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House
·
for sale
USD 649,900
USD 122/sq.ft
409 Ann Street
South Elgin
· 5,296 sq.ft · 10 Bedrooms · House
· Equipped kitchen
South Elgin · 5,296 sq.ft · 10 Bedrooms · House · Equipped kitchen
Exceptional Value-Add Investment Opportunity! Solid 6-unit all-brick apartment building in the heart of South Elgin offering tremendous upside potential. The property features five spacious 2-bedroom, 1-bath units, each approximately 700 sq. Ft. with a bright living room, oversized eat-in kitchen with dining area, full bath, and generously sized bedrooms. The sixth unit is a studio apartment conveniently located on the lower level adjacent to the laundry room. Current rental rates are substantially below market value, creating an exceptional opportunity for investors to maximize returns through future rental increases. Comparable rental properties in the area command significantly higher rents, making this an ideal asset for value-add investors seeking long-term appreciation and increased cash flow. Additional income potential is provided by the on-site coin-operated laundry room featuring one washer, one dryer, and a bill change machine. The building is heated by a hot water boiler sy
Exceptional Value-Add Investment Opportunity! Solid 6-unit all-brick apartment building in the heart of South Elgin offering tremendous upside potential. The property features five spacious 2-bedroom, 1-bath units, each approximately 700 sq. Ft. with a bright living room, oversized eat-in kitchen with dining area, full bath, and generously sized bedrooms. The sixth unit is a studio apartment conveniently located on the lower level adjacent to the laundry room. Current rental rates are substantially below market value, creating an exceptional opportunity for investors to maximize returns through future rental increases. Comparable rental properties in the area command significantly higher rents, making this an ideal asset for value-add investors seeking long-term appreciation and increased cash flow. Additional income potential is provided by the on-site coin-operated laundry room featuring one washer, one dryer, and a bill change machine. The building is heated by a hot water boiler sy
USD 649,900