518 South Street, Elgin, IL 60123 - Photo 1

1/1

$455,000

Sold
Closed
Multi-Family
5 Total Beds

1/1

Property Description

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

Full Property Details

Full Property Details for 518 South St

General

Sold For: $455,000
Taxes: $9,696 (2024)
Status: Closed
Type: Multi-Family
Source: MRED
MLS ID: 12530236
Added to Site: 91 day(s) ago

Rooms

Bathrooms

Total Bathrooms: 3

Bedrooms

Total Bedrooms: 5

Additional Information

Other Features: School Bus Service

Parking

Total Spaces: 4
Parking Features: Parking Lot, Yes, Owned

Location

Area: Elgin
County: Kane
Driving Directions: Head south on Rt 31. Turn right onto W Highland Ave. Turn left onto N Crystal Ave. Turn right onto South St.

School Information

School District: 46
Midd School District: 46

Heating & Cooling

Heating Type: Radiator(s)

Utilities

Water: Public

Structural Information

Construction: Brick
Exterior Const.: Brick
Basement Desc.: Unfinished, Full
Foundation: Concrete Perimeter
Roof: Asphalt
Year Built: 1930
Built Before 1978: Yes

Unit Information

Units in Building: 3

Lot Features

Lot Size (Acres): 0.33
Lot Size Range: .25 to .49 Acre
Lot Dimensions: 100 x 134
Lot Features: Legal Non-Conforming

Financial Considerations

Parking Included: Yes
Assessment Year: 1930
Tax Amount: $9,696.24
Tax Year: 2024

Disclosures and Reports

Ownership: Fee Simple
Property ID: 614379013

Listed by CENTURY 21 New Heritage West
Sold by Realty Executives Advance

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Schools

Schools serving 518 South St

School District:School District U-46

Name	Grades	Distance
Washington Elementary School, Elgin, IL 819 West Chicago Street, Elgin, IL 60123	K-6	0.3 mi
Abbott Middle School, Elgin, IL 949 Van Street, Elgin, IL 60123	7-8	0.5 mi
Larkin High School 1475 Larkin Avenue, Elgin, IL 60123	9-12	1.1 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 518 South St

Date

Details

Price

Change

Source

1/20/2026

Sold

$455,000

1.36%

MLS

12/10/2025

Listed

$448,900

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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4
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2
Beds
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Total Baths
1,521
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3
Beds
3
Total Baths
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Updated 1 day ago

3
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Price Reduced

-$5,000 (-1.52%)

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Single Family
Active
Updated 18 hours ago

3
Beds
1
Total Bath
925
Sq. Ft.

Sold

$390,000

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4
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Multi-Family
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4
Total Beds

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4
Beds
3
Total Baths
2,780
Sq. Ft.

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Sold

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4
Beds
3
Total Baths
1,613
Sq. Ft.

518 South Street, Elgin, IL 60123 (MLS# 12530236) is a Multi-Family property that was sold at $455,000 on January 20, 2026. Want to learn more about 518 South Street? Do you have questions about finding other Multi-Family real estate for sale in Elgin? You can browse all Elgin real estate or contact a Coldwell Banker agent to request more information.

518 South St Elgin, IL 60123