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120-122 N Spring St, Elgin, IL 60120
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About this home
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.**
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Last updated July 2026
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Sale and tax history for 120-122 N Spring St
- Sale History
- Tax History
$113/sq ft
$129/sq ft
$92/sq ft
Public record
Property details
Parking
- Parking Information
- Outdoor Parking: 1-5 Spaces
Interior
- Additional Rooms Information
- Basement: Unfinished, Exterior Entry
- Equipment
- # Of Ranges: 6
Exterior
- Building Information
- # of Units: 6
- Built Before 1978 (Y/N): Yes
- Roof Structure: Flat
- Construction Materials: Brick
- Property Information
- Property Type: Multi Family 5+
- Conversion (Y/N): N
- Ownership Type: Individual
- Parcel Number: 0614279013
- Land Information
- Land Amenities: Sidewalks
- Lot Information
- Dimensions: 47X57
- Lot Size Source: County Records
- Frontage Type: City Street
- Zoning: MULTI
Financial
- Tax Information
- Tax Annual Amount: $10,198.50
- Tax Year: 2024
- Financial Information
- Finance Code: Cash
- Gross Rent Multiplier: 8.7
- Total Monthly Income: $5,692
- Gross Income: $68,304
Utilities
- Heating & Cooling
- Heat/Ventilation: Hot Water,Radiators
Location
- Unit Type 1 Information
- # of Rooms: 3
- # of Bedrooms: 1
- # of Bathrooms (Total): 1
- # of Full Bathrooms: 1
- # of Units: 6
- Monthly Income: $792
- Monthly Income Max: $1,100
- Location Information
- Township: Elgin
- Directions: Chicago St. to Spring St. North to Property at the corner of N Spring and Dexter
Public facts
- Beds: —
- Baths: —
- Sq. Ft.: —
- Stories: —
- Lot Size: 1,176 square feet
- Style: Single Family Residential
- Year Built: —
- Year Renovated: —
- County: Kane County
- APN: 0614279004
Other
- Expense Information
- Water Sewer Expense: $3,179
- Water Expense Source: Owner Projection
- Electric Expense: $370
- Trash Expense: $1,080
- Insurance Expense: $2,400
- Listing Information
- Possession: Closing
- Some Photos Virtually Staged?: No
Around this home
Schools
Public K-6 • Assigned • 0.7mi
Public 7-8 • Assigned • 1.5mi
Public PreK-12 • Assigned • 1.7mi
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
7 days above 102° expected this year, 14 days in 30 years
0% chance of strong winds in next 30 years
1 unhealthy days expected this year, 2 days in 30 years
Sun exposure
In this area, properties receive around 10.2 hours in June and 3.4 hours in December, placing it below the U.S. average for solar exposure.
Nearby similar homes
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Home values near 120-122 N Spring St
| Address | Redfin Estimate |
|---|---|
6 Beds | 6 Baths | 4622 Sq. Ft. | — |
- Beds | - Baths | - Sq. Ft. | $154,007 |
| Address | Redfin Estimate |
|---|---|
- Beds | - Baths | - Sq. Ft. | — |
- Beds | - Baths | - Sq. Ft. | $154,007 |
| Address | Redfin Estimate |
|---|---|
- Beds | - Baths | - Sq. Ft. | $316,924 |
- Beds | - Baths | - Sq. Ft. | $154,007 |
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