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Residential Income Duplex

386 East Chicago Street Elgin, IL 60120

386 East Chicago Street, Elgin, IL, 60120
$499,900
For Sale
$499,900

Two-level residence includes a rented upper unit and a full finished basement with additional living and work space.

Days on Market13

Property Features for 386 East Chicago Street

General Information

Standard status
Active
Property subtype
Two to Four Units / 2 Flat

Building Details

Year Built
1900
Listing agency RE/MAX Plaza
Listed by Robert Wisdom · License #78130-94
Source Compass
Added: Jul 9 Updated: Jul 21 at 4:34AM Checked: Jul 21 at 4:34AM

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 Plaza


Investment Insights

Based on property information with market context.

This historical residential income property features a main home with a grand foyer/parlor, a separate living room, and a separate dining room with exposed wood beams. The updated kitchen includes oak cabinetry, recessed lighting, and wood laminate flooring, and there is also a back covered enclosed porch with separate air/heating and vaulted ceilings. The layout includes a large master bedroom with a private fireplace and walk-in closet, plus a full finished basement with a rec room, den, workshop area, and added laundry.

A rare back-to-back configuration provides two full baths, one with a whirlpool tub and the other with a walk-in shower. The upper-level unit is currently rented and includes a spacious living room with a cozy gas log fireplace, vaulted ceilings, and a French door to a private balcony, along with an updated kitchen with oak cabinetry and tile flooring and in-unit laundry.

A detached 2-1/2 car garage includes an attached heated office suitable for an in-home business or work area. The property is located just blocks to downtown Elgin and is offered as part of an estate sale, sold as-is.

Key Highlights

  • Upper‑level unit is currently rented for $925.00/mo (in‑unit laundry, gas log fireplace, vaulted ceilings, French door to private balcony).
  • Home built in 1900 with a deep level lot and mature trees.
  • Full finished basement includes a rec room, den, workshop area, and added laundry.

Property Analytics

Location Intelligence

Current Use by Public Records

Advanced Engineering & Surveying Land Surveyor

Suggested Use

Electrical Service (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Discount Store Home Appliance Store (Bike/Boat/Book/etc) Store Skin Care Clinic Pet Grooming Service Veterinary Clinic Storage Facility

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

FAQs

What type of property is this?
Duplex - Two-level residence includes a rented upper unit and a full finished basement with additional living and work space.
Where is this duplex located?
The property is located at 386 East Chicago Street Elgin, IL.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Upper‑level unit is currently rented for $925.00/mo (in‑unit laundry, gas log fireplace, vaulted ceilings, French door to private balcony).; Home built in 1900 with a deep level lot and mature trees.; Full finished basement includes a rec room, den, workshop area, and added laundry.
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