Seller's Agent in 2025
Valeria Sanchez
MPower Residential Brokerage LLC
(630) 940-6658
2 in this area
30 Total Sales
422 Locust St Elgin, IL 60123
Near West Elgin Neighborhood
3
Beds
3
Baths
--
Sq Ft
--
Built
Highlights
- 3 Car Detached Garage
- Porch
- Ceiling Fan
About This Home
As of October 2025Welcome 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.
Last Agent to Sell the Property
MPower Residential Brokerage LLC License #475209108 Listed on: 09/04/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,908
Year Renovated
- 2022
Parking
- 3 Car Detached Garage
- No Garage
- Parking Included in Price
Home Design
- Stone Foundation
- Asphalt Roof
- Vinyl Siding
Interior Spaces
- 2-Story Property
- Ceiling Fan
- Unfinished Basement
- Basement Fills Entire Space Under The House
- Carbon Monoxide Detectors
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Potential Bedrooms
- 3 Bathrooms
Additional Features
- Porch
- Lot Dimensions are 60x150
- Heating System Uses Natural Gas
Community Details
- 2 Units
Listing and Financial Details
- Homeowner Tax Exemptions
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 4, 2025
Closed on
Oct 3, 2025
Sold by
Sixtos Jose Manuel Rojas
Bought by
Rodriguez Eduardo
Seller's Agent
Valeria Sanchez
MPower Residential Brokerage LLC
Buyer's Agent
Jimary Lopez
Perillo Real Estate Group
List Price
$389,000
Sold Price
$375,500
Premium/Discount to List
-$13,500
-3.47%
Views
117
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,671
Avg. Annual Appreciation
10.74%
Original Mortgage
$386,342
Outstanding Balance
$385,211
Interest Rate
6.13%
Mortgage Type
VA
Estimated Equity
$1,960
Purchase Details
Listed on
Dec 2, 2018
Closed on
Apr 1, 2019
Sold by
Kouros Chris
Bought by
Sixtos Jose Manuel Rojas
Seller's Agent
Esther Zamudio
Zamudio Realty Group
Buyer's Agent
Todd Couture
Brokerocity Inc
List Price
$199,900
Sold Price
$191,468
Premium/Discount to List
-$8,432
-4.22%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.88%
Original Mortgage
$191,468
Interest Rate
4.62%
Mortgage Type
FHA
Purchase Details
Closed on
May 25, 2006
Sold by
Stewart Donald D and Stewart Penny L
Bought by
Kouros Chris
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,360
Interest Rate
7.37%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 23, 2004
Sold by
Stewart Penny L
Bought by
Stewart Donald D and Stewart Penny L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,500
Interest Rate
9.55%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 12, 1997
Sold by
Rechsteiner James E
Bought by
Stewart Penny L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
7.73%
Mortgage Type
Balloon
Purchase Details
Closed on
Oct 6, 1995
Sold by
Rechsteiner Ernest
Bought by
Rechsteiner Ernest C
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $395,000 | First American Title | |
| Warranty Deed | $292,500 | Attorney | |
| Warranty Deed | $145,500 | Preferred Title Ins Agency | |
| Interfamily Deed Transfer | -- | First American Title Ins | |
| Trustee Deed | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $386,342 | VA | |
| Previous Owner | $191,468 | FHA | |
| Previous Owner | $116,360 | Purchase Money Mortgage | |
| Previous Owner | $129,500 | New Conventional | |
| Previous Owner | $25,000 | Balloon |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/06/2025 10/06/25 | Sold | $375,500 | -3.5% | -- | |
| 09/05/2025 09/05/25 | Pending | -- | -- | -- | |
| 09/04/2025 09/04/25 | For Sale | $389,000 | +103.2% | -- | |
| 04/01/2019 04/01/19 | Sold | $191,468 | 0.0% | -- | View Prior Sale |
| 03/30/2019 03/30/19 | Off Market | $191,468 | -- | -- | |
| 01/21/2019 01/21/19 | Pending | -- | -- | -- | |
| 01/04/2019 01/04/19 | For Sale | $199,900 | 0.0% | -- | |
| 12/18/2018 12/18/18 | Pending | -- | -- | -- | |
| 12/12/2018 12/12/18 | For Sale | $199,900 | +4.4% | -- | |
| 12/07/2018 12/07/18 | Off Market | $191,468 | -- | -- | |
| 12/02/2018 12/02/18 | For Sale | $199,900 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $5,908 | $83,743 | $19,957 | $63,786 |
| 2023 | $5,620 | $75,656 | $18,030 | $57,626 |
| 2022 | $4,910 | $62,630 | $16,440 | $46,190 |
| 2021 | $4,689 | $58,554 | $15,370 | $43,184 |
| 2020 | $4,551 | $55,899 | $14,673 | $41,226 |
| 2019 | $4,413 | $53,247 | $13,977 | $39,270 |
| 2018 | $4,366 | $50,162 | $13,167 | $36,995 |
| 2017 | $4,260 | $47,422 | $12,448 | $34,974 |
| 2016 | $4,052 | $43,994 | $11,548 | $32,446 |
| 2015 | -- | $40,325 | $10,585 | $29,740 |
| 2014 | -- | $39,827 | $10,454 | $29,373 |
| 2013 | -- | $40,878 | $10,730 | $30,148 |
Source: Public Records
Agents Affiliated with this Home
-
Valeria Sanchez
-
Jimary Lopez
Buyer's Agent in 2025
Jimary Lopez
Perillo Real Estate Group
(224) 634-4476
1 in this area
22 Total Sales
-
Esther Zamudio
Seller's Agent in 2019
Esther Zamudio
Zamudio Realty Group
(847) 508-7500
17 in this area
596 Total Sales
-
Juan Carlos Dominguez
Seller Co-Listing Agent in 2019
Juan Carlos Dominguez
Zamudio Realty Group
(847) 514-9869
1 in this area
72 Total Sales
-
Todd Couture
Buyer's Agent in 2019
Todd Couture
Brokerocity Inc
(847) 471-1434
10 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12463784
APN: 06-14-409-026
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