Accepting Backups
741 Elgin Street
Cherry Valley, IL 61016
$469,900 ▼ $5,100 from $475,000
0beds
0baths
—sqft
0.34acres
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About this home
Excellent investment opportunity with this 6-unit multifamily property featuring a strong rental history and solid long-term tenants in place. The building includes a mix of 4 one-bedroom units and 2 two-bedroom units, currently generating approximately $4,500 in total monthly rent with potential for future rent increases. Several units have seen recent updates, including new vinyl flooring and carpeting in 4 of the units within the last 1-3 years, while the remaining units offer hardwood and older finishes. Bathrooms have had updated fixtures and replaced toilets, and all units remain functional and well-maintained. The property offers separate entrances for most units, off-street parking, and a basement area with utility meters and additional storage. All units are electric with baseboard heat, and the building has no known electrical, plumbing, or foundation issues. A great opportunity for investors seeking stable cash flow with upside potential.
MLS Description — as provided by the listing brokerage.
The facts
Property typeCommercial Sale
Year built1960
Lot size0.34 acres
Annual tax$6,695
CountyWinnebago
MLS #MRD12571125
Days on market25
Listed by
EJC REAL ESTATE SERVICES
Krystal Hudson
Listing courtesy of mred MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of 3/13/2026, 7:29:11 PM. All data should be independently verified.
This home is under contract but the seller is accepting backup offers. Contact a dwello agent to submit.
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