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$ 749,000
Est. payment | /mo
2,880 SqFt
$ 749,000
Est. payment | /mo
2,880 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 2,880 sqft
Price per Sqft $260
MLS Listing ID 12741183
Maintenance Fees $26,847
Year Built 1956
Annual Tax Amount $13,843
Tax Year 2025
Lot Size 6,098 Sqft
Lot Dimensions 125 x 54 x 95 x 62
Property Sub-Type Multi Family 5+
Property Description
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.
Location
State IL
County Cook
Area Elgin
Zoning MULTI
Rooms
Basement None
Interior
Cooling Window Unit(s)
Fireplace N
Exterior
Roof Type Composition
Building
Dwelling Type Multi Family 5+
Structure Type Brick
Others
HOA Fee Include None
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Andy Walton of HomeSmart Connect
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