Courtesy of: Andy Walton, HomeSmart Connect, waltons@waltonrealtors.com
Courtesy of: Andy Walton, HomeSmart Connect, waltons@waltonrealtors.com
$749,000
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8.00 Bath (8 Full)
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Lot: 0.14 Acres
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Other
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$749,000
809 South Street 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.
Courtesy of: Andy Walton, HomeSmart Connect, waltons@waltonrealtors.com
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