262-64 Spring Street, Elgin, IL 60120

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#1#2#3
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

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Home facts

  • Year built:1920
  • Listing Id #:12432935
  • Added:17 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)
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