17-27 North Grove Avenue

Elgin, IL 60120

$699,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

The "Galleria on North Grove" is available for sale along with the building to the North and the parking lot between the two buildings! This iconic Historic building is both visually stunning and is in excellent condition. Both buildings have been mechanically updated and fully modernized. The first floor of 25-27 Grove is leased to a tavern and the second floor is available for lease. Second floor can be two separate spaces. Second floor is currently office type use but could be converted to residential....The "Galleria on North Grove" is available for sale along with the building to the North and the parking lot between the two buildings! This iconic Historic building is both visually stunning and is in excellent condition. Both buildings have been mechanically updated and fully modernized. The first floor of 25-27 Grove is leased to a tavern and the second floor is available for lease. Second floor can be two separate spaces. Second floor is currently office type use but could be converted to residential. 17 N. Grove first floor is leased to a salon and the second floor is a residential apartment. This is a one of kind opportunity to own two highly recognizable and visible properties in downtown Elgin along with a dedicated parking lot. Situated across from a large City parking lot and the Post Office/City Hall. Walking distance to Metra, Bus Station, Bike Trail, Restaurants, Shopping and all that downtown Elgin has to offer.
  1. Listed by Ben Henrikson • RE/MAX Horizon

Property Details for 17-27 North Grove Avenue

Area
Elgin
Township
Elgin
Zoning
COMMR
LISTING UPDATED: 11/20/2024 03:27 PM

Property Details for 17-27 North Grove Avenue

StatusContingent
MLS #12199122
Days on Market31
Taxes$13,382 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1880
Lot Size0.07 AC / 3,047 SF
CountyKane County

Building Information for 17-27 North Grove Avenue

Stories2Residences5Year Built1880Lot Size0.07 AC / 3,047 SF

Property Information for 17-27 North Grove Avenue

General Information
Location and General Information
  • Geographic Locale: Northwest Suburban
  • Information: 24-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Circuit Breakers, Service - 101 to 200 Amps
  • # Of Washers: 1
  • Heat/Ventilation: Forced Air,Gas
  • # Of Refrigerators: 1
  • # Of Dryers: 1
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 1
Property/Lot Information
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 60X66X65
  • Lot Size Square Feet: 3047.0
  • Stories: 2
  • Exterior Building Type: Brick
  • Construction: Brick
  • Fire Protection: Fire Extinguisher/s
  • Building Area Total: 6344
  • # Of Offices: 2
  • # Of Ranges: 1
  • # Of Stores: 2
  • Property Sub Type: Mixed Use
  • MRD_UNC: No
Property and Assessments
  • Public Document Count: 1
  • Document Date: 2024-10-29T16:07:38
  • Photos Count: 28
Miscellaneous
  • Current Use: Commercial
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 5
Income & Expenses
  • Electric Expense: $3,834.00
  • Fuel Expense: $1,270.00
  • Gross Income: $67,200.00
  • Gross Scheduled Income: $67,200.00
  • Insurance Expense: $8,417.00
  • Electric Expense Source: Combination
  • Expense Year: 2023
  • Total Annual Expense Source: Combination
  • Fuel Expense Source: Combination
  • Insurance Expense Source: Combination
  • Trash Expense Source: Combination
  • Total Monthly Income: 5600
  • Water Expense Source: Combination
  • Net Operating Income: $33,388.00
  • Operating Expense: $33,812.00
  • Other Expense: $.00
  • Trash Expense: $222.00
  • Water Sewer Expense: $6,687.00

Property History for 17-27 North Grove Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 17-27 North Grove Avenue

This home is within School District U-46.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 7 to 12
Rating
School
Distance
Channing Memorial Elementary School
PublicK to 6

Ellis Middle School
Public7 to 8

Elgin High School
Public9 to 12

Central School Program
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Horizon

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 11/20/2024 03:27 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.