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$ 224,900
Est. payment /mo
New
566 Raymond ST Elgin, IL 60120
5 Beds
3 Baths
0.25 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12393215
Bedrooms 5
Year Built 1900
Annual Tax Amount $4,292
Tax Year 2024
Lot Size 10,890 Sqft
Lot Dimensions 81 X 132
Property Sub-Type Two to Four Units
Property Description
Charming Two-Unit with Excellent Income Potential! This character-filled property offers the perfect blend of classic charm, flexible living space, and strong investment opportunities. The first-floor unit features a spacious 3 to 4-bedroom layout with a walkout basement. Ideal for future finishing or extended living. The upstairs 1-bedroom unit offers excellent natural light and the possibility to reconfigure for even higher rental income. Situated on a wide lot, the property features a 1.5-car garage, an expansive brick patio, and a deep, private yard, offering outdoor comfort and ample room to expand. With rents rising in the area, this is an excellent opportunity for an owner-occupant or investor seeking substantial passive income. Perfect for a handyman buyer with a vision, this home has great bones and needs the right touch-ups and cosmetic updates to unlock its full value. Whether you're looking to maximize cash flow, renovate and build equity, or live in one unit while renting out the other, this property offers significant potential for growth. Unique charm, usable space, and endless possibilities- bring your architectural ideas and make the most of this rare opportunity! *See attached floor plan*
Location
State IL
County Kane
Area Elgin
Rooms
Basement Finished, Rec/Family Area, Full, Walk-Out Access
Interior
Heating Natural Gas
Fireplace N
Exterior
Garage Spaces 1.0
Roof Type Asphalt
Building
Lot Description Corner Lot
Dwelling Type Two to Four Units
Building Description Other, No
Sewer Public Sewer
Water Public
Structure Type Other
New Construction false
Schools
School District 46 , 46, 46
Others
Ownership Fee Simple
Special Listing Condition None
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Esther Zamudio • Zamudio Realty Group
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