Backup offers
$3,958 Closing Credit¹
#12321142, Robert Wisdom, Listing Office: RE/MAX Horizon
$270,000 List price
167 Cherry St Elgin, IL 60120
$3,206
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
StatusAccepting Backup Offers
(Contingent)
(Contingent)
BasementYes
Year built1865
ParkingOn Site, Garage Owned, Detached, Garage
MLS #12307747
Garage2 spaces
Summary
- Basement: Yes
- Total Bedroom Count: 4
- Garage Space: 2 spaces
- Parking: On Site, Garage Owned, Detached, Garage
- Heating: Natural Gas
- List Price: $270,000
- Annual Tax Amount: $4,881
- Tax Year: 2023
- Directions: Kimball to Spring to Cherry
- Year Built: 1865
- 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
$270,000
167 Cherry St
$3,206
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 majority of Elgin, IL residents have income between $35k-100k annually. Residents typically live in married, with kids family. The most common level of education of people living in this area is high school diploma.
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
Elgin's transport infrastructure includes a variety of options for both private and public transit. The city's road network facilitates easy commuting and travel, with access to major highways. Public transportation services are available, with schedules designed to accommodate the needs of residents. The community also features areas with high walkability, and there are initiatives to enhance bikeability across the city. Ride-sharing services are present, providing additional transportation options for the community.
The community benefits from a solid educational system, with numerous public and private schools providing a range of educational opportunities. Elgin is home to several healthcare facilities, offering services that include urgent care, primary care, and specialized medical treatments. The city also features a network of public libraries and a variety of retail and dining options that showcase the local culture. City initiatives are in place to continually improve services to meet the evolving needs of Elgin's diverse population.
Elgin is celebrated for its rich cultural heritage and community spirit. The city prides itself on its vibrant downtown area, which serves as a hub for local events and festivals that reflect the community's diverse cultural identity. The presence of historical buildings and landmarks contributes to the unique character of Elgin, offering residents and visitors a glimpse into the city's storied past.
Elgin offers a diverse housing market with a blend of historical and contemporary architectural styles. The housing landscape features a selection of single-family homes, which are prevalent, alongside a mix of apartments and townhouses that cater to various preferences. The architectural styles range from Victorian and Colonial to modern constructions, with a significant portion of homes built in the late 20th century. The homeownership rate in Elgin is robust, with a substantial majority of residents owning their homes, while a smaller percentage are renters.
About 167 Cherry St
The listing price of 167 Cherry St property is $270,000.
The property 167 Cherry St is a house located in Elgin, Illinois, 60120.
Accepting Backup Offers: 167 Cherry St is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
The nearby schools for 167 Cherry St are: Mckinley Elementary School (GreatSchools Rating 3/10), Ronald O'Neal Elementary School (GreatSchools Rating 3/10), Channing Elementary School (GreatSchools Rating 2/10), Larsen Middle School (GreatSchools Rating 2/10), Ellis Middle School (GreatSchools Rating 4/10), Abbott Middle School (GreatSchools Rating 1/10), Larkin High School (GreatSchools Rating 2/10), Elgin High School (GreatSchools Rating 3/10), South Elgin High School (GreatSchools Rating 5/10).
According to the records, the last property tax for 2023 is $4,881 (source: MLS/based on county public records data).
The last sale was on March 21, 2023 for $180,000 (source: MLS/tax record).
The property at 167 Cherry St has 4 bedrooms and 2 bathrooms.
The year of construction for 167 Cherry St is 1865.
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 $270,000.
In April 2025 more than 49 listings in Elgin, IL were sold above the asking price. During the same period more than 21 listings were sold at asking price, while more than 48 were sold below. Between March and April 2025, Elgin, IL real estate market has seen increase in the number of listings by 17.2%. The median list price of listings available in April 2025 was $334,557, while the average time on the real estate market was 27 days.
From Rocket Homes Real Estate and based on county public records data.