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.)
Property Details
Price:
$319,900
MLS #:
MRD12709745
Status:
Active Under Contract
Beds:
4
Baths:
2
Type:
Multi Family
Neighborhood:
elgin
Listed Date:
Jul 21, 2026
Year Built:
1900
See this Listing
Schools
School District:
46
Interior
Heating
Natural Gas
Exterior
Construction Materials
Fir, Frame
Fencing
Fenced
Garage Spaces
2
Lot Features
Corner Lot
Other Structures
Garage(s)
Parking Features
Yes, Detached, Garage
Parking Spots
4
Parking Total
4
Roof
Asphalt
Financial
Tax Year
2025
Taxes
$6,652
Map
Community
- Address419-421 N Spring Street Elgin IL
- CityElgin
- CountyKane
- Zip Code60120
Market Summary
Current real estate data for Multi Family in Elgin as of Oct 10, 2026
6
Multi Family Listed
49
Avg DOM
$633,783
Avg List Price
Property Summary
- 419-421 N Spring Street Elgin IL is a Multi Family for sale in Elgin, IL, 60120. It is listed for $319,900
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Copyright 2026. All rights reserved.
419-421 N Spring Street
Elgin, IL


