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6-Unit Apartment Building
For Sale
$930,000

75 N Lyle Avenue, Elgin, IL 60123

The all-electric building contains six residential units in Elgin.

Property SizeContact for details
Days on Market127

Property Features for 75 N Lyle Avenue

General Information

Standard status Active
Property subtype Commercial
Zoning MULTI

Additional Details

Multifamily Units 6

Taxes and HOA fees

Annual Taxes $16,228

Building Details

Year Built 1972
Buildings 1
Stories 2
Units 6
Listing Agency: Kale Realty
Listed By: Jayesh Parekh · License #475149245
Source: Fishmangroup
Added: Jun 20 Changed: Oct 23 Last Checked: Oct 23 at 1:23PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kale Realty

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Investment Insights

Based on property information with market context.

This six-unit apartment building dates to 1972 and uses all-electric systems. Its multifamily configuration is suited to residential rental use.

The property is located in Elgin, Illinois, at 75 N Lyle Avenue. Zoning is designated MULTI.

Key Highlights

  • Six‑unit apartment building
  • All‑electric building
  • Built in 1972

Property Analytics

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Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

1,131
Businesses Nearby

Demographics for 60123, IL

47,932
Population
18,129
Households
2.6
Avg Household Size
37
Median Age
24%
College-Educated
84%
High-School Grad
14.0 sq mi
ZIP Area
3,424
Density / Sq Mi
$86,762
Median Household Income
$40,288
Median Earnings
$1,226
Median Rent
$242,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - The all-electric building contains six residential units in Elgin.
Where is this apartment building located?
The property is located at 75 N Lyle Avenue Elgin, IL.
What is the asking price?
The asking price for this property is $930,000.
What are key features of this property?
This property features: Six‑unit apartment building; All‑electric building; Built in 1972
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