Back 26264 Spring Street
Off Market

26264 Spring Street

Elgin IL 60120

11
4
11
0.2 ac.
Multi-Family
Last sold for $575,000
Andy WaltonAndy Walton, last sold this property on 24 November 2025 after 114 days on market.

Overview

Excellent Investment Opportunity - Fully Leased 4-Unit Building in Prime Elgin Location! Spacious and well-maintained, this fully occupied multi-unit property is an ideal addition to any investor's portfolio. All four units are currently leased, generating immediate rental income. Three of the units feature updated kitchens and bathrooms, providing modern comfort for tenants. Recent mechanical and structural updates offer peace of mind: TWO NEW FURNACE UNITS installed in October 2024, Two hot water heaters - 40-gallon (installed Dec 2022) & 50-gallon (installed Dec 2011). Building exterior painted, plus new gutters and downspouts (2021) and driveway/parking lot sealed (2025). The property includes two separate basement areas: One basement provides community storage for tenants and houses a coin-operated laundry (1 washer & 1 dryer) and the second basement is secured for landlord use, perfect for storage or a workshop. Ample off-street parking with 11 total spaces, 2 reserved per unit and 3 visitor spots. Conveniently located within walking distance to Gail Borden Library, Hemmens Cultural Center, Elgin Recreation Center, the scenic Fox River, and all the vibrant offerings of Downtown Elgin. Don't miss out on this great investment opportunity!

Features

11 bedrooms
4 bathrooms
11 carspaces
0.2 ac. lot size
Multi-Family

Estimated Value

We need at least 3 similar 11 bedroom multi families sold in Elgin over the last 12 months.

Property history for 26264 Spring Street

2025
Sold
$575,000
24 Nov 2025 by Andy Walton, of Homesmart Connect LLC
2008
Sold
$250,000
30 Oct 2008 by Anthony Bellino, of EDELEN COMPANY INC

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Local market activity for 11 bedroom multi families in Elgin

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