Elgin, IL 60123 518 South Street

$448,900

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Presented By: CENTURY 21 New Heritage West
  • MLS# 12530236
  • 12/10/2025
  • Request Tour
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  • Beds • 5
  • Baths • 3

Home Details

FANTASTIC 3-UNIT MULTI-FAMILY PROPERTY * 1 UNIT IS VACANT - AN IDEAL OPPORTUNITY FOR OWNER-OCCUPIED LIVING OR SELECTING A NEW TENANT FOR STRONG CASH FLOW * SOLID BRICK EXTERIOR W/ VALUE-ADD POTENTIAL WITH ONE UNIT CURRENTLY BELOW MARKET RENT * UNITS ARE SPACIOUS THROUGHOUT, AND THE BUILDING OFFERS A GENEROUS 3,460 SQ FT OF LIVING SPACE. * AMPLE PARKING AND A GREAT-SIZED LOT ~ EXPANSIVE ATTIC WITH ABUNDANT STORAGE BOTH UPSTAIRS AND IN THE BASEMENT - PLUS COIN-OPERATED LAUNDRY * PRIME LOCATION CLOSE TO DOWNTOWN ELGIN, METRA & ROUTE 20 * THIS PROPERTY HAS BEEN PROFESSIONALLY MAINTAINED AND MANAGED * 50+ YEAR FAMILY OWNED
Presented By: CENTURY 21 New Heritage West

Interior Features for 518 South Street

Bedrooms

Bedrooms Possible5
Total Bedrooms5

Bathrooms

Full Baths Building3
Half Baths Building
Total Baths3

Other Interior Features

BasementUnfinished, Full
Total Number of Units3

General for 518 South Street

Additional Parcels Y/NNo
CityElgin
Community FeaturesSidewalks, Street Lights, Street Paved
Construction MaterialsBrick
CountyKane
DirectionsHead south on Rt 31. Turn right onto W Highland Ave. Turn left onto N Crystal Ave. Turn right onto South St.
Elementary School District46
Gross Income48300
HeatingRadiator(s)
High School District46
MLS AreaElgin
Middle/Junior School District46
New ConstructionNo
OwnershipFee Simple
PossessionClosing
Property TypeResidential Income
Property TypeTwo to Four Units
RoofAsphalt
SewerPublic Sewer
Standard StatusActive
StatusNew
Tax Annual Amount9696.24
Tax Year2024
Total Rooms15
TownshipElgin
Year Built1930

Exterior for 518 South Street

Foundation DetailsConcrete Perimeter
Lot Dimensions100x134
Lot FeaturesLegal Non-Conforming
Lot Size Acres0.33
Parking FeaturesParking Lot, Yes, Owned
Total Parking4
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Client Care

Price $448,900
MLS#12530236
List Date 12/10/2025
Property Type Multi-Family
Phone 847.485.2500
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