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Incredible investment opportunity in the heart of Elgin! This solid 2-flat offers spacious units, each with 2 bedrooms and 1 bath, and separate gas and electric utilities, ideal for both owner-occupants and savvy investors looking to generate steady rental income. Major improvements were completed in 2014, including high-efficiency furnaces, a hot water heater, a tear-off roof, and several thermal windows, offering long-term peace of mind and energy efficiency. Each unit features a well-designed layout and includes a stove and refrigerator, making it easy to get up and running quickly. The full basement offers abundant storage space and potential for future value-add opportunities. Sitting on a generous 66x91 lot, the property includes a partially fenced yard and convenient front, side, and rear parking-easily accommodating up to 4 vehicles. Located just minutes from downtown Elgin, the Metra station, shopping, and dining, this property is well-positioned for strong tenant demand. Zoned for multi-family use with low property taxes, this is a fantastic opportunity to expand your rental portfolio or launch your next rehab project. Property is being sold AS-IS.
Property Type(s):
Multi Family
| Last Updated | 7/6/2025 | Year Built | 1900 |
|---|---|---|---|
| Community | Elgin | County | Kane |
Additional Details
| AREA | Elgin |
|---|---|
| BASEMENT | Full, Unfinished, Yes |
| CONSTRUCTION | Cedar |
| HEAT | Natural Gas |
| LOT | 5663 sq ft |
| LOT DIMENSIONS | 66X91 |
| PARKING | Unassigned, On Site |
| SEWER | Public Sewer |
| TAXES | 4317 |
| WATER | Public |
| ZONING | MULTI |
Location
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Listed with Zamudio Realty Group
The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of MRED. All real estate listings are marked with the Broker ReciprocitySM logo or the MRED Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2025 MRED. All rights reserved.
The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2025 MRED. All rights reserved.
This IDX solution is (c) Diverse Solutions 2025.
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