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$ 420,000
Est. payment /mo
New
472 N Spring ST Elgin, IL 60120
6 Beds
2 Baths
8,712 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12704270
Bedrooms 6
Annual Tax Amount $7,406
Tax Year 2025
Lot Size 8,712 Sqft
Lot Dimensions 133 X 67 X 133 X 66
Property Sub-Type Two to Four Units
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.
Location
State IL
County Kane
Area Elgin
Rooms
Basement Unfinished, Full
Interior
Heating Natural Gas, Forced Air
Equipment TV-Cable, Sump Pump, Multiple Water Heaters, Water Heater-Gas
Fireplace N
Exterior
Garage Spaces 2.0
Roof Type Asphalt
Building
Dwelling Type Two to Four Units
Building Description Other, No
Sewer Public Sewer
Water Public
Structure Type Other
New Construction false
Schools
School District 46 , 46, 46
Others
Ownership Fee Simple
Special Listing Condition None
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Kevin Williams of HomeSmart Connect