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6-Unit Brick Apartment Building
For Sale
Under Contract
$930,000

75 N Lyle Avenue, Elgin, IL 60123

Commercial Sale, Elgin, IL

Property SizeContact for details
Lot Size0.27 Acres
Days on Market108

Property Features for 75 N Lyle Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 12
Bathrooms 12
Full bathrooms 12
Rooms Bathroom 1, Bedroom 2, Bedroom 7, Bedroom 11, Bedroom 5, Bedroom 9, Bathroom 5, Bedroom 3, Bedroom 8, Bathroom 3, Bathroom 10, Bathroom 7, Bedroom 6, Bathroom 6, Bathroom 12, Bathroom 4, Bedroom 4, Bedroom 10, Bedroom 1, Bathroom 2, Bedroom 12, Bathroom 11, Bathroom 9, Bathroom 8
Directions Randall To Highland East to Lyle South to 75 N Lyle.
Subdivision Elgin
Standard status Active Under Contract
APN 0615304004
Lot size 0.27 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 16228

Building Details

Year built 1972
Floors in Building 2
Number of units 6
Building materials Brick
Roof type Composition
Listing Agency: Kale Realty
Listed By: Jayesh Parekh · License #475149245
Added: Jun 20 Changed: Sep 16 Last Checked: Oct 5 at 1:06PM
MLS# 12683940

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 6-unit apartment property at 75 N Lyle Avenue in Elgin, Illinois, is a brick-built multifamily asset completed in 1972. The building is served entirely by electric systems and has a composition roof. MULTI zoning supports its apartment-building classification.

The property occupies 0.27 acres in Elgin’s 60123 postal area, within Kane County. The unit count, masonry construction, all-electric operation, and established building vintage provide a clear physical profile for evaluating the asset.

Key Highlights

  • 6‑unit apartment building
  • Brick construction completed in 1972
  • 0.27‑acre site at 75 N Lyle Avenue

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage Skin Care Clinic Electrical Service Bakery Auto Parts Store Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily property with electric systems, brick construction, and MULTI zoning 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: 6‑unit apartment building; Brick construction completed in 1972; 0.27‑acre site at 75 N Lyle Avenue
More about this property
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