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Sold on 07/18/2018
Patrick Jage of Sterling Realty & Prop Mgt LLC

85 S Crystal St, Elgin, IL 60123

$975,000

Last sold 07/18/2018 after 170 Days

  • 3

    bed

  • 2

    bath

Multi-family not for sale
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About 85 S Crystal St

Property type Multi-family
Neighborhood
Year built 1972
HOA fee $0/month
Lot size 0.77 Acre
Property description
Well cared for 15 unit apartment building with nine 2 bedroom and six 1 bedroom units. New $40,000 roof in 2017, more than half of the units have been updated. Large lot with potential future development. 2 washers and 2 dryers provide additional income. Using a 10% vacancy factor still yields a 10. 05% cap rate. Currently building full and priced to sell!
Listed by
Listing Agent - Patrick Jage
Listing Office - Sterling Realty & Prop Mgt LLC
Source: MRED mls logo
MLS#09843710 • last updated 8 years ago
Movoto checked MRED for data 31 minutes ago
Overview
Cooling/AC Wall Sleeve
Levels/Style 3
MLS # 9843710
Type Multi Family 5+
Property Tax $ 30543
Year Built 1972
Interior
# Of Full Bthrms - Type 2 1
Basement Unfinished
Exterior
# Of Parking Spaces 30
Amenities / Utilities
# Units in Building 15
Location
County Kane
Directions RT 31 TO LOCUST W TO CRYSTAL N TO PROPERTY
APN 614429005
Zoning MULTI
Multifamily Details
Unit 1: Total # of Rooms 3
Unit 2: Total # of Rooms 4
Unit 2: # of Bedrooms 2
Unit 1: # of Bedrooms 1
Unit 1: # Full Bath 1
Expense: Electricity 1034
Gross Rental Income 17550
Net Operating Income 11530
Total Annual Expense 60192
Gross Rent Multiplier 5.63
Expense: Fuel 3398
Total Annual Expense Source Actual
Expense: Water 10858
Expense: Insurance 2857
Total Annual Income 173100
Lot/ Land Details
Road Frontage City Street
Possible Use Multi-Family
Current Use Multi-Family
We are not permitted to show value estimates for this property.
  • Feb 2022
    Public Records
  • Feb 8, 2022 Sold
    $1,225,000 (+27.6%)
  • Jul 2018
    Public Records
  • Jul 27, 2018 Sold
    $960,000 (-1.5%)
  • Jul 2018
    mls logo MLS # 09843710
  • Jul 19, 2018 Sold
    $975,000
  • May 8, 2018 Active
    —
  • May 8, 2018 Contingent
    —
  • May 4, 2018 Re-Activated
    —
  • May 3, 2018 Temporarily No Showings
    —
  • Jan 31, 2018 Contingent
    —
  • Jan 29, 2018 Listed
    $975,000 (+57.3%)
  • Jul 2015
    Public Records
  • Jul 28, 2015 Sold
    $620,000 (-34.9%)
  • May 2007
    Public Records
  • May 24, 2007 Sold
    $952,500 (-2.8%)
  • Dec 2004
    Public Records
  • Dec 9, 2004 Sold
    $980,000 (+34.2%)
  • May 2001
    Public Records
  • May 24, 2001 Sold
    $730,000
  • Year Property taxes Tax assessment
  • 2024
    $37,230 +3.9%
    $465,210 +10.69%
  • 2023
    $35,827 +7.8%
    $420,282 +9.67%
  • 2022
    $33,230 +4.0%
    $383,224 +6.96%
  • 2021
    $31,965 +2.5%
    $358,287 +4.75%
  • 2020
    $31,195 +2.5%
    $342,040 +4.98%
  • 2019
    $30,430
    $325,815
  • 85 S Crystal St
    $975K
  • Near West Elgin
    $385K +138% y/y
  • 60123
    $319K +2% y/y
  • Elgin
    $379K -2% 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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  • 85 S Crystal St
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