656 South Street Elgin, IL 60123
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 is rented month-to-month; 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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Listing Office: Keller Williams Success Realty
Listing Office Phone: 847-381-9500
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Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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