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85 S Crystal Street, Elgin, IL 60123
$2,250,000 Contingent
85 S Crystal Street, Elgin, IL 60123View this property at 85 S Crystal Street, Elgin, IL 60123
85 S Crystal StreetElginIL60123
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Property Description
Presenting a prime investment opportunity featuring a 3-story, 15-unit apartment building; mix of (6) 1 Bed/1 Bath and (9) 2 Bed/1 Bath. All units are accessible from exterior and interior entrances. The units are finished with laminate flooring , eat-in kitchens, spacious bathrooms, and sleeve air conditioners. There are (9) units with baseboard heat and (6) units with its own individual furnace; tenants pay electric and gas. In addition, the full basement accommodates laundry facilities, mechanical systems, utility meters, and storage space for both tenants and the owner. The property is nearly one-acre with a generously sized front lot, providing the potential for future development or expansion. This building offers investors to add value with minimal investment, as major mechanical upgrades and essential updates have already been completed. Improvements: New Asphalt Parking Lot (2023); New Dumpster Enclosure (2023); New Plumbing For Boiler (2022); New Hot Water Heater (2022); Installed Laundry Machines (2022); New Dollar Bill To Coin Exchanger (2022). Located near downtown Elgin offering convenient access to the Metro station, Elgin Community College, Grand Victoria Casino, The Fox River and I-90.
Full Property Details
Full Property Details for 85 S Crystal St
General
- Price: $2,250,000
- HOA FEE: $2,800
- Taxes: $33,229 (2022)
- Status: Contingent
- Type: Commercial
- MLS ID: 11920303
- Updated: 3/29/2024
- Added to Site: 178 day(s) ago
Interior
- Interior Features: Storage Inside, Laundry Room
Additional Information
- Security/Safety: Fire Extinguisher(s), Smoke or Fire Protectors, Carbon Monoxide Detector(s)
Location
- Area: Elgin
- County: Kane
- Township: Elgin
- Driving Directions: RT 31 TO LOCUST W TO CRYSTAL N TO PROPERTY
Heating & Cooling
- Cooling Type: Wall Sleeve
- Heating Type: Electric, Forced Air, Gas, Wall Unit, Separate per Unit
Utilities
- Trash: 3800
- Onsite: Storm Sewer Available, Municipal Water
Structural Information
- Stories/Levels: 3
- Square Feet: 11,349
- Current Bldg. Use: Multi-Family
- Year Built: 1972
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 15
- Units w/Range/Oven: 15
- # Dryers: 2
Lot Features
- Lot Size (Acres): 0.79
- Lot Dimensions: 255 x 136
- Frontage: City Street
- Potential Use: Multi-Family
- Zoning: MULTI
Financial Considerations
- Maint. Fee: $2,800
- Insurance Fee: $6,000
- Operating Expenses: $75,429
- Security Deposit: Fire Extinguisher/s, Smoke or Fire Protectors, Carbon Monoxide Detector(s)
- Assessment Year: 1972
- Tax Amount: $33,229
- Tax Year: 2022
- Tenant Pays: Electricity, Heat, Varies by Tenant
- Pays Electric: 1200
- Pays Trash: 3800
Disclosures and Reports
- Property ID: 614429005
Listed by Berkshire Hathaway HomeServices Chicago
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Schools
Schools serving 85 S Crystal St
School District:Sd U-46
Rating | Name | Grades | Distance |
---|---|---|---|
819 W Chicago St, Elgin, IL 60123 | K-6 | 0.6 mi | |
949 Van St, Elgin, IL 60123 | 7-8 | 0.8 mi | |
1475 Larkin Ave, Elgin, IL 60123 | 9-12 | 1.4 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 85 S Crystal St
Date
Details
Price
Change
Source
11/02/2023
Listed
$2,250,000
83.67%
MLS
12/13/2021
Sold
$1,225,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 85 S Crystal St
Year
Property Taxes
Change
Tax Assessment
Change
2022
$33,230
4%
$383,224
7%
2021
$31,965
—
$358,287
5%
2021
$31,965
5%
$342,040
5%
2019
$30,430
—
$325,815
6%
2018
$30,346
-4%
$306,938
-1%
2017
$31,750
4%
$308,687
8%
2016
$30,543
—
$286,378
9%
2015
$30,439
-7%
$262,491
1%
2014
$32,559
20%
$259,250
-3%
2013
$27,104
—
$266,088
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 85 S Crystal St
85 S Crystal Street, Elgin, IL 60123 (MLS# 11920303) is a Commercial property. 85 S Crystal Street is currently listed for $2,250,000 and was received on November 02, 2023. Want to learn more about 85 S Crystal Street? 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.