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Off Market

566 Raymond Street

Elgin IL 60120

5
3
1
0.25 ac.
Multi-Family
Last sold for $225,000
Esther ZamudioEsther Zamudio, last sold this property on 12 August 2025 after 56 days on market.

Overview

Charming 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*

Features

5 bedrooms
3 bathrooms
1 carspace
1 garage space
0.25 ac. lot size
Multi-Family

Estimated Value

We need at least 3 similar 5 bedroom multi families sold in Elgin over the last 12 months.

Property history for 566 Raymond Street

2025
Sold
$225,000
12 Aug 2025 by Esther Zamudio, of Zamudio Realty Group

Happy sellers in Elgin

~%

We have insufficient information to provide an overview of customer satisfaction for Elgin. Viewing the agent profiles, reviews and sales for Elgin can provide insights for this location.

Local market activity for 5 bedroom multi families in Elgin

In the last 12 months, 1 five-bedroom multi family similar to 566 Raymond Street, have been sold.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Elgin

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Jose Borjas

Jose Borjas is an award winning recommended agent for Elgin.  They have 2 local sales and collected 3 local reviews across the last 12 months.

  •   5   (51 reviews)
  •  3 Reviews in Elgin
  •  2 Sales in Elgin
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Amber Cawley

Amber Cawley is a recommended agent for Elgin.  They have 2 local sales and collected 1 local review across the last 12 months.

  •   5   (22 reviews)
  •  1 Review in Elgin
  •  2 Sales in Elgin
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Joel Zielke

Sellers who recommend Joel Zielke have praised them for being local expert, responsive, clear communication, supportive, patient, honest, and great negotiation

  •   5   (116 reviews)
  •  1 Review in Elgin
  •  1 Sale in Elgin
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Deborah Bestler

Deborah Bestler is a recommended agent for Elgin.  They have 1 local sale and collected 1 local review across the last 12 months.

  •   5   (3 reviews)
  •  1 Review in Elgin
  •  1 Sale in Elgin
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