Mixed-Use Live-Work
435 Washington Street Elgin, IL 60123
435 Washington Street, Elgin, IL, 60123
$279,000
For Sale
$279,000
COMMERCIAL - Elgin, IL
Lot Size0.44 Acres
Days on Market48
Property Features for 435 Washington Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 0614257013
- Lot size
- 0.44 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3154
Utilities
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1925
- Floors in Building
- 1
- Number of units
- 2
Listing Agency
Charles Rutenberg Realty of IL
(630) 929-1100
3135 Book Road, Naperville, IL
Listed by
Joe Gawley · License #475144756
(630) 929-1100
Added: Jun 4 Updated: Jun 11 at 4:08 pm Checked: Jul 21 at 5:06 am
MLS# 12669192
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Investment Insights
Based on property information with market context.
This mixed-use property combines a leased 2-bedroom, 2-bath home with a separate brick commercial building, all under flexible RB (Residence/Business) zoning. The residential unit is described as well-maintained and updated, and it is currently leased. The commercial building includes a spacious main-level room, a basement that can support storage or expanded functionality, and a convenient half bath. The commercial space is currently vacant, giving an owner-occupant or incoming tenant the ability to tailor the space to their needs.
The property is located in Elgin, Illinois, with the residential address listed as 435 Washington Street. The separate commercial structure is identified at 530 W. Highland Ave. The offering is designed for flexibility by tying the home and business components together within the same ownership structure.
For buyers or owner-users, the RB zoning supports residential use, business use, or a combination of both, which can be helpful for a live-work setup or an operator looking to be close to where they live. If you are planning to occupy the commercial building, the vacant condition can reduce time spent coordinating with an existing tenant. For investors, the current lease in the residential portion provides immediate rental income while the commercial component offers a separate opportunity for customization or new tenancy.
The property is located in Elgin, Illinois, with the residential address listed as 435 Washington Street. The separate commercial structure is identified at 530 W. Highland Ave. The offering is designed for flexibility by tying the home and business components together within the same ownership structure.
For buyers or owner-users, the RB zoning supports residential use, business use, or a combination of both, which can be helpful for a live-work setup or an operator looking to be close to where they live. If you are planning to occupy the commercial building, the vacant condition can reduce time spent coordinating with an existing tenant. For investors, the current lease in the residential portion provides immediate rental income while the commercial component offers a separate opportunity for customization or new tenancy.
Key Highlights
- Mixed‑use property with residential and commercial components under RB (Residence/Business) zoning for residential, business, or a combination
- Updated 2‑bed, 2‑bath residence leased for $1,900/month, providing immediate rental income
- Separate brick commercial building at 530 W. Highland Ave with a spacious main‑level room and a basement for storage or expansion
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Village Investment Club
Financial Advisor
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Residential income and a separate vacant commercial building offer RB-zoned flexibility for owner-users or investors.
Where is this live-work space located?
The property is located at 435 Washington Street Elgin, IL.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: Mixed‑use property with residential and commercial components under RB (Residence/Business) zoning for residential, business, or a combination; Updated 2‑bed, 2‑bath residence leased for $1,900/month, providing immediate rental income; Separate brick commercial building at 530 W. Highland Ave with a spacious main‑level room and a basement for storage or expansion
