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    Elgin, IL
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    Elgin, IL Multifamily Properties for Sale

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    Wauconda, IL Algonquin, IL Bartlett, IL Streamwood, IL South Elgin, IL Carpentersville, IL Barrington Hills, IL St Charles, IL
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    Duplex Residence with Finished Basement
    Updated: Jul 9
    Duplex Residence with Finished Basement

    386 E Chicago Street, Elgin, IL 60120

    $499,900
    0.33 AC lot
    Upper‑level unit currently rented for $925/month with in‑unit laundry, gas log fireplace, and a private balcony via French door.
    Year built 1900 with cedar construction materials and forced‑air natural gas heating.
    4 bathrooms total, including back‑to‑back full baths: one with whirlpool tub and one with walk‑in shower.
    Full finished basement with rec room, den, workshop area, and added laundry.
    Detached 2.5‑car garage with attached heated office for an in‑home business or work area.
    View details
    Mixed-Use Building with Office Units
    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.
    View details
    Six-Unit All-Electric Multifamily Building
    Six-Unit All-Electric Multifamily Building

    75 N Lyle Avenue, Elgin, IL 60123

    $930,000
    0.27 AC lot

    For sale six-unit multifamily building with all-electric setup, located on a small lot under MULTI zoning.

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    Elgin Development Opportunity
    Elgin Development Opportunity

    880 Summit St, Elgin, IL 60120

    $1,900,000
    17,000 sqft

    Approved for residential and retail development in Elgin, Illinois.

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    Multi-Family Property with Lake Views
    Multi-Family Property with Lake Views

    217 W Main Street, Lake Zurich, IL 60047

    $1,499,999

    Two independent units with dual kitchens and laundry, fully rebuilt and permit-approved, positioned directly across from Lake Zurich.

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    Two-Flat Duplex with Finished Basement
    Two-Flat Duplex with Finished Basement

    1000 Dundee Avenue, East Dundee, IL 60118

    $390,000

    Two-unit income property with a finished basement and a two-car garage, served by a private well and optional city hookup.

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    Three-Unit Victorian Income Property
    Three-Unit Victorian Income Property

    1105 Morton Avenue, Elgin, IL 60120

    $435,000

    Well-maintained 3-flat offering three separate residential units and a 3-car garage for off-street parking.

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    Five-Unit Apartment Building
    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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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 8 Active listings in Elgin, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 64 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.

    Spacious Duplex in Desirable Community
    Spacious Duplex in Desirable Community

    627 Chardonnay Lane, Crystal Lake, IL 60014

    $585,000
    3,000 sqft

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

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    Cottages with Fox River Views
    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.

    View details
    Crystal Lake Two-Unit Investment Property
    Crystal Lake Two-Unit Investment Property

    40 S WALKUP Avenue, Crystal Lake, IL 60014

    $321,815
    0.27 AC lot

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

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    Seven-Cottage Residential Income Property
    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.

    View details

    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.

    Land For Sale, Lakemoor, IL
    Land For Sale, Lakemoor, IL

    27 Oyster Bay, Lakemoor, IL 60051

    Contact for pricing
    0.12 AC lot

    Commercial land available in Lakemoor, Illinois.

    View details
    University Park Developable Land
    University Park Developable Land

    976 Mesa Court, University Park, IL 60484

    Contact for pricing
    3.20 AC lot

    3.2 acres with 24 concrete housing pads in University Park.

    View details
    Wooded Homesite in Wheatfield, Indiana
    Wooded Homesite in Wheatfield, Indiana

    4418 Oakland Court, Wheatfield, IN 46392

    Contact for pricing
    0.57 AC lot

    Spacious, wooded 0.57-acre lot in established neighborhood.

    View details
    Deeded RV Recreational Lot
    Deeded RV Recreational Lot

    V/L E Kissing Oaks Trail, Custer, MI 49405

    $39,900
    0.96 AC lot

    Deeded lot with a newly excavated site, entry, and driveway, backing Manistee National Forest.

    View details

    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.

    286 Silver Ct
    APARTMENT HOUSE (5+ UNITS)

    286 Silver Ct, Elgin, IL 60123-3563

    Value Estimation by Request
    9,330 sqft 0.27 AC lot
    View details
    401 Chicago St
    APARTMENT HOUSE (5+ UNITS)

    401 Chicago St, Elgin, IL 60120-5772

    $5,010,000
    Estimated value
    47,760 sqft 0.01 AC lot
    View details
    1274 Getzelman Dr
    APARTMENT HOUSE (5+ UNITS)

    1274 Getzelman Dr, Elgin, IL 60123-2002

    $835,000
    Estimated value
    6,396 sqft
    View details
    1596 Mark Ave
    APARTMENT HOUSE (5+ UNITS)

    1596 Mark Ave, Elgin, IL 60123-2902

    Value Estimation by Request
    4,992 sqft
    View details
    Mclean Blvd
    APARTMENT HOUSE (5+ UNITS)

    Mclean Blvd, Elgin, IL 60123

    Value Estimation by Request
    5.88 AC lot
    View details
    1236 Robinwood Dr, Unit 40
    APARTMENT HOUSE (5+ UNITS)

    1236 Robinwood Dr, Elgin, IL 60123-1301

    Unit 40
    $735,000
    Estimated value
    16,785 sqft 0.58 AC lot
    View details
    510 Autumn Ct
    APARTMENT HOUSE (5+ UNITS)

    510 Autumn Ct, Elgin, IL 60123-2574

    $2,800,000
    Estimated value
    16,378 sqft 1.12 AC lot
    View details
    505 Autumn Ct
    APARTMENT HOUSE (5+ UNITS)

    505 Autumn Ct, Elgin, IL 60123-2544

    $2,800,000
    Estimated value
    16,378 sqft 1.38 AC lot
    View details
    515 Autumn Ct
    APARTMENT HOUSE (5+ UNITS)

    515 Autumn Ct, Elgin, IL 60123-2577

    $2,800,000
    Estimated value
    16,330 sqft 1.36 AC lot
    View details
    1856 Mark Ave
    APARTMENT HOUSE (5+ UNITS)

    1856 Mark Ave, Elgin, IL 60123-1979

    $775,000
    Estimated value
    7,504 sqft 0.34 AC lot
    View details
    865 Smt St
    APARTMENT HOUSE (UNDER 5 UNITS)

    865 Smt St, Elgin, IL 60120-4315

    $875,000
    Estimated value
    10,292 sqft 1.81 AC lot
    View details
    432 Smt St
    APARTMENT HOUSE (5+ UNITS)

    432 Smt St, Elgin, IL 60120-3853

    Value Estimation by Request
    3,955 sqft 0.20 AC lot
    View details
    470 Douglas Ave
    APARTMENT HOUSE (5+ UNITS)

    470 Douglas Ave, Elgin, IL 60120-3680

    Value Estimation by Request
    3,168 sqft 0.24 AC lot
    View details
    1640 Mark Ave
    APARTMENT HOUSE (5+ UNITS)

    1640 Mark Ave, Elgin, IL 60123-1987

    $830,000
    Estimated value
    7,104 sqft
    View details
    251 Villa St, Unit 55
    APARTMENT HOUSE (5+ UNITS)

    251 Villa St, Elgin, IL 60120-6697

    Unit 55
    $900,000
    Estimated value
    6,198 sqft 0.19 AC lot
    View details
    2175 Vernon Dr
    APARTMENT HOUSE (5+ UNITS)

    2175 Vernon Dr, Elgin, IL 60123-4957

    $2,400,000
    Estimated value
    5,805 sqft
    View details

    Elgin, IL Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Elgin, IL, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 17,000 square feet of properties for sale, with an estimated market value of $1,900,000.

    Sale prices for multifamily properties in Elgin, IL start at $1,900,000, averaging $1,900,000, and reaching up to $1,900,000 — 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 3
    Duplexes 2
    Triplexes 1

    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 $640K
    60120 $1.5M

    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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    Most Searched ZIP Codes in Elgin, IL

    • 60120
    • 60123
    • 60010
    • 60047
    • 60118

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