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Sold on 11/27/2017
Michelle Lawler of GC Realty and Development

255 N Spring St, Elgin, IL 60120

  • $410,000

    Last sold 11/27/2017 after 105 Days

  • 9

    bed

  • 5

    bath

Multi-family not for sale
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About 255 N Spring St

Property type Multi-family
Neighborhood
Year built 1914
HOA fee $0/month
Lot size 10,775 Sqft
Property description
Well maintained income producing 7 unit building priced to sell. Most units have been updated. Newer boiler and roof and updated electrical. Onsite laundry room, storage areas, 11 parking spaces to accommodate tenants. Small outside storage garage currently being used by tenant in exchange for landscaping maintenance. Close to downtown elgin, shopping and casino. Serious buyers only. 48 hour notice required for showings.
Listed by
Listing Agent - Michelle Lawler
Listing Office - GC Realty and Development
Source: MRED mls logo
MLS#09720787 • last updated 8 years ago
Movoto checked MRED for data 8 minutes ago
Overview
Cooling/AC None
Levels/Style 2
MLS # 9720787
Type Multi Family 5+
Lot Size (SqFt) 10775
Property Tax $ 12020
Year Built 1914
Interior
# Of Full Bthrms - Type 2 2
# Of Full Bthrms - Type 4 1
# Of Full Bthrms - Type 3 1
Basement Cellar
Exterior
Foundation Block, Concrete
Exterior Brick
# Of Parking Spaces 11
Amenities / Utilities
# Units in Building 7
Location
County Kane
Directions Route 31 To Kimball. E On Kimball To Spring. N Side Of Street
APN 613105011
Zoning MULTI
Multifamily Details
Unit 3: Total # of Rooms 4
Unit 1: Total # of Rooms 3
Unit 4: Total # of Rooms 7
Unit 2: Total # of Rooms 4
Unit 4: # of Bedrooms 4
Unit 3: # of Bedrooms 2
Unit 2: # of Bedrooms 2
Unit 1: # of Bedrooms 1
Tenant Pays Electric
Unit 1: # Full Bath 1
Expense: Electricity 404
Gross Rental Income 69240
Net Operating Income 40479
Total Annual Expense 16741
Gross Rent Multiplier 6.14
Expense: Fuel 2214
Total Annual Expense Source Actual
Expense: Water 3261
Expense: Insurance 2895
Total Annual Income 69240
Lot/ Land Details
Road Frontage City Street
Possible Use Residential-Multi-Family
Current Use Residential-Multi-Family
  • Nov 2017
    mls logo MLS # 09720787
  • Nov 28, 2017 Sold
    $410,000 (-3.5%)
  • Aug 28, 2017 Contingent
    —
  • Aug 14, 2017 Listed
    $425,000

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Nearby homes for sale in Elgin, IL

  • Real Estate
  • IL
  • Kane County
  • Elgin
  • 60120
  • 255 N Spring St
We are not permitted to show value estimates for this property.

Nearby recently sold homes in Elgin, IL

  • 255 N Spring St
    $410K
  • Northeast Elgin
    $299K 0% y/y
  • 60120
    $305K 0% y/y
  • Elgin
    $480K +12% y/y
No chart available
Statistics calculated by Movoto
3/10
Ronald D O'Neal Elementary School
public Grades K-6
School District U-46
2/10
Kimball Middle School
public Grades 7-8
School District U-46
2/10
Larkin High School
public Grades 9-12
School District U-46
Source: GreatSchools.org © 2026. All rights reserved.
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