408 E Chicago St

Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Great investment opportunity! This well-maintained 4-unit building offers strong income potential! Recent updates include a newer water heater and driveway, exterior painted 2024 with the roof replaced in recent years (exact date unknown). The property features ample parking perfect for tenants and is conveniently located near downtown, providing easy access to shopping, dining, and amenities. Whether you're looking to expand your portfolio or secure a solid income-producing asset, this is one you...Great investment opportunity! This well-maintained 4-unit building offers strong income potential! Recent updates include a newer water heater and driveway, exterior painted 2024 with the roof replaced in recent years (exact date unknown). The property features ample parking perfect for tenants and is conveniently located near downtown, providing easy access to shopping, dining, and amenities. Whether you're looking to expand your portfolio or secure a solid income-producing asset, this is one you don't want to miss!
  1. Listed by Jesus Perez • Realty of America, LLC
    P: (630)-878-9064 C: (630)-878-9064 jrjesusperez@yahoo.com; jp@jperezbroker.info

Property Details for 408 East Chicago Street

Area
Elgin
Township
Elgin
Ownership
Fee Simple
Num Of Garage Spaces
2.0
Num Of Parking Spaces
8.0
Parking Included in Price
Yes
Heat/Fuel
Natural Gas, Hot Water/Steam, Radiator(s)
Architectural Style
American 4-Sq.
LISTING UPDATED: 04/26/2026 06:27 AM

Property Details for 408 East Chicago Street

StatusContingent
MLS #12598511
Days on Market35
Taxes$9,157 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeTwo to Four Units / 4 Flat
Year Built1920
Lot Size-
CountyKane County

Location

Listing Courtesy of Realty of America, LLC
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Building Information for 408 East Chicago Street

Stories-Residences4Year Built1920Building Size-Lot Size-

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OriginPoint Mortgage or Rocket Mortgage1

$3,331 per month

30 year fixed, 6.46% Interest

Principal and Interest

$2,568

Property Taxes

$763

HOA Dues

$0

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Property Information for 408 East Chicago Street

General Information
School Information
  • Elementary School District: 46
  • Elementary School: Channing Memorial Elementary Sch
  • Jr High Middle School: Ellis Middle School
  • High School District: 46
  • High School: Elgin High School
  • Middle Or Junior School District: 46
Addtl Parking Information
  • Parking Details: Yes, Garage Owned, Detached, Unassigned, Off Alley, Driveway, Alley Access, Owned, Garage
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Num Of Rooms: 19
  • Bedrooms Total: 6
  • Bedrooms (Below Grade): 0
  • Community Features: Sidewalks, Street Lights, Street Paved
  • Basement Type: Unfinished, Exterior Entry, Full
  • Bedrooms Possible: 6
  • # Full Baths in Building: 4
  • # Half Baths in Building: 0
  • Num of Baths: 4.0
Exterior Features
  • Patio And Porch Features: Deck, Porch
Utilities / Equipment
  • Sewer: Sewer-Public, Storm Sewer
  • Water: Public
  • Other Equipment: Water Heater-Gas
Property/Lot Information
  • Exterior Property Features: Balcony, Roof Deck
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 63X143X65X144
  • Total # Units in Building: 4.0
  • Waterfront: No
  • Exterior Building Type: Stucco
  • Construction: Stucco
  • Roof Type: Asphalt
  • Foundation Details: Block, Stone
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Historical District
  • 3 Br Un In Bldg: No
  • Conversion: N
Property and Assessments
  • Buyer Financing: Conventional, Contract, Owner May Help/Assist, Purchase Money Mortgage, Rewrite/Blend, Cash
  • Public Document Count: 0
  • Photos Count: 16
  • Deconversion: N
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Green Features
  • Green Energy Efficient: Low flow commode, Low flow fixtures
Multi Family
Income & Expenses
  • Electric Expense: $.00
  • Gross Income: $5,950.00
Unit 1
  • Unit Type Actual Rent: $1,150.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 10/26
Unit 2
  • Unit Type Actual Rent: $1,650.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Lease Expiration Date: MO/MO
Unit 3
  • Unit Type Actual Rent: $1,800.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Lease Expiration Date: 06/26
Unit 4
  • Unit Type Actual Rent: $1,350.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 4
  • Lease Expiration Date: MO/MO

Property History for 408 East Chicago Street

DateEvent & SourcePriceAppreciation
Apr 1, 2026

Contingent

MRED #12598511

Mar 23, 2026

Listed (Active)

MRED #12598511

$509,900
Jul 12, 2023

Sold

MRED #11745554

$390,000
DateEvent & SourcePrice
04/01/2026

Contingent

MRED #12598511

03/23/2026

Listed (Active)

MRED #12598511

$509,900
07/12/2023

Sold

MRED #11745554

$390,000

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

Schools near 408 East Chicago Street

This home is within School District U-46.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 6 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
Public6 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.

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Listing Courtesy of Realty of America, LLC

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 04/26/2026 06:27 AM. 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.