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$645,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 8 Total Beds
  • 4 Car Garage
  • Updated 5 hours ago
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Great opportunity for investors or owner-occupants alike! This spacious 4-unit building on South Street offers strong income potential, with each unit featuring 2 bedrooms, 1 bath, separate living and dining rooms, and a full kitchen. All units are currently occupied. Tenants pay utilities except water. The property sits on a large lot and includes a secured 4-car garage plus additional driveway parking. Windows: unknown. Roof: 2015. Water Heater: 2021. Boiler: Significant work was done to the boiler last year.

Full Property Details for 532 South St

General

  • Price: $645,000
  • Taxes: $10,230 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12583419
  • Updated: Today (3/4/2026)
  • Added to Site: Today

Interior

  • Basement: Unfinished

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Upper - Full Baths: 4

Bedrooms

  • Total Bedrooms: 8

Additional Information

  • Equipment: Ceiling Fan(s)

Parking

  • Garage: Yes
  • Garage Spaces: 4
  • Total Spaces: 8
  • Parking Features: Garage Door Opener, Carport, Yes, Garage Owned, Detached, Unassigned, Owned, Garage

Location

  • Area: Elgin
  • County: Kane
  • Township: Elgin
  • Driving Directions: Walnut to Jewett, Right to South to Property

School Information

  • School District: 46
  • Elem School District: 46
  • Midd School District: 46
  • High School District: 46

Heating & Cooling

  • Heating Type: Baseboard

Utilities

  • Sewer: Public Sewer
  • Water: Lake Michigan

Structural Information

  • Architectural Info: Ranch, Victorian
  • Architectural Style: Ranch, Victorian
  • Construction: Frame
  • Exterior Const.: Frame
  • Basement: Yes
  • Basement Desc.: Unfinished, Full
  • Year Built: 1925
  • Built Before 1978: Yes

Unit Information

  • Units in Building: 4

Lot Features

  • Lot Size (Acres): 0.26
  • Lot Size Range: .25 to .49 Acre
  • Lot Dimensions: 11326

Financial Considerations

  • Assessment Year: 1925
  • Tax Amount: $10,230.02
  • Tax Year: 2024
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 614379020

Listed by GC Realty and Development

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— 532 South St —

  • GC Realty and Development

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 532 South St

School District:School District U-46
NameGradesDistance
Washington Elementary School, Elgin, IL
819 West Chicago Street, Elgin, IL 60123
K-60.3 mi
Abbott Middle School, Elgin, IL
949 Van Street, Elgin, IL 60123
7-80.5 mi
Larkin High School
1475 Larkin Avenue, Elgin, IL 60123
9-121.1 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 532 South St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/04/2026
Listed
$645,000
62.26%
MLS
4/22/2021
Sold
$397,500
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 532 South St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$10,230
4%
$127,830
11%
2023
$9,845
17%
$115,485
19%
2022
$8,423
11%
$97,138
7%
2021
$7,567
—
$90,817
5%
2021
$7,567
6%
$86,699
5%
2019
$7,153
14%
$82,586
12%
2017
$6,252
-5%
$73,551
8%
2016
$6,599
1%
$68,236
9%
2015
$6,519
1%
$62,545
-20%
2018
$6,424
-8%
$77,802
26%
2014
$6,964
-10%
$61,773
-2%
2012
$7,760
—
$63,069
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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532 South Street, Elgin, IL 60123 (MLS# 12583419) is a Multi-Family property with 4 units containing 8 bedrooms and 0 full bathrooms. 532 South Street is currently listed for $645,000 and was received on March 04, 2026. Want to learn more about 532 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.

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