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    Elgin, IL
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    Elgin, IL Apartment Buildings for Sale

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    Wauconda, IL Algonquin, IL Bartlett, IL South Elgin, IL Streamwood, IL Saint Charles, IL Carpentersville, IL Barrington Hills, IL
    Brick Multifamily Building
    Updated: Jun 20
    Brick Multifamily Building

    75 N Lyle Avenue, Elgin, IL 60123

    $930,000
    0.27 AC lot
    Six‑unit multifamily building
    0.27‑acre lot
    Brick construction
    All‑electric building
    Built in 1972
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    Mixed-Use Office Conversion Opportunity
    Updated: Jul 10, 2025
    Mixed-Use Office Conversion Opportunity

    215 South Northwest Highway, Barrington, IL 60010

    $999,000
    31,926 sqft
    Built in 1985, mixed‑use building at 215 & 217 S Northwest Highway, Barrington, IL
    Currently features 9 office units (4 on the main level)
    Village of Barrington approval for converting the second floor to 7 residential apartments
    Second‑floor conversion plan includes architectural approval for two 2‑bedroom units and five 1‑bedroom units
    Property includes ample parking and is currently zoned for diverse commercial use such as retail or office
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    All-Electric 6-Unit Apartment Building
    All-Electric 6-Unit Apartment Building

    75 North Lyle Avenue, Elgin, IL 60123

    $930,000

    Six-unit all-electric apartment building offered for sale in Elgin.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    14-Unit Apartment Building
    14-Unit Apartment Building

    33 Lynch St, Elgin, IL 60123

    Contact for pricing

    Fourteen-unit multifamily property with recent unit renovations, a newer boiler, and a five-year shingle roof.

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    Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 4 Active listings in Elgin, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 68 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Move-in Ready Condo with Balcony
    Move-in Ready Condo with Balcony

    206 Glasgow Lane #B206, Schaumburg, IL 60194

    $285,000
    1,350 sqft

    Second-floor 3 bed, 2 bath condo with cathedral ceilings.

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    Seven-Cottage Apartment Property
    Seven-Cottage Apartment Property

    320-380 Highland Avenue, Algonquin, IL 60102

    $900,000
    1.40 AC lot

    Wooded multifamily setting with Fox River views and MULTI zoning.

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    Apartment Building Investment Property
    Apartment Building Investment Property

    21 Kristin Dr, Schaumburg, IL 60195

    Contact for pricing

    The Apartments at XXI is a Schaumburg apartment complex positioned about 30 minutes from Downtown Chicago.

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    Seven-Cottage Residential Income Property
    Seven-Cottage Residential Income Property

    320-380 Highland Avenue, Algonquin, IL 60102

    Contact for pricing
    1.45 AC lot

    Seven distinct cottages on a wooded parcel with Fox River views, offering an investor-oriented multifamily configuration.

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    Off-Market Properties in Elgin, IL

    Consider similar Off-Market properties in Elgin, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    286 Silver Ct
    APARTMENT HOUSE (5+ UNITS)

    286 Silver Ct, Elgin, IL 60123-3563

    $315,000
    Estimated value
    9,330 sqft 0.27 AC lot
    View details
    401 Chicago St
    APARTMENT HOUSE (5+ UNITS)

    401 Chicago St, Elgin, IL 60120-5772

    $4,305,000
    Estimated value
    47,760 sqft 0.01 AC lot
    View details
    1274 Getzelman Dr
    APARTMENT HOUSE (5+ UNITS)

    1274 Getzelman Dr, Elgin, IL 60123-2002

    $620,000
    Estimated value
    6,396 sqft
    View details
    1596 Mark Ave
    APARTMENT HOUSE (5+ UNITS)

    1596 Mark Ave, Elgin, IL 60123-2902

    $600,000
    Estimated value
    4,992 sqft
    View details
    Mclean Blvd
    APARTMENT HOUSE (5+ UNITS)

    Mclean Blvd, Elgin, IL 60123

    $195,000
    Estimated value
    5.88 AC lot
    View details
    1236 Robinwood Dr, Unit 40
    APARTMENT HOUSE (5+ UNITS)

    1236 Robinwood Dr, Elgin, IL 60123-1301

    Unit 40
    $735,000
    Estimated value
    16,785 sqft 0.58 AC lot
    View details
    510 Autumn Ct
    APARTMENT HOUSE (5+ UNITS)

    510 Autumn Ct, Elgin, IL 60123-2574

    $2,800,000
    Estimated value
    16,378 sqft 1.12 AC lot
    View details
    505 Autumn Ct
    APARTMENT HOUSE (5+ UNITS)

    505 Autumn Ct, Elgin, IL 60123-2544

    $2,800,000
    Estimated value
    16,378 sqft 1.38 AC lot
    View details
    515 Autumn Ct
    APARTMENT HOUSE (5+ UNITS)

    515 Autumn Ct, Elgin, IL 60123-2577

    $2,800,000
    Estimated value
    16,330 sqft 1.36 AC lot
    View details
    1856 Mark Ave
    APARTMENT HOUSE (5+ UNITS)

    1856 Mark Ave, Elgin, IL 60123-1979

    $775,000
    Estimated value
    7,504 sqft 0.34 AC lot
    View details
    865 Smt St
    APARTMENT HOUSE (UNDER 5 UNITS)

    865 Smt St, Elgin, IL 60120-4315

    $875,000
    Estimated value
    10,292 sqft 1.81 AC lot
    View details
    432 Smt St
    APARTMENT HOUSE (5+ UNITS)

    432 Smt St, Elgin, IL 60120-3853

    $220,000
    Estimated value
    3,955 sqft 0.20 AC lot
    View details
    470 Douglas Ave
    APARTMENT HOUSE (5+ UNITS)

    470 Douglas Ave, Elgin, IL 60120-3680

    $250,000
    Estimated value
    3,168 sqft 0.24 AC lot
    View details
    1640 Mark Ave
    APARTMENT HOUSE (5+ UNITS)

    1640 Mark Ave, Elgin, IL 60123-1987

    $830,000
    Estimated value
    7,104 sqft
    View details
    251 Villa St, Unit 55
    APARTMENT HOUSE (5+ UNITS)

    251 Villa St, Elgin, IL 60120-6697

    Unit 55
    $900,000
    Estimated value
    6,198 sqft 0.19 AC lot
    View details
    2175 Vernon Dr
    APARTMENT HOUSE (5+ UNITS)

    2175 Vernon Dr, Elgin, IL 60123-4957

    $2,400,000
    Estimated value
    5,805 sqft
    View details
    304 Mtn St
    APARTMENT HOUSE (5+ UNITS)

    304 Mtn St, Elgin, IL 60123-5491

    $400,000
    Estimated value
    4,665 sqft 0.15 AC lot
    View details
    450 Belmont Ave
    APARTMENT HOUSE (5+ UNITS)

    450 Belmont Ave, Elgin, IL 60123-4603

    $1,575,000
    Estimated value
    8,216 sqft 0.67 AC lot
    View details
    1440 Getzelman Dr, Unit 50
    APARTMENT HOUSE (5+ UNITS)

    1440 Getzelman Dr, Elgin, IL 60123-2055

    Unit 50
    $975,000
    Estimated value
    7,848 sqft 0.55 AC lot
    View details
    24 Lynch St
    APARTMENT HOUSE (5+ UNITS)

    24 Lynch St, Elgin, IL 60123-5462

    $345,000
    Estimated value
    6,188 sqft
    View details

    Elgin, IL Apartment Buildings Market Trends and Statistics

    Explore 72 apartment buildings for sale in Elgin, IL, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 31,926 square feet of properties for sale, with an estimated market value of $2,859,000.

    Sale prices for two-family homes in Elgin, IL start at $930,000, averaging $953,000, and reaching up to $999,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 124K
    Population Growth (5Y) +2.9%
    Median Household Income $93,679
    College Educated 31.3%

    High-Yield Neighborhoods for Investment

    Identify Elgin submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    60123 $786.7K

    Taxes & Financing

    Tax Rate (average for all types) 9.70%
    Property Tax per SF $55.97 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lake County

    New Delisted

    Property Size Breakdown

    The majority of commercial real estate listings in Elgin fall within the 100,000+ square foot range.

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    • 60123
    • 60010

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