Cherry St

4 Bedroom Real Estate at 167 Cherry St has been sold for $190,000. Click here to view details, map, and photos.

Elgin

167 Cherry St

167 Cherry St, Sold in ELGIN - Zoocasa

Great Investment Property! Positive Cash Flow! 2 Flat Two 2 bedroom 1 Bathroom Units. Various updates through the years. Solid rent roll with little vacancy. Part of 27 Building Investment Portfolio in Elgin. Buy 1 or Buy Multiple. Owner prefers to sell in groups but will sell individually.

This 2-unit property presents a fantastic investment opportunity. With the same tenants happily residing for 2 years and eager to stay, the property offers steady rental income. Recent improvements include updated plumbing in 2024, ensuring modern sewer piping. Both units feature new appliances, including refrigerators, water heaters, and stoves, and were remodeled prior to the current tenants' move-in. Tenants pay their own gas and electric, while the owner covers the water bill. Each unit also comes with a detached garage, providing added value. With these updates and reliable tenants, this property is a great long-term investment.

167 Cherry St, Elgin, IL

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