530 Highland Avenue

Elgin, IL 60123

$189,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Landmark Brick Building with terrific street exposure. This property has the Brick commercial building on the frontage and a 2BR,2BA home. "RB"--residence/business zoning allows the live/work scenario. The house is currently rented for $1200 per month thru 05/25. The house was updated in 2018 and is in good condition with newer mechanicals, updated flooring, kitchen and baths. The Brick building is solid on the exterior but needs updating on the interior. It has one room on the main floor along with...Landmark Brick Building with terrific street exposure. This property has the Brick commercial building on the frontage and a 2BR,2BA home. "RB"--residence/business zoning allows the live/work scenario. The house is currently rented for $1200 per month thru 05/25. The house was updated in 2018 and is in good condition with newer mechanicals, updated flooring, kitchen and baths. The Brick building is solid on the exterior but needs updating on the interior. It has one room on the main floor along with a basement with 1/2 bath. Property sold "as is". For occupancy of the commercial building, the City will want parking lot and retaining wall upgrades to be completed. Buyer will need to sign off on these prior to closing.
  1. Listed by Ben Henrikson • RE/MAX Horizon

Property Details for 530 Highland Avenue

Area
Elgin
Township
Elgin
Zoning
COMMR
LISTING UPDATED: 12/03/2024 03:06 PM

Property Details for 530 Highland Avenue

StatusActive
MLS #12149043
Days on Market117
Taxes$2,932 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1920
Lot Size0.20 AC / 8,700 SF
CountyKane County

Building Information for 530 Highland Avenue

Stories1Residences2Year Built1920Lot Size0.20 AC / 8,700 SF

Property Information for 530 Highland Avenue

General Information
Location and General Information
  • Geographic Locale: Northwest Suburban
  • Information: None
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Window Unit(s)
  • Electric: Circuit Breakers
  • Heat/Ventilation: Forced Air
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 1
Property/Lot Information
  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 115X164X102
  • Lot Size Square Feet: 8700.0
  • Stories: 1
  • Fire Protection: Smoke or Fire Protectors
  • Building Area Total: 1128
  • # Of Offices: 1
  • # Of Stores: 1
  • Property Sub Type: Mixed Use
Property and Assessments
  • Public Document Count: 5
  • Document Date: 2024-10-02T17:28:35
  • Photos Count: 9
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $14,400.00
  • Gross Scheduled Income: $14,400.00
  • Insurance Expense: $2,100.00
  • Electric Expense Source: Broker Projection
  • Total Annual Expense Source: Actual
  • Fuel Expense Source: Broker Projection
  • Insurance Expense Source: Broker Projection
  • Trash Expense Source: Broker Projection
  • Total Monthly Income: 1200
  • Water Expense Source: Broker Projection
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $1,200.00

Property History for 530 Highland Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 530 Highland Avenue

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 - 7 to 12
Rating
School
Distance
Highland Elementary School
PublicPK to 6

Kimball Middle School
Public7 to 8

Larkin 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.

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530 Highland Avenue is a mixed use property for sale in Elgin, IL 60123. This property was listed for sale on August 27, 2024 by RE/MAX Horizon, it's currently listed at $189,000. This listing's school district is School District U-46. Nearby schools include Highland Elementary School, Kimball Middle School and Larkin High School. 530 Highland Avenue is a 0-bed, 0-bath, mixed use property built in 1920.

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 12/03/2024 03:06 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.