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Dick Barr, CRS

db@dickbarr.com +1(847) 644-1154

$ 309,900

Est. payment -/mo

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Active

220 Dexter AVE Elgin, IL 60120

4 Beds

4 Baths

6,098 Sqft Lot

UPDATED:

01/15/2025 08:01 AM

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

Area Elgin

Zoning MULTI

Rooms

Basement Full, Walkout

Interior

Heating Radiant

Fireplace N

Exterior

Parking Features Detached

Garage Spaces 2.0

Community Features Sidewalks, Street Lights, Street Paved

Roof Type Asphalt

Building

Dwelling Type Two to Four Units

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

Listed by Vickie Soupos • Fulton Grace Realty

Dick Barr, CRS

Managing Broker | License ID: 471.011187

+1(847) 644-1154

Dick Barr, CRS

220 Dexter AVE Elgin, IL 60120

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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220 Dexter AVE