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53-63 Douglas Avenue Elgin, IL $ 1,100,000
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53-63 Douglas Avenue
$ 1,100,000
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53-63 Douglas Avenue

Elgin, IL, 60120
$ 1,100,000
Baths0.0 Sq 15,495

Monthly Estimate*

$ 7,684

53-63 Douglas Avenue, Elgin, IL 60120 - Image 1
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53-63 Douglas Avenue, Elgin, IL 60120 - Image 3
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53-63 Douglas Avenue, Elgin, IL 60120 - Image 9
Studio

Commercial Property for sale in Elgin, IL

for $1,100,000. This 15,495 square foot building was built in 1889 on a lot size of 0.180005.

12 Units total on this iconic 3-Story Victorian Building. Originally known as the "McBride" building. Nicely updated and beautifully restored offices and store fronts. Many original features such as interior brick walls, tin ceilings, high ceilings and much more. Elevator building. Updated energy efficient floor to ceiling windows. Updated HVAC. This property is centrally located with City parking directly across the street and walking distance to Metra and Pace Bus. Retail spaces are fully leased. Some 2nd floor office space is available currently. This building would make great owner occupant space or investment property.

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Commercial Active

Price

$ 1,100,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 20,676

Style

Lot Size

0.180005

Year Built

1889

Town/City

Elgin

County/Region

Kane

MLS | Web ID

12031737
Features
General
Cooling Central Air
Zoning COMMR
Construction Materials Brick
Year Built 1889
Electric Circuit Breakers
Tenant Pays Varies by Tenant
Stories 3
Township Elgin
Property SubType Mixed Use
Tax Year 2022
Gross Income 107316
County Kane
Net Operating Income 95928
Operating Expense 48036
Insurance Expense 4860
Property Type Commercial Sale Mixed Use
Status Active
Directions Route 31 to Kimball St. East to Douglas N. to property
City Elgin
Total Units 12
MLS Area Elgin
Lot Size Square Feet 7841
Street Name Douglas
Tax Annual Amount 20676
Electric Expense 6000
Fuel Expense 9000
Trash Expense 1680
Water Sewer Expense 2000
Additional Parcels Y/N N
Days on Market 7
Lease Type Gross
Standard Status Active
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Exterior
Foundation Details Concrete Perimeter
Building Area Total 15495
Lot Dimensions 100X78
Frontage Type City Street
Exterior Brick Frame
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Interior
Street Suffix Avenue
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* Excluded Features
List By
Re/Max Horizon

Broker

benhenrikson@remax.net;benhenrikson@gmail.com

Email

Affordability Calculator

$9,407
Per Month
82%
18%
0%
Monthly Principal & Interest
$7,684
Monthly Property Taxes
$1,723
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/17/2024$1,100,000 Listed Price

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53-63 Douglas Avenue, Elgin, IL, 60120 is a Commercial Property for sale at $1,100,000 with 15,495 sqft and a lot size of 0.180005. 53-63 Douglas Avenue is a studio with 0.0 baths and was built in 1889. The property's zip code is 60120 which is in Elgin, IL

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