Two-Unit Residential Income
131 N Gifford Street Elgin, IL 60120
131 N Gifford Street, Elgin, IL, 60120
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For Sale
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This fully rented two-unit duplex features custom carpentry and separate heat systems for each unit.
Days on Market162
Property Features for 131 N Gifford Street
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Listing agency
Realty of America, LLC
(708) 788-1900
Listed by
Javier Gonzalez
Source
Crexi
Added: Feb 10 Updated: Jul 22 at 7:42AM Checked: Jul 22 at 7:42AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty of America, LLC
Investment Insights
Based on property information with market context.
This two-unit duplex offers custom lighting and carpentry on the main level along with a fireplace. Both units are currently occupied and the property is described as fully rented. The first-floor unit includes gas/forced air heat and provides access to a washer/dryer in the basement, while the upper unit is heated with electric baseboard heat.
The first-floor tenants are on a month-to-month arrangement, while the second-floor lease runs through July 2026. Tenant rent is described as $1,650 for each unit. Tenants pay all bills except water.
From an operations standpoint, the duplex is set up with separate heating for each unit and shared access to laundry facilities located in the basement for the first-floor tenant. The property also includes the described custom interior elements on the main level and is presented as move-in ready with current in-place occupancy.
The first-floor tenants are on a month-to-month arrangement, while the second-floor lease runs through July 2026. Tenant rent is described as $1,650 for each unit. Tenants pay all bills except water.
From an operations standpoint, the duplex is set up with separate heating for each unit and shared access to laundry facilities located in the basement for the first-floor tenant. The property also includes the described custom interior elements on the main level and is presented as move-in ready with current in-place occupancy.
Key Highlights
- Fully rented 2‑unit duplex with separate first‑floor and second‑floor tenant leases
- First‑floor tenants on month‑to‑month with access to washer/dryer in the basement
- Second‑floor lease in place until July 2026
Property Analytics
Location Intelligence
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Duplexes
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FAQs
What type of property is this?
Duplex - This fully rented two-unit duplex features custom carpentry and separate heat systems for each unit.
Where is this duplex located?
The property is located at 131 N Gifford Street Elgin, IL.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Fully rented 2‑unit duplex with separate first‑floor and second‑floor tenant leases; First‑floor tenants on month‑to‑month with access to washer/dryer in the basement; Second‑floor lease in place until July 2026
