292 Villa Street

Elgin, IL 60120

$739,900
Price
12
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Investors look no more, Historic Spacious 6-unit building. Exterior rehab 2024. New roof. New blacktop parking lot 2022 With additional parking off street. Units have been updated throughout with newer flooring, updated tile baths and kitchens with newer cabinetry, counters and appliances. Tenant pays gas and electric. Each unit has their own heating unit and hot water heater. Electric all updated. Attic is fully insulated. Front and rear entrances for each unit. Common front porches on each level....Investors look no more, Historic Spacious 6-unit building. Exterior rehab 2024. New roof. New blacktop parking lot 2022 With additional parking off street. Units have been updated throughout with newer flooring, updated tile baths and kitchens with newer cabinetry, counters and appliances. Tenant pays gas and electric. Each unit has their own heating unit and hot water heater. Electric all updated. Attic is fully insulated. Front and rear entrances for each unit. Common front porches on each level. Full basement with utilities, potential for laundry and storage rooms. Walkable to downtown Elgin, commuter train, casino, dining and shopping. Rents are below market, and demand in this area is high.
  1. Listed by Marie Krajecki • Century 21 New Heritage - Hampshire

Property Details for 292 Villa Street

Area
Elgin
Township
Elgin
Zoning
MULTI
LISTING UPDATED: 02/12/2025 12:52 PM

Property Details for 292 Villa Street

StatusActive
MLS #12264996
Days on Market44
Taxes$11,502 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Interior Entrance
Year Built1900
Lot Size0.11 AC / 4,700 SF
CountyKane County

Building Information for 292 Villa Street

Stories3Residences6Year Built1900Building Size-Lot Size0.11 AC / 4,700 SF

Property Information for 292 Villa Street

General Information
Addtl Parking Information
  • Outdoor Parking: 6-12 Spaces
Location and General Information
  • Frontage Type: City Street
  • Information: 24-Hr Notice Required,List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: None
  • Electric: Circuit Breakers
  • Basement Description: Unfinished
  • Heat/Ventilation: Hot Water,Steam
  • # Of Refrigerators: 6
  • Washer/Dryer Lsd: No
  • Num of Baths: 6.0
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Corridor-Interior Entrance
  • Lot Dimensions: 36X130
  • Lot Size Square Feet: 4700.0
  • Stories: 3
  • Exterior Building Type: Brick, Cedar
  • Construction: Frame
  • Foundation Details: Concrete Perimeter, Stone
  • Building Area Total: 5211
  • # Of Ranges: 6
  • MRD_UNC: No
Property and Assessments
  • Possible Use: Multi-Family
  • Public Document Count: 1
  • Document Date: 2025-01-27T17:46:22
  • Photos Count: 13
Miscellaneous
  • Current Use: Multi-Family
  • Land Amenities: Curbs and Gutters,Security Entrance,Sidewalks,Cable Ready
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Electric Expense: $800.00
  • Fuel Expense: $.00
  • Gross Income: $75,000.00
  • Gross Scheduled Income: $75,000.00
  • Insurance Expense: $4,800.00
  • Maintenance Expense: $10,000.00
  • Manager Expense: $.00
  • Electric Expense Source: Combination
  • Total Annual Expense Source: Combination
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Janitor Expense: 0
  • Repairs-Decor Expense Source: Combination
  • Trash Expense Source: Actual
  • Total Monthly Income: 6250
  • Water Expense Source: Actual
  • Net Operating Income: $42,048.00
  • Operating Expense: $30,702.00
  • Other Expense: $.00
  • Trash Expense: $1,200.00
  • Water Sewer Expense: $3,225.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 6
Unit 2
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 0
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 292 Villa Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 292 Villa Street

Taxable ValueLand$11,946Additions$122,985Total$134,931
Tax Record2023$11,502 ($959 / month)
Home Facts
Beds0Total Finished SqFt5,211 SqFtAbove Grade Finished SqFt5,211 SqFtStories3Lot Size4,752 SqFtStyleSingle Family ResidenceYear Built1890CountyKANEAPN06-13-380-011

Schools near 292 Villa Street

This home is within School District U-46.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Garfield Elementary School
PublicPK to 6

Ellis Middle School
Public7 to 8

Elgin High School
Public9 to 12

Dream Academy
Public9 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

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292 Villa Street is a multi-family home for sale in Elgin, IL 60120. This property was listed for sale on January 24, 2025 by Century 21 New Heritage - Hampshire, it's currently listed at $739,900. It has been on the market for a total of 44 days and was last sold on April 4, 2017. This listing's school district is School District U-46. Nearby schools include Garfield Elementary School, Ellis Middle School and Elgin High School. 292 Villa Street is a 12-bed, 6-bath, multi-family home built in 1900.

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 Century 21 New Heritage - Hampshire

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 02/12/2025 12:52 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.