Charla Piper
Responds Quickly
Century 21 Affiliated
(608) 684-6117
198 Total Sales
1 in Cherry Valley
$232,000 Price
741 Elgin St Cherry Valley, IL 61016
Cherry Valley Area
Studio
6
Baths
--
Sq Ft
0.34
Acre Lot
About This Home
As of May 2026Excellent investment opportunity with this 6-unit multifamily property featuring a strong rental history and solid long-term tenants in place. The building includes a mix of 4 one-bedroom units and 2 two-bedroom units, currently generating approximately $4,500 in total monthly rent with potential for future rent increases. Several units have seen recent updates, including new vinyl flooring and carpeting in 4 of the units within the last 1-3 years, while the remaining units offer hardwood and older finishes. Bathrooms have had updated fixtures and replaced toilets, and all units remain functional and well-maintained. The property offers separate entrances for most units, off-street parking, and a basement area with utility meters and additional storage. All units are electric with baseboard heat, and the building has no known electrical, plumbing, or foundation issues. A great opportunity for investors seeking stable cash flow with upside potential.
Last Agent to Sell the Property
Dream Realty Services License #475215315 Listed on: 02/17/2026
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,695
Year Built
- Built in 1960
Lot Details
- 0.34
Additional Features
- 2-Story Property
- 14,810 Sq Ft Lot
- Heating System Uses Gas
Community Details
Overview
- 6 Units
Building Details
- Insurance Expense $3,420
- Operating Expense $10,415
- Gross Income $53,760
- Net Operating Income $43,345
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 17, 2026
Closed on
May 8, 2026
Sold by
Carl Vogelsang and Carl Vogelsang Revocable Living Trust
Bought by
Seller's Agent
Krystal Hudson
Dream Realty Services
Buyer's Agent
Zil Huma
Keller Williams Realty Signature
List Price
$475,000
Sold Price
$468,600
Premium/Discount to List
-$6,400
-1.35%
Views
79
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Cherry Valley, IL
-
Charla Piper
-
Justin Smith
Justin Smith
Century 21 Affiliated
(779) 368-1875
192 Total Sales
6 in Cherry Valley
$203K - $307K Price Range
-
Judah Sameth
Judah Sameth
Willow Real Estate, Inc
(224) 268-8857
157 Total Sales
2 in Cherry Valley
$220K - $280K Price Range
-
Daniel Spranger
Daniel Spranger
Epique Realty Inc
(779) 256-4203
32 Total Sales
2 in Cherry Valley
$215,000 Price Range
-
Christine Wilke
Christine Wilke
Best Realty
(779) 210-6324
311 Total Sales
2 in Cherry Valley
$405,000 Price Range
-
Larry Schneider
Larry Schneider
Jason Mitchell Real Estate IL
(224) 282-0497
112 Total Sales
1 in Cherry Valley
$389,900 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $422,500 | Old Republic Title |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/11/2026 05/11/26 | Sold | $468,600 | -0.3% | -- |
| 03/12/2026 03/12/26 | Pending | -- | -- | -- |
| 02/27/2026 02/27/26 | Price Changed | $469,900 | -1.1% | -- |
| 02/17/2026 02/17/26 | For Sale | $475,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $7,213 | $100,318 | $9,110 | $91,208 |
| 2024 | $6,695 | $87,504 | $8,241 | $79,263 |
| 2023 | $6,406 | $78,683 | $7,410 | $71,273 |
| 2022 | $6,609 | $74,125 | $6,981 | $67,144 |
| 2021 | $6,718 | $70,494 | $6,639 | $63,855 |
| 2020 | $6,729 | $67,497 | $6,357 | $61,140 |
| 2019 | $6,618 | $64,332 | $6,059 | $58,273 |
| 2018 | $6,737 | $62,102 | $5,900 | $56,202 |
| 2017 | $6,798 | $60,270 | $5,726 | $54,544 |
| 2016 | $6,748 | $58,996 | $5,605 | $53,391 |
| 2015 | $6,700 | $57,913 | $5,502 | $52,411 |
| 2014 | $6,333 | $57,913 | $5,502 | $52,411 |
Source: Public Records
Agents Affiliated with this Home
-
Krystal Hudson
KH
Seller's Agent in 2026
Krystal Hudson
Dream Realty Services
(773) 899-6750
30 Total Sales
-
Zil Huma
Buyer's Agent in 2026
Zil Huma
Keller Williams Realty Signature
(815) 985-0473
336 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12571125
APN: 16-01-254-006
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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