262-64 Spring Street, Elgin, IL 60120
Local realty services provided by:Better Homes and Gardens Real Estate Connections
262-64 Spring Street,Elgin, IL 60120
$595,000
- 11 Beds
- 4 Baths
- - sq. ft.
- Multi-family
- Pending
Listed by:andy walton
Office:homesmart connect
MLS#:12432935
Source:MLSNI
Price summary
- Price:$595,000
About this home
Excellent Investment Opportunity - Fully Leased 4-Unit Building in Prime Elgin Location! Spacious and well-maintained, this fully occupied multi-unit property is an ideal addition to any investor's portfolio. All four units are currently leased, generating immediate rental income. Three of the units feature updated kitchens and bathrooms, providing modern comfort for tenants. Recent mechanical and structural updates offer peace of mind: TWO NEW FURNACE UNITS installed in October 2024, Two hot water heaters - 40-gallon (installed Dec 2022) & 50-gallon (installed Dec 2011). Building exterior painted, plus new gutters and downspouts (2021) and driveway/parking lot sealed (2025). The property includes two separate basement areas: One basement provides community storage for tenants and houses a coin-operated laundry (1 washer & 1 dryer) and the second basement is secured for landlord use, perfect for storage or a workshop. Ample off-street parking with 11 total spaces, 2 reserved per unit and 3 visitor spots. Conveniently located within walking distance to Gail Borden Library, Hemmens Cultural Center, Elgin Recreation Center, the scenic Fox River, and all the vibrant offerings of Downtown Elgin. Don't miss out on this great investment opportunity!
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Home facts
- Year built:1920
- Listing Id #:12432935
- Added:13 day(s) ago
- Updated:August 13, 2025 at 07:45 AM
Rooms and interior
- Bedrooms:11
- Total bathrooms:4
- Full bathrooms:4
Heating and cooling
- Heating:Forced Air, Natural Gas
Structure and exterior
- Roof:Asphalt
- Year built:1920
- Lot area:0.2 Acres
Schools
- High school:Larkin High School
- Middle school:Kimball Middle School
- Elementary school:Ronald D O'Neal Elementary Schoo
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$595,000
- Tax amount:$8,312 (2024)
Copyright 2025 Midwest Real Estate Data LLC. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Listing information is deemed reliable but not guaranteed.New listings near 262-64 Spring Street
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