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About This Home

This 0-bedroom, 0-bathroom commercial at 435 Washington Street in Elgin, IL is listed for $279,000. Built in 1925, on a 0.44 acres lot.

Agent 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.

Key Features

  • Built in 1925
  • 0.44 acre lot

Property Details

1 story
1925

Amenities

A/C

Monthly Cost Estimate

$1,492/mo

20% down · 6.5% · 30 years

Principal$202
Interest$1,209
Insurance$81

Estimates only. Actual payments may vary.

Location

435 Washington Street

Elgin, IL 60123

Property Details

Cooling

Window Unit(s)

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 435 Washington Street is listed at $279,000. The estimated monthly payment is $1,209 based on 20% down at 6.5% interest.

Key features include: Built in 1925, 0.44 acre lot.

This property is listed by Joe Gawley and can be reached at (630) 929-1100 or jgawley@gawleyre.com.

JG

Joe Gawley

Agent at Charles Rutenberg Realty of IL

(630) 929-1100

Listed by Charles Rutenberg Realty of IL

MLS# 12669192· Source: listhub· Updated 2 days ago

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435 Washington Street, Elgin, IL 60123

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