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Sold on 09/18/2025
Andy Walton of HomeSmart Connect

262-64 Spring St, Elgin, IL 60120

  • $575,000

    Last sold 09/18/2025 after 48 Days

  • 11

    bed

  • 4

    bath

Multi-family not for sale
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About 262-64 Spring St

Property type Multi-family
Neighborhood
Year built 1920
HOA fee $0/month
Lot size 8,712 Sqft
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!
Listed by
Listing Agent - Andy Walton
Listing Office - HomeSmart Connect
Source: MRED mls logo
MLS#12432935 • last updated 7 months ago
Movoto checked MRED for data 3 minutes ago
Overview
Levels/Style American 4-Sq.
MLS # 12432935
Virtual Tour N/A
SubType 4 Flat
Status Closed
Type Two To Four Units
Lot Size (Acres) 0.2
Property Tax $ 8312
Year Built 1920
Interior
Total # of Rooms 22
Exterior
Foundation Concrete Perimeter
Roof Asphalt
Lot Desc Less Than 0.25 Acre
Amenities / Utilities
Sewer/ Septic Desc Public Sewer
Water Source Public
Other Equipment Water Heater-Gas
# Units in Building 4
Location
Area Elgin
County Kane
Community Features Curbs
Elementary School Ronald D O'Neal Elementary Schoo
Elementary School District 46
High School Larkin High School
Middle School District 46
Middle School Kimball Middle School
High School District 46
APN 614238015
Zoning MULTI
Directions Rt 31 To Kimball East To Spring Street North
Multifamily Details
Expense: Insurance 8419
We are not permitted to show value estimates for this property.
  • Nov 2025
    mls logo MLS # 12432935
  • Nov 24, 2025 Sold
    $575,000 (-3.4%)
  • Aug 13, 2025 Active
    —
  • Aug 1, 2025 Listed
    $595,000 (+138.0%)
  • Oct 2008
    mls logo MLS # 06836672
  • Oct 30, 2008 Sold
    $250,000 (-0.8%)
  • Mar 21, 2008 Listed
    $252,000 (-36.2%)
  • Mar 2008
    mls logo MLS # 06422427
  • Mar 12, 2008 Cancelled
    —
  • Feb 27, 2007 Listed
    $395,000 (-16.8%)
  • Jan 2007
    mls logo MLS # 06202163
  • Jan 3, 2007 Expired
    —
  • Jul 8, 2006 Listed
    $475,000
  • 262-64 Spring St
    $575K
  • Northeast Elgin
    $384K +29% y/y
  • 60120
    $309K +1% y/y
  • Elgin
    $475K +18% y/y
No chart available
Statistics calculated by Movoto

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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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