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Sold on 11/15/2017
Ben Henrikson of RE/MAX Horizon

1621 Meyer St, Elgin, IL 60123

  • $680,000

    Last sold 11/15/2017 for $336K

  • 2

    bed

  • 1

    bath

  • 5,760

    Sqft ($58/Sqft)

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About 1621 Meyer St

Property type Multi-family
Neighborhood
Year built 1969
HOA fee $0/month
Lot size 0.52 Acre
Movoto estimate
Property description
All brick six unit property. All two bedroom units above grade. All units are the same floor plan. There is a full basement for storage. Formerly was an eight unit with two units in the basement that were removed per the city. Large parking lot and huge double lot with lots of green space on the corner. Separate electric for each unit.
Listed by
Listing Agent - Ben Henrikson
Listing Office - RE/MAX Horizon
Source: MRED mls logo
MLS#09717834 • last updated 8 years ago
Movoto checked MRED for data 20 minutes ago
Overview
Levels/Style 2
MLS # 9717834
Type Multi Family 5+
Property Tax $ 13431
Year Built 1969
Interior
Exterior
Foundation Concrete
Exterior Brick
# Of Parking Spaces 8
Amenities / Utilities
# Units in Building 6
Location
Subdivision Country Knolls South
County Kane
Directions Larkin Ave. To Erie St. W. To Meyer
APN 622102029
Zoning MULTI
Multifamily Details
Unit 1: Total # of Rooms 4
Unit 1: # of Bedrooms 2
Unit 1: # Full Bath 1
Expense: Electricity 1344
Gross Rental Income 52500
Net Operating Income 24900
Total Annual Expense 27600
Gross Rent Multiplier 7
Expense: Fuel 3109
Total Annual Expense Source Combination
Expense: Water 2855
Expense: Insurance 3200
Total Annual Income 52500
$680K
Range: $530K-$829K
Last 30 days 
  • Nov 2017
    mls logo MLS # 09717834
  • Nov 15, 2017 Sold
    $336,000 (-6.7%)
  • Sep 15, 2017 Contingent
    —
  • Sep 8, 2017 Re-Activated
    —
  • Aug 18, 2017 Contingent
    —
  • Aug 8, 2017 Listed
    $360,000
  • 1621 Meyer St
    $336K
  • Southwest Elgin
    $275K +3% y/y
  • 60123
    $314K +3% y/y
  • Elgin
    $439K +10% y/y
No chart available
Statistics calculated by Movoto

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3/10
Hillcrest Elementary School
public Grades K-6
School District U-46
1/10
Abbott Middle School
public Grades 7-8
School District U-46
2/10
Larkin High School
public Grades 9-12
School District U-46
Source: GreatSchools.org © 2026. All rights reserved.

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