656 South Street, Elgin, IL 60123
Local realty services provided by:Better Homes and Gardens Real Estate Connections
656 South Street,Elgin, IL 60123
$475,000
- 6 Beds
- 3 Baths
- - sq. ft.
- Multi-family
- Active
Upcoming open houses
- Sun, Nov 0111:00 am - 01:00 pm
Listed by: amy wu
Office: keller williams success realty
MLS#:12794475
Source:MLSNI
Price summary
- Price:$475,000
About this home
A rare opportunity to own a piece of Elgin's architectural history! Built in 1883, this distinctive Queen Anne Victorian combines timeless charm with the income potential of a legally configured 3-unit property. Well-maintained and thoughtfully laid out, it boasts three separate living spaces: Unit 1 on the main level includes 2 bedrooms, 1 bathroom and is rented month-to-month, and private access to the basement; Unit 2 on the second floor offers 3 bedrooms and 1 bathroom; and Unit 3 on the main level features 1 bedroom and 1 bathroom. The full, unfinished basement provides shared coin-operated laundry, dedicated storage closets for each unit, and convenient exterior access. Eight exterior parking spaces on an oversized parking lot in the rear and a storage shed add to the property's functionality. Ideal for investors looking to expand their portfolios or owner-occupants seeking to offset housing expenses through rental income, all three units are currently occupied by responsible tenants paying below-market rents, presenting potential for future income growth. With established tenancy, a carefully maintained building, and flexible ownership possibilities, this Victorian gem offers a compelling opportunity in Elgin. Enjoy convenient access to Downtown Elgin, public transportation, Metra commuter rail, the Fox River, neighborhood parks, local shopping and dining, and more!...
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Home facts
- Year built:1883
- Listing ID #:12794475
- Updated:October 29, 2026 at 07:48 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:3
- Full bathrooms:3
- Rooms Total:17
- Basement Description:Full, Unfinished
Heating and cooling
- Heating:Forced Air, Gas
Structure and exterior
- Year built:1883
- Lot area:0.35 Acres
- Architectural Style:Queen Anne, Victorian
Schools
- High school:Larkin High School
- Middle school:Kimball Middle School
- Elementary school:Highland Elementary School
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$475,000
- Tax amount:$7,346 (2025)
Features and amenities
- Amenities:CO Detectors, Ceiling Fan(s), Radon Mitigation System
Parking
- Total parking spaces:8
- Parking description:Driveway, Parking Lot
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