Sold
Last Sold Price
6 beds
120-122 N Spring St, Elgin, IL 60120
Multi FamilyProperty Type
2,679 sq ftLot Size
1920Year Built

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.

    Sold By Era Chicago Realty Inc

    • Listed by: Matthew Lysien 847.309.6939 lysienma@suburbanliferealty.com • Suburban Life Realty, Ltd
    Listing closed: 04/03/2026 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 12589794

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    $2,643

    Property Taxes

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    Property Information for 120-122 North Spring Street

    Property Details
    • Taxes: $10,199 / year
    • MLS Type: Multi Family 5+ / Multi Family 5+-Other
    • County: Kane County
    • Area: Elgin
    • Township: Elgin
    • Air Conditioning Type: None
    • Zoning: MULTI
    Building Information
    • Stories: 3
    • Residences: 6
    • Year Built: 1920
    • Lot Size: 0.06 AC / 2,679 SF
    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
    • Exterior Building Type: Brick
    • 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
    Apr 3, 2026

    Sold

    MRED #12589794

    $520,000
    Mar 23, 2026

    Pending

    MRED #12589794

    Mar 23, 2026

    Contingent

    MRED #12589794

    DateEvent & SourcePrice
    04/03/2026

    Sold

    MRED #12589794

    $520,000
    03/23/2026

    Pending

    MRED #12589794

    03/23/2026

    Contingent

    MRED #12589794

    For completeness, we 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.

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    Nearby home values

    AddressSold priceBedsBathsSqftLot (Sqft)
    This home: 120-122 North Spring Street, Elgin, IL 60120
    $520,000
    6
    2,679
    4
    1,625
    1,260
    $315,000
    4,356
    $143,333
    7,360
    4,500
    5,670
    10,560

    No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. 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 04/08/2026 03:07 AM. 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.