220 Dexter Avenue , Elgin, IL 60120
Elgin, IL 60120
Description
Here's an excellent investment property opportunity in the heart of Downtown Elgin, offering several standout features: **Prime Location:** Situated in the vibrant downtown area, this property is highly appealing to renters, thanks to its proximity to amenities, transportation, and potential employment hubs. **Income Growth Potential:** The basement unit offers exciting renovation possibilities. Converting it into a fourth rentable space could significantly boost the property's earning potential. **Recent Upgrades:** Major updates, including a new roof (2021), gutters, chimney rebuild, sewer line, and water heaters (2023), enhance the property's value. These improvements reduce the likelihood of costly repairs and make the property more attractive to tenants and buyers alike. City of Elgin will fix front landscaping and front section of cement driveway come spring. **Future City Enhancements:** Planned city infrastructure upgrades, such as lead pipe replacements, will ensure improved water quality for tenants and enhance the property's long-term desirability. Don't miss this fantastic chance to grow your investment portfolio!
Details
| MLS# | 12266014 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1880 |
| Days On Site | 14 |
| Listing Provided By | Fulton Grace Realty | Vickie Soupos |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 4 |
| Garage | 2 |
| Basement | Y |
| Zoning | MULTI |
| Acreage | 0.14 |
Market Activity 60120
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Learn More About This Property
| State | IL |
|---|---|
| County | Kane |
| City | Elgin |
| Zip Code | 60120 |
| Area | Elgin |
| School District | Larkin High School |
| Elementary School | Hillcrest Elementary School |
| Middle School | Kimball Middle School |
| High School | Larkin High School |
| Listing VS Median (in 60120) | |
Price: $309,900 low | high Med: $272,400 On Site: 14 low | high Med: 63.000000 | |