370 Algona Ave, Elgin, IL 60120
OFF MARKET

370 Algona Ave
Elgin, IL 60120

Northeastern Elgin
  • 7 Beds
  • 4 Baths

$629,600

Trulia Estimate
as of Jul 10, 2026
Est. Refi. Payment $4,316/mo*
Refinance Your Home

$629,600

Trulia Estimate
as of Jul 10, 2026
Est. Refi. Payment $4,316/mo*
Refinance Your Home
7 Beds
4 Baths

Local Information

  • Map ViewExplore the area around 370 Algona Ave.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Description

Investment opportunity!!This 4-unit property boasts positive cash flow, making it a great addition to any portfolio. Each unit is meticulously maintained and fully occupied, ensuring a steady stream of income. With a convenient location, strong rental history, and potential for further growth. Don't miss out on this turnkey investment gem!
370 Algona Ave, Elgin, IL 60120 is a 7 bedroom, 4 bathroom multi-family in Northeastern Elgin, built in 1934. It last sold for the $580,000 asking price on Jun 24, 2024. More recently, it was listed as a rental in August 2021 with an asking price of $850 per month. That rental listing was removed on September 16, 2021. It is currently off market. The Trulia Estimate is $629,600, with a rent estimate of $2,092/month.

Home Highlights

Parking
5 Car Garage
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
No Info
Listed
180+ days ago

Home Details for 370 Algona Ave

Active Status

MLS Status: Closed

Interior Features

Interior Details
Basement: Unfinished,FullNumber of Rooms: 16
Beds & Baths
Number of Bedrooms: 7Number of Bathrooms: 4Number of Bathrooms (full): 4
Heating & Cooling
Heating: Natural Gas,RadiantHas HeatingHeating Fuel: Natural Gas
View
No View

Exterior Features

Parking & Garage
Number of Garage Spaces: 5Number of Covered Spaces: 5Has a GarageHas an Attached GarageParking Spaces: 5Parking: On Site,Garage Owned,Attached,Garage
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer

Property Information

Year Built
Year Built: 1934Year Renovated: 2023
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Construction Materials: OtherNot a New ConstructionHas Additional Parcels
Property Information
Parcel Number: 0612330016Additional Parcels Description: 0612330019, 0612330017

Price & Status

Price
List Price: $580,000
Status Change & Dates
Off Market Date: Thu May 16 2024Possession Timing: Subject To Tenant Rights

Location

Direction & Address
City: Elgin
School Information
Elementary School District: 46Jr High / Middle School District: 46High School District: 46

Listing Info

Special Conditions: None

Offer

Listing Terms: Conventional

Business

Business Information
Ownership: Fee Simple

Miscellaneous

BasementMls Number: 12048550

Additional Information

Source Internet Entire Listing DisplayMRD REMARKSINTERNET: YesSource Internet Address Display
Last check for updates: about 17 hours ago
Listed by Jose Herrera, (847) 495-5000
HomeSmart Connect
Asaf Arevalo, (847) 463-0127
HomeSmart Connect LLC
Bought with: Sharon Lee Zumstein, (224) 645-2574, Century 21 S.G.R., Inc.
Source: MRED as distributed by MLS GRID, MLS#12048550

Price History for 370 Algona Ave

DatePriceEventSource
06/24/2024$580,000Sold
MRED as distributed by MLS GRID #12048550
05/16/2024$580,000ContingentMRED as distributed by MLS GRID #12048550
05/10/2024$580,000Listed For SaleMRED as distributed by MLS GRID #12048550
03/14/2023$385,000Sold
MRED as distributed by MLS GRID #11679536
12/19/2022$430,000ContingentMRED as distributed by MLS GRID #11679536
12/09/2022$430,000Listed For SaleMRED as distributed by MLS GRID #11679536
09/16/2021ListingRemovedZillow Rental Manager
08/28/2021$850Listed For RentZillow Rental Manager
07/23/2021ListingRemovedZillow Rental Manager
07/16/2021$875Listed For RentZillow Rental Manager
03/24/2021ListingRemovedN/A
08/23/2019$750ListingRemovedN/A
08/15/2019$750Listed For RentN/A
04/25/2017$625ListingRemovedN/A
04/14/2017$625Listed For RentN/A
01/14/2016$750ListingRemovedN/A
01/04/2016$750Listed For RentN/A

Market trends in Elgin

Last updated May 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$313K
$11.67KMoM
Sale-to-List Price
99.6%
Price per sq ft
$206
$3MoM
Available listings
234
30MoM
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Property Tax and Assessment

Year2024
Tax$10,971
Assessment$411,249
Home facts updated by county records

Comparable Sales for 370 Algona Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
356-358 N Spring St, Elgin, IL
0.47
Multi-Family Home
$393,933
09/26/25
6
3
-
262 N Spring St #64, Elgin, IL
0.56
Multi-Family Home
$575,000
11/24/25
11
4
-
376 Jefferson Ave, Elgin, IL
0.05
Multi-Family Home
$295,000
12/22/25
3
2
-
258-260 Ann St, Elgin, IL
0.41
Multi-Family Home
$235,000
04/21/26
6
2
-
252 Jefferson Ave, Elgin, IL
0.21
Multi-Family Home
$290,000
07/18/25
4
2
-
920 Augusta Ave, Elgin, IL
0.34
Multi-Family Home
$360,000
04/28/26
4
2
-
392 Plum Ct, Elgin, IL
0.13
Multi-Family Home
$200,000
11/21/25
3
2
-
408 E Chicago St, Elgin, IL
0.81
Multi-Family Home
$515,000
05/06/26
6
4
-
265 Center St, Elgin, IL
0.51
Multi-Family Home
$285,000
12/04/25
4
3
-

Nearby homes

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Assigned Schools

These are the assigned schools for 370 Algona Ave.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Northeastern Elgin
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Northeastern Elgin

At least 27 Trulia users voted on each feature.

  • 97 % Say there are sidewalks

  • 84 % Say it's dog friendly

  • 77 % Say parking is easy

  • 77 % Say yards are well-kept

  • 76 % Say streets are well-lit

  • 74 % Say kids play outside

  • 70 % Say there's holiday spirit

  • 69 % Say car is needed

  • 65 % Say it's walkable to restaurants

  • 64 % Say people would walk alone at night

  • 59 % Say it's quiet

  • 56 % Say they plan to stay for at least 5 years

  • 55 % Say it's walkable to grocery stores

  • 53 % Say there's wildlife

  • 45 % Say neighbors are friendly

  • 35 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Maya S.
    "Many families with children. Parents help Watch all kids. Right on bus line. Close to I-90. Grocery stores are nearby and lots of parks for kids to play at. "
    7
    Flag
  • Tarantula.paul
    "There are no fences allowed for big dogs and, no open off leash spaces, but there are a couple on leash parks around."
    0
    Flag
  • Gavina777
    "Very family oriented, safe, and great neighbors. Easy access to route 90. Also, not a lot of traffic or cars on the street. "
    3
    Flag
  • Stormyjl
    "The street parking from other neighbors in front of our house was terrible! Too much noise and drama "
    1
    Flag
  • scruz
    "Live here. Quiet and friendly neighbors. Very clean area."
    1
    Flag
  • historicelgin
    "Everyone loves our neighborhood! We have an organized neighborhood association and many friendly neighbors who host weekly get togethers in the summer. Many neighbors are active in the community and are long time residents. Caring neighbors, historic homes, and true friendliness make this the neighborhood many people aspire to move to. The amenities include a community built play park at McKinley School, easy access to the bike path, close to downtown with wonderful ethnic restaurants, close to The Centre (Elgin's rec center), 10 minutes from Metra trains into Chicago, 5 minutes from a library that garnered the top national library award last year. "
    0
    Flag
  • Carlos R.
    "I have visit this area and stay around, so I recommend this area because is safe, Nice people, Good for families with kids, for couples and for any retiree"
    4
    Flag

LGBTQ Local Legal Protections

Apartments for Rent

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Explore by feature - Pet Friendly

22 pet-friendly rentals in Elgin, IL

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Explore by feature - Outdoor Space

8 rentals with an outdoor space in Elgin, IL

Homes for sale near 370 Algona Ave

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Off Market Homes Near 370 Algona Ave

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Based on information submitted to the MLS GRID as of 2026. 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. Click here for more information