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518 South Street Elgin, IL $ 448,900
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518 South Street
$ 448,900
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518 South Street

Elgin, IL, 60123
$ 448,900
Bedrooms5 Baths3.0

Monthly Estimate*

$ 2,801

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Multi-Family Home for sale in Elgin, IL

for $448,900 with 5 bedrooms and 3 full baths. This home was built in 1930 on a lot size of 0.33.

FANTASTIC 3-UNIT MULTI-FAMILY PROPERTY * 1 UNIT IS VACANT - AN IDEAL OPPORTUNITY FOR OWNER-OCCUPIED LIVING OR SELECTING A NEW TENANT FOR STRONG CASH FLOW * SOLID BRICK EXTERIOR W/ VALUE-ADD POTENTIAL WITH ONE UNIT CURRENTLY BELOW MARKET RENT * UNITS ARE SPACIOUS THROUGHOUT, AND THE BUILDING OFFERS A GENEROUS 3,460 SQ FT OF LIVING SPACE. * AMPLE PARKING AND A GREAT-SIZED LOT ~ EXPANSIVE ATTIC WITH ABUNDANT STORAGE BOTH UPSTAIRS AND IN THE BASEMENT - PLUS COIN-OPERATED LAUNDRY * PRIME LOCATION CLOSE TO DOWNTOWN ELGIN, METRA & ROUTE 20 * THIS PROPERTY HAS BEEN PROFESSIONALLY MAINTAINED AND MANAGED * 50+ YEAR FAMILY OWNED

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Multi-Family Active

Price

$ 448,900

Bedrooms

5

Full Bath

3

Property Type

Multi-Family

Taxes

$ 9,696

Style

Lot Size

0.33

Year Built

1930

Town/City

Elgin

County/Region

Kane

MLS | Web ID

12530236
Features
General
Sewer Public Sewer
Heating Radiator(s)
Possession Closing
Roof Asphalt
Construction Materials Brick
Year Built 1930
Township Elgin
Tax Year 2024
Ownership Fee Simple
Gross Income 48300
Community Features Sidewalks Street Lights Street Paved
County Kane
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 15
Status New
Directions Head south on Rt 31. Turn right onto W Highland Ave. Turn left onto N Crystal Ave. Turn right onto South St.
City Elgin
High School District 46
MLS Area Elgin
Tax Annual Amount 9696.24
Additional Parcels Y/N N
Standard Status Active
Middle/Junior School District 46
Elementary School District 46
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Interior
Basement Unfinished Full
Total Bedrooms 5
Total Baths 3
Bedrooms Possible 5
Full Baths Building 3
Half Baths Building 0
Total Number of Units 3
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Exterior
Parking Features Parking Lot Yes Owned
Lot Features Legal Non-Conforming
Water Source Public
Total Parking 4
Foundation Details Block
Lot Dimensions 100x134
Lot Size Acres 0.33
Waterfront Y/N N
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* Excluded Features
List By
Century 21 New Heritage West

Broker

vranalloc21@gmail.com

Email

Affordability Calculator

$3,609
Per Month
78%
22%
0%
Monthly Principal & Interest
$2,801
Monthly Property Taxes
$808
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
567545 Elementary School
566729 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
12/11/2025$448,900 Listed Price

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518 South Street, Elgin, IL, 60123 is a Multi-Family Home for sale at $448,900 with a lot size of 0.33. 518 South Street has 5 bedrooms, 3.0 baths, and was built in 1930. The property's zip code is 60123 which is in Elgin, IL

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