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About the Listing 22029 - 231548
Exceptional opportunity to own a versatile mixed-use property featuring both residential and commercial components under flexible RB (Residence/Business) zoning, allowing for residential use, business use, or a combination of both. The residential portion consists of a well-maintained and updated 2-bedroom, 2-bath home currently leased at $1,900 per month, providing immediate rental income. Also included is a separate brick commercial building located at 530 W. Highland Ave., presenting excellent potential for an owner-occupant business, office, studio, retail space, or additional income-producing use. The building features a spacious main-level room, a basement for storage or expanded functionality, and a convenient half bath. The commercial space is currently vacant, creating an opportunity to customize for your needs or secure a new tenant. Whether you're an investor seeking diversified income streams, an entrepreneur looking to operate a business steps from home, or a buyer exploring redevelopment and value-add possibilities, this property offers flexibility, visibility, and long-term potential.
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Window Unit(s)
- Heating: Central Heat/Indiv Controls
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 164.70X103X115
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $3,154
- Taxes w/Assessments: N/A
- Tax/Property ID: 0614257013
- Tax Year: 2025
Payment Calculator
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435 Washington St Elgin, IL 60123
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