Attention investors and savvy buyers-look no further for your next cash-flowing machine in Elgin! Perfectly situated near local schools, parks, and shopping, this outstanding multi-unit property is the ideal turnkey investment or ultimate house-hacking opportunity. The main level offers a bright 2-bedroom, 1-bathroom unit, mirrored by a second 2-bedroom, 1-bathroom unit upstairs, while a full basement provides exceptional potential to generate extra rental income. Adding even more value is a massive garage and workshop, perfect for contractor storage or an additional stream of revenue. Properties with this much upside at this price point are a rare find, so schedule your showing today before this incredible deal slips away!
New
$399,900
642 E Chicago St, Elgin, IL 60120
4beds
--sqft
Multi Family
Built in 1900
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Massive garage and workshopFull basement
- --
- on Zillow |
- 174
- views |
- 15
- saves |
Zillow last checked:
Listing updated:
Listed by:
Ivan Santos 786-498-7978,
O'Neil Property Group, LLC
Source: MRED as distributed by MLS GRID,MLS#: 12731445
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 3
Heating
- Natural Gas
Features
- Basement: Partially Finished,Full
Property
Parking
- Total spaces: 13
- Parking features: Yes, Garage Owned, Detached, Driveway, Garage
- Garage spaces: 3
- Has uncovered spaces: Yes
Lot
- Size: 0.38 Acres
Details
- Parcel number: 0613282014
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Aluminum Siding, Vinyl Siding, Cedar
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Elgin
Financial & listing details
- Tax assessed value: $270,024
- Annual tax amount: $6,845
- Date on market: 8/13/2026
- Ownership: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/16/2026 | Sold | $265,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $6,563 +5% | $90,008 +10.7% |
| 2023 | $6,250 +14.2% | $81,315 +17.6% |
| 2022 | $5,474 +4.6% | $69,129 +7% |
| 2021 | $5,231 +3% | $64,631 +4.8% |
| 2020 | $5,080 +3.1% | $61,700 +5% |
| 2019 | $4,929 +1% | $58,773 +6.1% |
| 2018 | $4,881 +2.4% | $55,368 +5.8% |
| 2017 | $4,767 -8% | $52,343 +7.8% |
| 2016 | $5,179 | $48,560 +9.1% |
| 2015 | -- | $44,510 +1.3% |
| 2014 | -- | $43,960 -2.6% |
| 2013 | -- | $45,119 -17.9% |
| 2012 | -- | $54,975 -21.7% |
| 2011 | -- | $70,205 -9.7% |
| 2010 | -- | $77,704 -6.7% |
| 2009 | -- | $83,302 |
| 2008 | -- | $83,302 +3.3% |
| 2007 | -- | $80,625 +6.8% |
| 2006 | -- | $75,496 +6.5% |
| 2005 | -- | $70,895 +6.8% |
| 2004 | -- | $66,406 +7.8% |
| 2003 | -- | $61,607 +8% |
| 2002 | -- | $57,044 +7.4% |
| 2001 | -- | $53,089 +5.1% |
| 2000 | -- | $50,523 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Lords Park
Nearby schools
GreatSchools rating
- 4/10Lords Park Elementary SchoolGrades: PK-6Distance: 0.8 mi
- 4/10Ellis Middle SchoolGrades: 7-8Distance: 0.3 mi
- 2/10Elgin High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- District: 46
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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