Closed

$395,000

624 South Street, Elgin, IL 60123
4 Beds2 Baths9 days
624 South Street·Elgin, IL 60123
4Bedrooms
2Bathrooms
1900Year Built
About This Home

Investor's Dream or Perfect Live/Work Setup! This is the investment opportunity you've been waiting for! Two Spacious 2 bedroom Units - Live in one and rent the other, or rent both for excellent income potential. Fully Functional Garage Building - Located at the rear of the lot and equipped with electric, gas, and water lines (gas & water currently capped off). Features three overhead doors with space to add a fourth, a main-floor office/storage room, and an 800 sq. ft. unfinished upper level-ideal for a workshop, studio, or additional storage.The seller just completed a total tear-off roof replacement (October 2025) and has priced it to sell. Whether you're an investor, owner-occupant, or contractor, this property delivers unmatched flexibility and value. Property Highlights: Updated Mechanical Systems - Both units feature 1.5-year-old GFA furnaces and central air conditioning for comfort and efficiency. Energy Efficient - Triple insulation in all exterior walls and nearly all newer thermo-type windows help reduce utility costs. Shared Basement Access - A central staircase leads to a clean, shared basement with hookups for two sets of washers and dryers. Low Owner Expenses - Owner pays water/sewer; tenants pay gas and electric. Why You'll Love It: Zoned and set up for success, this property offers endless income potential with minimal overhead. Whether you're looking to expand your investment portfolio, generate steady cash flow, or create the ideal live/work environment, this property checks all the boxes. Don't miss this opportunity-schedule your showing today!

MLS# 12504264Listed October 26, 2025Residential IncomeQueen AnneSubdivision: Jc and Wh Kimballs
Property Details

Beds & Baths

Total Bedrooms4
Total Bathrooms2
Total Rooms10

Size & Structure

Garage Spaces4
Year Built1900
Lot Size0.420 acres

Location

CountyKane
TownshipElgin
SubdivisionJc and Wh Kimballs
Zip Code60123

Financial

List Price$395,000
Annual Taxes (2024)$7,871
Monthly Tax Est.$656
Parcel #0614378021
Interior Features

Heating

Natural GasForced Air

Basement

UnfinishedStone/RockStorage SpaceWalk-Up AccessFullWalk-Out Access
Exterior & Lot

Construction

Aluminum Siding

Roof

Asphalt

Foundation

Other

Patio & Porch

Porch

Lot Features

LandscapedLevel
Utilities & Parking

Sewer

Public SewerStorm Sewer

Water Source

Public

Parking

Garage Door OpenerYesGarage OwnedDetachedGarage
HOA & Community

Community Features

SidewalksStreet LightsStreet Paved
Schools
Elementary
Washington Elementary School
District: 46
Middle School
Kimball Middle School
District: 46
High School
Larkin High School
District: 46
Tax & Financial
Annual Taxes
$7,871
Tax Year 2024
Monthly Tax Est.
$656
per month
Property Location

624 South Street, Elgin, IL 60123 — Kane County

$395,000
624 South Street
4 bd2 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
9 days on market
4-car garage
0.420 acres
$7,871/yr taxes
$2,732
estimated monthly payment
Principal & Interest
$2,076/mo
Property Tax
$656/mo
$395,000
20% — $79,000
3%50%
6.875%
3%12%
Loan Amount
$316,000
Down Payment
$79,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Inspire Realty Group LLC
Agent: Christopher Davis
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