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$399,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 6 Total Beds
  • Updated 7 hours ago
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Perfectly positioned just minutes from vibrant downtown Barrington and the Metra station, this rare two-flat offers endless possibilities in one of the area's most sought-after locations. Featuring two spacious 3-bedroom, 1-bath units, each with its own private entrance and separate utilities, this property is ideal for investors, owner-occupants, or those looking to create their dream home. The building includes a full basement with shared laundry and abundant storage, along with ample off-street parking. Long-term tenants have provided stable occupancy, while below-market rents present an outstanding opportunity for increased income and future value. Whether you choose to continue operating as an income-producing two-flat, convert it back into a spacious single-family residence, or explore redevelopment potential (subject to municipal approval), the possibilities are exceptional. Located within distance to Barrington's award-winning restaurants, boutique shopping, parks, schools, and Metra, this property combines small-town charm with unmatched convenience. Opportunities like this in downtown Barrington are few and far between-don't miss your chance to unlock the full potential of this unique property.

Full Property Details for 331-333 E Lincoln Ave

General

  • Price: $399,000
  • Taxes: $8,929 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12714708

Rental Information

  • Complex Features: Park, Curbs, Sidewalks, Street Lights, Street Paved

Interior

  • Basement: Unfinished

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Upper - Full Baths: 2
  • Bathroom Features: Soaking Tub

Bedrooms

  • Total Bedrooms: 6

Additional Information

  • Equipment: Carbon Monoxide Detectors
  • Other Features: Commuter Train

Exterior

  • Exterior Features: Lighting

Parking

  • Total Spaces: 4
  • Parking Features: Unassigned, Driveway, Yes, Owned

Location

  • Area: Barrington Area
  • County: Cook
  • Township: Barrington
  • Driving Directions: Hough Street S. of Main Street, E. on Lincoln Ave

School Information

  • School District: 220
  • Elem School District: 220
  • Midd School District: 220
  • High School District: 220
  • Elementary School: Hough Street Elementary School
  • Middle School: Barrington Middle School - Stati
  • High School: Barrington High School
  • Private School: Barrington High School

Heating & Cooling

  • Heating Type: Natural Gas, Forced Air, Sep Heating Systems - 2+, Individual Controls

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Info: Traditional
  • Architectural Style: Traditional
  • Model: 2 flat
  • Construction: Vinyl Siding
  • Exterior Const.: Vinyl Siding
  • Basement: Yes
  • Basement Desc.: Unfinished, Exterior Entry, Storage Space, Full
  • Foundation: Concrete Perimeter
  • Roof: Asphalt
  • Windows: Screens
  • Year Built: 1884
  • Built Before 1978: Yes

Unit Information

  • Units in Building: 2

Manufactured Home

  • Model: 2 flat

Lot Features

  • Lot Size (Acres): 0.16
  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 66 x 109 x 66 x 109
  • Lot Features: Backs to Trees/Woods
  • Zoning: MULTI

Financial Considerations

  • Parking Included: Yes
  • Assessment Year: 1884
  • Tax Amount: $8,929
  • Tax Year: 2025
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 1011180020000
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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— 331-333 E Lincoln Ave —

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Tax History for 331-333 E Lincoln Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$8,929
—
$33,000
-17%
2023
$8,929
2%
$39,993
—
2022
$8,725
11%
$39,993
26%
2021
$7,829
4%
$31,747
—
2020
$7,556
-1%
$31,747
-13%
2019
$7,652
-9%
$36,366
-5%
2018
$8,381
2%
$38,276
—
2017
$8,210
5%
$38,276
—
2016
$7,814
20%
$38,276
30%
2015
$6,501
-7%
$29,425
-8%
2014
$6,987
4%
$31,978
—
2013
$6,689
-3%
$31,978
-8%
2012
$6,886
—
$34,793
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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331-333 E Lincoln Avenue, Barrington, IL 60010 (MLS# 12714708) is a Multi-Family property with 2 units containing 6 bedrooms and 0 full bathrooms. 331-333 E Lincoln Avenue is currently listed for $399,000 and was received on July 27, 2026. This property is listed by Rob Morrison from our Northwest Office.Want to learn more about 331-333 E Lincoln Avenue? Do you have questions about finding other Multi-Family real estate for sale in Barrington? You can browse all Barrington real estate or contact a Coldwell Banker agent to request more information.

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