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    Elgin, IL
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    Elgin, IL Multifamily Properties for Sale

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    8 properties
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    Historic Duplex with Detached Garage
    Updated: Jul 9
    Historic Duplex with Detached Garage

    386 E Chicago Street, Elgin, IL 60120

    $474,900
    0.33 AC lot
    Duplex configuration with a primary home and separately rented upper‑level unit
    0.33‑acre lot with mature trees and covered front and rear porches
    Detached 2‑1/2‑car garage with attached heated office
    Finished basement with recreation room, den, workshop area, and laundry
    Upper unit features private balcony, gas log fireplace, and in‑unit laundry
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    Duplex with Unfinished Basement
    Updated: Jul 19
    Duplex with Unfinished Basement

    649 Wellington Avenue, Elgin, IL 60120

    $309,900
    Two‑unit duplex with one 2‑bedroom unit and one 1‑bedroom unit
    8‑car parking area included
    Full unfinished basement
    MULTI zoning designation
    Natural gas forced‑air heating with public water and public sewer
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    6-Unit Brick Apartment Building
    6-Unit Brick Apartment Building

    75 N Lyle Avenue, Elgin, IL 60123

    $930,000
    0.27 AC lot

    Brick multifamily property with all-electric systems, MULTI zoning, and a six-unit configuration.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Two-Unit Duplex with Private Entrances
    Two-Unit Duplex with Private Entrances

    464 Mcclure Ave, Elgin, IL 60123

    $349,600

    Two-bedroom units feature newer furnaces and separate front and rear access.

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    14-Unit Apartment Building
    14-Unit Apartment Building

    33 Lynch St, Elgin, IL 60123

    Contact for pricing

    Fourteen-unit multifamily property with recent unit renovations, a newer boiler, and a five-year shingle roof.

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    Two-Unit Duplex With Separate Entrances
    Two-Unit Duplex With Separate Entrances

    23761 N Cottage Road, Lake Zurich, IL 60047

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    Flexible two-level configuration with private kitchens, bedrooms, bathrooms, and shared laundry facilities.

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    Two-Unit Building with Garage
    Two-Unit Building with Garage

    642 E Chicago Street, Elgin, IL 60120

    Contact for pricing

    Full basement and garage/workshop add functional space to this residential income property.

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    Updated Two-Unit Duplex
    Updated Two-Unit Duplex

    519 W Highland Avenue, Elgin, IL 60123

    Contact for pricing

    Two separate residences feature refreshed interiors, basement access, and a spacious lot in Elgin.

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    Based on your search, we've compiled 77 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 1 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.

    Move-in Ready Condo with Balcony
    Move-in Ready Condo with Balcony

    206 Glasgow Lane #B206, Schaumburg, IL 60194

    $285,000
    1,350 sqft

    Second-floor 3 bed, 2 bath condo with cathedral ceilings.

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    Multifamily Portfolio with Renovation Upside
    Multifamily Portfolio with Renovation Upside

    1000 Sarah Constant Ln., Schaumburg, IL 60194

    Contact for pricing
    15,300 sqft

    Fully leased condominium-based rental portfolio with association-managed exteriors and a mix of one- and two-bedroom apartments.

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    Two-Building Multifamily Apartment Property
    Two-Building Multifamily Apartment Property

    52-60 Elm Ave, Carpentersville, IL 60110

    Contact for pricing

    Two buildings totaling nine 2 bed/1 bath units, with new boilers, water heaters, windows, and 16 parking spaces.

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    130-Unit Apartment Building
    130-Unit Apartment Building

    211 W Main St, Carpentersville, IL 60110

    Contact for pricing
    100,000 sqft

    Apartment property featuring 130 units at a 2025 build year.

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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.

    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.

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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.

    286 Silver Ct
    APARTMENT HOUSE (5+ UNITS)

    286 Silver Ct, Elgin, IL 60123-3563

    $315,000
    Estimated value
    9,330 sqft 0.27 AC lot
    View details
    401 Chicago St
    APARTMENT HOUSE (5+ UNITS)

    401 Chicago St, Elgin, IL 60120-5772

    $4,305,000
    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

    $620,000
    Estimated value
    6,396 sqft
    View details
    1596 Mark Ave
    APARTMENT HOUSE (5+ UNITS)

    1596 Mark Ave, Elgin, IL 60123-2902

    $600,000
    Estimated value
    4,992 sqft
    View details
    Mclean Blvd
    APARTMENT HOUSE (5+ UNITS)

    Mclean Blvd, Elgin, IL 60123

    $195,000
    Estimated value
    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

    $220,000
    Estimated value
    3,955 sqft 0.20 AC lot
    View details
    470 Douglas Ave
    APARTMENT HOUSE (5+ UNITS)

    470 Douglas Ave, Elgin, IL 60120-3680

    $250,000
    Estimated value
    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.

    Sale prices for multifamily properties in Elgin, IL start at $309,900, averaging $516,100, and reaching up to $930,000 — 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

    Duplexes 7
    Apartment buildings 4
    Quadplexes 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
    60120 $404.9K
    60123 $639.8K

    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
    • 60047

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