226 Mountain Street, Elgin, IL 60123

4 beds |
2 baths

Multi-Family Home
Built in 1900
5,663sqft lot
—— car garage
$——/sqft
Listed 14 days ago

Property Description

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.

Listing Status:: Active
Listing Office:: Zamudio Realty Group : 847-608-6600
Listing Agent:: Esther Zamudio : 847-508-7500
MLS ID:: 12409321

Basement: UnfinishedFull
Heating: Natural Gas

This listing courtesy of Esther Zamudio, Zamudio Realty Group

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Washington Elementary School

819 W Chicago St, Elgin, IL, 60123

Grades KG-6

0.53 miles away

Central School Program

355 E Chicago St, Elgin, IL, 60120

Grades 7-12

0.63 miles away

Central School Program

355 E Chicago St, Elgin, IL, 60120

Grades 7-12

0.63 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.