331 E Lincoln Ave Barrington, IL 60010
Barrington AreaEstimated payment $2,935/month
Highlights
- Hot Property
- Traditional Architecture
- Soaking Tub
- Property is near park
- Backs to Trees or Woods
- Two Heating Systems
About This Home
Perfectly positioned just minutes from vibrant downtown Barrington and the Metra station, this rare two-flat offers endless possibilities in one of the area's most sought-after locations. Featuring two spacious 3-bedroom, 1-bath units, each with its own private entrance and separate utilities, this property is ideal for investors, owner-occupants, or those looking to create their dream home. The building includes a full basement with shared laundry and abundant storage, along with ample off-street parking. Long-term tenants have provided stable occupancy, while below-market rents present an outstanding opportunity for increased income and future value. Whether you choose to continue operating as an income-producing two-flat, convert it back into a spacious single-family residence, or explore redevelopment potential (subject to municipal approval), the possibilities are exceptional. Located within distance to Barrington's award-winning restaurants, boutique shopping, parks, schools, and Metra, this property combines small-town charm with unmatched convenience. Opportunities like this in downtown Barrington are few and far between-don't miss your chance to unlock the full potential of this unique property.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,929
Year Built
- Built in 1884
Lot Details
- 6,970 Sq Ft Lot
- Lot Dimensions are 66x109x66x109
- Paved or Partially Paved Lot
- Backs to Trees or Woods
Home Design
- Traditional Architecture
- Asphalt Roof
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- Window Screens
- Carbon Monoxide Detectors
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Potential Bedrooms
- 2 Bathrooms
- Soaking Tub
Unfinished Basement
- Basement Fills Entire Space Under The House
- Exterior Basement Entry
- Basement Storage
Parking
- 4 Parking Spaces
- Parking Available
- Driveway
- Parking Included in Price
- Unassigned Parking
Schools
- Hough Street Elementary School
- Barrington Middle School - Stati
- Barrington High School
Utilities
- Two Heating Systems
- Forced Air Heating System
- Heating System Uses Natural Gas
- Individual Controls for Heating
Additional Features
- Exterior Lighting
- Property is near park
Community Details
Overview
- 2 Units
- 2 Flat
Building Details
- Gross Income $38,400
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $8,929 | $33,000 | $8,633 | $24,367 |
| 2024 | $8,929 | $39,993 | $7,194 | $32,799 |
| 2023 | $8,725 | $39,993 | $7,194 | $32,799 |
| 2022 | $8,725 | $39,993 | $7,194 | $32,799 |
| 2021 | $7,829 | $31,747 | $3,776 | $27,971 |
| 2020 | $7,556 | $31,747 | $3,776 | $27,971 |
| 2019 | $7,652 | $36,366 | $3,776 | $32,590 |
| 2018 | $8,381 | $38,276 | $3,417 | $34,859 |
| 2017 | $8,210 | $38,276 | $3,417 | $34,859 |
| 2016 | $7,814 | $38,276 | $3,417 | $34,859 |
| 2015 | $6,501 | $29,425 | $3,057 | $26,368 |
| 2014 | $6,987 | $31,978 | $3,057 | $28,921 |
| 2013 | $6,689 | $31,978 | $3,057 | $28,921 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/03/2026 08/03/26 | Pending | -- | -- | -- | |
| 07/27/2026 07/27/26 | For Sale | $399,000 | +33.0% | -- | |
| 07/24/2024 07/24/24 | Sold | $300,000 | 0.0% | -- | View Prior Sale |
| 06/20/2024 06/20/24 | Pending | -- | -- | -- | |
| 04/24/2024 04/24/24 | Off Market | $300,000 | -- | -- | |
| 02/14/2024 02/14/24 | Pending | -- | -- | -- | |
| 02/01/2024 02/01/24 | For Sale | $319,900 | +47.4% | -- | |
| 08/06/2020 08/06/20 | Sold | $217,000 | -11.4% | -- | View Prior Sale |
| 06/26/2020 06/26/20 | Pending | -- | -- | -- | |
| 03/03/2020 03/03/20 | For Sale | $245,000 | 0.0% | -- | |
| 03/03/2020 03/03/20 | Price Changed | $245,000 | -2.0% | -- | |
| 02/21/2020 02/21/20 | Pending | -- | -- | -- | |
| 11/22/2019 11/22/19 | Price Changed | $249,900 | -3.0% | -- | |
| 10/28/2019 10/28/19 | Price Changed | $257,500 | -6.4% | -- | |
| 10/13/2019 10/13/19 | For Sale | $275,000 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $300,000 | None Listed On Document | |
| Warranty Deed | $217,000 | Chicago Title | |
| Warranty Deed | $311,500 | Cti | |
| Quit Claim Deed | -- | Prairie Title | |
| Deed | $225,000 | -- | |
| Deed | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $225,000 | New Conventional | |
| Previous Owner | $162,750 | New Conventional | |
| Previous Owner | $238,000 | Commercial | |
| Previous Owner | $615,750 | Commercial | |
| Previous Owner | $202,500 | Commercial |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12714708
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
- 331 E Russell St
- 611 Prairie Ave
- 145 Walton St
- 307 E Hillside Ave
- 135 W Lake St
- 217 E Hillside Ave
- 129 Monument Ave
- 520 E Main St Unit 1C
- 123 Kainer Ave
- 344 Wisconsin Ave
- 735 Prairie Ave
- 715 E Main St
- 206 N Cook St
- 319 S Glendale Ave Unit 303
- 236 Monument Ave
- 150 Washington St
- 160 Washington St Unit 160
- 120 Washington St Unit 2
- 727 Skyline Dr
- 868 Bristol Dr Unit 868
Ask me questions while you tour the home.