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8-Unit Apartment Building

809 South Street, Elgin, IL 60123

For Sale
$749,000
Under Contract

Commercial Sale, Elgin, IL

Property SizeContact for details
Lot Size0.14 Acres
Days on Market29

Property Features for 809 South Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bathrooms 8
Full bathrooms 8
Rooms Bathroom 7, Bathroom 4, Bathroom 2, Bathroom 6, Bathroom 1, Bathroom 8, Bathroom 5, Bathroom 3
Directions Lillian Street East to South Street to Walnut Avenue to Wilcox Avenue North to South Street (one-way) West to building on South side of street.
Subdivision Elgin
Standard status Active Under Contract
APN 06231020030000
Lot size 0.14 Acres

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 13843

Utilities

Cooling system Window Unit(s)

Building Details

Year built 1956
Floors in Building 2
Number of units 8
Building materials Brick
Roof type Composition
Buildings 1
Listing Agency: HomeSmart Connect · HomeSmart International
Listed By: Andy Walton · License #475191288
Added: Oct 12 Changed: Oct 25 Last Checked: Nov 9 at 7:06AM
MLS# 12741183

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This 8-unit brick apartment building in Elgin was built in 1956 and sits on a 0.14-acre lot. All apartments are occupied. Six units received updates after September 2023; Units 2 and 4 have not been updated. Building systems include boiler heat, individual window air-conditioning units, a composition roof replaced in 2024, and a water heater installed in 2022. The property is zoned MULTI and is being sold as-is.

The property is near restaurants, convenience stores, business offices, and single-family neighborhoods.

Key Highlights

  • Eight apartments, all currently occupied
  • Six units updated since September 2023; Units 2 and 4 remain unimproved
  • Tear‑off roof completed in 2024

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

8
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

368
Businesses Nearby

Demographics for 60123, IL

47,932
Population
18,129
Households
2.6
Avg Household Size
37
Median Age
24%
College-Educated
84%
High-School Grad
14.0 sq mi
ZIP Area
3,424
Density / Sq Mi
$86,762
Median Household Income
$40,288
Median Earnings
$1,226
Median Rent
$242,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Boiler heating and individual window air-conditioning units serve the apartments in this brick multifamily property.
Where is this apartment building located?
The property is located at 809 South Street Elgin, IL.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Eight apartments, all currently occupied; Six units updated since September 2023; Units 2 and 4 remain unimproved; Tear‑off roof completed in 2024
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