BEDS5
BATHS2 full
MLS#12583713
STATUSNew
PROPERTY TYPEMulti Unit - Multiple
SCHOOLDistrict 46
Property Description
This well-maintained 2-unit investment property offers stable rental income and numerous recent upgrades, making it an excellent opportunity for investors or owner-occupants. Ideally situated on a quiet, charming street, the property is just minutes from the Metra train, Grolich Park, Forest Preserve, I-90, US-20, I-390, shopping, and dining, providing convenience and strong rental appeal. The property is fully rented with reliable tenants, currently generating $3,050 per month in rental income. The lower unit features 3 bedrooms and 1 bath and rents for $1,675/month, while the upper unit offers 2 bedrooms and 1 bath and rents for $1,375/month. This property has been consistently maintained with numerous updates over the past 10 years, including a new driveway, exterior doors, carpeting, and countertops. More recent improvements include new windows, water heater, washer, and added attic insulation. The electrical system has been upgraded with three new 100-amp services, and all plumbing has been updated. Each unit pays its own electric, helping reduce owner expenses. The exterior basement access allows both units to conveniently use the shared laundry area. A large storage shed in the backyard offers additional space and even the potential for extra rental income. With solid rental history, thoughtful updates, and a prime location, this property presents a fantastic income-generating opportunity.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished, Exterior Entry, Partial
Heating: Electric, Baseboard, Zoned
Home Style: Farmhouse
Lot Size: 0.18 Acres
Roof Type: Asphalt
Taxes: $6,267
Year Built: 1895
Feature Descriptions
Days on Site: 4
Exterior: Frame
Lot Dimensions: 60X133
Other Equipment: TV-Cable, CO Detectors, Ceiling Fan(s), Multiple Water Heaters
Parcel#: 0624155019
Parking: Off Street, Yes
Sewer: Public Sewer
Total Rooms: 9
Township: Elgin
Water: Public
Local Schools
High School: Larkin High School
School District: District 46
Listed By / Shown By
Listed By
Agency Name: Compass
Agency Phone: 630-974-6750
Shown By
Agent Name: Dale Williams
Agent Phone: Cell: (815) 519-2243
Agency Title: Gambino Realtors
Estimate Your Payment
Estimated Payment
$ 2,020.78 per month $1,408.12 Principal & Interest $522.25 Property Tax $90.42 Homeowner's InsuranceChange Payment Information
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462 Ashland Avenue | MLS# 12583713
This multi-family property located at 462 Ashland Avenue , Elgin, IL 60123 is currently listed for sale with an asking price of $310,000. Ashland Avenue is located within the District 46 school district. Search Elgin real estate on dwilliams.gogambino.com today.