Duplex with Waterfront
151 Beach Court South Elgin, IL 60177
151 Beach Court, South Elgin, IL, 60177
$325,000
Pending
For Sale
$325,000
Pending
Two-unit duplex on an oversized lot with water frontage, including an attached 2-car garage for Unit 1.
Property Size1,500 SF
Days on Market39
Property Features for 151 Beach Court
General Information
- Standard status
- Pending
- Size
- 1,500 SF
- Property subtype
- Two to Four Units / 2 Flat
Listing agency
Stoll Real Estate
(847) 214-1619
Listed by
Andrew Stoll · License #471018925
(847) 214-1619
Source
Compass
Added: Jun 14 Updated: Jul 21 at 10:46PM Checked: Jul 22 at 8:32AM
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 Stoll Real Estate
Investment Insights
Based on property information with market context.
This two-unit duplex offers value-add potential on an oversized lot backing directly to the water. Unit 1 features a 2-bedroom, 1-bath layout with an attached 2-car garage, a smart thermostat, LVP flooring, and an updated kitchen with 42-inch cabinets, tile backsplash, quartz countertops, and modern appliances. Unit 2 includes updated finishes with 42-inch cabinets, quartz countertops, and appliances, with waterfront views from the unit.
The property is currently occupied and may be delivered either with the current tenants kept or vacant at closing, depending on buyer preference. The sale also includes a small vacant lot to the left of the property. The duplex is sold as-is and needs some work, including the driveway, front walk, and some interior floor/ceiling TLC.
The property is currently occupied and may be delivered either with the current tenants kept or vacant at closing, depending on buyer preference. The sale also includes a small vacant lot to the left of the property. The duplex is sold as-is and needs some work, including the driveway, front walk, and some interior floor/ceiling TLC.
Key Highlights
- 2‑unit duplex in South Elgin’s Fox River Beach subdivision on an oversized lot with direct water frontage
- Unit 1: 2 bed, 1 bath with an attached 2‑car garage, smart thermostat, and LVP flooring
- Unit 1 updated kitchen with 42" cabinets, tile backsplash, quartz countertops, and modern appliances
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.1k | $20.04 |
| − Vacancy | −$2.3k | −$1.50 |
| EGI | $27.8k | $18.54 |
| − OpEx | −$8.3k | −$5.56 |
| NOI | $19.5k | $12.98 |
1,500 SF · lease $20.04/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$278.1K
$243.3K – $324.4K
NOI $19,464 @ 7.0% cap · market cap 5.99%
Second Best
Apartment 5plus
$248.6K
$217.5K – $290.0K
NOI $17,401 @ 7.0% cap · market cap 5.35%
Theoretical Best
Office A
$517.9K
$453.2K – $604.2K
NOI $36,252 @ 7.0% cap · market cap 11.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Two-unit duplex on an oversized lot with water frontage, including an attached 2-car garage for Unit 1.
Where is this duplex located?
The property is located at 151 Beach Court South Elgin, IL.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 2‑unit duplex in South Elgin’s Fox River Beach subdivision on an oversized lot with direct water frontage; Unit 1: 2 bed, 1 bath with an attached 2‑car garage, smart thermostat, and LVP flooring; Unit 1 updated kitchen with 42" cabinets, tile backsplash, quartz countertops, and modern appliances
