# 435 Washington Street, Elgin, IL 60123

> **TL;DR:** commercial, $279,000, built 1925.
> A/C. Est. $1,209/mo. Listed 2 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $279,000 |
| Year Built | 1925 |
| Lot Size | 19,140 sqft (0.44 acres) |
| Stories | 1 |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 2 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,209 |
| **Total** | **$1,209** |

## Key Amenities

- A/C

## Property Highlights

- Built in 1925
- 0.44 acre lot

## Description

### 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.

## Location

- **Address:** 435 Washington Street, Elgin, IL 60123
- **County:** Kane

## Listing Agent

- **Name:** Joe Gawley
- **Brokerage:** Charles Rutenberg Realty of IL
- **Phone:** (630) 929-1100
- **Email:** jgawley@gawleyre.com

## Primary Photo

![435 Washington Street - Primary Photo](http://lh.rdcpix.com/9ad13b1ddfe73b671665aa0755f04cefl-f1855503721r.jpg)

*4 total photos available on [listing page](https://www.propertysimple.com/listing/435-washington-street-elgin-il-60123-12669192)*

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**MLS#:** 12669192 | **Updated:** 2026-06-17
**Source:** listhub

*Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/435-washington-street-elgin-il-60123-12669192)

---

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