462 Ashland Avenue, Elgin, IL 60123

Elgin
Local realty services provided by:Better Homes and Gardens Real Estate Star Homes
462 Ashland Avenue,Elgin, IL 60123
$310,000
  • 5 Beds
  • 2 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: kelly stetler, christina corso
Office: compass
MLS#:12583713
Source:MLSNI

Price summary

  • Price:$310,000

About this home

This well-maintained 2-unit investment property offers stable rental income and numerous recent upgrades, making it an excellent opportunity for investors or owner-occupants. Ideally situated on a quiet, charming street, the property is just minutes from the Metra train, Grolich Park, Forest Preserve, I-90, US-20, I-390, shopping, and dining, providing convenience and strong rental appeal. The property is fully rented with reliable tenants, currently generating $3,050 per month in rental income. The lower unit features 3 bedrooms and 1 bath and rents for $1,675/month, while the upper unit offers 2 bedrooms and 1 bath and rents for $1,375/month. This property has been consistently maintained with numerous updates over the past 10 years, including a new driveway, exterior doors, carpeting, and countertops. More recent improvements include new windows, water heater, washer, and added attic insulation. The electrical system has been upgraded with three new 100-amp services, and all

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Home facts

  • Year built:1895
  • Listing ID #:12583713
  • Added:1 day(s) ago
  • Updated:March 07, 2026 at 11:50 AM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:2
  • Full bathrooms:2
  • Rooms Total:9
  • Basement:Yes
  • Basement Description:Partial, Unfinished

Heating and cooling

  • Heating:Baseboard, Electric, Zoned

Structure and exterior

  • Roof:Asphalt
  • Year built:1895
  • Architectural Style:Farmhouse
  • Foundation Description:Concrete Perimeter

Schools

  • High school:Larkin High School

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$310,000
  • Tax amount:$6,268 (2024)

Features and amenities

  • Amenities:CO Detectors, Ceiling Fan(s), Multiple Water Heaters, TV-Cable
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