120-122 N Spring St

Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Amazing, rare opportunity to own a brick 6-unit building in the heart of downtown elgin! This well-maintained property features six spacious one-bedroom, one-bath units, with several units already updated. The exterior is in excellent condition, with the porch and tuckpointing completed within the last several years, along with newer windows throughout most of the building. Located in a prime downtown location directly across from the police station and just steps from City Hall, the library, The...Amazing, rare opportunity to own a brick 6-unit building in the heart of downtown elgin! This well-maintained property features six spacious one-bedroom, one-bath units, with several units already updated. The exterior is in excellent condition, with the porch and tuckpointing completed within the last several years, along with newer windows throughout most of the building. Located in a prime downtown location directly across from the police station and just steps from City Hall, the library, The Centre of Elgin, The Hemmens Auditorium, and bus and train stations. Enjoy easy access to all the shopping, dining, and entertainment that downtown Elgin has to offer! Tons of potential for this terrific investment property! All financial numbers are owner projections. There are now 4 vacant units in this building and this would likely need to be a cash transaction or creative financing.
  1. Listed by Matthew Lysien • Suburban Life Realty, Ltd
    P: (847)-309-6939 C: (847)-309-6939 lysienma@suburbanliferealty.com

Property Details for 120-122 North Spring Street

Area
Elgin
Township
Elgin
Air Conditioning Type
None
Zoning
MULTI
LISTING UPDATED: 03/20/2026 12:41 PM

Property Details for 120-122 North Spring Street

StatusNew
MLS #12589794
Days on Market5
Taxes$10,199 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Other
Year Built1920
Lot Size0.06 AC / 2,679 SF
CountyKane County

Location

Listing Courtesy of Suburban Life Realty, Ltd
Add your commute

Building Information for 120-122 North Spring Street

Stories3Residences6Year Built1920Building Size-Lot Size0.06 AC / 2,679 SF

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$3,733 per month

30 year fixed, 6.11% Interest

Principal and Interest

$2,883

Property Taxes

$850

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 120-122 North Spring Street

General Information
Addtl Parking Information
  • Outdoor Parking: 1-5 Spaces
Location and General Information
  • Frontage Type: City Street
  • Information: 24-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Basement Type: Unfinished, Exterior Entry
  • Air Conditioning: None
  • Heat/Ventilation: Hot Water,Radiators
  • # Of Refrigerators: 6
  • Num of Baths: 6.0
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity, Varies by Tenant
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Other
  • Lot Size Source: County Records
  • Lot Dimensions: 47X57
  • Lot Size Square Feet: 2679.0
  • Stories: 3
  • Construction: Brick
  • Roof Structure: Flat
  • Building Area Total: 4622
  • # Of Ranges: 6
  • Conversion: N
  • MRD_UNC: No
Property and Assessments
  • Possible Use: Multi-Family
  • Public Document Count: 0
  • Photos Count: 11
  • Deconversion: N
Miscellaneous
  • Current Use: Multi-Family
  • Land Amenities: Sidewalks
  • Location: In City Limits
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Electric Expense: $370.00
  • Fuel Expense: $970.00
  • Gross Income: $68,304.00
  • Gross Scheduled Income: $68,304.00
  • Insurance Expense: $2,400.00
  • Maintenance Expense: $7,250.00
  • Electric Expense Source: Owner Projection
  • Known Encumbrances: None Known
  • Expense Year: 2025
  • Total Annual Expense Source: Owner Projection
  • Fuel Expense Source: Owner Projection
  • Insurance Expense Source: Owner Projection
  • Janitor Expense: 0
  • Repairs-Decor Expense Source: Owner Projection
  • Trash Expense Source: Owner Projection
  • Total Monthly Income: 5692
  • Water Expense Source: Owner Projection
  • Net Operating Income: $42,856.00
  • Operating Expense: $25,448.00
  • Other Expense: $.00
  • Trash Expense: $1,080.00
  • Water Sewer Expense: $3,179.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 6
Unit 2
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 0
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 120-122 North Spring Street

DateEvent & SourcePriceAppreciation
Mar 16, 2026

Listed (Active)

MRED #12589794

$594,000
May 10, 2022

Sold

MRED #11291762

$423,000
Mar 4, 2022

Pending

MRED #11291762

Mar 3, 2022

Contingent

MRED #11291762

Mar 1, 2022

Listed (Active)

MRED #11291762

$480,000
Dec 27, 2021

Contingent

MRED #11291762

Dec 19, 2021

Listed (Active)

MRED #11291762

$480,000
Mar 2, 2015

Cancelled

MRED #08747700

$250,000
Oct 6, 2014

Listed (Active)

MRED #08747700

$250,000
DateEvent & SourcePrice
03/16/2026

Listed (Active)

MRED #12589794

$594,000
05/10/2022

Sold

MRED #11291762

$423,000
03/04/2022

Pending

MRED #11291762

03/03/2022

Contingent

MRED #11291762

03/01/2022

Listed (Active)

MRED #11291762

$480,000
12/27/2021

Contingent

MRED #11291762

12/19/2021

Listed (Active)

MRED #11291762

$480,000
03/02/2015

Cancelled

MRED #08747700

$250,000
10/06/2014

Listed (Active)

MRED #08747700

$250,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 120-122 North Spring Street

This home is within School District U-46.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Ronald D O'Neal Elementary School
PublicK to 6

Kimball Middle School
Public7 to 8

Larkin High School
Public9 to 12

Central School Program
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

Similar Homes

Similar Sold Homes

120-122 North Spring Street is a multi-family home for sale in Elgin, IL 60120. This property was listed for sale on March 16, 2026 by Suburban Life Realty, Ltd, it's currently listed at $594,000. It has been on the market for a total of 5 days and was last sold on May 10, 2022. This listing's school district is School District U-46. Nearby schools include Ronald D O'Neal Elementary School, Kimball Middle School and Larkin High School. 120-122 North Spring Street is a 6-bed, 6-bath, multi-family home built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Suburban Life Realty, Ltd

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 03/20/2026 12:41 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.