K
Seller's Agent in 2026
Krystal Hudson
EJC REAL ESTATE SERVICES
(773) 899-6750
2 in this area
26 Total Sales
741 Elgin St Cherry Valley, IL 61016
--
Bed
--
Bath
--
Sq Ft
0.34
Acres 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
EJC REAL ESTATE SERVICES License #475215315 Listed on: 02/17/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,695
Year Built
- Built in 1960
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
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 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
-
Zil Huma
Buyer's Agent in 2026
Zil Huma
Keller Williams Realty Signature
(815) 985-0473
22 in this area
350 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12571125
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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