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$595,000

Est. payment - /mo

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11 Beds

4 Baths

8,712 Sqft Lot

New

262-64 Spring ST Elgin, IL 60120

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Park Place Realty Group LLC

info@parkplacerealtyllc.com +1(708) 722-5106

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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

Lot Dimensions 132 X 67

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

Rooms

Basement Unfinished, Full

Interior

Heating Natural Gas, Forced Air

Equipment Water Heater-Gas

Fireplace N

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

Ownership Fee Simple

Special Listing Condition None

Listed by Andy Walton • HomeSmart Connect

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Park Place Realty Group LLC

Broker | License ID: 888222

+1(708) 722-5106