooms 4
Year Built 1880
Annual Tax Amount $5,967
Tax Year 2022
Lot Size 6,098 Sqft
Lot Dimensions 54 X 127
Property Description
Here's an excellent investment property opportunity in the heart of Downtown Elgin, offering several standout features: **Prime Location:** Situated in the vibrant downtown area, this property is highly appealing to renters, thanks to its proximity to amenities, transportation, and potential employment hubs. **Income Growth Potential:** The basement unit offers exciting renovation possibilities. Converting it into a fourth rentable space could significantly boost the property's earning potential. **Recent Upgrades:** Major updates, including a new roof (2021), gutters, chimney rebuild, sewer line, and water heaters (2023), enhance the property's value. These improvements reduce the likelihood of costly repairs and make the property more attractive to tenants and buyers alike. City of Elgin will fix front landscaping and front section of cement driveway come spring. **Future City Enhancements:** Planned city infrastructure upgrades, such as lead pipe replacements, will ensure improved water quality for tenants and enhance the property's long-term desirability. Don't miss this fantastic chance to grow your investment portfolio!
Location
State IL
County Kane
Community Sidewalks,Street Lights,Street Paved
Zoning MULTI
Rooms
Basement Full,Walkout
Interior
Heating Radiant
Fireplace N
Exterior
Parking Features Detached
Garage Spaces 2.0
View Y/N true
Roof Type Asphalt
Building
Sewer Public Sewer
Water Lake Michigan
New Construction false
Schools
Elementary Schools Hillcrest Elementary School
Middle Schools Kimball Middle School
High Schools Larkin High School
School District 46,46,46
Others
Ownership Fee Simple
Special Listing Condition None