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Sold on 07/27/2021
Joan Couris of Keller Williams Momentum
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406 Prospect St, Elgin, IL 60120

$462,500

Last sold 07/27/2021 after 10 Days

  • 8

    bed

  • 4

    bath

Multi-family not for sale
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About 406 Prospect St

Property type Multi-family
Neighborhood
HOA fee $0/month
Lot size 0.48 Acre
Property description
Well maintained and fully rented 4 unit near Gold Coast with 2 bed/1 bath in each unit. Many recent updates including newer plumbing, electric, 4 hwh, 4 furnaces (2 high efficiency in the basement, 2 85% in attic, high efficiency windows, new carpeting, interior and exterior painting. Tenant pays all utilities! Each unit has an updated kitchen with refrigerator, range and microwave, full bath, living area, 2 bedrooms, deck area and designated parking spot. Additional owner storage in basement and attic. Photos shown are of unit 2 and finishes are similar in other units. Agents - please read agent comments.
Listed by
Listing Agent - Joan Couris
Listing Office - Keller Williams Momentum
Source: MRED mls logo
MLS#11159891 • last updated 5 years ago
Movoto checked MRED for data 32 minutes ago
Overview
MLS # 11159891
Virtual Tour N/A
SubType 4 Flat
Status Closed
Type Two To Four Units
Lot Size (Acres) 0.48
Property Tax $ 7260.58
Interior
Total # of Rooms 20
Exterior
Construction Stucco
Lot Desc .25-.49 Acre, Corner Lot
Amenities / Utilities
Sewer/ Septic Desc Public Sewer
Water Source Public
# Units in Building 4
Location
Area Elgin
County Kane
Elementary School District 46
Middle School District 46
High School District 46
APN 612361010
Zoning MULTI
Directions DUNDEE AVE. TO SUMMIT WEST TO PROSPECT. SOUTH
Multifamily Details
Expense: Maintenance 6000
Expense: Insurance 3644
Gross Income 48000
Expense: Fuel 3200
Total Rental Income 25950
We are not permitted to show value estimates for this property.
  • Oct 2021
    Public Records
  • Oct 14, 2021 Sold
    $462,500
  • Sep 2021
    mls logo MLS # 11159891
  • Sep 30, 2021 Sold
    $462,500 (+21.7%)
  • Jul 28, 2021 Active
    —
  • Jul 17, 2021 Listed
    $380,000 (+200.4%)
  • Jul 2013
    Public Records
  • Jul 10, 2013 Sold
    $126,500
  • Jul 2013
    mls logo MLS # 08293557
  • Jul 5, 2013 Sold
    $126,406 (+40.6%)
  • Mar 15, 2013 Listed
    $89,900 (-60.7%)
  • Apr 2012
    mls logo MLS # 07190267
  • Apr 17, 2012 Expired
    —
  • Apr 16, 2009 Listed
    $229,000 (-20.8%)
  • Dec 2008
    mls logo MLS # 07003956
  • Dec 3, 2008 Cancelled
    —
  • Aug 25, 2008 Listed
    $289,000 (-0.3%)
  • Jul 2007
    Public Records
  • Jul 30, 2007 Sold
    $290,000
  • Jul 2007
    mls logo MLS # 06404512
  • Jul 17, 2007 Sold
    $290,000 (-7.9%)
  • Feb 6, 2007 Listed
    $314,900
  • Year Property taxes Tax assessment
  • 2025
    $9,954 +3.5%
    $120,175
  • 2024
    $9,617 +3.9%
    $120,175 +10.69%
  • 2023
    $9,255 +16.7%
    $108,569 +18.74%
  • 2022
    $7,929 +4.0%
    $91,436 +6.96%
  • 2021
    $7,627 +2.5%
    $85,487 +4.75%
  • 2020
    $7,443 +2.5%
    $81,611 +4.98%
  • 2019
    $7,261 +0.3%
    $77,739 +6.15%
  • 2018
    $7,240 -99.0%
    $73,235 -0.57%
  • 2017
    $757,538 +10295.3%
    $73,652 +7.79%
  • 2016
    $7,287
    $68,329
  • 406 Prospect St
    $462K
  • Northeast Elgin
    $342K +10% y/y
  • 60120
    $315K +5% y/y
  • Elgin
    $399K +2% y/y
No chart available
Statistics calculated by Movoto

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3/10
Ronald D O'Neal Elementary School
public Grades 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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