809 South Street

Elgin, IL 60123
Square Ft.
2,880
$749,000
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… Read MoreRead Less
Courtesy of HomeSmart Connect 847-495-5000
Listing Snapshot
Days Online
8
Last Updated
Square Ft.
2,880
Lot Size
2 Acres
Year Built
1956
MLS Number
12741183
Property Location Map
Additional Details
Building
Built in 1956, Construction Materials: Brick
Cooling
Window Unit(s)
Expenses
Electric: $701, Fuel: $1,575, Insurance: $5,412, Maintenance: $26,847, Operating: $37,440, Trash: $3,336, Water/Sewer: $2,762, Other Expense: $1,667
Foundation
Concrete Perimeter
Home Owner's Association
Fee Includes: None
Income
Gross Income: $88,594, Gross ScheduledIncome: $88,594, Net Operating Income: $51,154
Lot
0.14 acres, Dimensions: 125 x 54 x 95 x 62
Roof
Composition
Taxes
Additional parcels description:, Parcel Number: 06231020030000, Annual Amount: $13,843, Year: 2025, Zoning: MULTI
Tenant Pays
Electricity
Utilities
Fuses
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The Rick O'Connor Group
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Source: Midwest Real Estate Data (MRED)