1 of 52 - 262-64 Spring Street, Elgin, IL Save the listing
2 of 52 - 262-64 Spring Street, Elgin, IL
3 of 52 - 262-64 Spring Street, Elgin, IL
4 of 52 - 262-64 Spring Street, Elgin, IL
5 of 52 - 262-64 Spring Street, Elgin, IL
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262-64 Spring Street, Elgin, IL

$595,000

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11

Beds

4

Baths

0.20

Acres

About 262-64 Spring Street

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!

Features of 262-64 Spring Street

MLS® # 12432935
Price $595,000
Bedrooms 11
Bathrooms 4.00
Acres 0.20
Year Built 1920
Type Residential Income
Sub-Type Two to Four Units
Style American 4-Sq.
Status Contingent

Community Information

Address 262-64 Spring Street
Area Elgin
City Elgin
County Kane
State IL
Zip Code 60120

Amenities

Parking Spaces 11
Parking Assigned, Unassigned, Guest, Parking Lot, On Site, Owned
Is Waterfront No
Has Pool No

Interior

Heating Natural Gas, Forced Air
Fireplace No
Has Basement Yes
Basement Unfinished, Full

Exterior

Exterior Frame, Stucco
Roof Asphalt
Foundation Concrete Perimeter

School Information

District 46
Elementary Ronald D O'Neal Elementary Schoo
Middle Kimball Middle School
High Larkin High School

Additional Information

Days on Market 91
Zoning MULTI
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeHomeSmart Connect
Contact Info847-495-5000

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Listing information last updated on October 30th, 2025 at 6:08pm CDT.