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Sold on 11/21/2017
Bruce Wascher of RE/MAX Horizon

517 E Chicago St, Elgin, IL 60120

  • $200,000

    Last sold 11/21/2017 after 81 Days

  • 2

    bed

  • 2

    bath

Multi-family not for sale
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About 517 E Chicago St

Property type Multi-family
Neighborhood
Year built 1885
HOA fee $0/month
Lot size 0.59 Acre
Rental estimate
Property description
Well maintained eight unit building with excellent cash flow! Great opportunity to buy a vintage building located in the Elgin Historic District at an affordable price! First floor unit has two bedrooms, balance of the building has one efficiency apartment on the first floor and six sleeping rooms on the second & third floors. Full basement with plenty of storage space, updated electrical service with circuit breakers, new water heater. Large paved parking lot, huge wooded lot backing to Channing Memorial Park with tennis courts, walking paths and playground. Dependable long-term tenants and solid money maker!
Listed by
Listing Agent - Bruce Wascher
Listing Office - RE/MAX Horizon
Source: MRED mls logo
MLS#09738365 • last updated 8 years ago
Movoto checked MRED for data 12 minutes ago
Overview
Levels/Style 3
MLS # 9738365
Type Multi Family 5+
Lot Size (SqFt) 25899
Property Tax $ 7488
Year Built 1885
Interior
# Of Full Bthrms - Type 2 1
Basement Unfinished
Exterior
Foundation Stone
Exterior Frame
# Of Parking Spaces 8
Amenities / Utilities
# Units in Building 8
Location
County Kane
Directions E Chicago St (Rt 19) West Of Liberty St (Rt 25) To Bulding.
APN 613404007
Zoning MULTI
Multifamily Details
Unit 3: Total # of Rooms 1
Unit 1: Total # of Rooms 4
Unit 2: Total # of Rooms 3
Unit 1: # of Bedrooms 2
Tenant Pays None
Unit 1: # Full Bath 1
Expense: Electricity 2314
Gross Rental Income 50880
Net Operating Income 35172
Total Annual Expense 15708
Gross Rent Multiplier 4.5
Expense: Fuel 2329
Total Annual Expense Source Owner Projection
Expense: Water 958
Expense: Insurance 1254
Total Annual Income 50880
Lot/ Land Details
Road Frontage City Street
Possible Use Residential-Multi-Family
Current Use Residential-Multi-Family
  • Nov 2017
    mls logo MLS # 09738365
  • Nov 21, 2017 Sold
    $200,000 (-9.0%)
  • Nov 20, 2017 Pending
    —
  • Sep 11, 2017 Contingent
    —
  • Sep 1, 2017 Listed
    $219,900 (-2.3%)
  • Sep 2017
    mls logo MLS # 09700152
  • Sep 1, 2017 Expired
    —
  • Jul 24, 2017 Listed
    $225,000
  • Jul 2017
    mls logo MLS # 09619342
  • Jul 24, 2017 Cancelled
    —
  • May 8, 2017 Listed
    $225,000
  • Apr 2017
    mls logo MLS # 09471899
  • Apr 16, 2017 Expired
    —
  • Jan 4, 2017 Listed
    $225,000 (-6.2%)
  • Nov 2016
    mls logo MLS # 09215568
  • Nov 3, 2016 Expired
    —
  • Sep 13, 2016 Re-Activated
    —
  • Sep 1, 2016 Contingent
    —
  • May 2, 2016 Listed
    $239,900

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Nearby homes for sale in Elgin, IL

  • Real Estate
  • IL
  • Kane County
  • Elgin
  • 60120
  • Gifford Park
  • 517 E Chicago St
We are not permitted to show value estimates for this property.

Nearby recently sold homes in Elgin, IL

  • 517 E Chicago St
    $200K
  • Gifford Park
    $307K -22% y/y
  • 60120
    $305K 0% y/y
  • Elgin
    $479K +12% y/y
No chart available
Statistics calculated by Movoto
2/10
Channing Memorial Elementary School
public Grades K-6
School District U-46
4/10
Ellis 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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