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160 Symphony Way, Elgin, IL 60120

$1,100,000

  • For Sale
  • Active
  • Commercial
  • Updated 4 days ago
160 Symphony Way, Elgin, IL 60120 View this property at 160 Symphony Way, Elgin, IL 60120
160 Symphony Way Elgin IL 60120

Property Description

Outstanding "Income Generating" building in excellent condition. This former hotel has been converted into 4 residential apartments, 3 commercial office spaces and a local business. Income easily exceeds expenses making this property an excellent choice for any serious investor. President of the Corporation that owns this property is a Illinois licensed real estate broker --

Full Property Details for 160 Symphony Way

  • Price: $1,100,000
  • Taxes: $17,939 (2015)
  • Status: Active
  • Type: Commercial
  • MLS ID: 09395846
  • Updated: 12/5/2016
  • Added: 10 day(s) ago

Property History

  • 160 Symphony Way, Elgin, IL
  • Listed at $1,100,000 on 11/29/16

Interior

  • Interior Features: Freight Elevator(s), Multi-Tenant, Basement
  • Flooring: Tile, Wood

Additional Information

  • Security/Safety: Smoke or Fire Protectors, Sprinklers (Wet)

Parking

  • Parking Features: Paved, Public Lot
  • Parking: Paved, Public Lot

Location

  • Area: Elgin
  • County: Kane
  • Township: ELGIN
  • Driving Directions: Heading South or North on route 58 - East on Symphony Way to 160
  • Location Details: Northwest Suburban, Central Business District, Mixed-Use Area

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Heating Type: Central Heat/Individual Controls

Structural Information

  • Construction: Brick, Concrete
  • Exterior Const.: Brick
  • Foundation: Concrete
  • Roof: Flat
  • Current Bldg. Use: Commercial
  • # of Stores: 1
  • Year Built: 1900
  • Built Before 1978: Yes

Unit Information

  • # Tenants: 8
  • Units w/Refrigerators: 4
  • Units w/Disposals: 4
  • # Washers: 4
  • # Dryers: 4

Lot Features

  • Lot Size (Sq. Ft.): 10,000
  • Lot Dimensions: PER SURVEY
  • Lot Access: City Street
  • Zoning: COMMR

Financial Considerations

  • Lease Price: $2
  • Tax Amount: $17,939.94
  • Tax Year: 2015
  • Terms: Conventional, Negotiable
  • Tenant Pays: Air Conditioning, Electric, Heat

Disclosures and Reports

  • Ownership: Corporation
  • APN: 614242011

Listed by Hometown Real Estate Group LLC

See This Property

Estimate the Cost

160 Symphony Way will cost you if you:

  • Buy it at list price: $
  • Put down a % down payment : $
  • Pay at a interest rate over

  • Pay $ per year in insurance and $ per year in property taxes.

Get pre-approved to see if you qualify for properties in this budget.

*These costs are estimates, and the interest rates assume exceptional credit standing.

In the Community

Nearby Schools

160 Symphony Way, Elgin, IL 60120 (MLS# 09395846) is a Commercial property. 160 Symphony Way is currently listed for $1,100,000 and was received on November 29, 2016. Want to learn more about 160 Symphony Way? 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.

Listed by Hometown Real Estate Group LLC