624 South Street Elgin, IL $ 395,000
624 South Street
$ 395,000
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624 South Street

Elgin, IL, 60123
$ 395,000
Bedrooms4 Baths2.0 Sq 2,270

Monthly Estimate*

$ 2,464

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Multi-Family Home for sale in Elgin, IL

for $395,000 with 4 bedrooms and 2 full baths. This 2,270 square foot home was built in 1900 on a lot size of 0.42.

Investor's Dream or Perfect Live/Work Setup! This is the investment opportunity you've been waiting for! Two Spacious 2 bedroom Units - Live in one and rent the other, or rent both for excellent income potential. Fully Functional Garage Building - Located at the rear of the lot and equipped with electric, gas, and water lines (gas & water currently capped off). Features three overhead doors with space to add a fourth, a main-floor office/storage room, and an 800 sq. ft. unfinished upper level-ideal for a workshop, studio, or additional storage.The seller just completed a total tear-off roof replacement (October 2025) and has priced it to sell. Whether you're an investor, owner-occupant, or contractor, this property delivers unmatched flexibility and value. Property Highlights: Updated Mechanical Systems - Both units feature 1.5-year-old GFA furnaces and central air conditioning for comfort and efficiency. Energy Efficient - Triple insulation in all exterior walls and nearly all newer thermo-type windows help reduce utility costs. Shared Basement Access - A central staircase leads to a clean, shared basement with hookups for two sets of washers and dryers. Low Owner Expenses - Owner pays water/sewer; tenants pay gas and electric. Why You'll Love It: Zoned and set up for success, this property offers endless income potential with minimal overhead. Whether you're looking to expand your investment portfolio, generate steady cash flow, or create the ideal live/work environment, this property checks all the boxes. Don't miss this opportunity-schedule your showing today!

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Multi-Family Contingent

Price

$ 395,000

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 7,871

Style

Queen Anne

Lot Size

0.42

Year Built

1900

Town/City

Elgin

County/Region

Kane

MLS | Web ID

12504264

Features
General
Sewer Public Sewer Storm Sewer
Heating Natural Gas Forced Air
Utilities Cable Available
Possession Closing
Roof Asphalt
Garage Spaces 4
Architectural Style Queen Anne
Construction Materials Aluminum Siding
Year Built 1900
Township Elgin
Tax Year 2024
Ownership Fee Simple
Community Features Sidewalks Street Lights Street Paved
County Kane
New Construction N
Property Type Residential Income Two to Four Units
Contingency Attorney/Inspection
Subdivision Name Jc and Wh Kimballs
Other Structures Garage(s) Storage
Total Rooms 10
Status Contingent
Directions McLean Boulevard south to Lillian; East to South Street; East on South Street to sign in yard;
High School Larkin High School
City Elgin
High School District 46
MLS Area Elgin
Elementary School Washington Elementary School
Tax Annual Amount 7871
Middle/Junior High School Kimball Middle School
Additional Parcels Y/N N
Standard Status Active Under Contract
Middle/Junior School District 46
Elementary School District 46
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Interior
Basement Unfinished Stone/Rock Storage Space Walk-Up Access Full Walk-Out Access
Total Bedrooms 4
Total Baths 2
Bedrooms Possible 4
Bathroom Accessible Shower Soaking Tub
Full Baths Building 2
Half Baths Building 0
Total Number of Units 2
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Exterior
Parking Features Garage Door Opener Yes Garage Owned Detached Garage
Lot Features Landscaped Level
Water Source Public
Total Parking 4
Foundation Details Other
Lot Dimensions 99 X 188
Lot Size Acres 0.42
Waterfront Y/N N
Other Equipment TV-Cable CO Detectors Ceiling Fan(s) Multiple Water Heaters
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* Excluded Features
List By
Inspire Realty Group Llc

Broker

chris@inspirerealtygroup.com

Email

Affordability Calculator

$3,120
Per Month
79%
21%
0%
Monthly Principal & Interest
$2,464
Monthly Property Taxes
$656
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
4962602 Elementary School
1540256 Middle School
Larkin High School High School
Pricing History
DatePricePrice ChangeDescription
10/26/2025$395,000 Listed Price

Map


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624 South Street, Elgin, IL, 60123 is a Multi-Family Home for sale at $395,000 with 2,270 sqft and a lot size of 0.42. 624 South Street has 4 bedrooms, 2.0 baths, and was built in 1900. The property's zip code is 60123 which is in Elgin, IL