422 Locust St

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

Description

Welcome to 422 Locust Street, a beautifully updated two-unit property located in the heart of Elgin. This turnkey building presents a rare opportunity for both owner-occupants and investors, offering thoughtful upgrades throughout and strong rental potential. Unit 1 features a spacious and unique two-story layout with a private entrance, giving the feel of a single-family home. It includes three oversized bedrooms, two updated bathrooms, a modern kitchen with brand new waterproof luxury vinyl plank...Welcome to 422 Locust Street, a beautifully updated two-unit property located in the heart of Elgin. This turnkey building presents a rare opportunity for both owner-occupants and investors, offering thoughtful upgrades throughout and strong rental potential. Unit 1 features a spacious and unique two-story layout with a private entrance, giving the feel of a single-family home. It includes three oversized bedrooms, two updated bathrooms, a modern kitchen with brand new waterproof luxury vinyl plank flooring, and upgraded lighting throughout. Unit 2 is a fully remodeled studio with its own private entrance, showcasing quartz countertops, smart appliances, waterproof LVP flooring, and a contemporary bathroom-making it an ideal high-end rental. Both units will be delivered vacant at closing, providing maximum flexibility to rent at current market rates or to house hack. The property has been meticulously maintained and thoughtfully improved with major upgrades, including a new water heater (2024), a high-efficiency Carrier HVAC system with a two-stage gas furnace (2022), a Nest thermostat, Aprilaire humidifier, newer windows, and a freshly built and painted wraparound porch. The exterior features a freshly blacktopped driveway, a detached three-car garage, and an additional ten parking spaces-offering rare and valuable off-street parking for tenants or guests. The full basement includes laundry, extra storage, and a separate exterior entrance, creating a value-add opportunity for future living space or rental income. Rental comps in the area demonstrate strong upside potential. Unit one: MLS #12286435, a 3BD/1BA property, rented for $2,000 in just 22 days, while MLS #12281539, a 3BD/1BA with only a one-car garage, supports similar pricing. Unit 2: For the studio unit, MLS #12198381 rented at $995 with no garage, driveway, or privacy, and MLS #12065176 rented in just 26 days without parking. COMPETITIVE ADVANTAGE: the units at 422 Locust Street offer more modern finishes, private entrances, ample off-street parking, 3 CAR GARAGE with potential to be rented and overall better value-suggesting even higher rental potential. Located near downtown Elgin, Grand Victoria Casino, Metra, I-90, shops, and restaurants, this property offers both convenience and long-term value. With excellent projected rental income and flexible occupancy options, this is a prime opportunity to own a well-maintained, income-producing property in a desirable and growing market.
  1. Listed by Valeria Sanchez • MPower Residential Brokerage LLC
    P: (630)-940-6658 C: (630)-940-6658 Valeria@mpowerrealtors.com

Sold By Perillo Real Estate Group

Property Details for 422 Locust Street

Area
Elgin
Township
Elgin
Ownership
Fee Simple
Num Of Garage Spaces
3.0
Num Of Parking Spaces
3.0
Parking Included in Price
Yes
Heat/Fuel
Natural Gas
Zoning
MULTI
LISTING UPDATED: 10/09/2025 01:50 PM

Property Details for 422 Locust Street

StatusClosed
MLS #12463784
Days on Market2
Taxes$5,908 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 2 Story Unit/S
Year Built-
Lot Size0.21 AC / 9,000 SF
CountyKane County

Location

Add your commute

Building Information for 422 Locust Street

Stories-Residences2Year Built-Building Size-Lot Size0.21 AC / 9,000 SF

Payment Calculator

$2,322 per month

30 year fixed, 6.15% Interest

Principal and Interest

$1,830

Property Taxes

$492

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 422 Locust Street

General Information
School Information
  • Elementary School District: 46
  • High School District: 46
  • Middle Or Junior School District: 46
Addtl Parking Information
  • Parking Details: No Garage, On Site, Garage Owned, Detached, Garage
Property Information
Interior Features
  • Num Of Rooms: 8
  • Bedrooms Total: 3
  • Bedrooms (Below Grade): 0
  • Basement Type: Unfinished, Full
  • Bedrooms Possible: 3
  • # Full Baths in Building: 3
  • # Half Baths in Building: 0
  • Num of Baths: 3.0
Exterior Features
  • Patio And Porch Features: Porch
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Public
  • Other Equipment: CO Detectors, Ceiling Fan(s)
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2022
  • Built Before 1978: Yes
  • Age: Unknown
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 60X150
  • Total # Units in Building: 2.0
  • Waterfront: No
  • Construction: Vinyl Siding
  • Roof Type: Asphalt
  • Foundation Details: Stone
  • General Information: None
  • 3 Br Un In Bldg: No
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 25
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Unit 1
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 0
Unit 2
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 0

Property History for 422 Locust Street

DateEvent & SourcePriceAppreciation
Oct 6, 2025

Sold

MRED #12463784

$375,500
Oct 3, 2025

Sold (Public Record)

Public Record #1917033062

$395,000

+11.5% / yr

Sep 5, 2025

Pending

MRED #12463784

Sep 4, 2025

Listed (Active)

MRED #12463784

$389,000
Aug 31, 2025

Expired

MRED #12441963

$389,000
Aug 8, 2025

Listed (Active)

MRED #12441963

$389,000
Jul 31, 2025

Cancelled

MRED #12413890

$389,000
Jul 8, 2025

Listed (Active)

MRED #12413890

$399,000
Jul 8, 2025

Cancelled

MRED #12407459

$425,000
Jun 30, 2025

Cancelled

MRED #12401471

$450,000
Jun 30, 2025

Listed (Active)

MRED #12407459

$425,000
Jun 23, 2025

Cancelled

MRED #12398445

$469,000
Jun 23, 2025

Listed (Active)

MRED #12401471

$450,000
Jun 19, 2025

Listed (Active)

MRED #12398445

$469,000
May 24, 2022

Cancelled

MRED #11259900

$257,000
Mar 22, 2022

Temporarily Off Market

MRED #11259900

Nov 28, 2021

Contingent

MRED #11259900

Nov 1, 2021

Cancelled

MRED #11202597

$260,000
Nov 1, 2021

Listed (Active)

MRED #11259900

$257,000
Aug 27, 2021

Listed (Active)

MRED #11202597

$260,000
Apr 1, 2019

Sold (Public Record)

Public Record #641997065

$195,000

+2.3% / yr

Apr 1, 2019

Sold

MRED #10147997

$191,468
Jan 21, 2019

Pending

MRED #10147997

Dec 12, 2018

Listed (Active)

MRED #10147997

$199,900
May 25, 2006

Sold (Public Record)

Public Record #196595605

$145,500
DateEvent & SourcePrice
10/06/2025

Sold

MRED #12463784

$375,500
10/03/2025

Sold (Public Record)

Public Record #1917033062

$395,000

+11.5% / yr

09/05/2025

Pending

MRED #12463784

09/04/2025

Listed (Active)

MRED #12463784

$389,000
08/31/2025

Expired

MRED #12441963

$389,000
08/08/2025

Listed (Active)

MRED #12441963

$389,000
07/31/2025

Cancelled

MRED #12413890

$389,000
07/08/2025

Listed (Active)

MRED #12413890

$399,000
07/08/2025

Cancelled

MRED #12407459

$425,000
06/30/2025

Cancelled

MRED #12401471

$450,000
06/30/2025

Listed (Active)

MRED #12407459

$425,000
06/23/2025

Cancelled

MRED #12398445

$469,000
06/23/2025

Listed (Active)

MRED #12401471

$450,000
06/19/2025

Listed (Active)

MRED #12398445

$469,000
05/24/2022

Cancelled

MRED #11259900

$257,000
03/22/2022

Temporarily Off Market

MRED #11259900

11/28/2021

Contingent

MRED #11259900

11/01/2021

Cancelled

MRED #11202597

$260,000
11/01/2021

Listed (Active)

MRED #11259900

$257,000
08/27/2021

Listed (Active)

MRED #11202597

$260,000
04/01/2019

Sold (Public Record)

Public Record #641997065

$195,000

+2.3% / yr

04/01/2019

Sold

MRED #10147997

$191,468
01/21/2019

Pending

MRED #10147997

12/12/2018

Listed (Active)

MRED #10147997

$199,900
05/25/2006

Sold (Public Record)

Public Record #196595605

$145,500

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

Public Records for 422 Locust Street

Taxable ValueLand$19,957Additions$63,786Total$83,743
Tax Record2024$5,908 ($492 / month)
Home Facts
Beds3Total Finished SqFt1,774 SqFtAbove Grade Finished SqFt1,774 SqFtStories2Lot Size11,551 SqFtStyleSingle Family ResidenceYear Built1880CountyKANEAPN06-14-409-026

Schools near 422 Locust Street

This home is within School District U-46.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 9 to 12
Public - 7 to 12
Rating
School
Distance
Washington Elementary School
PublicPK to 6

Abbott Middle School
Public7 to 8

Larkin 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.

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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 MPower Residential Brokerage 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 10/09/2025 01:50 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.