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167 W Elk Trail Carol Stream, IL 60188 Residential - Condominium Active

  • 167 W Elk Trail, Unit 167, Carol Stream, IL 60188 Main Photo

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Description

Excellent Investment Opportunity! Welcome to this charming and well-maintained 1-bedroom, 1-bathroom first-floor condo, offering comfort, convenience, and strong rental potential. The thoughtfully designed floor plan features an in-unit laundry, a spacious living room with a dining area, and the flexibility for an eat-in kitchen if preferred. Enjoy two private outdoor spaces-one patio off the living room overlooking the beautifully landscaped courtyard, perfect for relaxing, and a second patio off the kitchen, ideal for outdoor dining or enjoying your morning coffee. Additional storage is conveniently located just outside the unit's back door. The community offers an array of amenities, including ample parking, a private swimming pool, a playground, and beautifully maintained common areas. The low HOA provides exceptional value by covering heat, water, garbage, parking, exterior maintenance, lawn care, snow removal, and access to the community pool, leaving the tenant responsible for electricity only. This investor-friendly property is currently occupied by long-term tenants paying $1,400 per month, which is below current market value. Comparable rentals in the area suggest the potential to increase rents to $1,650 per month or more, making this an excellent opportunity for immediate cash flow with future upside. Conveniently located near shopping, restaurants, parks, public transportation, and major highways, this property offers an ideal combination of location, affordability, and investment potential. The owner is pursuing other investment opportunities, creating an excellent opportunity for the next owner. Don't miss your chance to own this income-producing property in a desirable location with significant upside potential!

Property Highlights

Property Type: Residential - Condominium
Built in 1980
School District: District 87
Brick Exterior

General Information

Bedrooms: 1
Bathrooms: 1
County: DuPage
Listed By:
Platinum Partners Realtors 630-435-3500
MRED MLS

Room Information

Dining Room: 10X9
Family Room: 10X9
Kitchen: 10X9
Living Room: 15X20
Primary Bedroom: 12X11
$169,500
Est. $1,171/mo
1beds
1baths
Active
BEDS1 BATHS1 full MLS#12695791
STATUSActive PROPERTY TYPEResidential - Condominium SCHOOLDistrict 87

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Ruhl&Ruhl Realtors
563.441.1776

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167 W Elk Trail, Unit 167, Carol Stream, IL 60188.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $169,500$169,500$169,500
Down Payment $33,900$5,933$42,375
Monthly Mortgage Amount $835$1,025$1,047
Taxes $236$236$236
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$75$0
Monthly Estimated Total $1,171$1,436$1,383

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