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262-64 Spring Street, 
Elgin, IL 60120

$595,000


11

Beds


4

Baths


-

Sq Ft


Multi-Family

Active

Listed by

Andy Walton

Noel Walton

Homesmart Connect

Last updated:

August 4, 2025, 10:40 PM

MLS#

12432935

Source:

MLSNI

About This Home

262-64 Spring Street

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!

Home Facts

Multi-Family

4 Baths

11 Bedrooms

Built in 1920

Price Summary

595,000

MLS #:

12432935

Last Updated:

August 4, 2025, 10:40 PM

Added:

4 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

11

Bathrooms

Total Bathrooms:

4

Full Bathrooms:

4


Structure

Structure

Architectural Style:

American 4-Square

Year Built:

1920


Lot

Lot Size (Sq. Ft):

8,712


Finances & Disclosures

Finances

Price:

$595,000

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