24 N Airlite Street, Elgin, Illinois 60123

$2,200,000
5
BD
2
BA

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List Price
$2,200,000
MLS#
12709330
Status
ACTIVE
Type
Multifamily
Subtype
Residential Income
Bedrooms
5
Bathrooms
2
County
Kane
City
Elgin
Neighborhood
Elgin
Days On Market
9

Property Description

This duplex is to be taken down. This parcel has been approved for 20 two bedroom apartments with 38 garages underneath. all electric apartments. Elevator to 3 floors . underground detention system already installed. It took 6 years to rezone to a planned unit development. All architectural prints have been approved. This is a 3 story building about 34248 sq ft. with garages. Extra storage in the garages. Civil engineering and electric engineering done.Bids are in and ready for new owner. permits to start are waiting. Plans are available. Monthly income for this new building should be $50000 a month or more. call with all questions.

Additional Information

School District
46
Corporate Limits
Elgin
Tax Year
2025
Lot Dimensions
100x299.6
Lot Size Range
.50-.99 Acre
Units
2
Parking Spaces
4
Heating
Natural Gas
Sewer
Public Sewer, Storm Sewer
Basement
Yes

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