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    518 St South Elgin, IL 60123

    New
    For Sale
    $448,900

    Residential Income - Elgin, IL

    Lot size:
    0.33 Acres
    Days on Market:
    1
    Last Refresh:
    Dec 10 at 10:06 pm

    Property Features for 518 St South

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    5
    APN
    0614379013
    Parking
    4
    Lot size
    0.33 Acres

    Utilities

    Heating system
    Other (Heating)

    Building Details

    Year built
    1930
    Roof type
    Asphalt
    Architectural style
    Other

    Century 21 New Heritage (847) 683-2000 [email protected]

    Listing agent Valentino Ranallo (847) 683-2000 License #475184004

    Listing date Dec 10, 2025

    MLS# 12530236 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 Multi-Family Investment Opportunity

    This three-unit multi-family property in Elgin, Illinois, offers an opportunity for owner-occupied living or tenant selection. The solid brick exterior building contains 3,460 square feet of living space. One unit is currently vacant, presenting a value-add potential with below-market rent. The units are spacious. Ample parking is available on the property's 0.33-acre lot. The property features an expansive attic with abundant storage, as well as coin-operated laundry in the basement. The property is located close to downtown Elgin, the Metra, and Route 20. The property has been professionally maintained and managed.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    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
    -88.3691
    Latitude
    42.0339

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    FAQs

    What type of property is this?
    Triplex - Three-unit property near downtown Elgin with value-add potential.
    Where is this triplex located?
    The property is located at 518 St South Elgin, IL.
    What is the asking price?
    The asking price for this property is $448,900.
    What are key features of this property?
    This property features: - Prime location close to downtown Elgin, Metra, and Route 20.; - One vacant unit offers flexibility for owner-occupancy or tenant selection.; - Solid brick exterior and professionally maintained building.
    (847) 683-2000
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    518 St South 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
    518 St South Elgin, IL 60123
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