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.
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Property Details
Utilities
Heating Natural Gas
Cooling
Water Public
Sewer Public Sewer
Additional Information
Parking
4 Parking Spaces, Unassigned, On Site, Owned, Parking included in price
Schools
District 46
Payment Calculator
Listing History
07-06-2025
Listed at $259,900
08-04-2025
Price decreased by $5,000 to $254,900
09-02-2025
Status changed to Cancelled
Last Modified 9/2/25 10:14 AM
Nearby Transportation
Milwaukee West
0.2 mi
Hwy 20 West
1.1 mi
Hwy 20 East
1.2 mi
I 90 East
1.8 mi
I 90 West
2.1 mi
Broker Reciprocity
Listing provided by Zamudio Realty Group
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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Real estate listings held by brokerage firms other than Urban Real Estate are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.