120-122 N Spring Street Elgin, IL ^$ 594,000

120-122 N Spring Street

^$ 594,000

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Recently Listed

120-122 N Spring Street

Elgin, IL, 60120

^$ 594,000

Bedrooms1 Baths0.0 Sq 4,622

Monthly Estimate*

^$ 3,657

120-122 N Spring Street, Elgin, IL 60120 - Image 1

120-122 N Spring Street, Elgin, IL 60120 - Image 2

120-122 N Spring Street, Elgin, IL 60120 - Image 3

120-122 N Spring Street, Elgin, IL 60120 - Image 4

120-122 N Spring Street, Elgin, IL 60120 - Image 5

120-122 N Spring Street, Elgin, IL 60120 - Image 6

120-122 N Spring Street, Elgin, IL 60120 - Image 7

120-122 N Spring Street, Elgin, IL 60120 - Image 8

120-122 N Spring Street, Elgin, IL 60120 - Image 9

120-122 N Spring Street, Elgin, IL 60120 - Image 10

120-122 N Spring Street, Elgin, IL 60120 - Image 11

Multi-Family Home for sale in Elgin, IL

for $594,000 with 1 bedroom. This 4,622 square foot home was built in 1920 on a lot size of 0.06.

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!

Multi-Family Active

Price

^$ 594,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 10,198

Style

Multi-Family

Lot Size

0.06

Year Built

1920

Town/City

Elgin

County/Region

Kane

MLS | Web ID

12589794

Features

General

Cooling None

Possession Closing

Zoning MULTI

Construction Materials Brick

Year Built 1920

Tenant Pays Electricity Varies by Tenant

Stories Count 3

Township Elgin

Tax Year 2024

Current Use Multi-Family

Gross Income 68304

County Kane

Net Operating Income 42856

Operating Expense 25448

Insurance Expense 2400

Property Type Commercial Sale Multi Family 5+

MaintenanceExpense 7250

Possible Use Multi-Family

Status New

Directions Chicago St. to Spring St. North to Property at the corner of N Spring and Dexter

City Elgin

Number Of Units Total 6

MLS Area Elgin

Lot Size Square Feet 2679

Tax Annual Amount 10198.5

Electric Expense 370

Fuel Expense 970

Trash Expense 1080

Water Sewer Expense 3179

Additional Parcels Y/N Y

Standard Status Active

Interior

Basement Unfinished Exterior Entry

Exterior

Building Area Total 4622

Lot Dimensions 47X57

Lot Size Acres 0.06

Frontage Type City Street

* Excluded Features

List By

Suburban Life Realty, Ltd

Broker

lysienma@suburbanliferealty.com

Affordability Calculator

$4,507

Per Month

Monthly Principal & Interest: $3,657
Monthly Property Taxes: $850
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% 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

Trends
Schools

Multi-family listings in Elgin, IL

Average List Price ^$370,713

Percent of Sale Price 38%

About Elgin, IL

114,155 Population

21% Since 2002

^$61,828 Median Income

35.71 Median Age

38% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/17/2026	$594,000		Listed Price

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120-122 N Spring Street, Elgin, IL, 60120 is a Multi-Family Home for sale at $594,000 with 4,622 sqft and a lot size of 0.06. 120-122 N Spring Street has 1 bedrooms, 0.0 baths, and was built in 1920. The property's zip code is 60120 which is in Elgin, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% 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.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 3/18/2026.

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120-122 N Spring Street

Multi-Family Home for sale in Elgin, IL

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