435 Washington Street Elgin, IL $ 279,000
435 Washington Street
$ 279,000
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435 Washington Street

Elgin, IL, 60123
$ 279,000
Bedrooms-- Baths--

Monthly Estimate*

$ 1,718

435 Washington Street, Elgin, IL 60123 - Image 1
435 Washington Street, Elgin, IL 60123 - Image 2
435 Washington Street, Elgin, IL 60123 - Image 3
435 Washington Street, Elgin, IL 60123 - Image 4

Commercial Property for sale in Elgin, IL

for $279,000. This building was built in 1925 on a lot size of 0.439394.

Exceptional opportunity to own a versatile mixed-use property featuring both residential and commercial components under flexible RB (Residence/Business) zoning, allowing for residential use, business use, or a combination of both. The residential portion consists of a well-maintained and updated 2-bedroom, 2-bath home currently leased at $1,900 per month, providing immediate rental income. Also included is a separate brick commercial building located at 530 W. Highland Ave., presenting excellent potential for an owner-occupant business, office, studio, retail space, or additional income-producing use. The building features a spacious main-level room, a basement for storage or expanded functionality, and a convenient half bath. The commercial space is currently vacant, creating an opportunity to customize for your needs or secure a new tenant. Whether you're an investor seeking diversified income streams, an entrepreneur looking to operate a business steps from home, or a buyer exploring redevelopment and value-add possibilities, this property offers flexibility, visibility, and long-term potential.

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Commercial Active

Price

$ 279,000

Property Type

Commercial

Taxes

$ 3,154

Style

Lot Size

0.439394

Year Built

1925

Town/City

Elgin

County/Region

Kane

MLS | Web ID

12669192

Features
General
Cooling Window Unit(s)
Year Built 1925
Electric Service - 0 to 100 Amps
Stories Count 1
Property Subtype Mixed Use
Tax Year 2025
Gross Income 22800
County Kane
Insurance Expense 800
Property Type Commercial Sale Mixed Use
Status New
Directions Highland west of route 31
City Elgin
Number Of Units Total 2
MLS Area Elgin
Lot Size Square Feet 19140
Tax Annual Amount 3154
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 100
Additional Parcels Y/N N
Standard Status Active
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Exterior
Lot Dimensions 164.70X103X115
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* Excluded Features
List By
Charles Rutenberg Realty Of Il

Broker

jgawley@gawleyre.com

Email

Affordability Calculator

$1,981
Per Month
87%
13%
0%
Monthly Principal & Interest
$1,718
Monthly Property Taxes
$263
Monthly 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
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/5/2026$279,000 Listed Price

Map


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435 Washington Street, Elgin, IL, 60123 is a Commercial Property for sale at $279,000 with a lot size of 0.439394. 435 Washington Street was built in 1925. The property's zip code is 60123 which is in Elgin, IL