230 s state Street Elgin, IL ^$ 4,700,000

230 s state Street

^$ 4,700,000

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230 s state Street

Elgin, IL, 60123

^$ 4,700,000

Bedrooms6 Baths0.0

Monthly Estimate*

^$ 31,238

230 s state Street, Elgin, IL 60123 - Image 1

Multi-Family Home for sale in Elgin, IL

for $4,700,000 with 6 bedrooms. This home was built in 1962.

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.

Multi-Family Contingent

Price

^$ 4,700,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 45,922

Style

Multi-Family

Year Built

1962

Town/City

Elgin

County/Region

Kane

MLS | Web ID

12005401

Features

General

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 Multi Family 5+

Contingency Attorney/Inspection

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 N

Days on Market 80

Standard Status Active Under Contract

Exterior

Lot Dimensions 32X142X176X201

Interior

Street Suffix Street

Basement Finished

* Excluded Features

List By

Arni Realty Incorporated

Broker

jyshparekh@hotmail.com

Affordability Calculator

$35,064

Per Month

Monthly Principal & Interest: $31,238
Monthly Property Taxes: $3,827
Monthly Home Insurance: --

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Down Payment

Loan Term

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Elgin, IL

Average List Price ^$740,719

Percent of Sale Price 84%

About Elgin, IL

114,155 Population

21% Since 2002

^$61,828 Median Income

35.71 Median Age

38% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/17/2024	$4,700,000		Listed Price

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230 s state Street, Elgin, IL, 60123 is a Multi-Family Home for sale at $4,700,000. 230 s state Street has 6 bedrooms, 0.0 baths, and was built in 1962. The property's zip code is 60123 which is in Elgin, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 6/10/2024.

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230 s state Street

Multi-Family Home for sale in Elgin, IL

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