SoldAug 12, 2025

Listed and Bought with Esther Zamudio from Zamudio Realty Group

Source: Midwest Real Estate Data, LLC #12393215

566 Raymond Street, Elgin, IL, 60120

$225,000

5
3
1
0.25 ac.

MultiFam

5 days on the market

Sold: Aug 12, 2025

What's around 566 Raymond Street

About this property

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*

Looking for more information on 566 Raymond Street?

Explore comparables, sales history and growth for this property.
Learn more

Similar property sold nearby

SoldJul 31, 2025
$275,000
475 Laurel St
Elgin IL 60120
5
2
2
Multi-Family
Listing courtesy of Real Broker LLC and Keller Williams Innovate - Aurora

Other properties sold by Zamudio Realty Group

SoldJul 20, 2026
$430,000
552 Dawns End
Hampshire IL 60140
4
3
2
Single-Family
Listing courtesy of Century 21 New Heritage - Hampshire and Zamudio Realty Group
SoldJul 20, 2026
$140,500
313 East Grant Highway
Marengo IL 60152
3
2
1
Single-Family
Listing courtesy of Realty of America, LLC and Zamudio Realty Group
SoldJul 17, 2026
$320,000
2415 Emily Lane
Elgin IL 60124
2
3
2
Townhouse
Listing courtesy of Keller Williams Inspire - Geneva and Zamudio Realty Group

Browse properties sold in nearby areas

Based on information submitted to the MLS GRID as of 12 Aug 2025. 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.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under MLS GRID IDX Rules Updated September 16, 2024 7 U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to: dmca@ratemyagent.com

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Email
© 2026 RateMyAgent