262-64 Spring ST new Save Request In-Person Tour Request Virtual Tour
Elgin,IL 60120
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12432935
Style American 4-Sq.
Bedrooms 11
Year Built 1920
Annual Tax Amount $8,312
Tax Year 2024
Lot Size 8,712 Sqft
Property Sub-Type Two to Four Units
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!
Location
State IL
County Kane
Area Elgin
Zoning MULTI
Interior
Heating Natural Gas,Forced Air
Equipment Water Heater-Gas
Exterior
Community Features Curbs
Roof Type Asphalt
Building
Dwelling Type Two to Four Units
Building Description Frame,Stucco, No
Sewer Public Sewer
Water Public
Structure Type Frame,Stucco
New Construction false
Schools
Elementary Schools Ronald D O'Neal Elementary Schoo
Middle Schools Kimball Middle School
High Schools Larkin High School
School District 46 ,46, 46
Others
Special Listing Condition None