809 South Street, Elgin, IL

$749,000

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0.14

Acres

About 809 South Street

Excellent opportunity to acquire a fully occupied 8-unit multi-family investment property in the heart of Elgin! This income-producing building offers a compelling combination of current occupancy, recent capital improvements, and future value-add potential. Six of the eight units have been updated since September 2023, while Units #2 and #4 remain available for future improvements and potential rent enhancement. Major recent upgrades include a tear-off roof completed in 2024 and a water heater installed in 2022. The building is heated by a boiler, and each unit has its own window A/C unit. All 8 units are currently rented, allowing an investor to step into an established property with rental income already in place. Ideally located near restaurants, convenience stores, business offices, and established single-family neighborhoods, the property offers strong accessibility and a desirable central Elgin location. Whether you are looking to expand an existing portfolio or acquire a multi-unit property with additional upside, this 8-unit building presents an rare investment opportunity. Property is being sold AS-IS.

Features of 809 South Street

MLS® # 12741183
Price $749,000
Bathrooms 0.00
Acres 0.14
Year Built 1956
Type Commercial Sale
Sub-Type Multi Family 5+
Status New

Community Information

Address 809 South Street
Area Elgin
City Elgin
County Cook
State IL
Zip Code 60123

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Window Unit(s)
Fireplace No
Has Basement No
Basement None

Exterior

Exterior Brick
Roof Composition
Foundation Concrete Perimeter

Additional Information

Days on Market 3
Zoning MULTI
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeHomeSmart Connect

Listing Map

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