472 N Spring St

Elgin, IL 60120

$420,000
Price
6
Beds
1,800 Sq. Ft.
$233 / Sq. Ft.
1,800
Sq. Ft.
$233
per Sq. Ft.
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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...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.
  1. Listed by Kevin Williams • HomeSmart Connect
    P: (847)-323-3136 krwill8@yahoo.com

Property Details for 472 North Spring Street

Area
Elgin
Township
Elgin
Ownership
Fee Simple
Num Of Garage Spaces
2.0
Num Of Parking Spaces
4.0
Heat/Fuel
Natural Gas, Forced Air
LISTING UPDATED: 07/16/2026 12:49 AM

Property Details for 472 North Spring Street

StatusNew
MLS #12704270
Taxes$7,406 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeTwo to Four Units / 2 Flat
Year Built-
Lot Size0.20 AC / 8,712 SF
CountyKane County
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Location

Listing Courtesy of HomeSmart Connect
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Building Information for 472 North Spring Street

Stories-Residences2Year Built-Building Size-Lot Size0.20 AC / 8,712 SF

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$2,710 per month

30 year fixed, 6.36% Interest

Principal and Interest

$2,093

Property Taxes

$617

HOA Dues

$0

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Property Information for 472 North Spring Street

General Information
School Information
  • Elementary School District: 46
  • High School District: 46
  • Middle Or Junior School District: 46
Addtl Parking Information
  • Parking Details: Yes, Garage Owned, Detached, Driveway, Owned, Garage
Property Information
Interior Features
  • Num Of Rooms: 10
  • Bedrooms Total: 6
  • Bedrooms (Below Grade): 0
  • Basement Type: Unfinished, Full
  • Bedrooms Possible: 6
  • # Full Baths in Building: 2
  • # Half Baths in Building: 0
  • Num of Baths: 2.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Public
  • Other Equipment: TV-Cable, Sump Pump, Multiple Water Heaters, Water Heater-Gas
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2020
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 133 X 67 X 133 X 66
  • Total # Units in Building: 2.0
  • Waterfront: No
  • Exterior Building Type: Other
  • Construction: Other
  • Roof Type: Asphalt
  • Foundation Details: Concrete Perimeter
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Historical District
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Buyer Financing: Conventional, Cash
  • Public Document Count: 0
  • Photos Count: 16
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Gross Income: $44,880.00
  • Insurance Expense: $1,584.00
  • Insurance Expense Source: Actual
  • Other Addl Income: Coin Laundry
  • Water Expense Source: Actual
  • Net Operating Income: $32,890.00
  • Water Sewer Expense: $3,000.00
Unit 1
  • Unit Type Actual Rent: $1,900.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 07/27
Unit 2
  • Unit Type Actual Rent: $1,640.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 07/27

Property History for 472 North Spring Street

DateEvent & SourcePriceAppreciation
Sep 14, 2019

Sold (Public Record)

Public Record #653692262

$91,000—
DateEvent & SourcePrice
09/14/2019

Sold (Public Record)

Public Record #653692262

$91,000

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

Public Records for 472 North Spring Street

Taxable ValueLand$15,494Additions$73,918Total$89,412
Tax Record2024$7,156 ($596 / month)
Home Facts
Beds4Total Finished SqFt2,268 SqFtAbove Grade Finished SqFt2,268 SqFtStories2Lot Size8,712 SqFtStyleSingle Family ResidenceYear Built1890CountyKANEAPN06-11-484-006

Schools near 472 North Spring Street

This home is within School District U-46.
Rating
School
Type
Grades
Distance
Mckinley Elementary School
Public - K to 6
Larsen Middle School
Public - 7 to 8
Elgin High School
Public - 9 to 12
Central School Program
Public - 6 to 12
Rating
School
Distance
Mckinley Elementary School
PublicK to 6

Larsen Middle School
Public7 to 8

Elgin 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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More information about 472 North Spring Street, Elgin, IL 60120

472 North Spring Street is a multi-family home for sale in Elgin, IL 60120. This property was listed for sale on July 16, 2026 by HomeSmart Connect, it's currently listed at $420,000. It has been on the market for a total of 1 days and was last sold on September 14, 2019. This listing's school district is School District U-46. Nearby schools include Mckinley Elementary School, Larsen Middle School and Elgin High School. 472 North Spring Street is a 6-bed, 2-bath, 1,800 sqft multi-family home.

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 07/16/2026 12:49 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.