220 Dexter Avenue, Elgin, IL 60120 | MLS 12015645 | Listing Information | J.W. Reedy Realty

220 Dexter Avenue
Elgin, IL 60120

Acre Lot
Courtesy: Fulton Grace Realty
J.W. Reedy Realty> Illinois> Elgin> 60120
Now here is a solid investment property located in the heart of Downtown Elgin with a few key points that stand out: Desirable Location: Being in the heart of downtown Elgin makes it an attractive spot for renters due to proximity to amenities, transportation, and possibly employment opportunities. Stable Tenancy: Having long-term renters in 2 of the 3 units who wish to stay is a big plus. It suggests less turnover and potentially lower vacancy rates, both of which are good for steady income. Income Potential: The possibility of renovating the 4th unit in the basement is intriguing and would significantly increase the property's income potential. Recent Improvements: new roof, gutters, chimney rebuild, sewer line, and water heaters, add to the property's value. They reduce the likelihood of major repairs in the near future and can be appealing to both tenants and potential buyers. Upcoming City Infrastructure Improvements: The city's plan to replace lead pipes is beneficial for the property in the long run, ensuring better water quality for tenants and potentially increasing property desirability. Do not pass up a fantastic opportunity to expand your investment portfolio!
Residential - Multi-Family, Other
0.14 Acres
Vinyl siding
Public Sewer
The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

Walk Score

Transit Score

Bike Score

Courtesy: Fulton Grace Realty
Listings courtesy of MRED as distributed by MLS GRID

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This content last refreshed on 4/22/2024 11:54 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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