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 | 2.00 |
| 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 | 1 |
|---|---|
| Zoning | MULTI |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | HomeSmart Connect |
|---|