Backup offers
$2,898 Closing Credit¹
#12286117, Rene Mendoza, Listing Office: Core Realty & Investments Inc.
$280,000 List price
167 Cherry St Elgin, IL 60120
$3,325
Closing credit¹
4 beds
2 baths
House
Property details
About 167 Cherry St
This 2-unit property presents a fantastic investment opportunity. With the same tenants happily residing for 2 years and eager to stay, the property offers steady rental income. Recent improvements include updated plumbing in 2024, ensuring modern sewer piping. Both units feature new appliances, including refrigerators, water heaters, and stoves, and were remodeled prior to the current tenants' move-in. Tenants pay their own gas and electric, while the owner covers the water bill. Each unit also comes with a detached garage, providing added value. With these updates and reliable tenants, this property is a great long-term investment.
Highlights
Home typeResidential
HeatingNatural Gas
StatusActive
(New)
(New)
BasementYes
Year built1865
MLS #12307747
Garage2 spaces
Summary
- MLS Number: 12307747
- MLS Name: MRED
- Office Name: Luna Real Estate Inc.
- Office Phone: (224) 659-4676
- Office Email: mariarealtor09@gmail.com
- Listing Agent: Maria Tamayo
Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.
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Get an agent. Get a mortgage. Save big.¹
$280,000
167 Cherry St
$3,325
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Mar 21, 2023 | Home Sold | $180,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $57,260 | $4,881 |
| 2022 | $48,157 | $4,175 |
| 2021 | $45,023 | $4,016 |
| 2020 | $42,981 | $3,920 |
| 2019 | $40,942 | $3,813 |
| 2018 | $38,570 | $3,750 |
| 2017 | $36,463 | $3,750 |
History based on county public records data.
Nearby schools
3
Mckinley Elementary School
Public District KG-6
0.5 mi
•258 Lovell St
3
Ronald O'Neal Elementary School
Public District KG-6
0.7 mi
•510 Franklin Blvd
2
Channing Elementary School
Public District KG-6
0.8 mi
•63 S Channing St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $57,609. The most common annual income of people living in Elgin, IL is between $35k-100k. Most families are married, with kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
16%
<35k
70%
35k-100k
13%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
26%
Single, No Kids
25%
Single, with Kids
10%
Married, No Kids
39%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
25%
<11 yrs old
10%
12-17 yrs old
31%
18-34 yrs old
31%
35-64 yrs old
3%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Basketball
Soccer
Where do the neighbors shop?
Burlington
Ross Dress For Less
Forever 21
Where do the neighbors go to eat?
Popeyes
Jasons Deli
Dominos Pizza
What do the neighbors drive?
Dodge
Acura
Mazda
What do the neighbors listen to?
Urban Contemporary
Rhythmic Contemporary Hits
Rock
All data provided by Home Junction and Claritas
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Frequently asked questions
Living in Elgin, IL
About 167 Cherry St
This home is located at 167 Cherry St in Elgin, IL and zip code 60120. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since March 12, 2025 and is currently priced at $280,000.
Over 17 listings were sold over their listed price in February 2025 in Elgin, IL. In the same period over 36 listings were sold below the listed price and 21 listings were sold for the listed price. In February 2025 in Elgin, IL there were 2.8% more homes for sale than in January. In February 2025, listings were on the market for 45 days. During the same period, the median list price in this real estate market was $334,540.
From Rocket Homes Real Estate and based on county public records data.