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3 Madison Street Algonquin, IL 60102 • Multi Unit - Multiple • Contingent

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Description

In-town income property with massive capital updates! This turn-key 2-flat in Algonquin's Historic District features a vacant owner's unit and a steady $1,300 month-to-month tenant upstairs. The main unit includes a garage, neutral carpet, and French doors to a sunroom. The adorable upper unit offers a private entrance, 2 bedrooms, newer appliances, and a laundry/desk area. Over $30K in recent upgrades provides total peace of mind: 2025 roof, 2025 chimney rebuild/tuckpointing/liner/cap, 2022 furnace and AC, 2022 electrical panel, and twin water heaters (2022 & 2025). Separate electric meters. Steps to downtown dining, bike paths, and the Fox River.

Property Highlights

Property Type: Multi Unit - Multiple

General Information

Bedrooms: 4
Bathrooms: 2
County: McHenry
High School: Dundee-Crown High School
Listed By:
RE/MAX Action 630-968-2600
MRED MLS
$350,000
Est. $2,359/mo
4beds
2baths
1cars
Contingent
BEDS4 BATHS2 full MLS#12718325
STATUSContingent PROPERTY TYPEMulti Unit - Multiple SCHOOLDistrict 300
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Shown By

Shelly Borota
 (563) 357-8243

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3 Madison Street, Algonquin, IL 60102.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $350,000$350,000$350,000
Down Payment $70,000$12,250$87,500
Monthly Mortgage Amount $1,770$2,172$2,197
Taxes $487$487$487
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$154$0
Monthly Estimated Total $2,359$2,915$2,786

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