Closed

$309,900

220 Dexter Avenue, Elgin, IL 60120
4 Beds4 Baths10 days
220 Dexter Avenue·Elgin, IL 60120
4Bedrooms
4Bathrooms
1880Year Built
About This Home

Here's an excellent investment property opportunity in the heart of Downtown Elgin, offering several standout features: **Prime Location:** Situated in the vibrant downtown area, this property is highly appealing to renters, thanks to its proximity to amenities, transportation, and potential employment hubs. **Income Growth Potential:** The basement unit offers exciting renovation possibilities. Converting it into a fourth rentable space could significantly boost the property's earning potential. **Recent Upgrades:** Major updates, including a new roof (2021), gutters, chimney rebuild, sewer line, and water heaters (2023), enhance the property's value. These improvements reduce the likelihood of costly repairs and make the property more attractive to tenants and buyers alike. City of Elgin will fix front landscaping and front section of cement driveway come spring. **Future City Enhancements:** Planned city infrastructure upgrades, such as lead pipe replacements, will ensure improved water quality for tenants and enhance the property's long-term desirability. Don't miss this fantastic chance to grow your investment portfolio!

MLS# 12266014Listed January 7, 2025Residential Income
Property Details

Beds & Baths

Total Bedrooms4
Total Bathrooms4
Total Rooms11

Size & Structure

Garage Spaces2
Year Built1880
Lot Size0.140 acres

Location

CountyKane
TownshipElgin
Zip Code60120

Financial

List Price$309,900
Annual Taxes (2022)$5,967
Monthly Tax Est.$497
Parcel #0613151009
Interior Features

Heating

Radiant

Basement

Partially FinishedFullWalk-Out Access
Exterior & Lot

Construction

Vinyl Siding

Roof

Asphalt
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake Michigan

Parking

On SiteGarage OwnedDetachedGarage
HOA & Community

Community Features

SidewalksStreet LightsStreet Paved
Schools
Elementary
Hillcrest Elementary School
District: 46
Middle School
Kimball Middle School
District: 46
High School
Larkin High School
District: 46
Tax & Financial
Annual Taxes
$5,967
Tax Year 2022
Monthly Tax Est.
$497
per month
Property Location

220 Dexter Avenue, Elgin, IL 60120 — Kane County

$309,900
220 Dexter Avenue
4 bd4 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
10 days on market
2-car garage
0.140 acres
$5,967/yr taxes
$2,126
estimated monthly payment
Principal & Interest
$1,629/mo
Property Tax
$497/mo
$309,900
20% — $61,980
3%50%
6.875%
3%12%
Loan Amount
$247,920
Down Payment
$61,980

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Fulton Grace Realty
Agent: Vickie Soupos
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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