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    458 Morgan St Elgin, IL 60123

    Under Contract
    For Sale
    $329,500

    Residential Income - Elgin, IL

    Days on Market:
    31
    Last Refresh:
    Dec 5 at 5:06 am

    Property Features for 458 Morgan St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3
    Bedrooms
    3
    APN
    0623256011
    Parking
    2

    Utilities

    Heating system
    Radiant

    Building Details

    Roof type
    Asphalt
    Architectural style
    Other

    HomeSmart Connect Real Estate (847) 495-5000 [email protected]

    Listing agent Ana Morado (847) 495-5000 License #475186397

    Listing date Nov 5, 2025

    MLS# 12493877 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

    Elgin Income Property Opportunity

    This residential income property in Elgin, Illinois, presents an investment opportunity. The property features two units. Unit 1 includes two bedrooms, a living room, a separate dining room, a spacious kitchen, and a laundry unit, along with a walk-in mud room and screened porch. The second unit offers a spacious kitchen with an eating area, one bedroom, and a spacious living room that could be converted into a second bedroom, plus a full bath. The property is well-maintained. A clean and partially finished walkout basement includes one extra room. Each unit has separate water, gas, and electric meters. The property benefits from new copper plumbing and an updated electrical system (2025). Two new water heaters are planned for 2025. A newer oversize two-car garage is present, along with newer siding and windows. Situated on a corner lot, the property offers driveway and street parking for tenants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elgin
    County
    Cook
    State
    Illinois
    Longitude
    -88.2897567
    Latitude
    42.0244024

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    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex in Elgin, perfect for investors or owner-occupants.
    Where is this duplex located?
    The property is located at 458 Morgan St Elgin, IL.
    What is the asking price?
    The asking price for this property is $329,500.
    What are key features of this property?
    This property features: - Separate water, gas, and electric meters for each unit, ideal for rental income.; - Two units: one with 2 bedrooms, the other with 1 bedroom (convertible to 2), offering flexibility for owner-occupancy and rental.; - **Newer oversize 2 car garage, providing ample parking and storage.**
    (847) 495-5000
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    458 Morgan St 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
    458 Morgan St Elgin, IL 60123
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