This home's estimate is 25.7% higher than the average sale price ($344K) of 5 comparable homes.
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472 N Spring St, Elgin, IL 60120
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About this home
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.
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Market trends in 60120, IL
Last updated September 2026
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Sale and tax history for 472 N Spring St
- Sale History
- Tax History





Every brilliant diamond starts off as a lump of coal, and investors. .. here's your lump of coal! Unit 1 has a bedroom, office, family room, dining room 1 full bathroom and kitchen. Unit 2 has 3 bedrooms, a family room, kitchen and 1 full bathroom. Detached 2 car garage will full walk in attic is at the rear of the property. Basement has a bathroom and shower. This property has great income potential. This home may also be reconverted to it's original single family home. It's located in the historic district. Motivated seller, make an offer! All offers will be considered.
Public record
Property details
Parking
- Parking Information
- # of Garage Spaces: 2
- # of Parking (Total): 4
- Parking Features: Garage Owned, Detached, Driveway, Owned, Garage
Interior
- Bathroom Information
- # of Baths (Full): 2
- Bedroom Information
- # of Bedrooms: 6
- # of Bedrooms Possible: 6
- Additional Rooms Information
- Basement: Unfinished, Full
- Interior Features
- # of Rooms: 10
- Equipment
- TV-Cable, Sump Pump, Multiple Water Heaters, Water Heater-Gas
Exterior
- Building Information
- # Of Units in Building: 2
- Age: 100+ Years
- Built Before 1978 (Y/N): Yes
- Roof: Asphalt
- Foundation Details: Concrete Perimeter
- Construction Materials: Other
- Property Information
- Property Type: Two to Four Units
- Ownership: Fee Simple
- Rebuilt (Y/N): No
- Rehab (Y/N): Yes
- Rehab Year: 2020
- General Information: School Bus Service,Commuter Bus,Commuter Train,Historical District
- Parcel Number: 0611484006
- Lot Information
- Dimensions: 133 X 67 X 133 X 66
- Lot Size: Less Than .25 Acre
Financial
- Tax Information
- Tax Annual Amount: $7,406
- Tax Year: 2025
- Financial Information
- Finance Code: Conventional
- Special Service Area: N
- Gross Income: $44,880
Utilities
- Utility Information
- Water Source: Public
- Sewer: Public Sewer
- Heating & Cooling
- Heating: Natural Gas, Forced Air
Location
- Multi-Unit Information
- 3 Br Unit(s) In Bldg: Yes
- Unit Type 1 Information
- Floor Number: 1
- Sq. Ft.: 1,200
- # of Rooms: 5
- # of Bedrooms: 3
- # of Bathrooms (Total): 1
- # of Full Bathrooms: 1
- Appliances and Features: Stove,Refrigerator,Central Air Conditioner,Garage/Space,Hardwood Floors
- Security Deposit: 1850
- Rent: $1,900
- Tenant Pays: Electric,Gas,Heat
- Lease Expiration Date: Thursday, July 1, 2027
- Unit Type 2 Information
- Floor Number: 2
- Sq. Ft.: 1,200
- # of Rooms: 5
- # of Bedrooms: 3
- # of Bathrooms (Total): 1
- # of Full Bathrooms: 1
- Appliances and Features: Stove,Refrigerator,Central Air Conditioner,Garage/Space,Hardwood Floors
- Security Deposit: $1,540
- Rent: $1,640
- Tenant Pays: Electric,Gas,Heat
- Lease Expiration Date: Thursday, July 1, 2027
- School Information
- Elementary School District: 46
- Middle Or Junior School District: 46
- High School District: 46
- Location Information
- Township: Elgin
- Corporate Limits: Elgin
- Directions: 31 To Kimball East To Spring North To Home
Public facts
- Beds: —
- Baths: —
- Sq. Ft.: —
- Stories: —
- Lot Size: 8,805 square feet
- Style: Single Family Residential
- Year Built: —
- Year Renovated: —
- County: Kane County
- APN: 0611484006
Other
- Expense Information
- Water Sewer Expense: $3,000
- Water Expense Source: Actual
- Insurance Expense: $1,584
- Listing Information
- Holds Earnest Money: Yes
- Possession: Closing
- Some Photos Virtually Staged?: No
Around this home
Schools
Public K-6 • Assigned • 0.3mi
Public 7-8 • Assigned • 0.6mi
Public 9-12 • Assigned • 2.4mi
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
Very good sunlight
SunscoreThere appears to be minimal shading by surrounding buildings, terrain, and vegetation.
Nearby similar homes
New listings for sale in 60120
Home values near 472 N Spring St
| Address | Redfin Estimate |
|---|---|
4 Beds | 2 Baths | 1908 Sq. Ft. | $377,983 |
3 Beds | 1.5 Baths | 1298 Sq. Ft. | $197,344 |
| Address | Redfin Estimate |
|---|---|
- Beds | - Baths | - Sq. Ft. | $231,986 |
2 Beds | 1 Baths | 1140 Sq. Ft. | $254,445 |
| Address | Redfin Estimate |
|---|---|
5 Beds | 2 Baths | 2100 Sq. Ft. | — |
6 Beds | 2 Baths | - Sq. Ft. | — |
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