1070 Larkin Avenue Elgin, IL ^$ 550,000

1070 Larkin Avenue

^$ 550,000

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1070 Larkin Avenue

Elgin, IL, 60123

^$ 550,000

Studio Baths0.0 Sq 5,600

Monthly Estimate*

^$ 3,842

1070 Larkin Avenue, Elgin, IL 60123 - Image 1

Studio

Commercial Property for sale in Elgin, IL

for $550,000. This 5,600 square foot building was built in 1976.

Modern 2 story office building on main corridor. Building is divided into 4 office suites plus a finished basement with a 5th office pus some store rooms. There is also an older 3 bedroom 1.5 bath home with a basement all on the same lot. Suites are fully leased.

Commercial Active

Price

^$ 550,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 11,570

Style

Year Built

1976

Town/City

Elgin

County/Region

Kane

MLS | Web ID

12018629

Features

General

Cooling Central Air

Possession Tenant's Rights

Roof Composition Rubber

Zoning COMMR

Construction Materials Wood Frame

Year Built 1976

Electric Circuit Breakers Separate Meters

Tenant Pays Air Conditioning Electricity Heat

Stories 2

Township Elgin

Property SubType Office

Tax Year 2022

Gross Income 66900

County Kane

Net Operating Income 36780

Operating Expense 30120

Property Type Commercial Sale Office/Tech

Status Active

Directions Randall to Foothill to Larkin or 90 to Rt 31 to Highland to Larkin.

City Elgin

Total Units 6

MLS Area Elgin

Street Name Larkin

Tax Annual Amount 11570

Leasable Area 0

Days on Market 7

Standard Status Active

Exterior

Foundation Details Concrete Perimeter

Building Area Total 5600

Lot Dimensions 137X162

Frontage Type City Street

Exterior Brick Frame

Interior

Street Suffix Avenue

* Excluded Features

List By

Preferred Homes Realty

Broker

jeff@preferredhomesrealty.com

Affordability Calculator

$4,806

Per Month

Monthly Principal & Interest: $3,842
Monthly Property Taxes: $964
Monthly Home Insurance: --

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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 19%

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
4/4/2024	$550,000		Listed Price

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1070 Larkin Avenue, Elgin, IL, 60123 is a Commercial Property for sale at $550,000 with 5,600 sqft. 1070 Larkin Avenue is a studio with 0.0 baths and was built in 1976. The property's zip code is 60123 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 4/30/2024.

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1070 Larkin Avenue

Commercial Property for sale in Elgin, IL

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