230 S State St Elgin, IL 60123
Near West Elgin NeighborhoodEstimated payment $32,777/month
About This Home
This great opportunity for an investment building so conveniently located near a Metra stop (only 1.4 miles away), Randall Rd, Rt 20, and I90 does not come along very often! 230 State Street offers Building is fully rented many long terms tenant positive cash flow.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $78,522
Year Built
- Built in 1962
Home Design
- Brick Exterior Construction
Additional Features
- 4-Story Property
- Lot Dimensions are 32x142x176x201
- Central Heating
Community Details
Overview
- 32 Units
Building Details
- Electric Expense $3,600
- Fuel Expense $19,200
- Insurance Expense $15,000
- Maintenance Expense $17,500
- Other Expense $1,200
- Trash Expense $6,000
- Water Sewer Expense $26,000
- Operating Expense $168,822
- Gross Income $574,800
- Net Operating Income $422,378
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2023 | $78,522 | $921,136 | $77,643 | $843,493 |
| 2022 | $45,922 | $529,593 | $70,797 | $458,796 |
| 2021 | $44,174 | $495,132 | $66,190 | $428,942 |
| 2020 | $43,110 | $472,680 | $63,189 | $409,491 |
| 2019 | $42,053 | $450,257 | $60,191 | $390,066 |
| 2018 | $41,936 | $424,171 | $56,704 | $367,467 |
| 2017 | $41,244 | $400,994 | $53,606 | $347,388 |
| 2016 | $39,676 | $372,014 | $49,732 | $322,282 |
| 2015 | -- | $340,985 | $45,584 | $295,401 |
| 2014 | -- | $336,775 | $45,021 | $291,754 |
| 2013 | -- | $345,659 | $46,209 | $299,450 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/11/2025 04/11/25 | For Sale | $4,700,000 | -- | -- |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $3,500,000 | Stewart Title | |
| Warranty Deed | $2,350,000 | Chicago Title | |
| Warranty Deed | $739,500 | Chicago Title Insurance Co | |
| Trustee Deed | -- | Chicago Title Land Trust Co | |
| Trustee Deed | $1,290,000 | Chicago Title Insurance Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,450,000 | New Conventional | |
| Previous Owner | $1,600,000 | Commercial | |
| Previous Owner | $1,282,500 | Commercial | |
| Previous Owner | $1,280,000 | Unknown | |
| Previous Owner | $1,250,000 | Commercial | |
| Previous Owner | $1,000,000 | Commercial |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12336160
APN: 06-14-478-025
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Based on information submitted to the MLS GRID. 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. Some IDX listings have been excluded from this website.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked.
Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
- 214 S State St
- 3 National St Unit 3
- 5 National St Unit 5
- 7 National St Unit 7
- 187 S Grove Ave
- 163 Oak St
- 157 River Walk Ct
- 216 Prairie St
- 71 S Jackson St
- Lot 305 Wyrenwood Cir
- 173 Orchard St
- 321 Orchard St
- 50 S State St
- 155 Lord St
- 515 Orange St
- 259 Gertrude St
- 292 Villa St
- 317 Adams St
- 333 Gertrude St Unit 333
- 624 South St