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1170 Dundee Avenue, Elgin, IL 60120
$1,050,000
1170 Dundee Avenue, Elgin, IL 60120View this property at 1170 Dundee Avenue, Elgin, IL 60120
1170 Dundee AvenueElginIL60120
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Property Description
Overall building size is 35,992. First floor contains two industrial type units with warehouse space and loading docks. Smaller unit is 8,224 square feet and larger unit (occupied) being 18,067. The second floor is accessible via two stairways and a passenger elevator. The second floor contains seven residential apartments, 5-1 bedroom, 1 bath units; 1-2 bedroom, 2 bathroom units and 1-3 bedroom, 2.5 bathroom unit. The apartments are and have always been 100% occupied. The building was constructed in 1970 and is situated on a 1.33 acre site. The majority of the building is industrial space (77.2%) versus residential space (22.8%). All aspects of the building are desirable especially based on the location along the main arterial (I90 and Route 25.) Effective Gross Income (doesn't include vacant commercial space) $204,557. Mixed use zoning makes this building desirable for multiple business types. If need be, the listing agent will advise on how to apply for special use with the City of Elgin. Appraisal on file.
Full Property Details
Full Property Details for 1170 Dundee Ave
General
- Sold For: $1,050,000
- Taxes: $28,951 (2020)
- Status: Closed
- Type: Commercial
- MLS ID: 11146605
- Added to Site: 1, 023 day(s) ago
Interior
- Flooring: Other
Exterior
- Exterior Features: Enclosed Stairs
Parking
- Total Spaces: 27
- Parking Features: 19 to 30 Spaces
Location
- Area: Elgin
- County: Kane
- Driving Directions: Northwest Tollway to Illinois 25 (1st Elgin Exit) go South on 25 and property is down approximately .4 mile on right. Next to Speedway Gas Station.
- Location Details: Northwest Suburban, Mixed-Use Area
Heating & Cooling
- Cooling Type: Wall Sleeve, Window Unit(s)
- Heating Type: Central Building Heat, Radiators
Structural Information
- Construction: Brick
- Exterior Const.: Brick, Cedar
- Foundation: Concrete Perimeter
- Loading: Exterior
- Sub-Flooring: Other
- Stories/Levels: 2
- Square Feet: 35,992
- Current Bldg. Use: Commercial, Other
- # of Stores: 1
- Year Built: 1970
- Built Before 1978: Yes
Unit Information
- # Tenants: 8
- Units w/Refrigerators: 7
- Units w/Range/Oven: 7
- # Dryers: 2
Lot Features
- Lot Size (Sq. Ft.): 57,934
- Lot Dimensions: 243.4 x 101.3 x 221.8 x 100.5
- Drainage: Storm Sewers
- Potential Use: Commercial, Conditional Use, Industrial, Office and Research, Retail, Special Use
- Zoning: INDUS
Financial Considerations
- Lease Price: $1
- Assessment Year: 1970
- Tax Amount: $28,951
- Tax Year: 2020
- Tenant Pays: Air Conditioning, Electricity, Varies by Tenant
Disclosures and Reports
- Property ID: 601479015
Listed and Sold by Swanson Real Estate
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Schools
Schools serving 1170 Dundee Ave
School District:Sd U-46
Rating | Name | Grades | Distance |
---|---|---|---|
1220 Dundee Ave, Elgin, IL 60120 | K-6 | 0.1 mi | |
665 Dundee Ave, Elgin, IL 60120 | 7-8 | 0.7 mi | |
1200 Maroon Dr, Elgin, IL 60120 | 9-12 | 2.5 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1170 Dundee Ave
Date
Details
Price
Change
Source
1/14/2022
Sold
$1,050,000
-19.23%
MLS
7/06/2021
Listed
$1,300,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1170 Dundee Avenue, Elgin, IL 60120 (MLS# 11146605) is a Commercial property that was sold at $1,050,000 on January 14, 2022. Want to learn more about 1170 Dundee Avenue? Do you have questions about finding other Commercial real estate for sale in Elgin? You can browse all Elgin real estate or contact a Coldwell Banker agent to request more information.