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$ 279,000
Est. payment /mo
Active
435 Washington ST Elgin, IL 60123
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12669192
Year Built 1925
Annual Tax Amount $3,154
Tax Year 2025
Lot Dimensions 164.70X103X115
Property Sub-Type Mixed Use
Property Description
Exceptional opportunity to own a versatile mixed-use property featuring both residential and commercial components under flexible RB (Residence/Business) zoning, allowing for residential use, business use, or a combination of both. The residential portion consists of a well-maintained and updated 2-bedroom, 2-bath home currently leased at $1,900 per month, providing immediate rental income. Also included is a separate brick commercial building located at 530 W. Highland Ave., presenting excellent potential for an owner-occupant business, office, studio, retail space, or additional income-producing use. The building features a spacious main-level room, a basement for storage or expanded functionality, and a convenient half bath. The commercial space is currently vacant, creating an opportunity to customize for your needs or secure a new tenant. Whether you're an investor seeking diversified income streams, an entrepreneur looking to operate a business steps from home, or a buyer exploring redevelopment and value-add possibilities, this property offers flexibility, visibility, and long-term potential.
Location
State IL
County Kane
Area Elgin
Interior
Cooling Window Unit(s)
Fireplace N
Building
Dwelling Type Mixed Use
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Listed by Joe Gawley of Charles Rutenberg Realty of IL
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