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Sold on 05/01/2025
Maria Tamayo of Luna Real Estate Inc.
  • Exterior
  • Kitchen
  • Other
  • Entry Way
  • Living
  • Bedroom
  • Bath

167 Cherry St, Elgin, IL 60120

  • $239,000

    Last sold 05/01/2025 for $255K

  • 4

    bed

  • 2

    bath

Multi-family not for sale
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About 167 Cherry St

Property type Multi-family
Neighborhood
Year built 1865
HOA fee $0/month
Movoto estimate
Parking 2 garage spaces
Property description
This 2-unit property presents a fantastic investment opportunity. With the same tenants happily residing for 2 years and eager to stay, the property offers steady rental income. Recent improvements include updated plumbing in 2024, ensuring modern sewer piping. Both units feature new appliances, including refrigerators, water heaters, and stoves, and were remodeled prior to the current tenants' move-in. Tenants pay their own gas and electric, while the owner covers the water bill. Each unit also comes with a detached garage, providing added value. With these updates and reliable tenants, this property is a great long-term investment.
Listed by
Listing Agent - Maria Tamayo
Listing Office - Luna Real Estate Inc.
Source: MRED mls logo
MLS#12307747 • last updated 1 year ago
Movoto checked MRED for data 6 minutes ago
Overview
Heating Natural Gas
MLS # 12307747
SubType 2 Flat
Status Closed
Type Two To Four Units
Property Tax $ 4881.14
Year Built 1865
Interior
Total # of Rooms 10
Exterior
Construction Other
# Garage Spaces 2
Lot Desc Less Than 0.25 Acre
Amenities / Utilities
Sewer/ Septic Desc Public Sewer
Water Source Public
# Units in Building 2
Location
Area Elgin
County Kane
Elementary School District 46
Middle School District 46
High School District 46
APN 614229006
Directions Kimball To Spring To Cherry
Multifamily Details
Gross Income 33600
Total Rental Income 33600
$239K
Range: $212K-$265K
Last 30 days 
  • Mar 2023
    mls logo MLS # 11679481
  • Mar 20, 2023 Sold
    $180,000 (-5.3%)
  • Jan 13, 2023 Active
    —
  • Jan 6, 2023 Price Change
    $190,000 (-11.6%)
  • Dec 9, 2022 Listed
    $215,000
  • 167 Cherry St
    $255K
  • Northeast Elgin
    $384K +29% y/y
  • 60120
    $309K +1% y/y
  • Elgin
    $475K +18% y/y
No chart available
Statistics calculated by Movoto

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

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