220 Dexter Avenue

Elgin, IL 60120

Now here is a solid investment property located in the heart of Downtown Elgin with a few key points that stand out: Desirable Location: Being in the heart of downtown Elgin makes it an attractive spot for renters due to proximity to amenities, transportation, and possibly employment opportunities. Stable Tenancy: Having long-term renters in 2 of the 3 units who wish to stay is a big plus. It suggests less turnover and potentially lower vacancy rates, both of which are good for steady income. Income Potential: The possibility of renovating the 4th unit in the basement is intriguing and would significantly increase the property's income potential. Recent Improvements: new roof, gutters, chimney rebuild, sewer line, and water heaters, add to the property's value. They reduce the likelihood of major repairs in the near future and can be appealing to both tenants and potential buyers. Upcoming City Infrastructure Improvements: The city's plan to replace lead pipes is beneficial for the property in the long run, ensuring better water quality for tenants and potentially increasing property desirability. Do not pass up a fantastic opportunity to expand your investment portfolio!

Listing Courtesy of MRED as distributed by MLS Grid of Fulton Grace Realty 847-352-5200



Based on information submitted to the MLS GRID as of 2024-05-16 09:35 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Data last updated: 2024-05-16 09:35 PM UTC
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