BEDS0
BATHS
SQUARE FEET2,880
MLS#12741183
STATUSNew
PROPERTY TYPEMulti Unit - Multiple
Property Description
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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Window Unit(s)
Lot Size: 2.00 Acres
Roof Type: Composition
Stories: 2.0
Taxes: $13,843
Year Built: 1956
Feature Descriptions
Current Use: Multi-Family
Electric: Fuses
Exterior: Brick
Foundation: Concrete Perimeter
HVAC: Gas, Hot Water
Location: In City Limits
Lot Dimensions: 125 x 54 x 95 x 62
Parcel#: 06231020030000
Parking: 6-12 Spaces
Tenant Pays: Electricity, Other
Units: 8
Listed By / Shown By
Listed By
Agency Name: HomeSmart Connect
Agency Phone: 847-495-5000
Shown By
Agent Name: Donya Bundy
Agent Phone: (608) 295-5181
Agency Title: Gambino Realtors
Estimate Your Payment
Estimated Payment
$ 4,774.23 per month $3,402.19 Principal & Interest $1,153.58 Property Tax $218.46 Homeowner's InsuranceChange Payment Information
Donya Bundy
Cell: (608) 295-5181
Email Me
Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Privacy Policy / DMCA Notice / ADA Accessibility
This site is hosted, designed and copyright
© 1994 - 2026 by
Delta Media Group, Inc. -- Patent Pending --
809 South Street | MLS# 12741183
This multi-family property located at 809 South Street , Elgin, IL 60123 is currently listed for sale with an asking price of $749,000. Search Elgin real estate on dbundy.gogambino.com today.