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Listed by Violet Ostrowskiof Keller Williams Thrive
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Est. payment /mo
New
495-499 Franklin BLVD Elgin, IL 60120
6 Beds
5,662 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12667341
Bedrooms 6
Year Built 1957
Annual Tax Amount $6,852
Tax Year 2025
Lot Size 5,662 Sqft
Lot Dimensions 115X50
Property Sub-Type Two to Four Units
Property Description
Meticulously maintained all brick duplex offering true turnkey ownership. Both mirror-image 3 bed/1 bath units. This property was purpose-built as a duplex with separate utilities for each tenant, including separately metered gas, electric and water, plus separate HVAC systems and central air for each side - creating a clean, efficient investment structure with minimal owner expense. Recent updates include a brand new roof (2025) and new washers and dryers in both units. Fully fenced backyard and each unit features a spacious living/dining combination, eat-in kitchen with ample cabinetry and counter space, full laundry area, attached 1-car garage, and private storage areas with divided crawlspaces and attics. Low-maintenance ownership with the owner currently responsible only for lawn care and snow removal at approximately $65/month. Property taxes are $6,852. Rental income is $4,145/mo and $49,740/year. Conveniently located near downtown, the Rec Center, Library, Metra and I-90. Whether you're looking to expand your portfolio or secure a strong income-producing asset, this is the kind of property investors look for. Photos are from when the property was vacant prior to tenants.
Location
State IL
County Kane
Rooms
Basement None
Interior
Heating Natural Gas, Forced Air
Fireplace N
Exterior
Garage Spaces 2.0
View Y/N true
Building
Sewer Public Sewer
Water Public
Structure Type Frame
New Construction false
Schools
School District 46, 46, 46
Others
Ownership Fee Simple
Special Listing Condition None
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