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356-358 N SPRING Street, Elgin, IL 60120

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For Sale

$389,500

6 beds

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • Over 50 Years Old
    Age

Explore this Property

Don't miss out on this great investment opportunity and a great addition to your investment portofio - live in one unit and rent out the other unit! Ideally located in the Elgin, Spring-Douglas historic district you have a VICTORIAN, 2 unit side by side duplex apartment building, within minutes to the Gail Borden Public Library, vibrant downtown area along the Fox river. Each unit has 3 bedrooms, 1.1bath with a separate large living room, separate spacious kitchen and dining room and direct access to a full walkout separate basement. Both units have a separate front and rear/side entrance. The south #356 Spring St unit is freshly painted and updated with kitchen cabinets, granite countertops, refinished hardwood floors, stainless steel appliances including white faux wood blinds, 2 ceiling fans, open office area and also has two spacious enclosed porch sitting room! Not to mention the basement has finished extra rooms for storage, office and a rec area too, plus a newer washer/dryer. There is off street easement driveway ( recorded document 96K089782 and 2013K067786) of #360 N Spring to access the 2 parking spaces and the basements. Driveway belongs to and is maintained by #360 N Spring St. The large adjacent lot on the corner of Spring and Ann street belongs to this property and is perfect for gardening, possible expansion or other great viable ideas! The north end #358 unit off Spring St is updated a few years ago and has unfinished basement, both units have similar layout except living room of 358 is smaller when compared to 356. Both units have separate furnaces, water/sewer, water heater and other utilities. Both units also have a walkup access to the unfinished attic. Building's exterior is original except for the roof/gutters replaced within the last 10 years. Electric (100 amp service to each unit ) and copper plumbing has been updated. Exterior paint and windows are "As Is"! This building is near the heart of downtown Elgin with the Grand Victoria Casino, schools, bus routes, train, riverwalk, Elgin Museum, parks, I90, Rt31/Rt25, shopping, golf courses within minutes drive. This property has fantastic income potential and generally a solid investment for years to come! Set up a showing today! Property is controlled by the Historic district rules and the owner must follow the District's rules!
MLS# 12445013

Courtesy Of Executive Realty Group

(630) 894-1030

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Victorian
  • Heating System
    Forced Air
  • Roof Type
    Asphalt

Map and Directions

Directions to 356-358 N SPRING Street, Elgin, IL 60120

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† Based on a 30-year fixed rate of 3.38% 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. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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