209-211 E Chicago Street Elgin, IL ^$ 599,900

209-211 E Chicago Street

^$ 599,900

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209-211 E Chicago Street

Elgin, IL, 60120

^$ 599,900

Studio Baths0.0 Sq 14,784

Monthly Estimate*

^$ 4,190

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Studio

Commercial Property for sale in Elgin, IL

for $599,900. This 14,784 square foot building was built in 1887 on a lot size of 0.133333.

BEAUTIFUL HISTORIC 3 STORY BUILDING IN THE HEART OF ELGIN!! 14,784 sq/ft 3 story Building (plus full basement) First floor contains 2 retail stores roughly little over 2000 sq/ft each. Second and third floors was formerly known as the club Medusa. Both second and third floors are roughly 6000 sq/ft each. Come see the potential in this large building perfect for a restaurant, bar, night club, reception hall, ect. This solid brick building has tons of character throughout! Beautiful woodwork that has remained in wonderful shape for a historic building! You won't want to miss this opportunity to own an investment property that really speaks for itself! Great location with free parking deck across the street.

Commercial Active

Price

^$ 599,900

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 13,233

Style

Commercial

Lot Size

0.133333

Year Built

1887

Town/City

Elgin

County/Region

Kane

MLS | Web ID

11895629

Features

General

Cooling Central Air Zoned

Utilities Electric to Site Gas to Site Sanitary Sewer Water-Municipal Water to Site

Possession Closing

Roof Membrane

Zoning RTAIL

Construction Materials Brick

Year Built 1887

Electric Circuit Breakers

Tenant Pays Air Conditioning Electricity Heat Repairs

Stories 3

Township Elgin

Property SubType Mixed Use

Tax Year 2021

Current Use Commercial

Gross Income 1100

County Kane

Net Operating Income 0

Operating Expense 0

Insurance Expense 9670

Property Type Commercial Sale Mixed Use

Possible Use Commercial Retail Other

Status Active

Directions I-90 to 31 south to Chicago St. east to 209-211

City Elgin

Total Units 3

MLS Area Elgin

Lot Size Square Feet 5808

Street Name Chicago

Tax Annual Amount 13233.8

Electric Expense 3963

Fuel Expense 2803

Trash Expense 0

Water Sewer Expense 1568

Additional Parcels Y/N N

Days on Market 176

Lease Type N/A

Standard Status Active

Interior

Flooring Wood

Street Suffix Street

Exterior

Building Area Total 14784

Lot Dimensions 44X134

Frontage Type City Street

* Excluded Features

List By

Inspire Realty Group Llc

Broker

chris@inspirerealtygroup.com

Affordability Calculator

$5,293

Per Month

Monthly Principal & Interest: $4,190
Monthly Property Taxes: $1,103
Monthly Home Insurance: --

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Yearly Property Taxes

Yearly 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

Trends
Schools

Commerical listings in Elgin, IL

Average List Price ^$656,200

Percent of Sale Price 9%

About Elgin, IL

114,155 Population

21% Since 2002

^$61,828 Median Income

35.71 Median Age

38% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/27/2023	$599,900		Listed Price

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209-211 E Chicago Street, Elgin, IL, 60120 is a Commercial Property for sale at $599,900 with 14,784 sqft and a lot size of 0.133333. 209-211 E Chicago Street is a studio with 0.0 baths and was built in 1887. The property's zip code is 60120 which is in Elgin, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 4/29/2024.

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209-211 E Chicago Street

Commercial Property for sale in Elgin, IL

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