6 units building In Elgin Historical low vacancy all electric building
| Listing Id: | 12683940 |
|---|---|
| List Price: | $930,000 |
| Property Type: | Commercial Sale |
| Property Type: | Multi Family 5+ |
| Status: | Active Under Contract |
| Parking On Site: | No |
| Tax Annual Amount: | $16,228 |
| City: | Elgin |
| County Or Parish: | Kane |
| Postal Code: | 60123 |
| Year Built: | 1972 |
| Total # Units In Building: | 6 |
| Basement: | false |
| Construction Materials: | Brick |
| Cooling: | Wall Sleeve |
| Current Use: | Multi-Family |
| Directions: | Randall To Highland East to Lyle South to 75 N Lyle. |
| Electric Expense: | $2,296 |
| Foundation Details: | Concrete Perimeter |
| Fuel Expense: | 0 |
| Gross Income: | $120,600 |
| Gross Scheduled Income: | $120,600 |
| Insurance Expense: | $3,018 |
| Listing Contract Date: | 2026-06-29 |
| Lot Size Acres: | 0.27 |
| Lot Size Dimensions: | 100X150 |
| Maintenance Expense: | $3,100 |
| MLS Area Major: | Elgin |
| Approximate Age: | 36-50 Years |
| Land Amenities: | Curbs and Gutters, Sidewalks |
| Agent Owned/Interest (Y/N): | No |
| Built Before 1978 (Y/N): | Yes |
| # Of Dryers: | 1 |
| Electric Expense Source: | Owner Projection |
| Expense Year: | 2025 |
| Total Annual Expense Source: | Owner Projection |
| Fuel Expense Source: | Owner Projection |
| Gross Rent Multiplier: | 7.7 |
| Heat/Ventilation: | Electric |
| Information: | List Broker Must Accompany |
| Insurance Expense Source: | Owner Projection |
| Janitor Expense: | 0 |
| List Price Per Sf: | 0 |
| Market Code: | Active |
| Misc Outside: | Balcony/ies |
| Owners Assoc (Y/N): | No |
| Other Expense Source: | Owner Projection |
| Operating Expense Includes: | Insurance, Legal, Licenses, Maintenance |
| Ownership Type: | Limited Liability Corp |
| Indoor Parking: | 6-12 Spaces |
| Outdoor Parking: | 6-12 Spaces |
| # Of Refrigs: | 6 |
| # Of Ranges: | 6 |
| Repairs Decor Expense Source: | Owner Projection |
| Trash Expense Source: | Actual |
| Total Monthly Income: | 10050 |
| Type Multi Family: | Corridor-Exterior Entrance |
| Update Date: | 2026-06-29T19:11:02 |
| Unincorporated (Y/N): | No |
| # Of Window/Ac: | 6 |
| Washer/Dryer Lsd (Y/N): | No |
| # Of Washers: | 1 |
| Water Expense Source: | Owner Projection |
| Net Operating Income: | $86,723 |
| Operating Expense: | $33,877 |
| Original List Price: | $930,000 |
| Other Expense: | $423 |
| Parcel Number: | 0615304004 |
| Possession: | Closing |
| Possible Use: | Multi-Family |
| Roof: | Composition |
| State Or Province: | IL |
| Stories: | 2 |
| Tax Year: | 2025 |
| Tenant Pays: | Electricity |
| Township: | Elgin |
| Trash Expense: | $2,748 |
| Water Sewer Expense: | $6,064 |
| Zoning: | MULTI |
| Actual Status: | Contingent |
Listing Courtesy of: Kale Realty
Listing Agent: Jayesh Parekh
847-962-0239
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Copyright © 2026 Midwest Real Estate Data LLC
Information deemed reliable but not guaranteed.
Midwest Real Estate Data LLC data last updated on October 08, 2026 04:15 PM - CT
Based on information submitted to the MLS GRID as of October 08, 2026 04:15 PM - CT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. Some listings have been excluded from this website.
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Property Last Updated: October 08, 2026 04:15 PM - CT
