SIGN UP CUSTOMER LOGIN
Main Photo

14 Total Photos [Click to View All]

Main Photo
Main Photo

741 Elgin Street Cherry Valley, IL 61016

$469,900
Active / MLS# 12571125 / Multi Unit - Multiple / Cherry Valley
0 Beds

Excellent investment opportunity with this 6-unit multifamily property featuring a strong rental history and solid long-term tenants in place. The building includes a mix of 4 one-bedroom units and 2 two-bedroom units, currently generating approximately $4,500 in total monthly rent with potential for future rent increases. Several units have seen recent updates, including new vinyl flooring and carpeting in 4 of the units within the last 1-3 years, while the remaining units offer hardwood and older finishes. Bathrooms have had updated fixtures and replaced toilets, and all units remain functional and well-maintained. The property offers separate entrances for most units, off-street parking, and a basement area with utility meters and additional storage. All units are electric with baseboard heat, and the building has no known electrical, plumbing, or foundation issues. A great opportunity for investors seeking stable cash flow with upside potential.

Read More » Read Less »

Baird & Warner Jeffrey Schwartz Email

Mortgage Calculator

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)

Estimated Payment

$ 1,739.19 per month $1,044.22 Principal & Interest $557.92 Property Tax $137.05 Homeowner's Insurance
Get your competitive financing options.

Property Details

Property Type: Multi Unit - Multiple
Lot Size: 0.34 Acres
Stories: 2.0
Taxes: $6,695
Year Built: 1960

Feature Descriptions

HVAC: Gas
Lot Dimensions: 14810
Parcel#: 1601254006
Units: 6

Location

See details and scored characteristics about this location.

Listing Office: EJC REAL ESTATE SERVICES

Listing Office Phone: 773-236-7844



Listing data and photos distributed by MLSGRID
Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. 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.


Login to my Baird & Warner account

Pixel