262-64 N Spring St

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

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...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!
  1. Listed by Andy Walton • HomeSmart Connect
    P: (224)-234-8837 C: (224)-234-8837 waltons@waltonrealtors.com
  2. Listed by Noel Walton • HomeSmart Connect
    P: (224)-531-9900 C: (224)-531-9900 waltons@waltonrealtors.com

Sold By HomeSmart Connect

Property Details for 262-64 North Spring Street

Area
Elgin
Township
Elgin
Ownership
Fee Simple
Num Of Parking Spaces
11.0
Parking Included in Price
Yes
Heat/Fuel
Natural Gas, Forced Air
Architectural Style
American 4-Sq.
Zoning
MULTI
LISTING CLOSED: 11/24/2025 12:00 AM

Property Details for 262-64 North Spring Street

StatusClosed
MLS #12432935
Days on Market49
Taxes$8,312 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeTwo to Four Units / 4 Flat
Year Built1920
Lot Size0.20 AC / 8,712 SF
CountyKane County

Location

Add your commute

Building Information for 262-64 North Spring Street

Stories-Residences4Year Built1920Building Size-Lot Size0.20 AC / 8,712 SF

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Principal and Interest

$2,923

Property Taxes

$693

HOA Dues

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Property Information for 262-64 North Spring Street

General Information
School Information
  • Elementary School District: 46
  • Elementary School: Ronald D O'Neal Elementary Schoo
  • Jr High Middle School: Kimball Middle School
  • High School District: 46
  • High School: Larkin High School
  • Middle Or Junior School District: 46
Addtl Parking Information
  • Parking Details: Assigned Spaces, Unassigned, Guest, Parking Lot, Yes, Owned
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Num Of Rooms: 22
  • Bedrooms Total: 11
  • Bedrooms (Below Grade): 0
  • Community Features: Curbs
  • Basement Type: Unfinished, Full
  • Bedrooms Possible: 11
  • # Full Baths in Building: 4
  • # Half Baths in Building: 0
  • Num of Baths: 4.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Public
  • Other Equipment: Water Heater-Gas
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 132 X 67
  • Total # Units in Building: 4.0
  • Waterfront: No
  • Exterior Building Type: Frame, Stucco
  • Construction: Frame, Stucco
  • Roof Type: Asphalt
  • Foundation Details: Concrete Perimeter
  • General Information: School Bus Service
  • North Coordinate: 11
  • South Coordinate: 0
  • East Coordinate: 0
  • West Coordinate: 33
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Public Document Count: 3
  • Document Date: 2025-08-04T22:30:45
  • Photos Count: 52
  • OpenHouse Count: 1
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Insurance Expense: $8,419.00
Unit 1
  • Unit Type Actual Rent: $1,650.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 11/25
Unit 2
  • Unit Type Actual Rent: $1,700.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 12/25
Unit 3
  • Unit Type Actual Rent: $1,035.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Lease Expiration Date: MO/MO
Unit 4
  • Unit Type Actual Rent: $1,700.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 4
  • Lease Expiration Date: 4/26

Property History for 262-64 North Spring Street

DateEvent & SourcePriceAppreciation
Nov 24, 2025

Sold

MRED #12432935

$575,000
Sep 18, 2025

Pending

MRED #12432935

Sep 18, 2025

Contingent

MRED #12432935

DateEvent & SourcePrice
11/24/2025

Sold

MRED #12432935

$575,000
09/18/2025

Pending

MRED #12432935

09/18/2025

Contingent

MRED #12432935

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

Schools near 262-64 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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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 HomeSmart Connect

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 11/25/2025 02:15 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.