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462 Ashland Avenue , Elgin, IL 60123

$310,000
  • 462 Ashland Avenue , Elgin, IL 60123 Main Photo

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New to the Market New
BEDS5 BATHS2 full MLS#12583713
STATUSNew PROPERTY TYPEMulti Unit - Multiple SCHOOLDistrict 46

Property Description

This well-maintained 2-unit investment property offers stable rental income and numerous recent upgrades, making it an excellent opportunity for investors or owner-occupants. Ideally situated on a quiet, charming street, the property is just minutes from the Metra train, Grolich Park, Forest Preserve, I-90, US-20, I-390, shopping, and dining, providing convenience and strong rental appeal. The property is fully rented with reliable tenants, currently generating $3,050 per month in rental income. The lower unit features 3 bedrooms and 1 bath and rents for $1,675/month, while the upper unit offers 2 bedrooms and 1 bath and rents for $1,375/month. This property has been consistently maintained with numerous updates over the past 10 years, including a new driveway, exterior doors, carpeting, and countertops. More recent improvements include new windows, water heater, washer, and added attic insulation. The electrical system has been upgraded with three new 100-amp services, and all plumbing has been updated. Each unit pays its own electric, helping reduce owner expenses. The exterior basement access allows both units to conveniently use the shared laundry area. A large storage shed in the backyard offers additional space and even the potential for extra rental income. With solid rental history, thoughtful updates, and a prime location, this property presents a fantastic income-generating opportunity.

462 Ashland Avenue | MLS# 12583713

This multi-family property located at 462 Ashland Avenue , Elgin, IL 60123 is currently listed for sale with an asking price of $310,000. Ashland Avenue is located within the District 46 school district. Search Elgin real estate on www.gogambino.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished, Exterior Entry, Partial
Heating: Electric, Baseboard, Zoned
Home Style: Farmhouse
Lot Size: 0.18 Acres
Roof Type: Asphalt
Taxes: $6,267
Year Built: 1895

Feature Descriptions

Days on Site: 4
Exterior: Frame
Lot Dimensions: 60X133
Other Equipment: TV-Cable, CO Detectors, Ceiling Fan(s), Multiple Water Heaters
Parcel#: 0624155019
Parking: Off Street, Yes
Sewer: Public Sewer
Total Rooms: 9
Township: Elgin
Water: Public

Local Schools

High School: Larkin High School
School District: District 46

Listed By / Shown By

Listed By

Agency Name: Compass
Agency Phone: 630-974-6750

Shown By

Agency Title: Gambino Realtors
Agency Phone: 815-282-2222

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Estimated Payment

$ 2,020.78 per month $1,408.12 Principal & Interest $522.25 Property Tax $90.42 Homeowner's Insurance

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