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All-Brick Apartment Building
New
For Sale
$649,900
Pending

409 Ann Street, South Elgin, IL 60177

Six-unit property with a mix of two-bedroom apartments and a lower-level studio.

Property SizeContact for details
Days on Market5

Property Features for 409 Ann Street

General Information

Standard status Pending
Property subtype Commercial

Units

Unit Mix 5 x 2BR/1BA, 1 x studio
Multifamily Units 6

Additional Details

Public Transit Yes

Taxes and HOA fees

Annual Taxes $15,219

Amenities

coin-operated laundry
Central air
Composition Roof
Window Unit(s) Cooling

Building Details

Year Built 1969
Buildings 1
Construction brick
Listing Agency: ZAMUDIO REALTY GROUP
Listed By: ESTHER ZAMUDIO · License #471021065
Source: Corcoran
Added: Aug 8 Changed: Aug 12 Last Checked: Aug 12 at 3:52AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ZAMUDIO REALTY GROUP

Investment Insights

Based on property information with market context.

Constructed in 1969, this six-unit apartment building has all-brick construction and a practical mix of residential layouts. Five apartments offer two bedrooms and one bathroom, with approximately 700 square feet per unit, while a lower-level studio is positioned next to the laundry room. Each two-bedroom apartment includes a living room, eat-in kitchen with dining space, full bathroom, and generously sized bedrooms.

A coin-operated laundry room contains one washer, one dryer, and a bill change machine. Heating is provided by a hot water boiler system with individual controls in each unit; tenants pay their own electric service. The lower level also includes a manager's room and security camera monitoring system. The property is near shopping, dining, parks, schools, public transportation, and major commuter routes in South Elgin.

Key Highlights

  • Six‑unit apartment building with five 2‑bedroom, 1‑bath units and one lower‑level studio
  • Five 2‑bedroom units are approximately 700 sq. ft. each
  • All‑brick construction; built in 1969

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Parking Lot & Garage Auto Parts Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

242
Businesses Nearby

Demographics for 60177, IL

24,361
Population
8,700
Households
2.8
Avg Household Size
37
Median Age
38%
College-Educated
91%
High-School Grad
8.9 sq mi
ZIP Area
2,737
Density / Sq Mi
$123,700
Median Household Income
$59,266
Median Earnings
$1,612
Median Rent
$296,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Six-unit property with a mix of two-bedroom apartments and a lower-level studio.
Where is this apartment building located?
The property is located at 409 Ann Street South Elgin, IL.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Six‑unit apartment building with five 2‑bedroom, 1‑bath units and one lower‑level studio; Five 2‑bedroom units are approximately 700 sq. ft. each; All‑brick construction; built in 1969
More about this property
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