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    Property profile & analytics

    292 Villa St Elgin, IL 60120

    • Commercial real estate
    • 5,211 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US28-5599689
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 292 Villa St

    Year built
    1900
    Lot size
    0.11 lot acres
    Property size
    5,211 SF
    Property type
    Commercial real estate

    Description

    This exceptional six-unit multifamily property at 292 Villa Street in Elgin, Illinois, presents a compelling investment opportunity. Boasting a substantial 5,211 square feet on a 0.11-acre lot, this historic building underwent significant exterior renovations in 2024, including a brand-new roof. The property also features a newly paved parking lot completed in 2022, supplemented by additional off-street parking. Each of the six units has been thoughtfully updated, showcasing newer flooring, modern tile bathrooms, and kitchens equipped with updated cabinetry, countertops, and appliances. Individual heating units and hot water heaters are installed in each unit, with tenants responsible for gas and electric utilities. A comprehensive electrical system upgrade has been completed. The attic is fully insulated for optimal energy efficiency. Convenient front and rear entrances serve each unit, and shared front porches are available on each level. A full basement provides ample space for utilities, with potential for future laundry and storage rooms. The property's prime location offers exceptional walkability to downtown Elgin, the commuter train station, a casino, diverse dining options, and shopping centers. Currently, rents are below market value, presenting significant potential for increased revenue given the high demand in this desirable area. This property is a rare find, combining historic charm with modern updates and a strategic location. The asking price is $739,900.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Elgin
    County
    Kane
    State
    Illinois
    Longitude
    -88.27414
    Latitude
    42.03193

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    292 Villa St
    Elgin, IL 60120
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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
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