408 E Chicago Street Elgin, IL ^$ 509,900

408 E Chicago Street

^$ 509,900

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Recently Listed

408 E Chicago Street

Elgin, IL, 60120

^$ 509,900

Bedrooms6 Baths4.0

Monthly Estimate*

^$ 3,140

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408 E Chicago Street, Elgin, IL 60120 - Image 10

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408 E Chicago Street, Elgin, IL 60120 - Image 12

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Multi-Family Home for sale in Elgin, IL

for $509,900 with 6 bedrooms and 4 full baths. This home was built in 1920.

Great investment opportunity! This well-maintained 4-unit building offers strong income potential! Recent updates include a newer water heater and driveway, exterior painted 2024 with the roof replaced in recent years (exact date unknown). The property features ample parking perfect for tenants and is conveniently located near downtown, providing easy access to shopping, dining, and amenities. Whether you're looking to expand your portfolio or secure a solid income-producing asset, this is one you don't want to miss!

Multi-Family Active

Price

^$ 509,900

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 9,156

Style

American 4-Sq.

Year Built

1920

Town/City

Elgin

County/Region

Kane

MLS | Web ID

12598511

Features

General

Sewer Public Sewer Storm Sewer

Heating Natural Gas Steam Radiator(s)

Possession Closing Tenant's Rights

Roof Asphalt

Zoning MULTI

Garage Spaces 2

Architectural Style American 4-Sq.

Construction Materials Stucco

Year Built 1920

Township Elgin

Tax Year 2024

Ownership Fee Simple

Gross Income 5950

Community Features Sidewalks Street Lights Street Paved

County Kane

New Construction N

Property Type Residential Income Two to Four Units

Energy Efficient Low flow commode Low flow fixtures

Total Rooms 19

Status New

Directions Chicago St. (Rt.19) west of Liberty(Rt.25)

High School Elgin High School

City Elgin

High School District 46

MLS Area Elgin

Elementary School Channing Memorial Elementary Sch

Tax Annual Amount 9156.68

Electric Expense 0

Middle/Junior High School Ellis Middle School

Additional Parcels Y/N N

Standard Status Active

Middle/Junior School District 46

Elementary School District 46

Interior

Basement Unfinished Exterior Entry Full

Total Bedrooms 6

Total Baths 4

Bedrooms Possible 6

Full Baths Building 4

Half Baths Building 0

Total Number of Units 4

Exterior

Exterior Amenities Balcony Roof Deck

Parking Features Yes Garage Owned Detached Unassigned Off Alley Driveway Alley Access Owned Garage

Water Source Public

Total Parking 8

Foundation Details Block Stone

Lot Dimensions 63X143X65X144

Waterfront Y/N N

Other Equipment Water Heater-Gas

* Excluded Features

List By

Realty Of America, Llc

Broker

jrjesusperez@yahoo.com

Affordability Calculator

$3,903

Per Month

Monthly Principal & Interest: $3,140
Monthly Property Taxes: $763
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% 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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Nearby

Trends
Schools

Multi-family listings in Elgin, IL

Average List Price ^$419,873

Percent of Sale Price 18%

About Elgin, IL

114,155 Population

21% Since 2002

^$61,828 Median Income

35.71 Median Age

38% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1540817 Elementary School

566326 Middle School

Elgin High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/24/2026	$509,900		Listed Price

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408 E Chicago Street, Elgin, IL, 60120 is a Multi-Family Home for sale at $509,900. 408 E Chicago Street has 6 bedrooms, 4.0 baths, and was built in 1920. The property's zip code is 60120 which is in Elgin, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% 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.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 3/29/2026.

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408 E Chicago Street

Multi-Family Home for sale in Elgin, IL

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