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Property Description

Exceptional three-unit investment property, overflowing with charm and revitalized with modern enhancements. This property stands out for its versatility and functionality. Featuring a three-car garage, full basement, and attic with abundant storage capacity. BRAND NEW roof on the building and garage (2024). Water heater replaced in 2024. The main unit boasts 10-ft. ceilings, an extremely spacious living area, four bedrooms, two full bathrooms and a wood burning fireplace. Recent upgrades to unit #1 include fresh paint - new stove and refrigerator - new fans in the living and dining rooms. Apartments two and three underwent complete renovations in the past few years! Unit number two includes fresh paint - Laminate floors - Full bathroom upgrade - New blinds - Brand new kitchen cabinets (2022). In addition to previous upgrades, the owner also put up new drywall in the entire unit number three as well as new electric wall heaters. With high income potential, this property is a must see for investors or owner-occupiers seeking to maximize returns, while enjoying the benefits of multi-unit ownership. Close to downtown Elgin, Festival Park, Grand Victoria Casino, I-90, Rt. 20, schools, restaurants and so much more! Please make sure to show buyers the projected income that this building will bring in, in relation to the current income that is very low. SHOWINGS TO TAKE PLACE JUNE 8TH 12-3pm AND JUNE 9th 12-2:30pm

Overview

Property Status
Sold
Lot Size
8,712 Sq.Ft.
MLS ID
12062866
Property Type
Multi-Family
Year Built
1900

Features & Amenities

Neighborhood
Elgin
Garage Spaces
3.0
Water Source
Public
Roof
Asphalt
Lot Features
Sidewalks, Streetlights
Parking
Unassigned, Driveway, More Than 1 Spc/Unit
Heat Type
Electric, Forced Air, Floor Furnace
Sewer
Public Sewer, Sewer-Storm
Substructure
Concrete Perimeter
Other Exterior Features
Porch, Storms/Screens
Elementary School
Channing Memorial Elementary Sch
Middle School
Ellis Middle School
High School
Elgin High School
School District
46
Sales Price
$385,000
Real Estate Tax
$6,600/yr

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438 Villa Street

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for your interest in 438 Villa Street, Elgin, IL 60120

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