Closed

$379,900

438 Villa Street, Elgin, IL 60120
6 Beds4 Baths21 days
438 Villa Street·Elgin, IL 60120
6Bedrooms
4Bathrooms
1900Year Built
About This Home

Exceptional three-unit investment property, overflowing with charm and revitalized with modern enhancements. This property stands out for its versatility and functionality. Featuring a three-car garage, full basement, and attic with abundant storage capacity. BRAND NEW roof on the building and garage (2024). Water heater replaced in 2024. The main unit boasts 10-ft. ceilings, an extremely spacious living area, four bedrooms, two full bathrooms and a wood burning fireplace. Recent upgrades to unit #1 include fresh paint - new stove and refrigerator - new fans in the living and dining rooms. Apartments two and three underwent complete renovations in the past few years! Unit number two includes fresh paint - Laminate floors - Full bathroom upgrade - New blinds - Brand new kitchen cabinets (2022). In addition to previous upgrades, the owner also put up new drywall in the entire unit number three as well as new electric wall heaters. With high income potential, this property is a must see for investors or owner-occupiers seeking to maximize returns, while enjoying the benefits of multi-unit ownership. Close to downtown Elgin, Festival Park, Grand Victoria Casino, I-90, Rt. 20, schools, restaurants and so much more! Please make sure to show buyers the projected income that this building will bring in, in relation to the current income that is very low. SHOWINGS TO TAKE PLACE JUNE 8TH 12-3pm AND JUNE 9th 12-2:30pm

MLS# 12062866Listed May 22, 2024Residential Income
Property Details

Beds & Baths

Total Bedrooms6
Total Bathrooms4
Total Rooms14

Size & Structure

Garage Spaces3
Year Built1900
Lot Size0.200 acres

Location

CountyKane
TownshipElgin
Zip Code60120

Financial

List Price$379,900
Annual Taxes (2022)$6,600
Monthly Tax Est.$550
Parcel #0613457021
Interior Features

Heating

ElectricForced AirFloor Furnace

Basement

Partially FinishedExterior EntryStorage SpaceFull
Exterior & Lot

Construction

Masonite

Roof

Asphalt

Foundation

Concrete Perimeter

Patio & Porch

Porch
Utilities & Parking

Sewer

Public SewerStorm Sewer

Water Source

Public

Parking

GarageOn SiteGarage OwnedDetachedUnassignedDrivewayAdditional ParkingOwned
HOA & Community

Community Features

CurbsSidewalksStreet LightsStreet Paved
Schools
Elementary
Channing Memorial Elementary Sch
District: 46
Middle School
Ellis Middle School
District: 46
High School
Elgin High School
District: 46
Tax & Financial
Annual Taxes
$6,600
Tax Year 2022
Monthly Tax Est.
$550
per month
Property Location

438 Villa Street, Elgin, IL 60120Kane County

$379,900
438 Villa Street
6 bd4 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
21 days on market
3-car garage
0.200 acres
$6,600/yr taxes
$2,547
estimated monthly payment
Principal & Interest
$1,997/mo
Property Tax
$550/mo
$379,900
20% — $75,980
3%50%
6.875%
3%12%
Loan Amount
$303,920
Down Payment
$75,980

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

Listed by
RE/MAX All Pro - St Charles
Agent: Natalie Kofie
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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