Updated, historic brick 2 flat in charming Historic District neighborhood. Near revitalized downtown Elgin, Grand Victoria Casino and Fox River trails. Enjoy events at Festival Park. Currently rents for $2250 a month, $27000 gross a year and could be higher. Tenants pay all utilities. Tear off roof about 12 yrs ago. Replaced Furnace (not boiler), water heater, electrical box and restored Italianate windows. Screened in porches, high ceilings and 2 car garage with 3 exterior parking spots. Channing Elementary is just a block away. 1st floor duplex down with W/D hook up and 2 car garage pays 2/3 water & gas. 2nd floor has W/D in unit pays 1/3. Many things have been updated over the years; appliances, baths... Well cared for, but sold "as is". Home warranty through 11/26/2024 with $60 service call fee. Carpet will be replaced on 2nd floor and in basement upon tenants moving and will be painted, as needed. Agent is related to seller. Estimate: Sale price $250K, $65k down depending on credit score, 3.25% int. rate= PITI $1300, positive income $950 per month or live in one and let tenant pay most of the mortgage. Buyer must be pre-qualified with proof of funds for down payment or cash offer before showing. Pics are from when vacant. Do not disturb tenants, appointment required with 24 hour notice.
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