The story
Unit 304 at 801 North Mclean Boulevard is a 1-bedroom, 1-bathroom, three-story condo in Elgin, IL with 750 sq ft of living space, built in 2002. It is currently listed at $73,000, with a monthly HOA fee of $1,974.
INVESTOR ONLY! Rare, turnkey opportunity in The Greens of Elgin, a premier 55+ independent living community. Long-term tenant in place with lease extending through March 2027 at $600/mo. This secure 3rd-floor end unit is conveniently located near the elevator and boasts major 2023 upgrades, including a new furnace, A/C, and water heater. Features an open floor plan, fully applianced kitchen, in-unit washer/dryer, and a private patio with peaceful green space views. The monthly assessment - paid by tenant - provides high-value amenities that residents love, including 20 dinner meals/mo., all utilities, weekly housekeeping/linen service, transportation, and a full calendar of social/cultural activities. Includes basement storage; garages available for an additional charge. A hassle-free, income-generating asset in a highly desirable community!
