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    330 W Highland Ave Elgin, IL 60123

    Under Contract
    For Sale
    $425,000

    Residential Income, American 4-sq. - Elgin, IL

    Lot size:
    0.25 Acres
    Days on Market:
    56
    Last Refresh:
    Dec 5 at 4:06 am

    Property Features for 330 W Highland Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    MULTI
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    APN
    0614402007
    Parking
    12
    Lot size
    0.25 Acres

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1920
    Architectural style
    Other

    Inspire Realty Group (847) 489-3476 [email protected]

    Listing agent Christopher Davis (847) 489-3476 License #471020520

    Listing date Oct 11, 2025

    MLS# 12485834 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey 3-Unit Property with Garage

    This updated 3-unit income property features two 1-bedroom, 1-bath units and one 2-bedroom, 1-bath unit, plus a 6-car garage for additional rental income. The property is located in Elgin, IL, and sits on a 0.25-acre lot. Recent improvements include a new roof and siding, updated bathrooms, flooring, kitchen cabinets, updated electrical and plumbing, and newer windows. Each unit has separate electric and gas meters, along with individual furnaces and water heaters. The property is zoned MULTI. It is located just minutes from the Metra station, Grand Victoria Casino, Elgin Community College, public library, and a variety of restaurants and shops. The property is intended for use as a residential income property. The 6-car garage provides potential for additional rental income.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Map

    City
    Elgin
    County
    Cook
    State
    Illinois
    Longitude
    -88.3691
    Latitude
    42.0339

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    FAQs

    What type of property is this?
    Triplex - Updated 3-unit property with 6-car garage in prime Elgin location.
    Where is this triplex located?
    The property is located at 330 W Highland Ave Elgin, IL.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: - Turnkey 3-unit income property with a 6-car garage, offering immediate cash flow potential.; - High income potential: Estimated $4,490 monthly income, including $750 from garage rental.; - Fully updated with new roof, siding, bathrooms, flooring, kitchen cabinets, updated electrical and plumbing, and newer windows.
    (847) 489-3476
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    330 W Highland Ave Elgin, IL 60123
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    Elgin, IL 60123
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    330 W Highland Ave Elgin, IL 60123
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