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1170 Dundee Avenue

Elgin, IL 60120
  • $1,050,000
  • STATUS: Closed
  • ON SITE: 194 Days
  • MLS #: 11146605
Sold - 01/14/2022
$1,050,000
SOLD - 01/14/2022
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 35,992
    SQFT
  • $29
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1970
County:
Area:

School Ratings & Info

Description

Overall building size is 35,992. First floor contains two industrial type units with warehouse space and loading docks. Smaller unit is 8,224 square feet and larger unit (occupied) being 18,067. The second floor is accessible via two stairways and a passenger elevator. The second floor contains seven residential apartments, 5-1 bedroom, 1 bath units; 1-2 bedroom, 2 bathroom units and 1-3 bedroom, 2.5 bathroom unit. The apartments are and have always been 100% occupied. The building was constructed in 1970 and is situated on a 1.33 acre site. The majority of the building is industrial space (77.2%) versus residential space (22.8%). All aspects of the building are desirable especially based on the location along the main arterial (I90 and Route 25.) Effective Gross Income (doesn't include vacant commercial space) $204,557. Mixed use zoning makes this building desirable for multiple business types. If need be, the listing agent will advise on how to apply for special use with the City of Elgin. Appraisal on file.

Sold by Swanson Real Estate.

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© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or @properties. Based on information submitted to the MRED as of 2022-01-17T16:59:30.78 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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 properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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1170 Dundee Avenue Elgin, IL 60120

  • Price: $1,300,000
  • Status: Closed
  • On Site: 194 Days
  • Updated: 18 min ago
  • MLS #: 11146605
0
Beds
0
Baths
0
½ Baths
N/A
Acres
35,992
SQFT
$29
$/SQFT
1970
Built
Neighborhood:
Elgin
County:
Kane
Area:
Elgin
Property Description
Overall building size is 35,992. First floor contains two industrial type units with warehouse space and loading docks. Smaller unit is 8,224 square feet and larger unit (occupied) being 18,067. The second floor is accessible via two stairways and a passenger elevator. The second floor contains seven residential apartments, 5-1 bedroom, 1 bath units; 1-2 bedroom, 2 bathroom units and 1-3 bedroom, 2.5 bathroom unit. The apartments are and have always been 100% occupied. The building was constructed in 1970 and is situated on a 1.33 acre site. The majority of the building is industrial space (77.2%) versus residential space (22.8%). All aspects of the building are desirable especially based on the location along the main arterial (I90 and Route 25.) Effective Gross Income (doesn't include vacant commercial space) $204,557. Mixed use zoning makes this building desirable for multiple business types. If need be, the listing agent will advise on how to apply for special use with the City of Elgin. Appraisal on file.
Exterior Features

Docks Exterior Exterior Building Type BrickCedar Foundation Details Concrete Perimeter Outdoor Parking 19-30 Spaces Parking Total 27 Roof Structure Mansard Water Drainage Storm Sewers

Interior Features

Cooling Wall SleeveWindow Unit(S) Flooring Other Heat Ventilation Central Bldg HeatRadiators Number Of Dishwashers 2 Number Of Dryers 2 Number Of Ranges 7 Number Of Washers 2

Property Features

Additional Parcels YN Yes Approximate Age Older Building Area Total 35992 Built Before1978 YN Yes Current Use CommercialOther Electric Separate MetersOther Financing Conventional Fire Protection None Geographic Locale Northwest Suburban Gross Income 204557 Gross Scheduled Income 204557 Insurance Expense 3063 Location Mixed Use Area Net Operating Income 122465 Number Of Tenants 8 Ownership Types Corporation Possible Use CommercialConditional UseIndustrialOffice And ResearchRetailSpecial Use Property Sub Type Mixed Use Rental Price 1 Short Sale Not Applicable Tax Annual Amount 28951 Tax Year 2020 Tenant Pays Air ConditioningElectricityVaries By Tenant Total Monthly Income 17046 Township Elgin Type Mixed Use Zoning Indus

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of Swanson Real Estate.


© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or @properties. Based on information submitted to the MRED as of 2022-01-17T16:59:30.78 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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 properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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