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Sold on 11/09/2017
Carlos Betancourt of Premier Living Properties

1640 Mark Ave, Elgin, IL 60123

  • $520,000

    Last sold 11/09/2017 after 163 Days

  • 14

    bed

  • 7

    bath

  • 7,104

    Sqft ($73/Sqft)

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About 1640 Mark Ave

Property type Multi-family
Neighborhood
Year built 1964
HOA fee $0/month
Lot size 0.36 Acre
Property description
Great brick building with 8 units all Two Bedroom Units. The building has been very well maintained and updated, Pictures of one of the units to get an idea of the size of the units, kitchen has plenty of room for a table,roof was replaced around 2007. building has fire sprinkler system and security cameras. Do the math, this building offers a positive cash flow, all units rent ranges from $895 to $940. Full basement and plenty of parking spaces. Property has great location, close to Metra, Randall Rd., and Hwy 31 interchanges on I-90, the Elgin-O'Hare Expressway, etc. Please do not disturb tenants, all showings must be confirmed.
Listed by
Listing Agent - Carlos Betancourt
Listing Office - Premier Living Properties
Source: MRED mls logo
MLS#09641561 • last updated 8 years ago
Movoto checked MRED for data 21 minutes ago
Overview
Cooling/AC Window Unit/s
Levels/Style 2
MLS # 9641561
Type Multi Family 5+
Property Tax $ 18476
Year Built 1964
Interior
# Of Full Bthrms - Type 6 1
# Of Full Bthrms - Type 7 1
# Of Full Bthrms - Type 2 1
# Of Full Bthrms - Type 4 1
# Of Full Bthrms - Type 5 1
# Of Full Bthrms - Type 3 1
Basement Partially Finished
# Of Rooms - Type 5 5
# Of Rooms - Type 7 5
# Of Rooms - Type 6 5
Exterior
Foundation Concrete
Exterior Brick
# Of Parking Spaces 12
Amenities / Utilities
# Units in Building 8
Location
Subdivision EAGLE HEIGHTS
County Kane
Directions Royal Blvd East Of Randal Rd Or West Of McLean To Ruth North To Mark East To Building
APN 610103007
Zoning MULTI
Multifamily Details
Unit 3: Total # of Rooms 5
Unit 1: Total # of Rooms 5
Unit 4: Total # of Rooms 5
Unit 2: Total # of Rooms 5
Unit 4: # of Bedrooms 2
Unit 3: # of Bedrooms 2
Unit 2: # of Bedrooms 2
Unit 1: # of Bedrooms 2
Tenant Pays Other
Unit 1: # Full Bath 1
Expense: Electricity 110
Gross Rental Income 88020
Total Annual Expense 13490
Gross Rent Multiplier 6.58
Expense: Fuel 300
Total Annual Expense Source Owner Projection
Expense: Water 380
Expense: Insurance 1850
Total Annual Income 88020
Lot/ Land Details
Current Use Residential-Multi-Family
We are not permitted to show value estimates for this property.
  • Nov 2017
    mls logo MLS # 09641561
  • Nov 11, 2017 Sold
    $520,000 (-7.9%)
  • Aug 31, 2017 Contingent
    —
  • Jul 31, 2017 Price Change
    $564,900 (-1.7%)
  • Jun 25, 2017 Price Change
    $574,900 (-0.9%)
  • May 30, 2017 Listed
    $579,900
  • 1640 Mark Ave
    $520K
  • Eagle Heights
    $429K +30% y/y
  • 60123
    $314K +4% y/y
  • Elgin
    $475K +18% y/y
No chart available
Statistics calculated by Movoto

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4/10
Creekside Elementary School
public Grades PK, K-6
School District U-46
2/10
Kimball 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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