Elgin, IL 60120,1170 Dundee AVE
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Elgin, IL 60120,1170 Dundee AVE
Elgin, IL 60120,1170 Dundee AVE
Elgin, IL 60120,1170 Dundee AVE
Elgin, IL 60120,1170 Dundee AVE

$1,050,000

Est. payment /mo

$1,300,000

19.2%
Est.Price: ?

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1170 Dundee AVE Elgin, IL 60120

35,992 SqFt

SOLD DATE : 01/14/2022

Key Details

Sold Price $1,050,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 35,992 sqft

Price per Sqft $29

MLS Listing ID 11146605

Year Built 1970

Annual Tax Amount $28,951

Tax Year 2020

Property Sub-Type Mixed Use

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.

Location

State IL

County Kane

Area Elgin

Zoning INDUS

Interior

Cooling Wall Sleeve, Window Unit(s)

Flooring Other

Building

Structure Type Brick

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Midwest Real Estate Data (MRED) IDX
Listed by Mary Hager-Swanson • Swanson Real Estate
Bought with Mary Hager-Swanson • Swanson Real Estate
agent

Pat Smarto

Managing Broker / Owner | License ID: 471.000052,

+1(847) 338-3848

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