85 S Crystal Street Elgin, IL $ 2,250,000
85 S Crystal Street
$ 2,250,000
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85 S Crystal Street

Elgin, IL, 60123
$ 2,250,000
Bedrooms3 Baths0.0 Sq 11,349

Monthly Estimate*

$ 15,717

85 S Crystal Street, Elgin, IL 60123 - Image 1
85 S Crystal Street, Elgin, IL 60123 - Image 2
85 S Crystal Street, Elgin, IL 60123 - Image 3
85 S Crystal Street, Elgin, IL 60123 - Image 4
85 S Crystal Street, Elgin, IL 60123 - Image 5
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85 S Crystal Street, Elgin, IL 60123 - Image 7
85 S Crystal Street, Elgin, IL 60123 - Image 8
85 S Crystal Street, Elgin, IL 60123 - Image 9
85 S Crystal Street, Elgin, IL 60123 - Image 10
85 S Crystal Street, Elgin, IL 60123 - Image 11
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Multi-Family Home for sale in Elgin, IL

for $2,250,000 with 3 bedrooms. This 11,349 square foot home was built in 1972 on a lot size of 0.79.

Presenting a prime investment opportunity featuring a 3-story, 15-unit apartment building; mix of (6) 1 Bed/1 Bath and (9) 2 Bed/1 Bath. All units are accessible from exterior and interior entrances. The units are finished with laminate flooring , eat-in kitchens, spacious bathrooms, and sleeve air conditioners. There are (9) units with baseboard heat and (6) units with its own individual furnace; tenants pay electric and gas. In addition, the full basement accommodates laundry facilities, mechanical systems, utility meters, and storage space for both tenants and the owner. The property is nearly one-acre with a generously sized front lot, providing the potential for future development or expansion. This building offers investors to add value with minimal investment, as major mechanical upgrades and essential updates have already been completed. Improvements: New Asphalt Parking Lot (2023); New Dumpster Enclosure (2023); New Plumbing For Boiler (2022); New Hot Water Heater (2022); Installed Laundry Machines (2022); New Dollar Bill To Coin Exchanger (2022). Located near downtown Elgin offering convenient access to the Metro station, Elgin Community College, Grand Victoria Casino, The Fox River and I-90.

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Multi-Family Active

Price

$ 2,250,000

Bedrooms

3

Property Type

Multi-Family

Taxes

$ 33,229

Style

Multi-Family

Lot Size

0.79

Year Built

1972

Town/City

Elgin

County/Region

Kane

MLS | Web ID

11920303

Features
General
Cooling Wall Sleeve
Utilities Sewer-Storm Available Water-Municipal
Possession Closing
Zoning MULTI
Year Built 1972
Electric Circuit Breakers Separate Meters Service - 101 to 200 Amps
Tenant Pays Electricity Heat Varies by Tenant
Stories 3
Township Elgin
Tax Year 2022
Current Use Multi-Family
Gross Income 252000
County Kane
Net Operating Income 176571
Operating Expense 75429
Insurance Expense 6000
Property Type Commercial Sale Multi Family 5+
Possible Use Multi-Family
Status Re-activated
Directions RT 31 TO LOCUST W TO CRYSTAL N TO PROPERTY
City Elgin
Total Units 15
MLS Area Elgin
Street Name Crystal
Tax Annual Amount 33229
Electric Expense 1200
Fuel Expense 3600
Trash Expense 3800
Water Sewer Expense 18000
Additional Parcels Y/N N
Virtual Tour https://tours.databasedads.com/4562776/85-S-Crystal-Street-Elgin-IL?u=1
Days on Market 180
Standard Status Active
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Exterior
Building Area Total 11349
Lot Dimensions 255 X 136
Lot Size Acres 0.79
Frontage Type City Street
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Interior
Street Suffix Street
Basement Unfinished Exterior Access Storage Space
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* Excluded Features
List By
Berkshire Hathaway Homeservices Chicago

Broker

ppatel@bhhschicago.com

Email

Affordability Calculator

$18,486
Per Month
85%
15%
0%
Monthly Principal & Interest
$15,717
Monthly Property Taxes
$2,769
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
Pricing History
DatePricePrice ChangeDescription
11/3/2023$2,250,000 Listed Price

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85 S Crystal Street, Elgin, IL, 60123 is a Multi-Family Home for sale at $2,250,000 with 11,349 sqft and a lot size of 0.79. 85 S Crystal Street has 3 bedrooms, 0.0 baths, and was built in 1972. The property's zip code is 60123 which is in Elgin, IL