Elgin, IL Apartment Buildings for Sale

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Wauconda, IL Algonquin, IL Bartlett, IL

Updated: Jun 20

Six-Unit All-Electric Multifamily Building

75 N Lyle Avenue, Elgin, IL 60123

$930,000

0.27 AC lot

6‑unit multifamily building
Brick construction; built in 1972
Composition roof
All‑electric building

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Updated: Jul 15, 2025

Mixed-Use Building with Office Units

215 S Northwest Highway, Barrington, IL 60010

$999,000

0.73 AC lot

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.

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Five-Unit Apartment Building

316 Lawrence Avenue, Elgin, IL 60123

$500,000

Five-unit residential income building with a basement and attached 5-car garage, including recent roof and unit updates.

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Lake Zurich Mixed-Use Redevelopment

Hoffman Estates, IL 60047

$1,400,000

1.45 AC lot

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

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Based on your search, we've compiled 80 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, 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.

Cottages with Fox River Views

320-380 Highland Avenue, Algonquin, IL 60102

$900,000

1.40 AC lot

Seven unique cottages on a wooded parcel offer Fox River views for residential income in a MULTI-zoned setting.

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24-Unit Multifamily Property For Sale

2460 Leslie Ln, Hanover Park, IL 60133

$3,200,000

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

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Hanover Park Multifamily Investment Opportunity

2460 Leslie Ln, Hanover Park, IL 60133

$3,200,000

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

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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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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.

Prime Development Land, Springfield MO

N West Bypass, Springfield, MO 65802

$2,850,000

29.20 AC lot

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

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Asheville Development Opportunity: 5.94 Acres

215 N Bear Creek Road, Asheville, NC 28806

$2,500,000

5.94 AC lot

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

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Land Near Shepherd University

8285 MARTINSBURG Pike, Shepherdstown, WV 25443

$650,000

3.70 AC lot

Prime land near Shepherd University with development potential.

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Greenville Development Opportunity: 1.33 Acres

71 Salters Road, Greenville, SC 29607

$699,900

1.33 AC lot

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

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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)

286 Silver Ct, Elgin, IL 60123-3563

Value Estimation by Request

9,330 sqft · 0.27 AC lot

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APARTMENT HOUSE (5+ UNITS)

401 Chicago St, Elgin, IL 60120-5772

$5,010,000

Estimated value

47,760 sqft · 0.01 AC lot

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APARTMENT HOUSE (5+ UNITS)

1274 Getzelman Dr, Elgin, IL 60123-2002

$835,000

Estimated value

6,396 sqft

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APARTMENT HOUSE (5+ UNITS)

1596 Mark Ave, Elgin, IL 60123-2902

Value Estimation by Request

4,992 sqft

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APARTMENT HOUSE (5+ UNITS)

Mclean Blvd, Elgin, IL 60123

Value Estimation by Request

5.88 AC lot

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APARTMENT HOUSE (5+ UNITS)

1236 Robinwood Dr, Elgin, IL 60123-1301

Unit 40

$735,000

Estimated value

16,785 sqft · 0.58 AC lot

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APARTMENT HOUSE (5+ UNITS)

510 Autumn Ct, Elgin, IL 60123-2574

$2,800,000

Estimated value

16,378 sqft · 1.12 AC lot

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APARTMENT HOUSE (5+ UNITS)

505 Autumn Ct, Elgin, IL 60123-2544

$2,800,000

Estimated value

16,378 sqft · 1.38 AC lot

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APARTMENT HOUSE (5+ UNITS)

515 Autumn Ct, Elgin, IL 60123-2577

$2,800,000

Estimated value

16,330 sqft · 1.36 AC lot

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APARTMENT HOUSE (5+ UNITS)

1856 Mark Ave, Elgin, IL 60123-1979

$775,000

Estimated value

7,504 sqft · 0.34 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

865 Smt St, Elgin, IL 60120-4315

$875,000

Estimated value

10,292 sqft · 1.81 AC lot

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APARTMENT HOUSE (5+ UNITS)

432 Smt St, Elgin, IL 60120-3853

Value Estimation by Request

3,955 sqft · 0.20 AC lot

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APARTMENT HOUSE (5+ UNITS)

470 Douglas Ave, Elgin, IL 60120-3680

Value Estimation by Request

3,168 sqft · 0.24 AC lot

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APARTMENT HOUSE (5+ UNITS)

1640 Mark Ave, Elgin, IL 60123-1987

$830,000

Estimated value

7,104 sqft

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APARTMENT HOUSE (5+ UNITS)

251 Villa St, Elgin, IL 60120-6697

Unit 55

$900,000

Estimated value

6,198 sqft · 0.19 AC lot

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APARTMENT HOUSE (5+ UNITS)

2175 Vernon Dr, Elgin, IL 60123-4957

$2,400,000

Estimated value

5,805 sqft

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APARTMENT HOUSE (5+ UNITS)

304 Mtn St, Elgin, IL 60123-5491

Value Estimation by Request

4,665 sqft · 0.15 AC lot

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APARTMENT HOUSE (5+ UNITS)

450 Belmont Ave, Elgin, IL 60123-4603

$1,575,000

Estimated value

8,216 sqft · 0.67 AC lot

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APARTMENT HOUSE (5+ UNITS)

1440 Getzelman Dr, Elgin, IL 60123-2055

Unit 50

$1,160,000

Estimated value

7,848 sqft · 0.55 AC lot

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APARTMENT HOUSE (5+ UNITS)

24 Lynch St, Elgin, IL 60123-5462

Value Estimation by Request

6,188 sqft

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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 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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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	$715K

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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Elgin, IL Apartment Buildings for Sale

75 N Lyle Avenue, Elgin, IL 60123

215 S Northwest Highway, Barrington, IL 60010

316 Lawrence Avenue, Elgin, IL 60123

Hoffman Estates, IL 60047

Opportunities in Nearby Cities

320-380 Highland Avenue, Algonquin, IL 60102

2460 Leslie Ln, Hanover Park, IL 60133

2460 Leslie Ln, Hanover Park, IL 60133

320-380 Highland Avenue, Algonquin, IL 60102

Potential Development Sites for Consideration

N West Bypass, Springfield, MO 65802

215 N Bear Creek Road, Asheville, NC 28806

8285 MARTINSBURG Pike, Shepherdstown, WV 25443

71 Salters Road, Greenville, SC 29607

Off-Market Properties in Elgin, IL

286 Silver Ct, Elgin, IL 60123-3563

401 Chicago St, Elgin, IL 60120-5772

1274 Getzelman Dr, Elgin, IL 60123-2002

1596 Mark Ave, Elgin, IL 60123-2902

Mclean Blvd, Elgin, IL 60123

1236 Robinwood Dr, Elgin, IL 60123-1301

510 Autumn Ct, Elgin, IL 60123-2574

505 Autumn Ct, Elgin, IL 60123-2544

515 Autumn Ct, Elgin, IL 60123-2577

1856 Mark Ave, Elgin, IL 60123-1979

865 Smt St, Elgin, IL 60120-4315

432 Smt St, Elgin, IL 60120-3853

470 Douglas Ave, Elgin, IL 60120-3680

1640 Mark Ave, Elgin, IL 60123-1987

251 Villa St, Elgin, IL 60120-6697

2175 Vernon Dr, Elgin, IL 60123-4957

304 Mtn St, Elgin, IL 60123-5491

450 Belmont Ave, Elgin, IL 60123-4603

1440 Getzelman Dr, Elgin, IL 60123-2055

24 Lynch St, Elgin, IL 60123-5462

Elgin, IL Apartment Buildings Market Trends and Statistics

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

Property Size Breakdown

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