Elgin, IL 60123 316 Lawrence Avenue
$500,000
3 more
Presented By: Preferred Homes Realty
Beds • 1
SQFT • 2,634
Garage • 5
Home Details
We are pleased to offer this 5 unit apartment building. The owners have several long term tenants. The building has a basement and 5 car garage. The roof was new about 2 year ago. Updated railings to apartments 4 & 5 in past few years. #5 was recently remodeled.
Presented By: Preferred Homes Realty
Interior Features for 316 Lawrence Avenue
Other Interior Features
Total Fireplaces
General for 316 Lawrence Avenue
Additional Parcels Y/NNo
Cap Rate6
CityElgin
Construction MaterialsWood, Frame
CountyKane
Current UseMulti-Family
DirectionsRt 31 to Lawrence, West to building
ElectricSeparate Meters
Electric Expense1178
Fuel Expense2561
Gross Income49500
Insurance Expense2794
MLS AreaElgin
MaintenanceExpense783
Net Operating Income30280
Number Of Units Total5
Ok to Lease12 Months, Month To Month
Operating Expense10541
PossessionClosing, Tenant's Rights
Possible UseSingle Family
Property TypeCommercial Sale
Property TypeMulti Family 5+
RoofComposition
Standard StatusActive
StatusActive
Stories Count2
Tax Annual Amount8679
Tax Year2025
Tenant PaysAir Conditioning, Electricity
TownshipElgin
Trash Expense0
Water Sewer Expense3225
Year Built1863
ZoningMULTI
Exterior for 316 Lawrence Avenue
Building Area Total2634
Frontage TypeCity Street
Lot Dimensions66x132
Additional Details
Price History
