422 Locust Street

Elgin, IL 60123

**Seller is offering a closing cost credit! (Ask your realtor to inquire.) Use it to help cover closing costs or buy down your interest rate. Great opportunity to make homeownership more affordable – ask your lender how to take advantage!** Welcome to 422 Locust Street, a beautifully updated two-unit property located in the heart of Elgin! This turnkey building offers a unique opportunity for both investors and owner-occupants, with thoughtful upgrades throughout and strong rental potential. Unit 1 features a spacious and unique two-story layout with a private entrance, offering the feel of a single-family home. It includes three oversized bedrooms and two updated bathrooms, along with a modern kitchen featuring brand new waterproof luxury vinyl plank flooring and updated light fixtures. Unit 2 is a fully remodeled studio with its own private entrance. Renovated in 2022, it showcases quartz countertops, smart appliances, waterproof luxury vinyl plank flooring, and a modern bathroom, making it a high-end rental option. The property includes major recent improvements such as a 2024 water heater, featuring a high-efficiency Carrier 2022 HVAC system with a high efficiency two-stage gas furnace, smart Nest thermostat, and Aprilaire humidifier! New windows throughout, and a freshly built and painted wrap-around porch. The large driveway has just been blacktopped for a clean, updated look. Exterior features include a three-car garage and an additional ten parking spaces in the rear parking lot, providing ample off-street parking- imagine the family gatherings here! The basement offers laundry facilities, an extra storage room, and a separate exterior entrance, presenting a potential Value Add opportunity to finish the space for additional income or living area. Both units will be delivered vacant at closing, allowing maximum flexibility for occupancy or rental setup. The roof is in great condition and the entire property has been meticulously maintained. Located near the Grand Victoria Casino, downtown Elgin, Metra, I-90, shops, and restaurants, this property offers convenience and long-term value. This is a rare opportunity to own a move-in-ready 2-unit home in a prime Elgin location. Don't miss your chance to own this property!

Listing Courtesy of MRED as distributed by MLS Grid of MPower Residential Brokerage LLC



Based on information submitted to the MLS GRID as of 2025-06-25 02:50 PM UTC. 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.
Last checked: 2025-06-25 02:50 PM UTC
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