Movoto Real Estate
Sold on 01/16/2025
Vickie Soupos of Fulton Grace Realty

220 Dexter Ave, Elgin, IL 60120

  • $309,000

    Last sold 01/16/2025 for $286K

  • 4

    bed

  • 4

    bath

Multi-family not for sale
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About 220 Dexter Ave

Property type Multi-family
Neighborhood
Year built 1880
HOA fee $0/month
Lot size 6,098 Sqft
Movoto estimate
Parking 2 garage spaces
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!
Listed by
Listing Agent - Vickie Soupos
Listing Office - Fulton Grace Realty
Source: MRED mls logo
MLS#12266014 • last updated 1 year ago
Movoto checked MRED for data 4 minutes ago
Overview
Heating Radiant
MLS # 12266014
Virtual Tour N/A
Status Closed
Type Two To Four Units
Lot Size (Acres) 0.14
Property Tax $ 5967
Year Built 1880
Interior
Basement Partially Finished
Total # of Rooms 11
Exterior
Roof Asphalt
Exterior Vinyl Siding
# Garage Spaces 2
Parking Desc Garage
Garage Desc Detached
Lot Desc Less Than 0.25 Acre
Amenities / Utilities
Sewer/ Septic Desc Public Sewer
Water Source Lake Michigan
# Units in Building 4
Location
Area Elgin
County Kane
Elementary School Hillcrest Elementary School
Elementary School District 46
High School Larkin High School
Middle School District 46
Middle School Kimball Middle School
High School District 46
APN 613151009
Zoning MULTI
Directions DUNDEE AVE S OF 58 TO DEXTER WEST
Multifamily Details
Expense: Trash 2024
Expense: Insurance 1920
Gross Income 37500
Expense: Electricity 200
Expense: Fuel 1500
Expense: Water/ Sewer 2100
Total Rental Income 37500
$309K
Range: $268K-$349K
Last 30 days 
  • Feb 2025
    Public Records
  • Feb 18, 2025 Sold
    $286,000
  • Feb 2025
    mls logo MLS # 12266014
  • Feb 11, 2025 Sold
    $286,000 (-7.7%)
  • Jan 20, 2025 Pending
  • Jan 7, 2025 Listed
    $309,900 (+3.3%)
  • Aug 2024
    mls logo MLS # 12099199
  • Aug 7, 2024 Pending
  • Jul 1, 2024 Listed
    $299,900
  • May 2024
    mls logo MLS # 12015645
  • May 8, 2024 Active
  • Apr 25, 2024 Listed
  • Apr 16, 2024 Active
  • Mar 28, 2024 Listed
    $299,800 (+24.9%)
  • Feb 2021
    Public Records
  • Feb 1, 2021 Sold
    $240,000
  • Nov 2020
    mls logo MLS # 10843471
  • Nov 13, 2020 Sold
    $240,000 (-15.8%)
  • Sep 8, 2020 Contingent
  • Sep 2, 2020 Listed
    $284,900 (-3.4%)
  • Sep 2020
    mls logo MLS # 10793805
  • Sep 2, 2020 Cancelled
  • Jul 24, 2020 Listed
    $295,000 (+81.0%)
  • Feb 2003
    Public Records
  • Feb 10, 2003 Sold
    $163,000 (+16.4%)
  • Apr 2002
    Public Records
  • Apr 23, 2002 Sold
    $140,000
  • 220 Dexter Ave
    $286K
  • Downtown Elgin
    $352K +11% y/y
  • 60120
    $310K +3% y/y
  • Elgin
    $440K +10% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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  • 220 Dexter Ave
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