Investment opportunity!!This 4-unit property boasts positive cash flow, making it a great addition to any portfolio. Each unit is meticulously maintained and fully occupied, ensuring a steady stream of income. With a convenient location, strong rental history, and potential for further growth. Don't miss out on this turnkey investment gem!
Closed
$580,000
370 Algona Ave, Elgin, IL 60120
7beds
--sqft
Multi Family
Built in 1934
-- sqft lot
$598,900 Zestimate®
$--/sqft
$2,385 Estimated rent
Home value
$598,900
$551,000 - $647,000
$2,385/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: June 26, 2024 at 01:30am
Listing courtesy of:
Jose Herrera 630-777-7579,
HomeSmart Connect,
Asaf Arevalo 847-463-0127,
HomeSmart Connect LLC
Bought with:
Sharon Lee Zumstein
Century 21 S.G.R., Inc.
Source: MRED as distributed by MLS GRID,MLS#: 12048550
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Natural Gas, Radiant
Features
- Basement: Unfinished,Full
Property
Parking
- Total spaces: 5
- Parking features: On Site, Garage Owned, Attached, Garage
- Attached garage spaces: 5
Details
- Additional parcels included: 0612330019,0612330017
- Parcel number: 0612330016
- Zoning: MULTI
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Other
Condition
- New construction: No
- Year built: 1934
- Major remodel year: 2023
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Elgin
Other
Other facts
- Listing terms: Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 6/24/2024 | Sold | $580,000 |
Source:  MRED as distributed by MLS GRID #12048550 | ||
| 5/16/2024 | Contingent | $580,000 |
Source: MRED as distributed by MLS GRID #12048550 | ||
| 5/10/2024 | Listed for sale | $580,000+50.6% |
Source: MRED as distributed by MLS GRID #12048550 | ||
| 3/14/2023 | Sold | $385,000-10.5% |
Source: MRED as distributed by MLS GRID #11679536 | ||
| 12/19/2022 | Contingent | $430,000 |
Source: MRED as distributed by MLS GRID #11679536 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $10,971 +3.9% | $137,083 +10.7% |
| 2023 | $10,557 +17% | $123,844 +19% |
| 2022 | $9,024 +4% | $104,069 +7% |
Find assessor info on the county website
Neighborhood: Northeastern Elgin
Nearby schools
GreatSchools rating
- 2/10Mckinley Elementary SchoolGrades: K-6Distance: 0.2 mi
- 2/10Larsen Middle SchoolGrades: 7-8Distance: 0.2 mi
- 2/10Elgin High SchoolGrades: 9-12Distance: 2.3 mi
Schools provided by the listing agent
- District: 46
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Get a free Zillow Showcase℠ listing and you could sell for .
$598,900
2% more+ $11,978
With Zillow Showcase(estimated)
$610,878