422 Locust Street

Closed 10/6/25

Sold

Last Sold Price

$375,500

3 beds3 baths

422 Locust St, Elgin, IL 60123

Multi FamilyProperty Type

0.21 acresLot Size

3 carsParking Spaces

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.

Sold By Perillo Real Estate Group

Listed by: Valeria Sanchez 630.940.6658 Valeria@mpowerrealtors.com • MPower Residential Brokerage LLC

Listing closed: 10/06/2025 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 12463784

Recent comparable sales

Median sold price

$325,000

Avg days on market

Sale-to-list ratio

98.8%

1/30

$327,500

Sold 07/18/25

3
Bedrooms: 3
Bathrooms: 1,700
Square Feet: 0.18
Acres

572 Walnut Avenue, Elgin, IL 60123

1/26

$505,000

Sold 05/27/26

3
Bedrooms: 3
Bathrooms: Unavailable
Square Feet: 1.6
Acres

143 South Liberty Street, Elgin, IL 60120

1/33

$335,000

Sold 11/18/25

3
Bedrooms: 3
Bathrooms: 1,605
Square Feet: 0.15
Acres

21 North Edison Avenue, Elgin, IL 60123

a view of a brick house with large windows

1/30

$315,000

Sold 04/11/25

4
Bedrooms: 3
Bathrooms: Unavailable
Square Feet: 0.21
Acres

455 Oak Street, Elgin, IL 60123

1/20

$320,000

Sold 05/21/25

3
Bedrooms: 3
Bathrooms: Unavailable
Square Feet: 0.10
Acres

370 Bent Street, Elgin, IL 60120

1/28

$307,000

Sold 03/17/25

3
Bedrooms: 3
Bathrooms: 1,866
Square Feet: 0.18
Acres

156 South Gifford Street, Elgin, IL 60120

1/63

$410,000

Sold 12/17/25

3
Bedrooms: 3
Bathrooms: 1,807
Square Feet: 0.31
Acres

587 North Clifton Avenue, Elgin, IL 60123

$290,000

Sold 01/13/25

3
Bedrooms: 3
Bathrooms: 1,304
Square Feet: 0.15
Acres

512 West Chicago Street, Unit 2, Elgin, IL 60123

1/27

$325,000

Sold 08/04/26

3
Bedrooms: 3
Bathrooms: 1,781
Square Feet: Unavailable
Acres

1629 Lin Lor Lane, Elgin, IL 60123

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Principal and Interest

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Property Taxes

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Property Information for 422 Locust Street

Property Details

Taxes: $5,908 / year
MLS Type: Two to Four Units / 2 Story Unit/S
County: Kane County
Area: Elgin
Township: Elgin
Ownership: Fee Simple
Num Of Garage Spaces: 3.0
Parking Included in Price: Yes
Heat/Fuel: Natural Gas
Zoning: MULTI

Building Information

Residences: 2
Lot Size: 0.21 AC / 9,000 SF

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
Exterior Building Type: Vinyl Siding
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

Date	Event & Source	Price	Appreciation
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	—

Date	Event & Source	Price
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, we often displays two records for one sale: the MLS record and the public record.

Public Records for 422 Locust Street

Taxable Value

Land

$21,667

Additions

$69,252

Total$90,919

Tax Record

2025

$6,167 ($514 / month)

Home Facts

Beds

Baths

Total Finished SqFt

1,774 SqFt

Above Grade Finished SqFt

1,774 SqFt

Stories

Lot Size

11,551 SqFt

Style

Single Family Residence

Year Built

1880

Year Renovated

1880

County

KANE

APN

06-14-409-026

Schools near 422 Locust Street

This home is within School District U-46.


Rating	School	Type	Grades	Distance
5/10	Washington Elementary School	Public - Serves this home	PK to 6	0.5 mi
3/10	Abbott Middle School	Public - Serves this home	7 to 8	0.7 mi
3/10	Larkin High School	Public - Serves this home	9 to 12	1.3 mi
NR	Central School Program	Public - Choice school	6 to 12	0.6 mi
NR	Hawk Hollow Elementary School	Public - Nearby school	K to 6	8.4 mi
NR	St Edward Central Catholic High School	Private - Nearby school	9 to 12	0.1 mi
NR	St Laurence Elementary School	Private - Nearby school	PK to 8	0.3 mi
NR	St Johns Lutheran School	Private - Nearby school	PK to 8	0.5 mi


Rating	School	Distance
5/10	Washington Elementary School PublicPK to 6 Serves this home	0.5 mi
3/10	Abbott Middle School Public7 to 8 Serves this home	0.7 mi
3/10	Larkin High School Public9 to 12 Serves this home	1.3 mi
NR	Central School Program Public6 to 12 Choice school	0.6 mi
NR	Hawk Hollow Elementary School PublicK to 6 Nearby school	8.4 mi
NR	St Edward Central Catholic High School Private9 to 12 Nearby school	0.1 mi
NR	St Laurence Elementary School PrivatePK to 8 Nearby school	0.3 mi
NR	St Johns Lutheran School PrivatePK to 8 Nearby school	0.5 mi

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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Nearby home values

Address	Sold price	Beds	Baths	Sqft	Lot (Sqft)
This home: 422 Locust Street, Elgin, IL 60123	$375,500	3	3	–	9,000
450 Locust Street, Elgin, IL 60123	$65,000	3	2	–	14,570
92 South Jackson Street, Elgin, IL 60123	–	–	4	2,540	14,500
454 Locust Street, Elgin, IL 60123	$220,000	3	3	1,649	21,780
458 Locust Street, Elgin, IL 60123	–	3	1	1,596	9,800
74 South Jackson Street, Elgin, IL 60123	–	3	2.5	2,342	72
76 South Jackson Street, Elgin, IL 60123	–	–	–	–	10,164
335 Locust Street, Elgin, IL 60123	–	–	–	–	65,776
105 Elm Street, Elgin, IL 60123	$567,500	6	4	–	8,712
466 Locust Street, Elgin, IL 60123	$250,000	4	2	1,815	11,450
329 Locust Street, Elgin, IL 60123	$50,000	4	2	–	8,276
459 Locust Street, Elgin, IL 60123	–	–	–	–	8,615
113 Elm Street, Unit 2, Elgin, IL 60123	$443,000	–	2	1,456	7,435
83 South Jackson Street, Elgin, IL 60123	$199,000	4	2	–	6,969
91 South Jackson Street, Elgin, IL 60123	$185,000	3	1	1,820	12,000
85 South Jackson Street, Elgin, IL 60123	$199,000	2	1	1,000	6,664

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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.