Elgin, IL Apartment Buildings for Sale

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Wauconda, IL Bartlett, IL Streamwood, IL

Mixed-Use Investment Opportunity, Barrington, IL

$999,000

0.73 Acres

Mixed-Use Investment Opportunity, Barrington, IL

215 S Northwest Highway, Barrington, IL 60010

Mixed-use property near downtown Barrington with potential for residential conversion.

Approved conversion to 7 apartments (2 x 2‑bedroom, 5 x 1‑bedroom) on the second floor, offering significant rental income potential.
Prime location on Route 14, near Downtown Barrington and the Metra Train Station.
Zoned for diverse commercial use (retail, office, mixed‑use), providing flexibility for various business ventures.
Ample parking and high visibility, attracting customers and tenants.
Currently configured with 9 office units, providing immediate income while planning conversions.

Updated: Jul 15, 2025

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$1,400,000

1.45 Acres

Lake Zurich Mixed-Use Redevelopment

Hoffman Estates, IL 60047

Mixed-use property in high-traffic area with redevelopment potential.

High‑traffic location on Route 12 with 37,000+ vehicles passing daily
Existing mixed‑use building generating $100,800 in annual rental income
B‑3 zoning allows for flexible commercial or mixed‑use development
Approximately one acre of undeveloped land for additional construction
Located in Lake Zurich's primary retail corridor near major national retailers

Updated: Aug 13, 2025

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$1,400,000

6,259 SF

Lake Zurich Redevelopment Opportunity

Prime 1.45-acre site with mixed-use building for redevelopment.

898 S Rand Road, Lake Zurich, IL 60047

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Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 3 Active listings in Elgin, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 69 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

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

$849,788

0.06 Acres

Prospect Heights Multifamily For Sale

Multifamily property for sale in Prospect Heights, Illinois.

512 Piper Lane, Prospect Heights, IL 60070

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Prospect Heights Multifamily Investment Opportunity

$849,788

3,376 SF

Prospect Heights Multifamily Investment Opportunity

Multifamily property in Prospect Heights, IL, ideal for investors.

512 Piper Lane, Prospect Heights, IL 60070

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$3,200,000

24-Unit Multifamily Property For Sale

Well-maintained 24-unit multifamily property in Hanover Park, Illinois.

2460 Leslie Ln, Hanover Park, IL 60133

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$3,200,000

Hanover Park Multifamily Investment Opportunity

24-unit multifamily property in Hanover Park, Illinois for sale.

2460 Leslie Ln, Hanover Park, IL 60133

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

$2,850,000

29.20 Acres

Prime Development Land, Springfield MO

29.2 acres of retail-zoned land for mixed-use development.

N West Bypass, Springfield, MO 65802

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$2,500,000

5.94 Acres

Asheville Development Opportunity: 5.94 Acres

5.94-acre parcel zoned RM6, ideal for multi-family development.

215 N Bear Creek Road, Asheville, NC 28806

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$650,000

3.70 Acres

Land Near Shepherd University

Prime land near Shepherd University with development potential.

8285 MARTINSBURG Pike, Shepherdstown, WV 25443

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$699,900

1.33 Acres

Greenville Development Opportunity: 1.33 Acres

1.33 acre parcel suitable for multi-family development near downtown.

71 Salters Road, Greenville, SC 29607

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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.

APARTMENT HOUSE (5+ UNITS) • 4,992 SF

Value Estimation by Request

1596 Mark Ave, Elgin, IL 60123-2902

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APARTMENT HOUSE (5+ UNITS) • 3,955 SF

Value Estimation by Request

432 Smt St, Elgin, IL 60120-3853

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APARTMENT HOUSE (5+ UNITS) • 4,665 SF

Value Estimation by Request

304 Mtn St, Elgin, IL 60123-5491

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450 Belmont Ave

APARTMENT HOUSE (5+ UNITS) • 8,216 SF

Value Estimation

$1,575,000

450 Belmont Ave, Elgin, IL 60123-4603

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1440 Getzelman Dr, Unit 50

APARTMENT HOUSE (5+ UNITS) • 7,848 SF

Value Estimation

$1,160,000

1440 Getzelman Dr, Elgin, IL 60123-2055

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24 Lynch St

APARTMENT HOUSE (5+ UNITS) • 6,188 SF

Value Estimation by Request

24 Lynch St, Elgin, IL 60123-5462

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1147 Fairwood Dr

APARTMENT HOUSE (5+ UNITS) • 17,994 SF

Value Estimation

$1,575,000

1147 Fairwood Dr, Elgin, IL 60123-1451

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Elgin, IL Apartment Buildings Investment Opportunities Market Analysis

Explore 72 apartment buildings for sale in Elgin, IL, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 6,259 square feet of properties for sale, with an estimated market value of $1,400,000.

Sale prices for two-family homes in Elgin, IL start at $1,400,000, averaging $1,400,000, and reaching up to $1,400,000 — 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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Property Size Breakdown

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

Demographics Overview

Population 124K

Population Growth (5Y) +2.9%

Median Household Income $93,679

College Educated 31.3%

Taxes & Financing

Tax Rate (average for all types) 9.70%

Property Tax per SF $55.97 per sq ft

Average Loan-to-Value 65.0%

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Elgin, IL Apartment Buildings for Sale

Mixed-Use Investment Opportunity, Barrington, IL

Mixed-use property near downtown Barrington with potential for residential conversion.

Lake Zurich Mixed-Use Redevelopment

Mixed-use property in high-traffic area with redevelopment potential.

Lake Zurich Redevelopment Opportunity

Opportunities in Nearby Cities

Prospect Heights Multifamily For Sale

Prospect Heights Multifamily Investment Opportunity

24-Unit Multifamily Property For Sale

Hanover Park Multifamily Investment Opportunity

Potential Development Sites for Consideration

Prime Development Land, Springfield MO

Asheville Development Opportunity: 5.94 Acres

Land Near Shepherd University

Greenville Development Opportunity: 1.33 Acres

Off-Market Properties in Elgin, IL

286 Silver Ct

401 Chicago St

1274 Getzelman Dr

1596 Mark Ave

Mclean Blvd

1236 Robinwood Dr, Unit 40

510 Autumn Ct

505 Autumn Ct

515 Autumn Ct

1856 Mark Ave

865 Smt St

432 Smt St

470 Douglas Ave

1640 Mark Ave

251 Villa St, Unit 55

2175 Vernon Dr

304 Mtn St

450 Belmont Ave

1440 Getzelman Dr, Unit 50

24 Lynch St

1147 Fairwood Dr

Elgin, IL Apartment Buildings Investment Opportunities Market Analysis

Property Size Breakdown

Demographics Overview

Taxes & Financing

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