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sales rep | Brivity IDX

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809 South St , Elgin, IL 60123
$749,000
Est. Payment: $4,087.60/mo
2880 Sqft
2 Acres
Status: contingent | Days on site: 8
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4773 - 45824,43801,244186
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House 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.

Highlights

Listed by Andy Walton , 224-234-8837 and Noel Walton , (224) 531-9900 HomeSmart Connect , 847-495-5000. Midwest Real Estate Data mls logo

Property Type

Multi-Family

Lot/Acreage
2

Year Built

1956

County

Cook

Area

Elgin

Listing ID

12741183

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Interior Features

Air Cond:Window Unit(s)
Fireplaces:

Exterior Features

Lot Dimensions:125 x 54 x 95 x 62
Zoning:MULTI
Roof:Composition
Parking Features:6-12 Spaces
Principal Interest
$4,088
Taxes
$1,154

Home Price

$749,000

Loan Details

30 yrs
7.25%

Down Payment

20%
$149,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$4,087.60

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,087.60 $1,153.58 $0.00 $5,241.18
Yearly $49,051.20 $13,843.00 $0.00 $62,894.20
Total $1,471,536.10 $415,290.00 $0.00 $1,886,826.10
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Master Chief
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Market insight data is pulled from the same city as the listing being viewed (Elgin, IL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information submitted to the MRED as of the date listed below. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. IDX information is provided exclusively for consumers' personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED 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.

Based on information submitted to the MLS GRID as of the date listed below. 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. 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. Some listings have been excluded from this website.

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Data last updated: 2026-10-27T06:57:04.000Z

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