472 N Spring Street, Elgin, IL 60120

Elgin
Local realty services provided by:ERA Naper Realty
472 N Spring Street,Elgin, IL 60120
$420,000
  • 6 Beds
  • 2 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: kevin williams
Office: homesmart connect
MLS#:12704270
Source:MLSNI

Price summary

  • Price:$420,000

About this home

Great Turnkey Investment Opportunity located in historic district just north of rapidly developing downtown Elgin. Remodel in 2020 included 2 new eat-in kitchens with granite countertops & new appliances, new bathrooms, all new gas forced-air HVAC system with new central air conditioning units, furnaces, and hot water heaters. New roof on house & garage along with all copper pipes replacing old galvanized also in 2020. Large 2-story detached 1200sf garage currently used for owner's storage is potential 3rd unit coach house development or can be rented to tenants now for indoor parking income. Separately metered gas & electric. Coin-operated commercial washer & dryer in basement shared by both units provides extra income. Second floor tenants maintain lawn and bushes and are responsible for snow removal in exchange for $60/month reduction in rent which is reflected in adjusted Unit 2 current lease amount of $1,640/month. Both apartments are currently leased - start out with strong...

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Home facts

  • Listing ID #:12704270
  • Updated:July 20, 2026 at 11:14 AM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:2
  • Full bathrooms:2
  • Rooms Total:10
  • Basement Description:Full, Unfinished

Heating and cooling

  • Heating:Forced Air, Natural Gas

Structure and exterior

  • Roof:Asphalt
  • Lot area:0.2 Acres
  • Foundation Description:Concrete Perimeter

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$420,000
  • Tax amount:$7,406 (2025)

Features and amenities

  • Amenities:Multiple Water Heaters, Sump Pump, TV-Cable

Parking

  • Total parking spaces:4
  • Parking description:Detached Garage, Driveway, Garage
  • Garage:Yes
  • Garage spaces:2
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