8-Unit Apartment
New
For Sale
$749,000
809 South Street, Elgin, IL 60123
Commercial Sale, Elgin, IL
Property SizeContact for details
Lot Size2.00 Acres
Days on Market2
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 5, Bathroom 6, Bathroom 3, Bathroom 1, Bathroom 2, Bathroom 4, Bathroom 7, Bathroom 8
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
APN
06231020030000
Lot size
2.00 Acres
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
Listing Agency:
HomeSmart Connect · HomeSmart International
Listed By:
Andy Walton · License #475191288
(847) 495-5000
Added: Oct 12
Changed: Oct 13
Last Checked: Oct 13 at 6:06AM
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.
Investment Insights
Based on property information with market context.
This 8-unit apartment building in Elgin was constructed in 1956 and has brick construction. All units are currently rented. Six apartments have been updated since September 2023; Units #2 and #4 have not been updated. The building uses boiler heat, with an individual window A/C unit in each apartment.
Recent property work includes a tear-off roof completed in 2024 and a water heater installed in 2022. The property occupies a 2-acre lot and is zoned MULTI. Nearby context includes restaurants, convenience stores, business offices, and single-family neighborhoods.
Recent property work includes a tear-off roof completed in 2024 and a water heater installed in 2022. The property occupies a 2-acre lot and is zoned MULTI. Nearby context includes restaurants, convenience stores, business offices, and single-family neighborhoods.
Key Highlights
- Eight apartments; all units are currently rented
- Six units updated since September 2023; Units #2 and #4 remain unimproved
- Tear‑off roof completed in 2024
Property Analytics
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Current Use
Lease Details
8
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
368
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Current occupancy is established, and several apartments have received recent interior updates.
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 units are currently rented; Six units updated since September 2023; Units #2 and #4 remain unimproved; Tear‑off roof completed in 2024
