Great 4unit with (3) 1bed units and (1) 2bed apartment. Located on the same street as Elgin Academy and is close to downtown. Fully rented, 1 year leases, full security deposits, GREAT CAP RATE over 13% Seller relocating out of state. Below market value As-Is
Great 4unit with (3) 1bed units and (1) 2bed apartment. Located on the same street as Elgin Academy and is close to downtown. Property can be purchased in bulk with 24 S. Porter, 333-335 Raymond, and 326-334 Raymond.
MRED as Distributed by MLS Grid #07488082
Jul 26, 2010
Sold (MLS) (Closed Sale)
$121,000
Jun 30, 2010
Pending
—
Jun 14, 2010
Relisted (Reactivated)
—
May 20, 2010
Contingent
—
May 20, 2010
Relisted (Reactivated)
—
May 1, 2010
Contingent
—
Apr 2, 2010
Listed (New)
$118,900
+10
Great opportunity here. 4 units live in one unit and rent the the other units or rent all of the units. May qualify for de-conversion grant from city. Legality of Apts not guranteed by seller.
Public Records
Aug 16, 2005
Sold
$305,000
Public Records
May 28, 2002
Sold
$234,000
Public Records
Nov 9, 1988
Sold
$76,000
Year
Property tax
Land + Additions
Assessment*
2025
$8,988 (+3.5%)
$21,947 + $95,863
$117,810
2024
$8,684 (−10.9%)
$21,947 + $95,863
$117,810
2023
$9,750 (+16.7%)
$20,215 + $88,296
$108,511
2022
$8,352 (+4.0%)
$18,263 + $96,109
$114,372
2021
$8,034 (+2.5%)
$16,653 + $79,668
$96,321
2020
$7,841 (+2.5%)
$15,569 + $74,484
$90,053
2019
$7,648 (+13.2%)
$14,158 + $67,733
$81,891
2018
$6,758 (+1.7%)
$14,158 + $67,733
$81,891
2017
$6,647 (+4.0%)
$13,338 + $55,021
$68,359
2016
$6,394 (+0.3%)
$12,609 + $52,015
$64,624
2015
$6,372 (+12.3%)
$11,698 + $48,256
$59,954
2013
$5,674 (−16.9%)
$10,869 + $44,837
$55,706
2012
$6,825 (−9.0%)
$10,869 + $44,837
$55,706
2011
$7,500 (+2.2%)
$11,740 + $55,035
$66,775
2010
$7,335 (+3.1%)
$14,546 + $75,277
$89,823
2009
$7,114 (+4.7%)
$14,546 + $75,277
$89,823
2008
$6,795 (−4.1%)
$15,594 + $80,700
$96,294
2007
$7,083
$15,093 + $78,107
$93,200
Tax history for 116 College St
Year
Property tax
Land + Additions
Assessment*
2025
$8,988 (+3.5%)
$21,947 + $95,863
$117,810
2024
$8,684 (−10.9%)
$21,947 + $95,863
$117,810
2023
$9,750 (+16.7%)
$20,215 + $88,296
$108,511
2022
$8,352 (+4.0%)
$18,263 + $96,109
$114,372
2021
$8,034 (+2.5%)
$16,653 + $79,668
$96,321
2020
$7,841 (+2.5%)
$15,569 + $74,484
$90,053
2019
$7,648 (+13.2%)
$14,158 + $67,733
$81,891
2018
$6,758 (+1.7%)
$14,158 + $67,733
$81,891
2017
$6,647 (+4.0%)
$13,338 + $55,021
$68,359
2016
$6,394 (+0.3%)
$12,609 + $52,015
$64,624
2015
$6,372 (+12.3%)
$11,698 + $48,256
$59,954
2013
$5,674 (−16.9%)
$10,869 + $44,837
$55,706
2012
$6,825 (−9.0%)
$10,869 + $44,837
$55,706
2011
$7,500 (+2.2%)
$11,740 + $55,035
$66,775
2010
$7,335 (+3.1%)
$14,546 + $75,277
$89,823
2009
$7,114 (+4.7%)
$14,546 + $75,277
$89,823
2008
$6,795 (−4.1%)
$15,594 + $80,700
$96,294
2007
$7,083
$15,093 + $78,107
$93,200
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
6
Baths
4
Stories
—
Lot width
—
Lot depth
—
Lot size
10,098 Sq. Ft.
Year renovated
—
Sq. Ft.
—
Year built
1903
Style
Single Family Residential
County
Kane County
APN
0613156013
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 8, 2026.
Property details
Parking
Parking Information
# of Cars: 4
# of Exterior Parking Spaces: 4
Parking Space(s)
Parking On-Site
Parking Ownership: Owned Parking
Interior
Bedroom Information
# of Bedrooms: 6
# of Bedrooms (Above Grade): 6
Bathroom Information
# of Baths (Full): 4
Additional Rooms Information
Foyer, Sitting Room
Full Basement
Unfinished Basement
Equipment
Ceiling Fan
Heating & Cooling
Gas Heating, Forced Air Heating
Exterior
Building Information
# of Units: 4
Built Before 1978
Age: 100+ Years
Frame Exterior
Concrete Foundation
Asphalt/Glass Roof (Shingles)
Property Features
Balcony, Porch
Lot Information
Dimensions: 66X153
.25-.49 Acre
Fenced Yard
Zoning: MULTI
Property Information
# of Rooms: 15
Ownership: Fee Simple
Model: 4 FLAT
Parcel Identification Number: 0613156013
Financial
Financial Information
Tax: $6,394
Tax Year: 2016
Special Service Area: N
Total Rental Income: $47,400
Gross Rental Income: $47,400
Net Operating Income: $42,600
Finance Code: Cash
Utilities
Utility Information
Water: Public
Sewer (Public)
Location
Multi-Family Information
3 Bedroom Unit(s) in Building
Unit 1 Information
# of Rooms: 6
# of Beds: 2
# of Baths (Full): 1
# of Baths (1/2): 1
Total Sq. Ft.: 950
Floor #: 1
Stove, Refrigerator, Garage/Parking Space
Tenant Pays Electric, Tenant Pays Gas
Rent: $1,100
Security Deposit: $1,100
Lease Expiration Date: 06/19
Unit 2 Information
# of Rooms: 3
# of Beds: 1
# of Baths (Full): 1
Total Sq. Ft.: 700
Floor #: 2
Stove, Refrigerator, Garage/Parking Space
Tenant Pays Electric, Tenant Pays Gas
Rent: $950
Security Deposit: $950
Lease Expiration Date: 6/19
Unit 3 Information
# of Rooms: 3
# of Beds: 1
# of Baths (Full): 1
Total Sq. Ft.: 650
Floor #: 2
Stove, Refrigerator, Garage/Parking Space
Tenant Pays Electric, Tenant Pays Gas
Rent: $950
Security Deposit: $950
Lease Expiration Date: 07/19
Unit 4 Information
# of Rooms: 1
# of Beds: 1
# of Baths (Full): 1
Total Sq. Ft.: 800
Floor #: 3
Stove, Refrigerator, Garage/Parking Space
Tenant Pays Electric, Tenant Pays Gas
Rent: $950
Security Deposit: $950
Lease Expiration Date: 01/19
School Information
Elementary School District: 46
Junior High District: 46
High School District: 46
Location Information
Township: Elgin
Corporate Limits: Elgin
Directions: PARK STREET EAST OF LIBERTY TO COLLEGE
Public facts
Beds: 6
Baths: 4.0
Sq. Ft.: —
Stories: —
Lot Size: 10,098 square feet
Style: Single Family Residential
Year Built: 1903
Year Renovated: —
County: Kane County
APN: 0613156013
Home facts updated by county records on Sep 8, 2026
Other
Expense Information
Gross: $4,800
Listing Information
Sale Price Includes Parking
Possession: Closing
Holds Earnest Money: Yes
Seller Concessions: No
Around this home
Schools
Ronald D O'Neal Elementary School
Public K-6 • Assigned • 0.5mi
4/10
Larsen Middle School
Public 7-8 • Assigned • 0.7mi
3/10
Elgin High School
Public 9-12 • Assigned • 1.9mi
2/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 102° expected this year, 14 days in 30 years
2/10 Wind Factor
0% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Elgin, IL • 60120
Average low and high temperatures (°F)
28
13
37
20
54
33
62
42
70
47
81
61
85
66
81
62
78
56
67
47
49
36
35
21
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.2 hours in
June and 3.4 hours in December, placing it below the
U.S. average for solar exposure.
10.2 hrs
3.4 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$442,000 – $535,000
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