435 Washington Street Elgin, IL 60123
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.
Baird & Warner Jeffrey Schwartz Email
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Listing Office: Charles Rutenberg Realty of IL
Listing Office Phone: 630-929-1100
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