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Listing provided courtesy of Charles Rutenberg Realty of ILMREDas Distributed by MLSGrid- MLS# 12669192MLS Provider

435 Washington StreetElgin, IL 60123

Commercial
$279,000 Active

435 Washington Street Overview

Time on Site:
24 days
Visits:
0

Exceptional opportunity to own a versatile mixed-use property featuring both residential and commercial components under flexible RB (Residence/Business) zoning, allowing for residential use, business use, or a combination of both. The residential portion consists of a well-maintained and updated 2-bedroom, 2-bath home currently leased at $1,900 per month, providing immediate rental income. Also included is a separate brick commercial building located at 530 W. Highland Ave., presenting excellent potential for an owner-occupant business, office, studio, retail space, or additional income-producing use. The building features a spacious main-level room, a basement for storage or expanded functionality, and a convenient half bath. The commercial space is currently vacant, creating an opportunity to customize for your needs or secure a new tenant. Whether you're an investor seeking diversified income streams, an entrepreneur looking to operate a business steps from home, or a buyer exploring redevelopment and value-add possibilities, this property offers flexibility, visibility, and long-term potential.

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435 Washington Street Facts & Features

  • Type Commercial

Details

General

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Income: 22800
  • Gross Scheduled Income: 22800
  • Insurance Expense: 800
  • Trash Expense: 0
  • Water Sewer Expense: 100

Building Information

  • Year Built: 1925

Location/Region

  • County Or Parish: Kane
  • MLS Area Major: Elgin

Tax Information

  • Tax Annual Amount: $3,154.00
  • Tax Year: 2025

General Information

  • Parcel Number: 0614257013
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale

Interior

General Information

  • Cooling: Window Unit(s)
  • Electric: Service - 0 to 100 Amps
  • Stories: 1

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 164.70X103X115
  • Lot Size Square Feet: 19140

General Information

  • Number Of Units Total: 2

435 Washington Street Neighborhood

Community

60123 (Elgin) Demographics

37
Median Age
3,547
Population Density (per sq. mile)
33%
College Educated
$69,971
Estimated Median Income
11,675
Estimated Total Home Owners
5,640
Estimated Total Renters
67% / 33%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

435 Washington Street Monthly Cost

$
$ %
%
$
$
Jeremy Woods
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

435 Washington Street Market Data

Based on the last 30 days in this zip code

$350,896
Average List Price
$199
Average Price per Square Foot
33
Properties Sold
43
Average Days on Market
100
Properties for Sale
Calculations provided by Reliance Network

435 Washington Street History

Date Event Value Agent
6/10/2026Source: MRED Status Change
Active
6/5/2026Source: MRED Added to Database
June 05, 2026
2/20/2025Source: MRED Status Change
Closed
1/10/2025Source: MRED Status Change
Contingent
11/25/2024Source: MRED Status Change
Active
11/20/2024Source: MRED Price Reduction
$189,000 -5.0%
11/20/2024Source: MRED Status Change
Price Change
10/5/2024Source: MRED Status Change
Active
9/30/2024Source: MRED Status Change
Re-activated
9/1/2024Source: MRED Status Change
Active
8/27/2024Source: MRED Added to Database
August 27, 2024