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Listed by Andrew Stollof Stoll Real Estate
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Est. payment /mo
3 Beds
0.27 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12665982
Bedrooms 3
Annual Tax Amount $4,673
Tax Year 2024
Lot Size 0.270 Acres
Property Sub-Type Two to Four Units
Property Description
Amazing value-add investor opportunity in South Elgin's Fox River Beach subdivision! This 2-unit property sits on an oversized lot backing directly to the water. The property is occupied, offering a flexible buyer the option to keep the current tenants or request a vacant delivery at closing. Unit 1 features a spacious 2-bedroom, 1-bathroom layout with an attached 2-car garage, smart thermostat, LVP flooring, and an updated kitchen with 42" cabinets, tile backsplash, quartz countertops, and modern appliances. Unit 2 also includes 42" cabinets, quartz countertops, appliances, and beautiful waterfront views. An additional separate space provides incredible potential to be converted into a 3rd unit to maximize cash flow! The home needs some work-including the driveway, front walk, and some interior floor/ceiling TLC-but it is a prime chance to build immediate equity. The sale also includes a small vacant lot to the left of the property. Sold as-is.
Location
State IL
County Kane
Community Lake, Water Rights
Zoning MULTI
Rooms
Basement None
Interior
Heating Natural Gas, Forced Air
Fireplace N
Exterior
Garage Spaces 2.0
View Y/N true
Roof Type Asphalt
Building
Foundation Concrete Perimeter
Water Well
Structure Type Vinyl Siding
New Construction false
Schools
School District 46, 46, 46
Others
Ownership Fee Simple
Special Listing Condition None
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