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Historic Duplex with Upper-Level Apartment
For Sale
$399,900

386 E Chicago Street, Elgin, IL 60120

A separate apartment, finished basement, and heated office provide multiple areas for living and work.

Property SizeContact for details
Days on Market9

Property Features for 386 E Chicago Street

General Information

Standard status Active
Total Parking Spaces 2
Property subtype Residential Income

Additional Details

Multifamily Units 2
Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $6,263

Building Details

Year Built 1900
Listing Agency: RE/MAX Horizon
Listed By: Robert Wisdom · License #475122882
Source: Carriagerealestate
Added: Oct 16 Changed: Oct 23 Last Checked: Oct 23 at 5:16PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Horizon

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Investment Insights

Based on property information with market context.

Built in 1900, this Elgin duplex pairs a main residence with a separate apartment on the upper level. The main home includes a foyer, living room, formal dining room, updated kitchen, several bedrooms, two full bathrooms, and a finished basement with recreation, den, workshop, and laundry areas. Covered porches add indoor-outdoor space, while the primary bedroom has a fireplace and walk-in closet. The upper apartment has a living room with a gas-log fireplace, dining area, kitchen, bedroom, private balcony, and in-unit laundry; it is currently rented, with rental income excluded from this description.

A detached 2 1/2-car garage has an attached heated office. The property is at 386 E Chicago Street, a few blocks from downtown Elgin. It is being sold as an estate sale in as-is condition.

Key Highlights

  • Built in 1900
  • Separate upper‑level apartment with private balcony and in‑unit laundry
  • Finished basement includes recreation room, den, workshop area, and additional laundry

Property Analytics

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Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,576
Businesses Nearby

Demographics for 60120, IL

50,799
Population
17,112
Households
3
Avg Household Size
35
Median Age
19%
College-Educated
74%
High-School Grad
17.4 sq mi
ZIP Area
2,919
Density / Sq Mi
$80,305
Median Household Income
$37,495
Median Earnings
$1,250
Median Rent
$227,000
Median Home Value
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Duplex - A separate apartment, finished basement, and heated office provide multiple areas for living and work.
Where is this duplex located?
The property is located at 386 E Chicago Street Elgin, IL.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Built in 1900; Separate upper‑level apartment with private balcony and in‑unit laundry; Finished basement includes recreation room, den, workshop area, and additional laundry
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