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$4,700,000   Price Analysis
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230 S State St
Elgin, IL 60123
Unknown bed 5 bath unknown SqFt ($0/SqFt)
Built 1962
Listed 2024-03-17, Taxes $45,921
Ⓧ USDA Ineligible
due to price & location

near Elgin

This tremendous opportunity for an investment building so conveniently locted near a Metra stop (only 1.4 miles away)

Randall Rd, Rt 20 and I90 does not come along often! 230 State Street offers Building is fully rented many long terms tenant positive cash flow.

This tremendous opportunity for an investment building so conveniently locted near a Metra stop (only 1.4 miles away), Randall Rd, Rt 20 and I90 does not come along often! 230 State Street offers Building is fully rented many long terms tenant positive cash flow.


Presented by JAYESH PAREKH at
ARNI Realty Incorporated.
Listing Agent Photo

Property MLS #12005401 from MRED

Full Bathrooms: 5

Basement Description: Finished

Lot Size Dimensions: 32X142X176X201

Association: No
Calculated Total Monthly Association Fees: 0

Number of Units: 32
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 3
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 2
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Full Bathrooms in Unit-3: 1
Full Bathrooms in Unit-4: 2
Total Rooms in Unit-1: 1
Total Rooms in Unit-2: 4
Total Rooms in Unit-3: 5
Total Rooms in Unit-4: 6

Tenant Pays: Electricity

Annual Tax Amount: 45922.00
Source Listing Status: Active
County: Kane
Current Use: Multi-Family
Directions: 90 to States north to address
Tax Year: 2022
Source Property Type: Multi-Family
Parcel Number: 0614478025
Township: Elgin
Zoning: MULTI
Property Subtype: Multi Family 5+
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$458,796 + $70,797
$529,593
$45,921
2021$428,942 + $66,190
$495,132
$44,174
2020$409,491 + $63,189
$472,680
$43,110
2019$390,066 + $60,191
$450,257
$42,052
2018$367,467 + $56,704
$424,171
$41,936
2017$347,388 + $53,606
$400,994
$41,243
2016$322,282 + $49,732
$372,014
$39,675
2015$295,401 + $45,584
$340,985
$39,541
2014$291,754 + $45,021
$336,775
$42,295
2013$299,450 + $46,209
$345,659
$35,208
2012$323,450 + $49,912
$373,362
$38,159
2011$324,088 + $55,874
$379,962
$35,112
2009$381,238 + $61,842
$443,080
$37,421
2008$408,703 + $66,297
$475,000
$35,355
2007$447,782 + $64,167
$511,949
$38,907
2006$484,064 + $61,587
$545,651
$43,457

Listed 2024-03-17
$4,700,000
MRED
Sold 2022-12-28
$3,500,000
Public Record
Sold 2019-01-07
$2,350,000
Public Record
Sold 2016-01-27
$739,500
Public Record
Sold 1993-10-13
$1,295,000
Public Record

Net Operating Income: 422378

Year Built: 1962
Construction Materials: Brick
Property Age: 62
Levels or Stories: 4

Lowrie Elementary School is a public elementary school located approximately 0.2 miles away.
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Abbott Middle School is a public middle school located approximately 1 miles away.
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Larkin High School is a public high school located approximately 1.5 miles away.
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St Edward Central Catholic High School is a private high school located approximately 0.3 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.