IL
Kane
Elgin
60120
262-64 Spring Street
262-64 Spring Street, Elgin, IL 60120
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Listing Type
Multi Family
Listing Status
contingent
52
$595,000

Home Details for 262-64 Spring Street

Price
$595,000
Type
Residential Income
Bedrooms
11
Bathrooms
4.0
Square feet
NaN
Year built
1920
Lot size acres
0.2
County
Kane
Total rooms
22
Garage
Basement
Unfinished, Full
Days on site
52
MLS Listing#
12432935
Property Description

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!

Property Features
  • Parking
    • Assigned
    • Unassigned
    • Guest
    • Parking Lot
    • On Site
  • Heating Information
    • Natural Gas
    • Forced Air
  • Basement
    • Unfinished
    • Full
  • Water Features
    • Public
School Information
School Information for 262-64 Spring Street, Elgin, IL 60120
Elementary School
Ronald D O'Neal Elementary Schoo
Middle School
Kimball Middle School
High School
Larkin High School
Listing Courtesy: HomeSmart Connect - 847-495-5000
Midwest Real Estate Data logo Based on information submitted to the MLS GRID as of 2025-09-20 15:15:23. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last Updated: 2025-09-20 15:15:23
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EXIT REALTY 365
22000 North Pepper Rd, Barrington, IL 60010
Office
847 842 2200
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