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Sold on 07/03/2020
Alexander Fenske of Keller Williams Preferred Rlty

486 Ashland Ave, Elgin, IL 60123

$300,000

Last sold 07/03/2020 for $140K

  • 5

    bed

  • —

    bath

Multi-family not for sale
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About 486 Ashland Ave

Property type Multi-family
Neighborhood
Year built 1879
HOA fee $0/month
Movoto estimate
Parking 3 garage spaces
Rental estimate
Property description
Incredible value in this Victorian 2-flat on a corner lot! Originally built as a single-family home, could be kept as a 2-unit or deconverted. Hardwood floors, original Victorian-era trim and solid wood doors, bay windows, hi-efficiency boiler for 1st flr and forced air furnace for 2nd floor. 1st floor is 3bd/1ba (3rd bedroom is very small), 2nd floor is 2bd/1ba, both units currently rented on month-to-month leases. Total rent of over $2,000/mo. Decks recently repaired/replaced. 2.5-car detached garage and spacious yard. Convenient location is 1 block from Marie Grolich park, walkable to National Street Metra, 2 minutes to elementary school, 6 minutes to middle school, 7 minutes to Larkin HS, 1 turn off of Rt 20, and 8 minutes to I-90. Property needs work and is sold as-is but is up-to-date with City of Elgin inspections. Conventional or cash, no FHA/VA. Photos are from before current tenants moved in.
Listed by
Listing Agent - Alexander Fenske
Listing Office - Keller Williams Preferred Rlty
Source: MRED mls logo
MLS#10759205 • last updated 6 years ago
Movoto checked MRED for data 21 minutes ago
Overview
Heating Gas, Forced Air, Hot Water/Steam, Radiators, 2+ Sep Heating Systems
Levels/Style Victorian
MLS # 10759205
Type Two To Four Units
Property Tax $ 4925.38
Year Built 1879
Interior
Basement Unfinished, Exterior Access, Full
Total # of Rooms 9
Exterior
Exterior Features Deck, Porch
Foundation Stone
Exterior Cedar, Frame, Shakes
Roof Asphalt/Glass (Shingles)
Parking Desc Garage
# Parking Spaces 2.5
Garage Desc Detached, None/NA
Lot Desc Less Than 0.25 Acre, Corner
Amenities / Utilities
Sewer/ Septic Desc Sewer-Public
Water Source Public
Location
Community Features Curbs, Sidewalks, Street Lights, Street Paved
County Kane
Elementary School Lowrie Elementary School
Middle School Abbott Middle School
High School District 46
Elementary School District 46
Middle School District 46
High School Larkin High School
Directions Rt 31 N Of Rt 20 To Lord E To Corner Of Ashland & Lord
APN 624155023
Zoning MULTI
Multifamily Details
Unit 2: Interior Features Stove, Refrigerator, Dishwasher, Window Air Conditioner
Unit 1: Interior Features Stove, Refrigerator, Window Air Conditioner
Unit 2: Tenant Pays Electric, Gas, Heat, Other
Unit 1: Tenant Pays Electric, Gas, Heat, Other
Unit 1: Rent 1170
Unit 2: Rent 850
Unit 1: Total # of Rooms 5
Unit 2: Total # of Rooms 4
Unit 2: # of Bedrooms 2
Unit 1: # of Bedrooms 3
Unit 1: SqFt 1200
Unit 2: SqFt 1000
Gross Rental Income 24240
Net Operating Income 16706
Unit 2: Security Deposit 850
Unit 1: Security Deposit 1170
Expense: Water 1284
$300K
Range: $243K-$357K
Last 30 days 
Rental est.: $17,725/month
Gross rent multiplier: 0.7 - Excellent
  • Nov 2020
    Public Records
  • Nov 18, 2020 Sold
    $140,000
  • Aug 2020
    mls logo MLS # 10759205
  • Aug 25, 2020 Sold
    $140,000 (-6.7%)
  • Jun 29, 2020 Contingent
    —
  • Jun 25, 2020 Listed
    $150,000 (-33.3%)
  • Jun 2009
    mls logo MLS # 07018767
  • Jun 2, 2009 Cancelled
    —
  • Sep 9, 2008 Listed
    $225,000 (+52.5%)
  • Jun 2008
    Public Records
  • Jun 5, 2008 Sold
    $147,500 (+0.2%)
  • May 2008
    mls logo MLS # 06628332
  • May 16, 2008 Sold
    $147,200 (-22.5%)
  • Aug 2, 2007 Listed
    $190,000
  • Year Property taxes Tax assessment
  • 2024
    $6,513 +3.9%
    $81,386 +10.69%
  • 2023
    $6,268 +16.5%
    $73,526 +18.53%
  • 2022
    $5,379 +4.0%
    $62,029 +6.96%
  • 2021
    $5,174 +2.5%
    $57,992 +4.75%
  • 2020
    $5,049 +2.5%
    $55,362 +4.98%
  • 2019
    $4,925 +0.3%
    $52,736 +6.15%
  • 2018
    $4,912 -99.0%
    $49,680 +5.78%
  • 2017
    $483,062 +10295.5%
    $46,966 +7.79%
  • 2016
    $4,647
    $43,571
  • 486 Ashland Ave
    $140K
  • Southwest Elgin
    $284K +4% y/y
  • 60123
    $309K 0% y/y
  • Elgin
    $395K -1% y/y
No chart available
Statistics calculated by Movoto

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3/10
Lowrie Elementary School
public Grades PK, 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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