A
Seller's Agent in 2025
Andy Walton
The McDonald Group
1 in this area
49 Total Sales
Excellent Investment Opportunity - Fully Leased 4-Unit Building in Prime Elgin Location! Spacious and well-maintained, this fully occupied multi-unit property is an ideal addition to any investor's portfolio. All four units are currently leased, generating immediate rental income. Three of the units feature updated kitchens and bathrooms, providing modern comfort for tenants. Recent mechanical and structural updates offer peace of mind: TWO NEW FURNACE UNITS installed in October 2024, Two hot water heaters - 40-gallon (installed Dec 2022) & 50-gallon (installed Dec 2011). Building exterior painted, plus new gutters and downspouts (2021) and driveway/parking lot sealed (2025). The property includes two separate basement areas: One basement provides community storage for tenants and houses a coin-operated laundry (1 washer & 1 dryer) and the second basement is secured for landlord use, perfect for storage or a workshop. Ample off-street parking with 11 total spaces, 2 reserved per unit and 3 visitor spots. Conveniently located within walking distance to Gail Borden Library, Hemmens Cultural Center, Elgin Recreation Center, the scenic Fox River, and all the vibrant offerings of Downtown Elgin. Don't miss out on this great investment opportunity!
Last Agent to Sell the Property
HomeSmart Connect License #475191288 Listed on: 08/01/2025
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $575,000 | First American Title | |
| Warranty Deed | $250,000 | Ticor Title Insurance Co | |
| Warranty Deed | $440,000 | Multiple | |
| Interfamily Deed Transfer | -- | First American Title Ins Co | |
| Warranty Deed | $106,500 | -- | |
| Interfamily Deed Transfer | -- | -- |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $431,250 | New Conventional | |
| Previous Owner | $200,000 | Purchase Money Mortgage | |
| Previous Owner | $352,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $152,652 | No Value Available | |
| Previous Owner | $106,084 | FHA |
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/24/2025 11/24/25 | Sold | $575,000 | -3.4% | -- |
| 08/11/2025 08/11/25 | Pending | -- | -- | -- |
| 08/01/2025 08/01/25 | For Sale | $595,000 | -- | -- |
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $8,312 | $103,861 | $16,747 | $87,114 |
| 2023 | $7,999 | $93,831 | $15,130 | $78,701 |
| 2022 | $6,853 | $79,034 | $13,796 | $65,238 |
| 2021 | $6,592 | $73,891 | $12,898 | $60,993 |
| 2020 | $6,434 | $70,540 | $12,313 | $58,227 |
| 2019 | $6,276 | $67,194 | $11,729 | $55,465 |
| 2018 | $6,258 | $63,301 | $11,049 | $52,252 |
| 2017 | $6,155 | $59,842 | $10,445 | $49,397 |
| 2016 | $5,921 | $55,517 | $9,690 | $45,827 |
| 2015 | -- | $50,887 | $8,882 | $42,005 |
| 2014 | -- | $50,258 | $8,772 | $41,486 |
| 2013 | -- | $51,583 | $9,003 | $42,580 |
A
Seller's Agent in 2025
Andy Walton
The McDonald Group
1 in this area
49 Total Sales
Seller Co-Listing Agent in 2025
Noel Walton
The McDonald Group
(224) 531-9900
1 in this area
58 Total Sales
Source: Midwest Real Estate Data (MRED)
MLS Number: 12432935
APN: 06-14-238-015