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$449,900
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Property Description
Now is your opportunity to own one of Elgin's finest historic homes! Located just blocks from downtown Elgin, this grand residence offers timeless character, generous living space and exceptional flexibility for modern living. This is not your typical duplex-it is a distinguished historic home with a separate upper-level apartment, making it an excellent opportunity for a primary residence with space for multigenerational living, guests or rental income. Set on a deep, level lot with mature trees, this beautiful home welcomes you with a huge covered front porch, perfect for relaxing on summer evenings. Step inside to a grand foyer/parlor showcasing beautiful custom millwork, a large separate living room with crown and oversized moldings, and a formal dining room with exposed wood beams and a butler's swinging door leading to the updated kitchen. The kitchen features oak cabinetry, extra recessed lighting and wood laminate flooring. A back covered, enclosed porch with separate heating and air conditioning and vaulted ceilings provides a wonderful space for summer gatherings. The main residence offers a huge primary bedroom with a private fireplace and walk-in closet, graciously sized secondary bedrooms and a rare back-to-back arrangement of two full bathrooms-one with a whirlpool tub and the other with a walk-in shower. The full finished basement adds even more living and hobby space, including a recreation room, den, workshop area and additional laundry. The separate upper-level apartment is a tremendous bonus and a key part of this property's versatility. Currently rented for $925 per month, it features a spacious living room with a cozy gas-log fireplace, vaulted ceilings and a French door leading to a private balcony. A separate dining area with built-in hutch, updated kitchen with oak cabinetry and tile flooring, spacious bedroom with secondary exit for added safety and in-unit laundry make this a comfortable and functional living space. Whether used for family members, extended-stay guests, or a tenant, this apartment offers flexibility rarely found in a traditional single-family home. The main home is loaded with charm and character, while the unique detached 2 1/2-car garage with attached heated office provides an excellent space for an in-home business, studio, or work area. All of this is situated just blocks from downtown Elgin, with its beautiful library, recreation center, Hemmens Auditorium and much more. Nothing else even close on the market like this! Tremendous space, historic character and flexibility for the value. A truly special opportunity to own a grand historic home that can adapt to the way you live-whether that means enjoying it as your primary residence, sharing it with family, welcoming guests or taking advantage of rental income from the separate apartment. This is an estate sale being sold as is!
Full Property Details
Full Property Details for 386 E Chicago St
General
- Price: $449,900
- Taxes: $6,263 (2025)
- Status: Active
- Type: Multi-Family
- Source: MRED
- MLS ID: 12751974
Interior
- Basement: Finished, F
Rooms
Bathrooms
- Total Bathrooms: 4
- Upper - Full Baths: 3
Bedrooms
- Total Bedrooms: 5
Additional Information
- Other Features: School Bus Service
Parking
- Garage: Yes
- Garage Spaces: 2.5
- Total Spaces: 2
- Parking Features: Garage Door Opener, Yes, Garage Owned, Detached, Garage
Location
- Area: Elgin
- County: Kane
- Township: Elgin
- Driving Directions: Rt 25 2 Chicago St W2 Home
School Information
- School District: 46
- Elem School District: 46
- Midd School District: 46
- High School District: 46
Heating & Cooling
- Heating Type: Natural Gas, Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Cedar
- Exterior Const.: Cedar
- Basement: Yes
- Basement Desc.: Finished, Full
- Year Built: 1900
- Built Before 1978: Yes
Unit Information
- Units in Building: 2
Lot Features
- Lot Size (Acres): 0.33
- Lot Size Range: .25 to .49 Acre
- Lot Dimensions: 55 x 262
Financial Considerations
- Parking Included: Yes
- Assessment Year: 1900
- Tax Amount: $6,263.48
- Tax Year: 2025
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 613182018
Listed by RE/MAX Horizon
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Schools
Schools serving 386 E Chicago St
School District:School District U-46
| Name | Grades | Distance |
|---|---|---|
Channing Memorial Elementary School 63 South Channing Street, Elgin, IL 60120 | K-6 | 0.2 mi |
Ellis Middle School 225 South Liberty Street, Elgin, IL 60120 | 7-8 | 0.6 mi |
Elgin High School 1200 Maroon Drive, Elgin, IL 60120 | 9-12 | 1.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Tax History
Tax History for 386 E Chicago St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,263
—
$98,100
9%
2025
$6,263
12%
$90,357
11%
2023
$5,595
11%
$81,631
18%
2022
$5,035
5%
$69,071
7%
2021
$4,780
—
$64,577
5%
2021
$4,780
7%
$61,649
5%
2019
$4,457
2%
$58,725
6%
2018
$4,382
3%
$55,323
6%
2017
$4,248
6%
$52,300
18%
2016
$4,002
—
$44,474
-8%
2016
$4,002
-3%
$48,521
10%
2014
$4,135
19%
$43,925
-3%
2013
$3,472
—
$45,083
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 386 E Chicago St
386 E Chicago Street, Elgin, IL 60120 (MLS# 12751974) is a Multi-Family property with 2 units containing 5 bedrooms and 0 full bathrooms. 386 E Chicago Street is currently listed for $449,900 and was received on September 04, 2026. Want to learn more about 386 E Chicago Street? Do you have questions about finding other Multi-Family real estate for sale in Elgin? You can browse all Elgin real estate or contact a Coldwell Banker agent to request more information.

