NEW

For sale

$749,000

Est. $5,543/mo —

Studio

•

8 ba

•

2,880

sq ft

809 South St, Elgin, IL 60123

About this home

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.

Multi-familyProperty Type

1956Year Built

2 acresLot Size

$260Price/Sq.Ft.

Listed by Andy Walton • HomeSmart Connect

Listed by Noel Walton • HomeSmart Connect

Listing updated: Oct 12, 2026 at 02:46pm

Redfin checked: 2 minutes ago

•Source:MRED as Distributed by MLS Grid #12741183

Payment calculator

$5,543 per month

Principal and interest$4,190

Property taxes

$1,154

HOA dues

Home insurance

$200

Utilities

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Next available date: Tuesday, October 13

Open houses

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Nearby open houses (10)

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OPEN SAT, 11AM TO 1PM
$340,000
3 beds2.5 baths1,847 sq ft
1134 Spinnaker St, Pingree Grove, IL 60140
OPEN SAT, 11AM TO 1PM
$344,900
4 beds3 baths2,140 sq ft
1317 Seabury Cir, Carol Stream, IL 60188
OPEN SAT, 12PM TO 3PM
$289,900
2 beds2 baths1,200 sq ft
201 Brittany Dr Unit A, Streamwood, IL 60107
OPEN SAT, 12PM TO 2PMVIDEO TOUR
$372,500
3 beds2.5 baths1,840 sq ft
1032 Moraine Dr, South Elgin, IL 60177
OPEN SAT, 12PM TO 2PM3D WALKTHROUGH
$359,900
2 beds2.5 baths1,789 sq ft
306 Remington Dr, St Charles, IL 60175
OPEN SAT, 12PM TO 2PM
$571,800
4 beds2.5 baths2,826 sq ft
1490 Pheasant Trail Ct, Hoffman Estates, IL 60192
OPEN SUN, 11AM TO 1PM
$589,000
4 beds2 baths2,000 sq ft
418 S Hough St, Barrington, IL 60010
OPEN SUN, 12PM TO 3PM
$650,000
4 beds2.5 baths2,932 sq ft
3635 Ancient Oak Dr, Elgin, IL 60124

Around this home

Schools

K - 12
Preschool & daycare

Washington Elementary School

Public PreK-6 • Assigned • 0.3mi

5/10

Abbott Middle School

Public 7-8 • Assigned • 0.3mi

3/10

Larkin High School

Public PreK-12 • Assigned • 0.8mi

3/10

Provided by GreatSchools

About Sunset

Park

Sunset Park, located between Downtown Elgin and the Fox River, is a residential and park-centered Elgin neighborhood with tree-lined blocks and a classic neighborhood green. The neighborhood’s character concentrates around the Sunset Park grounds along Park Street, where ballfields, playground energy, and shaded paths set the daily rhythm. Housing reads as early-to-mid 20th-century, with compact lots, front porches, and mature canopy trees. The Fox River Trail frames the edge with a steady flow of walkers and cyclists. Lords Park Zoo and the Hemmens Cultural Center add local tradition and a calendar of events. Downtown’s independent cafes and galleries sit nearby for a change of pace.

Provided by Walk Score and Local Logic

Property details

Interior
Exterior
Finance

Kitchen
8 ranges

Bathrooms
One full bathroom per unit

Heating & cooling
Gas, hot water heating
Window air conditioning
8 window air-conditioning units

Sale and tax history for 809 South St

Sale History
Tax History

Year

Property tax

Land + Additions

Assessment*

2025

$13,843 (+3.5%)

$22,732 + $158,714

$181,446

2024

$13,375 (+3.9%)

$22,732 + $158,714

$181,446

2023

$12,871 (+7.8%)

$20,938 + $146,186

$167,124

2022

$11,938 (+4.0%)

$18,916 + $132,068

$150,984

2021

$11,483 (+2.5%)

$17,248 + $120,423

$137,671

2020

$11,207 (+2.5%)

$16,126 + $112,587

$128,713

2019

$10,932 (+0.3%)

$14,665 + $102,383

$117,048

2018

$10,902 (−4.4%)

$14,665 + $102,383

$117,048

2017

$11,406 (+4.0%)

$13,815 + $96,451

$110,266

2016

$10,972 (+0.3%)

$13,894 + $97,001

$110,895

2015

$10,935 (+12.3%)

$12,890 + $89,991

$102,881

2013

$9,737 (−7.7%)

$11,977 + $83,616

$95,593

2012

$10,553 (+22.8%)

$11,977 + $83,616

$95,593

2011

$8,592 (−4.6%)

$12,937 + $90,318

$103,255

2010

$9,005 (+3.6%)

$16,029 + $86,879

$102,908

2009

$8,691 (+6.0%)

$16,029 + $86,879

$102,908

2008

$8,200 (−14.2%)

$17,184 + $93,138

$110,322

2007

$9,558

$16,632 + $109,129

$125,761

Public record

Beds

—

Baths

—

Stories

—

Lot width

—

Lot depth

—

Lot size

2 Acres

Year renovated

—

Finished Sq. Ft.

—

Unfinished Sq. Ft.

—

Total Sq. Ft.

—

Year built

—

Style

Other

County

Kane County

APN

0623102003

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 8, 2026.

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 102° expected this year, 14 days in 30 years

2/10 Wind Factor

0% chance of strong winds in next 30 years

2/10 Air Factor

1 unhealthy days expected this year, 2 days in 30 years

Provided by First Street

Historical weather

Elgin, IL • 60123

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

Try the sun simulator tool to see how light moves across the property at different times of day and year.

Provided by Shadowmap

Redfin Estimate for 809 South St

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Details provided by MRED as Distributed by MLS Grid and may not match the public record. Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Payment calculator

Affordability tools

See this home in person

Nearby open houses (10)

Around this home

Schools

Property details

Sale and tax history for 809 South St

Public record

Climate risks

Historical weather

Sun exposure

Redfin Estimate for 809 South St

Early Access listings

Nearby similar homes

New listings for sale in 60123

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