Outstanding investment opportunity in a classic Elgin two-flat located in the Spring-Douglas historical district, offering immediate cash flow plus long-term upside! This well-maintained up/down duplex features two generously sized 2-bedroom units full of vintage character - high ceilings, natural millwork, a charming bay window, and gleaming hardwood floors throughout. Easy walking distance to schools, library and downtown. Unit 1 (421) - VACANT & MOVE-IN READY: Freshly painted, professionally cleaned, and updated with new kitchen flooring - ready to lease at market rent or perfect for an owner-occupant. This spacious 2-bedroom layout includes a primary bedroom and second bedroom, both with generously sized closets, plus a separate living room and family room for flexible everyday living. The kitchen and dining area form one large, open, adjoined space - ideal for entertaining - along with a full bath. Get top rent from day one with this beautifully refreshed unit. Unit 2 (419) - LONG-TERM, STABLE TENANT: A comfortable 2-bedroom layout with a functional galley kitchen, spacious living room, and full bath. Currently occupied on a month-to-month lease, providing immediate income with flexibility for future rent increases or owner use. Additional highlights include a freshly painted basement for extra storage, a detached 2-car garage, and a generous fenced yard - all located just minutes from downtown Elgin, Metra, shopping, and dining. Whether you're an investor looking to add a cash-flowing asset to your portfolio or an owner-occupant hoping to live in one unit while renting the other, this solid two-flat checks every box: updated, spacious, and priced to perform. Schedule your showing today (Lower unit can be a go & show, upstairs requires 48 hour notice.)
Spring-Douglas Historic District, located between Downtown Elgin and the Fox River, is a historic and residential Elgin neighborhood with Victorian-era streetscapes and a walkable, porch-lined atmosphere. The neighborhood’s character concentrates around the Spring Street and Douglas Avenue corridor, where brick sidewalks, mature trees, and landmark homes set a measured, architectural pace. Queen Anne, Italianate, and Prairie-influenced houses mix with restored details and deep setbacks that shape the street rhythm. Lords Park and its museum campus add green space and a cultural counterpoint to the residential blocks. The Hemmens Cultural Center and Elgin History Museum anchor local arts and heritage nearby. Side streets lead toward riverfront paths and downtown storefronts for a compact, urban-meets-garden feel.
Provided by Walk Score and Local Logic
Market insights
419-421 N Spring St · $319,900
DAYS ON MARKET
36 days
The average home goes pending in 47 days.
SALE-TO-LIST
101.8%
Most homes are selling 2% above list price.
LIST PRICE
$319,900
Median sale price in this area is $472,495. (48% higher than this home)
PRICE DROP
0 price drops
11% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
10 total rooms
Full, unfinished basement
Bedrooms
4 bedrooms total
Bathrooms
2 full bathrooms
Kitchen
Stove
Refrigerator
Laundry & utility
Tenants pay all utilities
Flooring
Hardwood floors
Heating & cooling
Natural gas heating
Central air conditioning
Exterior features
Corner lot
Fenced yard
Lot dimensions approximately 66 x 115
Home design
Two- to four-unit building
Fee simple ownership
Over 100 years old
Not rebuilt or recently rehabbed
Main entry faces N Spring & Seneca (corner location)
Parking
Detached garage
Total parking for 4 vehicles
2 garage spaces
Construction
Frame construction with fir materials
Stone foundation
Asphalt roof
Built before 1978
Utilities
Public water
Public sewer
Financial info
Special service area: No
Other
Two units in the building
Unit 1 (first floor): 6 rooms, 2 beds, 1 bath — includes stove, refrigerator, central air, hardwood floors; tenant pays all; security deposit listed as $0
Unit 2 (second floor): 4 rooms, 2 beds, 1 bath — includes stove, refrigerator; tenant pays all; current rent $850; security deposit $350; lease expires May 1, 2026
Electricity and solar
View estimated energy costs and solar savings for this home