Five-Unit Apartment
316 Lawrence Avenue Elgin, IL 60123
For Sale
$500,000
Pending
Five-unit residential income building with a basement and attached 5-car garage, including recent roof and unit updates.
Days on Market65
Property Features for 316 Lawrence Avenue
General Information
- Standard status
- Pending
- Property subtype
- Multi Family 5+ / Corridor-Exterior Entrance
Building Details
- Year Built
- 1863
Listing Agency:
Preferred Homes Realty
(847) 695-6040
Listed By:
Jeff Kellenberger · License #471000230
(847) 695-6040
Source:
Compass
Added: May 21
Changed: Jul 10
Last Checked: Jul 23 at 6:35AM
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 Preferred Homes Realty
Investment Insights
Based on property information with market context.
This offering is a five-unit apartment building with a basement and a five-car garage. The roof was replaced approximately two years ago. Over the past few years, the owners have updated the railings for apartments 4 and 5, and apartment unit #5 was recently remodeled.
The property is located at 316 Lawrence Avenue in Elgin, Illinois. The current ownership notes several long-term tenants in place.
For buyers seeking a small multi-family asset, the building’s recent exterior work and interior updates to unit #5 may support ongoing operations. The presence of a basement and enclosed garage parking can also be a practical fit for tenants looking for additional storage or convenience.
The property is located at 316 Lawrence Avenue in Elgin, Illinois. The current ownership notes several long-term tenants in place.
For buyers seeking a small multi-family asset, the building’s recent exterior work and interior updates to unit #5 may support ongoing operations. The presence of a basement and enclosed garage parking can also be a practical fit for tenants looking for additional storage or convenience.
Key Highlights
- 5‑unit apartment building built in 1863 with a basement
- Attached 5‑car garage included with the property
- Roof was new about 2 years ago
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Five-unit residential income building with a basement and attached 5-car garage, including recent roof and unit updates.
Where is this apartment building located?
The property is located at 316 Lawrence Avenue Elgin, IL.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 5‑unit apartment building built in 1863 with a basement; Attached 5‑car garage included with the property; Roof was new about 2 years ago
