FOR SALE
$1,050,000

1940 Mark Avenue
Elgin, IL 60123

Multi-Family
Residence
0.56
Acre Lot
1of
Photos
Map
Courtesy: Triton Realty Group LLC
Last Updated: 7/21/2019 4:29 AM
Triton Realty Group is pleased to present 1940 Mark Avenue, a 19 unit studio apartment building located on the northwest side of Elgin. The property is fully occupied with longer term tenants and allows a new investor an add-value opportunity by raising rents from $583 on average to a pro-forma $695. Cosmetic unit improvements would improve a currently yielding 6.08% CAP rate to a 8.39% CAP rate. The property neighbors the Big Timber Metra track which provides easy access for tenants using the train to commute and is within close proximity of I-90. The building sits on a large, 24,000+ square foot lot which provides 31 parking spaces and two exterior storage units. It also sits at the end of a dead-end street providing more privacy than other properties on the block. Two washers and two dryers for additional income. Property ready to be improved by new owner to market rents!
10415332
Multi-Family, 2 Story
Kane
0.56 Acres
2
School Rating Out of 10
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Data Provided by  GreatSchools.org
Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.

Walk Score

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Courtesy: Triton Realty Group LLC
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