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  • $255,000

    167 Cherry St, Elgin, IL 60120

    4beds
    --sqft
    Multi Family
    Built in 1865
    -- sqft lot
    $260,600 Zestimate®
    $--/sqft
    $2,562 Estimated rent

    Owner options

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    $2,562/mo

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    $2,562/mo

    Rent Zestimate®

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    $1,793/mo

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    $1,793/mo

    Est. payment

    What's special

    This 2-unit property presents a fantastic investment opportunity. With the same tenants happily residing for 2 years and eager to stay, the property offers steady rental income. Recent improvements include updated plumbing in 2024, ensuring modern sewer piping. Both units feature new appliances, including refrigerators, water heaters, and stoves, and were remodeled prior to the current tenants' move-in. Tenants pay their own gas and electric, while the owner covers the water bill. Each unit also comes with a detached garage, providing added value. With these updates and reliable tenants, this property is a great long-term investment.

    Zillow last checked: 8 hours ago

    Listing updated: May 14, 2025 at 01:37am

    Listing courtesy of:

    Maria Tamayo, ABR,SRES,SRS 224-659-4676,

    Luna Real Estate Inc.,

    Diana Gonzalez 224-775-7226,

    Luna Real Estate Inc.

    Bought with:

    Adalberto Sanchez-Arias

    A&O Dream Key Real Estate

    Source: MRED as distributed by MLS GRID,MLS#: 12307747MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Natural Gas
    Features
    • Basement: Finished,Full

    Property

    Parking
    • Total spaces: 2
    • Parking features: On Site, Garage Owned, Detached, Garage
    • Garage spaces: 2
    Lot
    • Size: 6,110 sqft
    • Dimensions: 47 X 130
    Details
    • Parcel number: 0614229006
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Other
    Condition
    • New construction: No
    • Year built: 1865
    • Major remodel year: 2000

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Elgin

    Other

    Other facts
    • Listing terms: Cash
    • Ownership: Fee Simple
    Sell for more on Zillow
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    $260,600
    2% more+$5,212
    With Zillow Showcase(estimated)$265,812