Property Description

Investors looking for an opportunity to own apartment rentals look no further! Two adjacent well-kept 4-plexes built amongst the pine trees on separate tax lots are ready for the motivated investor who has residual income as a future priority! As a residential gem in the city of Elgin, you don't want to miss this rare opportunity which was built with pride in 1979 and owned by only the original owner! Located near schools and close to shopping makes this a place that tenants enjoy calling home as turnover and vacancies are nearly nonexistent! Offering 8 total spacious units with seven 2-bedroom 1-bathroom units and one 1-bedroom 1 bathroom unit. All units include range/oven, refrigerator, dishwasher and a garbage disposal! The convenient on-site laundry room has 2 washers and 2 dryers for all tenants to utilize as needed. The grounds give the feeling of a park like atmosphere as landscaping is always well maintained. Each upstairs unit provides a Trex deck out the dining room sliding glass door to enjoy the evening views while relaxing, and the downstairs units offer a patio and a small yard! The buildings have newer roofs, double pane vinyl windows, Hardy siding, and exterior paint. Make an appointment to see this great opportunity today! Listing agent is related to the seller. Each 4-Plex may be sold individually at $499,000 each as they are on separate tax lots, or together as listed. Financials are available.