Date
Details
Price
Change
Source
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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1/22
$448,900 Contingent
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1/22
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
- Price: $448,900
- Taxes: $9,696 (2024)
- Status: Contingent
- Type: Multi-Family
- Source: MRED
- MLS ID: 12530236
- Updated: 12/16/2025
- Added to Site: 40 day(s) ago
Rental Information
- Complex Features: Sidewalks, Street Lights, Street Paved
Interior
- Basement: Unfinished
Rooms
Bathrooms
- Total Bathrooms: 3
- Upper - Full Baths: 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
- Township: Elgin
- 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
- Elem School District: 46
- Midd School District: 46
- High School District: 46
Heating & Cooling
- Heating Type: Radiator(s)
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement: Yes
- 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
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 614379013
Listed by CENTURY 21 New Heritage West
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— 518 South St —
CENTURY 21 New Heritage West
NMLS#: 1598647
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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 Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 518 South St
Tax History
Tax History for 518 South St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$9,696
4%
$121,160
11%
2023
$9,331
17%
$109,459
19%
2022
$8,005
4%
$92,319
7%
2021
$7,700
—
$86,312
5%
2021
$7,700
5%
$82,398
5%
2019
$7,331
2%
$78,489
12%
2017
$7,190
4%
$69,901
8%
2016
$6,916
—
$64,850
9%
2015
$6,893
-6%
$59,441
-20%
2018
$7,310
-1%
$73,942
26%
2014
$7,373
20%
$58,707
-3%
2013
$6,138
—
$60,255
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 518 South St
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- Townhouse
- Active
- Updated 5 hours ago
- 2Beds
- 2Total Baths
- 1,468Sq. Ft.
- Townhouse
- Active
- Updated 5 hours ago
- 3Beds
- 3Total Baths
- 1,577Sq. Ft.
- Single Family
- Active
- Updated 9 hours ago
- 4Beds
- 4Total Baths
- 2,964Sq. Ft.
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- Single Family
- Active
- Updated 12 hours ago
- 2Beds
- 2Total Baths
- 1,696Sq. Ft.
- Single Family
- Active
- Updated 12 hours ago
- 4Beds
- 3Total Baths
- 2,289Sq. Ft.
- Townhouse
- Active
- Updated 2 days ago
- 2Beds
- 2Total Baths
- 1,300Sq. Ft.
- Single Family
- Active
- Updated 4 days ago
- 5Beds
- 2Total Baths
- 1,786Sq. Ft.
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518 South Street, Elgin, IL 60123 (MLS# 12530236) is a Multi-Family property with 3 units containing 5 bedrooms and 0 full bathrooms. 518 South Street is currently listed for $448,900 and was received on December 10, 2025. 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.