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Sold on 10/07/2022
Mary Hager-Swanson of Swanson Real Estate

7 Lynch St, Elgin, IL 60123

  • $353,000

    Last sold 10/07/2022 for $320K

  • 1

    bed

  • 4

    bath

Multi-family not for sale
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About 7 Lynch St

Property type Multi-family
Neighborhood
Year built 1963
HOA fee $0/month
Movoto estimate
Parking 2 garage spaces
Property description
Low maintenance 4-unit consisting of (3) studio units and (1) one bedroom unit. Additional income from garage and laundry. Long term tenants, with the longest living in this building for 8 years. Rents are below market which makes this a great investment as current cap rate is about 7%. Quiet location. Current owner is installing fence along south side of parking log and will be complete prior to closing. Easy to show.
Listed by
Listing Agent - Mary Hager-Swanson
Listing Office - Swanson Real Estate
Source: MRED mls logo
MLS#11613769 • last updated 3 years ago
Movoto checked MRED for data 19 minutes ago
Overview
Heating Natural Gas
Levels/Style Farmhouse
MLS # 11613769
SubType 4 Flat
Status Closed
Type Two To Four Units
Property Tax $ 6518.2
Year Built 1963
Buyer Agent Commission 2.5% - $295, % Of Net Sale Price
Interior
Bath Desc Separate Shower
Basement None, None
Add'l Room(s) Utility Room-Lower Level
Total # of Rooms 9
Exterior
Foundation Concrete Perimeter
Roof Asphalt
Exterior Aluminum Siding
# Garage Spaces 2
# Parking Spaces 8
Garage Desc Detached
Other Structures Garage(s)
Lot Desc Less Than 0.25 Acre, Backs To Trees/Woods
Amenities / Utilities
Sewer/ Septic Desc Public Sewer
Water Source Public
# Units in Building 4
Location
Area Elgin
County Kane
Elementary School Washington Elementary School
Elementary School District 46
High School Larkin High School
Middle School District 46
Middle School Abbott Middle School
High School District 46
APN 614404010
Zoning MULTI
Multifamily Details
Expense: Insurance 1586
Expense: Other 149
Net Operating Income 24543
Gross Income 37550
Expense: Electricity 265
Expense: Fuel 1465
Expense: Water/ Sewer 3023
$353K
Range: $321K-$384K
Last 30 days 
  • Jan 2025
    Public Records
  • Jan 7, 2025 Sold
    $319,500 (-0.2%)
  • Nov 2022
    Public Records
  • Nov 16, 2022 Sold
    $320,000
  • Nov 2022
    mls logo MLS # 11613769
  • Nov 15, 2022 Sold
    $320,000
  • Oct 7, 2022 Active
    —
  • Sep 30, 2022 Price Change
    $319,900 (-3.0%)
  • Aug 25, 2022 Listed
    $329,900 (+46.6%)
  • Jan 2005
    Public Records
  • Jan 13, 2005 Sold
    $225,000
  • 7 Lynch St
    $320K
  • Near West Elgin
    $387K +64% y/y
  • 60123
    $320K +2% y/y
  • Elgin
    $417K 0% y/y
No chart available
Statistics calculated by Movoto

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4/10
Washington 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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  • Real Estate
  • IL
  • Kane County
  • Elgin
  • 60123
  • Near West Elgin
  • 7 Lynch St
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