566 Raymond St Elgin, IL 60120
Elgin National Watch Historic District Neighborhood
5
Beds
3
Baths
--
Sq Ft
0.25
Acres
Highlights
- Corner Lot
- Lower Floor Utility Room
- Workshop
- South Elgin High School Rated A-
About This Home
As of August 2025Charming Two-Unit in Elgin's Historical District with Excellent Income Potential! This character-filled property offers the perfect blend of classic charm, flexible living space, and strong investment opportunities. The first-floor unit features a spacious 3 to 4-bedroom layout with a walkout basement. Ideal for future finishing or extended living. The upstairs 1-bedroom unit offers excellent natural light and the possibility to reconfigure for even higher rental income. Situated on a wide lot, the property features a 1.5-car garage, an expansive brick patio, and a deep, private yard, offering outdoor comfort and ample room to expand. With rents rising in the area, this is an excellent opportunity for an owner-occupant or investor seeking substantial passive income. Perfect for a handyman buyer with a vision, this home has great bones and needs the right touch-ups and cosmetic updates to unlock its full value. Whether you're looking to maximize cash flow, renovate and build equity, or live in one unit while renting out the other, this property offers significant potential for growth. Unique charm, usable space, and endless possibilities- bring your architectural ideas and make the most of this rare opportunity! *See attached floor plan*
Last Agent to Sell the Property
Zamudio Realty Group License #471021065 Listed on: 06/16/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,293
Year Built
- Built in 1900
Lot Details
- 0.25 Acre Lot
- Lot Dimensions are 81 x 132
- Corner Lot
Parking
- 1 Car Garage
Home Design
- Asphalt Roof
Interior Spaces
- Workshop
- Lower Floor Utility Room
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Potential Bedrooms
- 3 Bathrooms
Utilities
- 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
Jun 16, 2025
Closed on
Aug 11, 2025
Sold by
Baeza Luis
Bought by
Baeza Martin and Baeza Maria Guadalupe
Seller's Agent
Esther Zamudio
Zamudio Realty Group
Buyer's Agent
Esther Zamudio
Zamudio Realty Group
List Price
$224,900
Sold Price
$225,000
Premium/Discount to List
$100
0.04%
Views
47
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
42.62%
Purchase Details
Closed on
Jun 4, 2012
Sold by
Baeza Martin
Bought by
Baeza Luis and Aguilera Juan
Similar Homes in Elgin, IL
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $225,000 | Chicago Title | |
| Interfamily Deed Transfer | -- | Chicago Title Insurance Comp |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $50,977 | Credit Line Revolving | |
| Previous Owner | $85,000 | Unknown | |
| Previous Owner | $40,000 | Unknown | |
| Previous Owner | $80,000 | Stand Alone First | |
| Previous Owner | $16,000 | Credit Line Revolving | |
| Previous Owner | $70,102 | Stand Alone Second |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/12/2025 08/12/25 | Sold | $225,000 | 0.0% | -- |
| 06/27/2025 06/27/25 | Pending | -- | -- | -- |
| 06/20/2025 06/20/25 | Off Market | $225,000 | -- | -- |
| 06/16/2025 06/16/25 | For Sale | $224,900 | -- | -- |
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 | $4,293 | $61,640 | $13,956 | $47,684 |
| 2023 | $4,065 | $55,687 | $12,608 | $43,079 |
| 2022 | $3,573 | $47,206 | $11,496 | $35,710 |
| 2021 | $3,573 | $44,134 | $10,748 | $33,386 |
| 2020 | $3,295 | $42,133 | $10,261 | $31,872 |
| 2019 | $3,188 | $40,134 | $9,774 | $30,360 |
| 2018 | $3,145 | $37,809 | $9,208 | $28,601 |
| 2017 | $3,059 | $35,743 | $8,705 | $27,038 |
| 2016 | $2,897 | $33,160 | $8,076 | $25,084 |
| 2015 | -- | $30,394 | $7,402 | $22,992 |
| 2014 | -- | $30,019 | $7,311 | $22,708 |
| 2013 | -- | $30,811 | $7,504 | $23,307 |
Source: Public Records
Agents Affiliated with this Home
-
Esther Zamudio
Seller's Agent in 2025
Esther Zamudio
Zamudio Realty Group
(847) 508-7500
7 in this area
627 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12393215
APN: 06-24-178-029
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