422 Locust St, Elgin, IL 60123
Property image
Property image
SOLD
OCT 6, 2025

422 Locust St
Elgin, IL 60123

Near West Elgin
  • 3 Beds
  • 3 Baths

$375,500

Last Sold: Oct 6, 2025
3% below list $389K
Est. Refi. Payment $2,635/mo*
Refinance Your Home

$375,500

Last Sold: Oct 6, 2025
3% below list $389K
Est. Refi. Payment $2,635/mo*
Refinance Your Home
3 Beds
3 Baths

Local Information

  • Map ViewExplore the area around 422 Locust St.
  • Schools2 Preschool Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Description

Welcome to 422 Locust Street, a beautifully updated two-unit property located in the heart of Elgin. This turnkey building presents a rare opportunity for both owner-occupants and investors, offering thoughtful upgrades throughout and strong rental potential. Unit 1 features a spacious and unique two-story layout with a private entrance, giving the feel of a single-family home. It includes three oversized bedrooms, two updated bathrooms, a modern kitchen with brand new waterproof luxury vinyl plank flooring, and upgraded lighting throughout. Unit 2 is a fully remodeled studio with its own private entrance, showcasing quartz countertops, smart appliances, waterproof LVP flooring, and a contemporary bathroom-making it an ideal high-end rental. Both units will be delivered vacant at closing, providing maximum flexibility to rent at current market rates or to house hack. The property has been meticulously maintained and thoughtfully improved with major upgrades, including a new water heater (2024), a high-efficiency Carrier HVAC system with a two-stage gas furnace (2022), a Nest thermostat, Aprilaire humidifier, newer windows, and a freshly built and painted wraparound porch. The exterior features a freshly blacktopped driveway, a detached three-car garage, and an additional ten parking spaces-offering rare and valuable off-street parking for tenants or guests. The full basement includes laundry, extra storage, and a separate exterior entrance, creating a value-add opportunity for future living space or rental income. Rental comps in the area demonstrate strong upside potential. Unit one: MLS #12286435, a 3BD/1BA property, rented for $2,000 in just 22 days, while MLS #12281539, a 3BD/1BA with only a one-car garage, supports similar pricing. Unit 2: For the studio unit, MLS #12198381 rented at $995 with no garage, driveway, or privacy, and MLS #12065176 rented in just 26 days without parking. COMPETITIVE ADVANTAGE: the units at 422 Locust Street offer more modern finishes, private entrances, ample off-street parking, 3 CAR GARAGE with potential to be rented and overall better value-suggesting even higher rental potential. Located near downtown Elgin, Grand Victoria Casino, Metra, I-90, shops, and restaurants, this property offers both convenience and long-term value. With excellent projected rental income and flexible occupancy options, this is a prime opportunity to own a well-maintained, income-producing property in a desirable and growing market.
422 Locust St, Elgin, IL 60123 is a 3 bedroom, 3 bathroom multi-family in Near West Elgin. It last sold for $375,500 on Oct 6, 2025 (3% below the $389,000 asking price). That rental listing was removed on July 7, 2015. It is currently off market. The Trulia Estimate is $414,100, with a rent estimate of $1,944/month.

Home Highlights

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

Home Details for 422 Locust St

Active Status

MLS Status: Closed

Interior Features

Interior Details
Basement: Unfinished,FullNumber of Rooms: 8
Beds & Baths
Number of Bedrooms: 3Number of Bathrooms: 3Number of Bathrooms (full): 3
Heating & Cooling
Heating: Natural GasHas HeatingHeating Fuel: Natural Gas
View
No View
Security
Security: Carbon Monoxide Detector(s)

Exterior Features

Exterior Home Features
Roof: AsphaltPatio / Porch: PorchFoundation: Stone
Parking & Garage
Number of Garage Spaces: 3Number of Covered Spaces: 3Has a GarageNo Attached GarageParking Spaces: 3Parking: No Garage,On Site,Garage Owned,Detached,Garage
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer

Property Information

Year Built
Year Renovated: 2022
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Construction Materials: Vinyl SidingNot a New Construction
Property Information
Parcel Number: 0614409026

Price & Status

Price
List Price: $389,000
Status Change & Dates
Off Market Date: Fri Sep 05 2025Possession Timing: Close Of Escrow

Location

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

Lot Information

Lot Area: 9000 sqft

Listing Info

Special Conditions: None

Offer

Listing Terms: VA

Business

Business Information
Ownership: Fee Simple

Miscellaneous

BasementMls Number: 12463784

Additional Information

Source Internet Entire Listing DisplayMRD REMARKSINTERNET: YesSource Internet Address Display
Last check for updates: about 11 hours ago
Listed by Valeria Sanchez, (630) 940-6658
MPower Residential Brokerage LLC
Bought with: Jimary Lopez, (224) 795-2521, Perillo Real Estate Group
Source: MRED as distributed by MLS GRID, MLS#12463784

Price History for 422 Locust St

DatePriceEventSource
10/06/2025$375,500Sold
MRED as distributed by MLS GRID #12463784
09/06/2025$389,000PendingMRED as distributed by MLS GRID #12463784
09/04/2025$389,000Listed For SaleMRED as distributed by MLS GRID #12463784
09/01/2025$389,000ListingRemovedMRED as distributed by MLS GRID #12441963
08/08/2025$389,000Listed For SaleMRED as distributed by MLS GRID #12441963
07/31/2025$389,000ListingRemovedMRED as distributed by MLS GRID #12413890
07/15/2025$389,000PriceChange
MRED as distributed by MLS GRID #12413890
07/08/2025$399,000Listed For SaleMRED as distributed by MLS GRID #12413890
07/08/2025$425,000ListingRemovedMRED as distributed by MLS GRID #12407459
06/30/2025$425,000Listed For SaleMRED as distributed by MLS GRID #12407459
06/30/2025$450,000ListingRemovedMRED as distributed by MLS GRID #12401471
06/23/2025$450,000Listed For SaleMRED as distributed by MLS GRID #12401471
06/23/2025$469,000ListingRemovedMRED as distributed by MLS GRID #12398445
06/19/2025$469,000Listed For SaleMRED as distributed by MLS GRID #12398445
03/23/2022ListingRemovedRE/MAX International
12/03/2021$257,000ContingentMRED as distributed by MLS GRID #11259900
11/29/2021$257,000PendingRE/MAX International #11259900
11/29/2021$257,000ContingentMRED as distributed by MLS GRID #11259900
11/01/2021$257,000PriceChange
MRED as distributed by MLS GRID #11259900
08/27/2021$260,000Listed For SaleMRED as distributed by MLS GRID #11202597
04/01/2019$191,468Sold
MRED as distributed by MLS GRID #10147997
01/22/2019$199,900PendingAgent Provided
01/04/2019$199,900PendingToActiveAgent Provided
12/19/2018$199,900PendingAgent Provided
12/03/2018$199,900Listed For SaleAgent Provided
07/07/2015$1,600ListingRemovedAgent Provided
05/31/2006$145,500Sold
N/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$5,908
Assessment$251,229
Home facts updated by county records

Comparable Sales for 422 Locust St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
572 Walnut Ave, Elgin, IL
0.34
Multi-Family Home
$327,500
07/18/25
3
3
-
330 W Highland Ave, Elgin, IL
0.26
Multi-Family Home
$435,000
12/03/25
4
3
-
518 South St, Elgin, IL
0.20
Multi-Family Home
$455,000
01/20/26
5
3
-
208 Moseley St, Elgin, IL
0.20
Multi-Family Home
$448,000
06/09/26
6
3
-
39 Leonard St, Elgin, IL
0.28
Multi-Family Home
$345,000
08/15/25
5
2
-
624 South St, Elgin, IL
0.31
Multi-Family Home
$390,000
12/31/25
4
2
-
327 Billings St, Elgin, IL
0.41
Multi-Family Home
$288,000
11/05/25
5
3.5
-
532 South St, Elgin, IL
0.22
Multi-Family Home
$660,000
04/14/26
8
4
-

Nearby homes

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Assigned Schools

These are the assigned schools for 422 Locust St.
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

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

What Locals Say about Near West Elgin

At least 26 Trulia users voted on each feature.

  • 96 % Say there are sidewalks

  • 86 % Say it's dog friendly

  • 78 % Say it's walkable to restaurants

  • 78 % Say yards are well-kept

  • 78 % Say parking is easy

  • 78 % Say car is needed

  • 74 % Say there's holiday spirit

  • 71 % Say kids play outside

  • 66 % Say streets are well-lit

  • 54 % Say they plan to stay for at least 5 years

  • 54 % Say it's walkable to grocery stores

  • 54 % Say people would walk alone at night

  • 44 % Say there's wildlife

  • 42 % Say neighbors are friendly

  • 33 % Say there are community events

  • 33 % Say it's quiet

Sourced by Trulia users. Learn more about our methodology.
  • Jordan S.
    "Certain parts of Elgin are great then small parts not so much but I give it a 8 out of 10 for also the lack of transportation."
    6
    Flag
  • Rebecca P.
    "Some of the streets are high traffic areas. Several families in the neighborhood. Near an elementary and middle school. There’s a nearby park and a playground at the school. "
    0
    Flag
  • Latonya J.
    "I dont really care for animals at all. And I wish that they would clean and pick up at their dogs and keep it clean "
    3
    Flag
  • Latonya J.
    "Ppl cleaning up after their dogs and be a lil more friendly. Pls and thank you and everybody would not dirty up the area and keep clean "
    0
    Flag
  • Yvonne B.
    "The traffic and new street designs are crazy. McLean and rt20 is a death trap! The center media on McLean and Lillian one way is difficult to reach stores"
    0
    Flag
  • Rebecca P.
    "I’ve lived in this neighborhood for three years and I’m quite comfortable with my neighbors. Despite living just around the corner from the fire department it’s reasonably quiet. It’s within walking distance to downtown restaurants, the park, rec center and community theater. "
    1
    Flag
  • 208 W.
    "Lots of family owned businesses. Great neighbors! Close to public and private schools. Close to many forms of transportation (highways, train station, bike path, bus stops)."
    0
    Flag

LGBTQ Local Legal Protections

Apartments for Rent

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Explore by feature - Pet Friendly

22 pet-friendly rentals in Elgin, IL

Explore by feature - Garage

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Explore by feature - Outdoor Space

8 rentals with an outdoor space in Elgin, IL

Homes for sale near 422 Locust St

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Off Market Homes Near 422 Locust St

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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