408 E Chicago St Elgin, IL 60120
Gifford Park NeighborhoodEstimated payment $3,509/month
Highlights
- Rooftop Deck
- Balcony
- Porch
- American Four Square Architecture
- 2 Car Detached Garage
- 3-minute walk to James T Gifford Park
About This Home
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!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,157
Year Built
- Built in 1920
Lot Details
- Lot Dimensions are 63x143x65x144
- Paved or Partially Paved Lot
Parking
- 2 Car Detached Garage
- Parking Available
- Alley Access
- Driveway
- Off Alley Parking
- Parking Included in Price
- Unassigned Parking
Home Design
- American Four Square Architecture
- Block Foundation
- Stone Foundation
- Asphalt Roof
- Stucco
Interior Spaces
- Window Screens
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Potential Bedrooms
- 4 Bathrooms
- Low Flow Toliet
Unfinished Basement
- Basement Fills Entire Space Under The House
- Exterior Basement Entry
Outdoor Features
- Balcony
- Rooftop Deck
- Porch
Schools
- Channing Memorial Elementary Sch
- Ellis Middle School
- Elgin High School
Utilities
- Radiator
- Heating System Uses Steam
- Heating System Uses Natural Gas
- Gas Water Heater
Community Details
- 4 Units
- Gross Income $5,950
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 |
|---|---|---|---|---|
| 2024 | $9,157 | $114,418 | $15,901 | $98,517 |
| 2023 | $8,812 | $103,368 | $14,365 | $89,003 |
| 2022 | $7,533 | $86,875 | $13,098 | $73,777 |
| 2021 | $7,246 | $81,222 | $12,246 | $68,976 |
| 2020 | $7,072 | $77,539 | $11,691 | $65,848 |
| 2019 | $6,898 | $73,860 | $11,136 | $62,724 |
| 2018 | $6,879 | $69,581 | $10,491 | $59,090 |
| 2017 | $6,766 | $65,779 | $9,918 | $55,861 |
| 2016 | $6,508 | $61,025 | $9,201 | $51,824 |
| 2015 | -- | $55,935 | $8,434 | $47,501 |
| 2014 | -- | $55,245 | $8,330 | $46,915 |
| 2013 | -- | $56,703 | $8,550 | $48,153 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/01/2026 04/01/26 | Pending | -- | -- | -- | |
| 03/23/2026 03/23/26 | For Sale | $509,900 | +30.7% | -- | |
| 07/12/2023 07/12/23 | Sold | $390,000 | -2.5% | -- | View Prior Sale |
| 05/20/2023 05/20/23 | Pending | -- | -- | -- | |
| 03/31/2023 03/31/23 | For Sale | $399,900 | +100.0% | -- | |
| 01/07/2020 01/07/20 | Sold | $200,000 | -20.0% | -- | View Prior Sale |
| 11/13/2019 11/13/19 | Pending | -- | -- | -- | |
| 09/26/2019 09/26/19 | For Sale | $250,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12598511
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Based on information submitted to the MLS GRID. 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.
Based on information submitted to the MLS GRID
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Ask me questions while you tour the home.