Backup offers
$2,850 Closing Credit¹
#12361559, Naomi Campbell, Listing office: Coldwell Banker Realty
$224,900 List price
566 Raymond St Elgin, IL 60120
$2,671
Closing credit¹
5 beds
3 baths
0.3 acres
House
Property details
About 566 Raymond St
Charming Two-Unit 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*
Highlights
Home typeResidential
HeatingNatural Gas
StatusActive
(New)
(New)
BasementYes
Lot size0.25 Acres
Year built1900
ParkingOn Site, Garage Owned, Detached, Garage
MLS #12393215
Garage1 space
Summary
- Basement: Yes
- Total Bedroom Count: 5
- Garage Space: 1 space
- Parking: On Site, Garage Owned, Detached, Garage
- Heating: Natural Gas
- List Price: $224,900
- Annual Tax Amount: $4,065
- Tax Year: 2023
- Lot: Corner Lot
- Directions: Rte. 31 North (State St.) To National St. East, to Raymond St. South, to the property
- Year Built: 1900
- Lot Size: 0.25 Acres
- MLS Number: 12393215
- MLS Name: MRED
- Office Name: Zamudio Realty Group
- Office Phone: (847) 608-6600
- Office Email: esther@zamudiorealtygroup.com
- Listing Agent: Esther Zamudio
Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.
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$224,900
566 Raymond St
$2,671
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $55,687 | $4,065 |
| 2022 | $47,206 | $3,573 |
| 2021 | $44,134 | $3,402 |
| 2020 | $42,133 | $3,295 |
| 2019 | $40,134 | $3,144 |
| 2018 | $37,809 | $3,059 |
| 2017 | $35,743 | $3,059 |
History based on county public records data.
Nearby schools
2
Garfield Elementary School
Public District KG-6
0.1 mi
•420 May St
5
Huff Elementary School
Public District KG-6
0.6 mi
•801 Hastings St
3
Lowrie Elementary School
Public District KG-6
0.6 mi
•264 Oak St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $58,913. The majority of Elgin, IL residents have income between $35k-100k annually. Typical family type is married, with kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
17%
<35k
72%
35k-100k
10%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
24%
Single, No Kids
16%
Single, with Kids
19%
Married, No Kids
41%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
21%
<11 yrs old
12%
12-17 yrs old
29%
18-34 yrs old
34%
35-64 yrs old
4%
65+ yrs old
What do the neighbors do for fun?
Basketball
Soccer
Mexican League Soccer
Where do the neighbors shop?
Ross Dress For Less
Burlington
Books-a-Million
Where do the neighbors go to eat?
Jasons Deli
Wingstop
Church's Chicken
What do the neighbors drive?
Acura
Nissan
Chevrolet
What do the neighbors listen to?
Rhythmic Contemporary Hits
Christian Adult Contemporary
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
Living in Elgin, IL
Elgin's transport infrastructure includes a variety of options for both private and public transit. The city's road network facilitates easy commuting and travel, with access to major highways. Public transportation services are available, with schedules designed to accommodate the needs of residents. The community also features areas with high walkability, and there are initiatives to enhance bikeability across the city. Ride-sharing services are present, providing additional transportation options for the community.
The community benefits from a solid educational system, with numerous public and private schools providing a range of educational opportunities. Elgin is home to several healthcare facilities, offering services that include urgent care, primary care, and specialized medical treatments. The city also features a network of public libraries and a variety of retail and dining options that showcase the local culture. City initiatives are in place to continually improve services to meet the evolving needs of Elgin's diverse population.
Elgin is celebrated for its rich cultural heritage and community spirit. The city prides itself on its vibrant downtown area, which serves as a hub for local events and festivals that reflect the community's diverse cultural identity. The presence of historical buildings and landmarks contributes to the unique character of Elgin, offering residents and visitors a glimpse into the city's storied past.
Elgin offers a diverse housing market with a blend of historical and contemporary architectural styles. The housing landscape features a selection of single-family homes, which are prevalent, alongside a mix of apartments and townhouses that cater to various preferences. The architectural styles range from Victorian and Colonial to modern constructions, with a significant portion of homes built in the late 20th century. The homeownership rate in Elgin is robust, with a substantial majority of residents owning their homes, while a smaller percentage are renters.
About 566 Raymond St
The listing price of 566 Raymond St property is $224,900.
The property 566 Raymond St is a house located in Elgin, Illinois, 60120.
Active Listing: 566 Raymond St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 566 Raymond St are: Garfield Elementary School (GreatSchools Rating 2/10), Huff Elementary School (GreatSchools Rating 5/10), Lowrie Elementary School (GreatSchools Rating 3/10), Ellis Middle School (GreatSchools Rating 4/10), Kenyon Woods Middle School (GreatSchools Rating 5/10), Abbott Middle School (GreatSchools Rating 1/10), Elgin High School (GreatSchools Rating 3/10), South Elgin High School (GreatSchools Rating 5/10), Larkin High School (GreatSchools Rating 2/10).
According to the records, the last property tax for 2023 is $4,065 (source: MLS/based on county public records data).
The property at 566 Raymond St has 5 bedrooms and 3 bathrooms.
The year of construction for 566 Raymond St is 1900.
This home is located at 566 Raymond St in Elgin, IL and zip code 60120. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since June 16, 2025 and is currently priced at $224,900.
Over 50 listings were sold over their listed price in May 2025 in Elgin, IL. In the same period over 41 listings were sold below the listed price and 18 listings were sold for the listed price. The number of homes for sale in Elgin, IL increased by 8.7% between April and May 2025. In May 2025, listings were on the market for 17 days. During the same period, the median list price in this real estate market was $335,003.
From Rocket Homes Real Estate and based on county public records data.