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$509,900 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 6 Total Beds
  • 2 Car Garage
  • Updated 10 hours ago
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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!

Full Property Details for 408 E Chicago St

General

  • Price: $509,900
  • Taxes: $9,156 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12598511
  • Updated: 3/23/2026
  • Added to Site: 1 day(s) ago

Rental Information

  • Complex Features: Sidewalks, Street Lights, Street Paved

Interior

  • Basement: Unfinished

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Upper - Full Baths: 4

Bedrooms

  • Total Bedrooms: 6

Additional Information

  • Equipment: Water Heater-Gas
  • Other Features: School Bus Service, Commuter Bus, Commuter Train, Historical District

Exterior

  • Exterior Features: Balcony, Roof Deck

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Total Spaces: 8
  • Parking Features: Yes, Garage Owned, Detached, Unassigned, Off-Alley, Driveway, Alley Access, Owned, Garage

Location

  • Area: Elgin
  • County: Kane
  • Township: Elgin
  • Driving Directions: Chicago St. (Rt.19) west of Liberty(Rt.25)

School Information

  • School District: 46
  • Elem School District: 46
  • Midd School District: 46
  • High School District: 46
  • Elementary School: Channing Memorial Elementary Sch
  • Middle School: Ellis Middle School
  • High School: Elgin High School
  • Private School: Elgin High School

Heating & Cooling

  • Heating Type: Natural Gas, Steam, Radiator(s)

Utilities

  • Sewer: Public Sewer, Storm Sewer
  • Water: Public

Structural Information

  • Architectural Info: American 4-Sq.
  • Architectural Style: American Foursquare
  • Construction: Stucco
  • Exterior Const.: Stucco
  • Basement: Yes
  • Basement Desc.: Unfinished, Exterior Entry, Full
  • Foundation: Block, Stone
  • Roof: Asphalt
  • Windows: Screens
  • Year Built: 1920
  • Built Before 1978: Yes

Unit Information

  • Units in Building: 4

Lot Features

  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 63 x 143 x 65 x 144
  • Zoning: MULTI

Green Features

  • Energy Efficient: Low flow commode, Low flow fixtures

Financial Considerations

  • Parking Included: Yes
  • Assessment Year: 1920
  • Tax Amount: $9,156.68
  • Tax Year: 2024
  • Pays Sewer: Public Sewer, Storm Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 613183014

Listed by Realty of America, LLC

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— 408 E Chicago St —

  • Realty of America, LLC

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Schools serving 408 E Chicago St

School District:School District U-46
NameGradesDistance
Channing Memorial Elementary School
63 South Channing Street, Elgin, IL 60120
K-60.2 mi
Ellis Middle School
225 South Liberty Street, Elgin, IL 60120
7-80.5 mi
Elgin High School
1200 Maroon Drive, Elgin, IL 60120
9-121.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 408 E Chicago St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/23/2026
Listed
$509,900
30.74%
MLS
6/26/2023
Sold
$390,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 408 E Chicago St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$9,157
4%
$114,418
11%
2023
$8,812
17%
$103,368
19%
2022
$7,533
4%
$86,875
7%
2021
$7,246
—
$81,222
5%
2021
$7,246
5%
$77,539
5%
2019
$6,898
—
$73,860
6%
2018
$6,879
2%
$69,581
6%
2017
$6,766
4%
$65,779
8%
2016
$6,508
—
$61,025
9%
2015
$6,486
-7%
$55,935
1%
2014
$6,938
20%
$55,245
-3%
2013
$5,776
—
$56,703
—
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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408 E Chicago Street, Elgin, IL 60120 (MLS# 12598511) is a Multi-Family property with 4 units containing 6 bedrooms and 0 full bathrooms. 408 E Chicago Street is currently listed for $509,900 and was received on March 23, 2026. Want to learn more about 408 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.

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