292 Villa St

Elgin, IL 60120

$615,000
Last Sold Price
12
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 8/8/25
Closed 8/8/25
a front view of a house with a yard

Description

292 Villa Street is a rare gem in the heart of Elgin's Historic District-offering both character and cash flow. In 2024, the building underwent a full facade restoration under the direction of a historical preservation expert, ensuring long-term curb appeal. In addition to the facade, the asphalt portion of the roof has been recently replaced. This fully occupied 6-unit building provides immediate income and built-in upside. Three of the six leases are set to expire within the next 18 months, creating...292 Villa Street is a rare gem in the heart of Elgin's Historic District-offering both character and cash flow. In 2024, the building underwent a full facade restoration under the direction of a historical preservation expert, ensuring long-term curb appeal. In addition to the facade, the asphalt portion of the roof has been recently replaced. This fully occupied 6-unit building provides immediate income and built-in upside. Three of the six leases are set to expire within the next 18 months, creating a near-term opportunity to raise rents to market rates. Projected rental income has the potential to reach $91,200 by 2027, with rents increasing alongside the market. Each unit includes an assigned off-street parking space in the resurfaced and re-striped lot. 4 new water heaters have been installed this past year, along with new stoves and a refrigerator for select units. In addition to that, the front porch was recently replaced in 2023 to meet historic standards. Tenants pay their own gas and electric, and there is an additional shared space in the basement available for both tenant and landlord storage. There is also an opportunity to put in a coin-operated laundry for additional income. Location is a key asset: the property is walkable to downtown Elgin, the Metra commuter train, and the Grand Victoria Casino. Demand in this area remains consistently strong, resulting in low tenant turnover and rapid lease-up when vacancies occur.
  1. Listed by Marie Krajecki • Century 21 New Heritage - Hampshire
    P: (630)-439-4800 C: (630)-439-4800 rmkraj@sbcglobal.net

Sold By Real Broker LLC

Property Details for 292 Villa Street

Area
Elgin
Air Conditioning Type
Window Unit(s)
Zoning
MULTI
LISTING UPDATED: 08/08/2025 02:27 PM

Property Details for 292 Villa Street

StatusClosed
MLS #12396646
Days on Market10
Taxes$11,952 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Interior Entrance
Year Built1890
Lot Size0.11 AC / 4,752 SF
CountyKane County
Get preapproved with Rocket Mortgage1

Location

Add your commute

Building Information for 292 Villa Street

Stories3Residences6Year Built1890Building Size-Lot Size0.11 AC / 4,752 SF

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$3,993 per month

30 year fixed, 6.15% Interest

Principal and Interest

$2,997

Property Taxes

$996

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 292 Villa Street

General Information
Addtl Parking Information
  • Outdoor Parking: 6-12 Spaces
Location and General Information
  • Frontage Type: City Street
  • Information: 24-Hr Notice Required,List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Basement Type: Unfinished
  • Air Conditioning: Window Unit(s)
  • Electric: Circuit Breakers
  • Heat/Ventilation: Electric,Gas,Steam,Baseboard
  • # Of Window/Ac: 4
  • # Of Refrigerators: 6
  • Num of Baths: 6.0
Exterior Features
  • Misc Outside: Enclosed Porch,Storms and Screens (as exist)
Utilities / Equipment
  • Water: Municipal Water
  • Utilities: Cable Available
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Corridor-Interior Entrance
  • Lot Dimensions: 36X132
  • Lot Size Square Feet: 4752.0
  • Stories: 3
  • Construction: Wood, Stucco, Fiber Cement
  • Roof Type: Composition
  • Fire Protection: Fire Extinguisher/s,Smoke or Fire Protectors,Carbon Monoxide Detector(s)
  • Foundation Details: Concrete Perimeter, Stone
  • Building Area Total: 5211
  • # Of Ranges: 6
  • Conversion: N
Property and Assessments
  • Possible Use: Multi-Family
  • Public Document Count: 0
  • Photos Count: 15
  • Deconversion: N
Miscellaneous
  • Current Use: Multi-Family
  • Land Amenities: Security Entrance,Sidewalks,Cable Ready
  • Location: Central Business District,Public Transport Avail
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $83,400.00
  • Gross Scheduled Income: $83,400.00
  • Insurance Expense: $4,716.00
  • Maintenance Expense: $8,500.00
  • Expense Year: 2024
  • Total Annual Expense Source: Actual
  • Insurance Expense Source: Actual
  • Janitor Expense: 600
  • Repairs-Decor Expense Source: Owner Projection
  • Trash Expense Source: Actual
  • Total Monthly Income: 6950
  • Water Expense Source: Actual
  • Net Operating Income: $51,512.00
  • Operating Expense: $31,888.00
  • Other Expense: $1,320.00
  • Trash Expense: $1,200.00
  • Water Sewer Expense: $3,600.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 4
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 2
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 292 Villa Street

DateEvent & SourcePriceAppreciation
Aug 8, 2025

Sold (Public Record)

Public Record #1910055469

$615,000

+9.6% / yr

Aug 8, 2025

Sold

MRED #12396646

$615,000—
Jun 29, 2025

Pending

MRED #12396646

—
Jun 29, 2025

Contingent

MRED #12396646

—
Jun 20, 2025

Listed (Active)

MRED #12396646

$630,000—
Jun 6, 2025

Cancelled

MRED #12318741

$700,000—
Mar 22, 2025

Listed (Active)

MRED #12318741

$700,000—
Mar 21, 2025

Cancelled

MRED #12264996

$739,900—
Jan 24, 2025

Listed (Active)

MRED #12264996

$739,900—
Aug 31, 2022

Expired

MRED #11329322

$479,900—
Mar 31, 2022

Listed (Active)

MRED #11329322

—
Mar 25, 2022

Contingent

MRED #11329322

—
Mar 24, 2022

Listed (Active)

MRED #11329322

$479,900—
Mar 23, 2022

Temporarily Off Market

MRED #11329322

—
Feb 23, 2022

Contingent

MRED #11329322

—
Feb 21, 2022

Listed (Active)

MRED #11329322

$479,900—
Apr 4, 2017

Sold

MRED #09375910

$285,000—
Mar 27, 2017

Sold (Public Record)

Public Record #592989975

$285,000

-1.5% / yr

Jan 12, 2017

Pending

MRED #09375910

—
Oct 25, 2016

Listed (Active)

MRED #09375910

$349,000—
Aug 26, 2003

Sold (Public Record)

Public Record #123366906

$350,000—
DateEvent & SourcePrice
08/08/2025

Sold (Public Record)

Public Record #1910055469

$615,000

+9.6% / yr

08/08/2025

Sold

MRED #12396646

$615,000
06/29/2025

Pending

MRED #12396646

—
06/29/2025

Contingent

MRED #12396646

—
06/20/2025

Listed (Active)

MRED #12396646

$630,000
06/06/2025

Cancelled

MRED #12318741

$700,000
03/22/2025

Listed (Active)

MRED #12318741

$700,000
03/21/2025

Cancelled

MRED #12264996

$739,900
01/24/2025

Listed (Active)

MRED #12264996

$739,900
08/31/2022

Expired

MRED #11329322

$479,900
03/31/2022

Listed (Active)

MRED #11329322

—
03/25/2022

Contingent

MRED #11329322

—
03/24/2022

Listed (Active)

MRED #11329322

$479,900
03/23/2022

Temporarily Off Market

MRED #11329322

—
02/23/2022

Contingent

MRED #11329322

—
02/21/2022

Listed (Active)

MRED #11329322

$479,900
04/04/2017

Sold

MRED #09375910

$285,000
03/27/2017

Sold (Public Record)

Public Record #592989975

$285,000

-1.5% / yr

01/12/2017

Pending

MRED #09375910

—
10/25/2016

Listed (Active)

MRED #09375910

$349,000
08/26/2003

Sold (Public Record)

Public Record #123366906

$350,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 292 Villa Street

Taxable ValueLand$13,223Additions$136,132Total$149,355
Tax Record2024$11,953 ($996 / month)
Home Facts
Beds0Total Finished SqFt5,211 SqFtAbove Grade Finished SqFt5,211 SqFtStories3Lot Size4,752 SqFtStyleSingle Family ResidenceYear Built1890CountyKANEAPN06-13-380-011

Schools near 292 Villa Street

This home is within School District U-46.
Rating
School
Type
Grades
Distance
Channing Memorial Elementary School
Public - K to 6
Ellis Middle School
Public - 7 to 8
Elgin High School
Public - 9 to 12
Central School Program
Public - 7 to 12
Rating
School
Distance
Channing Memorial Elementary School
PublicK to 6

Ellis Middle School
Public7 to 8

Elgin High School
Public9 to 12

Central School Program
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

Similar Homes

Similar Sold Homes

Explore Nearby Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Century 21 New Heritage - Hampshire

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 08/08/2025 02:27 PM. 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.