Elgin, IL 60120 398 E Chicago Street
$775,000
8 more
Presented By: Berkshire Hathaway HomeServices Starck Real Estate
Beds • 2
SQFT • 4,238
Home Details
This 5 unit building has been updated, has excellent rental income and is ready for new ownership. Four 2 bedroom, 2 bath units, and one studio, plus coin laundry and storage. Two units have been updated with forced air, the rest of the building is boiler heat. Tenants pay electric. Appliances have been updated in 4 of the units, as well as a new concrete driveway. Original charm throughout. One is vacant to show. Sold with 16 N Gifford as it currently shares a driveway. Selling as-is.
Presented By: Berkshire Hathaway HomeServices Starck Real Estate
Interior Features for 398 E Chicago Street
Other Interior Features
BasementFinished
General for 398 E Chicago Street
Additional Parcels Y/NNo
Cap Rate8.26
CityElgin
Construction MaterialsBrick
CoolingCentral Air, Window Unit(s)
CountyKane
Current UseMulti-Family
DirectionsEast Side of town on Chicago.
Electric Expense
Fuel Expense
Gross Income98540
Insurance Expense
MLS AreaElgin
MaintenanceExpense
ModificationTimestamp2025-06-16T15:02:03.188Z
Net Operating Income78540
Number Of Units Total5
Operating Expense20000
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusActive
StatusNew
Stories2
Tax Annual Amount9467.36
Tax Year2024
Tenant PaysElectricity
TownshipElgin
Trash Expense0
Water Sewer Expense0
Year Built1910
ZoningMULTI
Exterior for 398 E Chicago Street
Building Area Total4238
Lot Dimensions131 X 53
Additional Details
Price History
