IL
Kane
Elgin
60120
472 N Spring Street
472 N Spring Street, Elgin, IL 60120
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Listing Type
Multi Family
Listing Status
Active
16
$420,000

Home Details for 472 N Spring Street

Price
$420,000
Type
Residential Income
Bedrooms
6
Total Bathrooms
2
Lot size acres
0.2
County
Kane
Total rooms
10
Garage
2
Basement
Sump Pump, Unfinished, Full
MLS Listing#
12704270
Property Description

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 cash flow right away. Photos are from when both units were vacant prior to tenant occupancy.

Property Features
  • Parking
    • Detached
    • Driveway
    • Garage
  • Basement
    • Sump Pump
    • Unfinished
    • Full
  • Heating Information
    • Natural Gas
    • Forced Air
  • Water Features
    • Public
  • Utilities
    • Cable Available
Listing Courtesy: HomeSmart Connect - 847-495-5000
Midwest Real Estate Data logo Based on information submitted to the MLS GRID as of 2026-07-17 15:11:24. 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: 2026-07-17 15:11:24
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2775 Algonquin Rd Suite 350, Rolling Meadows, IL 60008
Office
773 250 7410
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