Elgin, IL Multifamily Properties for Sale

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$489,900

Spacious Elgin Duplex Near Park

1583-1585 Sheffield Drive, Elgin, IL 60123

Large side-by-side duplex with updated unit and rental potential.

Live in the updated side (1585) featuring stainless appliances, custom light fixtures, and a deck, while renting out the other side (1583).
Each side offers 3 bedrooms, 1.1 baths, and finished basements.
All mechanical systems have been replaced in the last 4 years.
Convenient location next to a park, close to shopping, the Metra, and the highway.
Spacious backyard.

Updated: Mar 18

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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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$175,000

Elgin Redevelopment Opportunity

Full gut rehab with redevelopment potential in Elgin, Illinois.

677 Wellington Avenue, Elgin, IL 60120

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$489,900

Spacious Duplex with Updated Unit

Large side-by-side duplex with updated unit, near park.

1583-1585 Sheffield Drive, Elgin, IL 60123

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$1,400,000

1.45 Acres

Lake Zurich Mixed-Use Redevelopment

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

Hoffman Estates, IL 60047

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$2,499,000

17,000 SF

Elgin Development Opportunity

Approved for residential and retail development in Elgin, Illinois.

880 Summit St, Elgin, IL 60120

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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 193 Potential Opportunities for your consideration. Besides 7 Active listings in Elgin, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 178 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Explore Opportunities in Nearby Cities

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

$475,000

0.30 Acres

Renovated Triplex in Downtown Huntley

Turnkey investment opportunity near downtown Huntley with strong cash flow.

11611 Main Street, Huntley, IL 60142

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$899,000

5.00 Acres

Huntley Land Investment Opportunity

Land in Huntley, IL, offering potential for multifamily investment.

9204 Haligus Road, Huntley, IL 60142

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$629,000

3,000 SF

Spacious Duplex in Desirable Community

Well-maintained duplex with investment potential in Crystal Lake, Illinois.

627 Chardonnay Lane, Crystal Lake, IL 60014

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Crystal Lake Two-Unit Investment Property

$321,815

0.27 Acres

Crystal Lake Two-Unit Investment Property

Two-unit property near downtown Crystal Lake amenities and transportation.

40 S WALKUP Avenue, Crystal Lake, IL 60014

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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.

Contact for pricing

3.20 Acres

University Park Developable Land

3.2 acres with 24 concrete housing pads in University Park.

976 Mesa Court, University Park, IL 60484

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Contact for pricing

0.12 Acres

Vacant Lot in Gated Community

Vacant lot in gated community with many amenities for seasonal living.

2795 E 28th Lot 1205 Road, Seneca, IL 61360

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$550,000

4.00 Acres

Waterfront Land on Fish Lake

4+ acres of waterfront property on crystal-clear Fish Lake.

W12381 COUNTY ROAD GG, Hancock, WI 54943

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Contact for pricing

0.67 Acres

Residential Land in Riverdale

Vacant residential land suitable for building or mobile home placement.

TBD N Lumberjack Road, Riverdale, MI 48877

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Explore 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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Elgin, IL Multifamily Properties Investment Opportunities Market Analysis

Explore 185 multifamily properties for sale in Elgin, IL, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 2,379,878 square feet of properties for sale, with an estimated market value of $83,625,000.

Sale prices for multifamily properties in Elgin, IL start at $195,000, averaging $853,316, and reaching up to $15,195,000 — 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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Elgin, IL Multifamily Properties for Sale

Spacious Elgin Duplex Near Park

Large side-by-side duplex with updated unit and rental potential.

Mixed-Use Investment Opportunity, Barrington, IL

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

Elgin Redevelopment Opportunity

Spacious Duplex with Updated Unit

Lake Zurich Mixed-Use Redevelopment

Elgin Development Opportunity

Lake Zurich Redevelopment Opportunity

Explore Opportunities in Nearby Cities

Renovated Triplex in Downtown Huntley

Huntley Land Investment Opportunity

Spacious Duplex in Desirable Community

Crystal Lake Two-Unit Investment Property

Potential Development Sites for Consideration

University Park Developable Land

Vacant Lot in Gated Community

Waterfront Land on Fish Lake

Residential Land in Riverdale

Explore 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

Elgin, IL Multifamily Properties Investment Opportunities Market Analysis

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