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    Elgin, IL
    Residential Income

    Elgin, IL Residential Income Properties for Sale

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    Bartlett, IL South Elgin, IL Streamwood, IL Carpentersville, IL St Charles, IL Barrington Hills, IL Schaumburg, IL Wayne, IL
    Victorian Duplex with Private Deck
    Updated: Sep 30
    Victorian Duplex with Private Deck

    638 S Hough Street, Barrington, IL 60010

    $595,000
    Two apartments, each with two bedrooms
    Main‑floor unit has 1.5 baths, hardwood flooring, and an updated kitchen
    Upper apartment includes a private deck
    Shared laundry in the basement
    2.5‑car garage
    View details
    6-Unit Brick Apartment Building
    Updated: Jun 20
    6-Unit Brick Apartment Building

    75 N Lyle Avenue, Elgin, IL 60123

    $930,000
    0.27 AC lot
    6‑unit apartment building
    Brick construction completed in 1972
    0.27‑acre site at 75 N Lyle Avenue
    All‑electric building systems
    MULTI zoning
    View details
    Renovated Two-Unit Riverfront Duplex
    Renovated Two-Unit Riverfront Duplex

    649 Wellington Avenue, Elgin, IL 60120

    $309,900

    Updated two-unit property includes unfinished basement storage and on-site parking.

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    Mixed-Use Building in Downtown Barrington
    Mixed-Use Building in Downtown Barrington

    320 E Main St, Barrington, IL 60010

    $775,000
    5,200 sqft

    Updated commercial space with residential apartments in downtown Barrington.

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    55+ Residential Income Property
    55+ Residential Income Property

    1074 Lakeview Rd, Elgin, IL 60123

    $79,900

    Three-bedroom home with an open layout, screened porch, and access to extensive community recreation.

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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 5 Active listings in Elgin, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 67 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.

    Mixed-Use Building with Apartments
    Mixed-Use Building with Apartments

    205 S Main St, Algonquin, IL 60102

    $850,000
    4,400 sqft

    1902 building with restaurant infrastructure, dining space, gaming room, basement area, and two upper-level apartments.

    View details
    Mixed-Use Building with Storefronts
    Mixed-Use Building with Storefronts

    115 S Main Street, Algonquin, IL 60102

    $1,695,000
    0.20 AC lot

    Historic brick property combines residential apartments with commercial space and updated building systems.

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    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.

    View details
    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.

    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.

    Elgin Land for Multi-Family Development
    Elgin Land for Multi-Family Development

    003 South Street, Elgin, IL 60124

    $600,000
    8.40 AC lot

    8.4-acre lot with multi-family zoning and city services.

    View details
    South Barrington Land Opportunity
    South Barrington Land Opportunity

    40 S Polo Drive, South Barrington, IL 60010

    $479,900
    2.11 AC lot

    Over two acres to build your dream home.

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    Barrington Hills Estate Lot
    Barrington Hills Estate Lot

    2 Jennifer Court, Barrington Hills, IL 60010

    $595,000
    5.96 AC lot

    5.85-acre lot in Fairmeadows Estates, Barrington Hills.

    View details
    Carpentersville Land For Sale
    Carpentersville Land For Sale

    Route, Carpentersville, IL 60110

    $2,500,000
    13.54 AC lot

    Large property suitable for various uses in a TIF district.

    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

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

    401 Chicago St, Elgin, IL 60120-5772

    Estimated value:
    $4,305,000
    47,760 sqft 0.01 AC lot
    View details
    1274 Getzelman Dr
    APARTMENT HOUSE (5+ UNITS)

    1274 Getzelman Dr, Elgin, IL 60123-2002

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

    1596 Mark Ave, Elgin, IL 60123-2902

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

    Mclean Blvd, Elgin, IL 60123

    Estimated value:
    $195,000
    5.88 AC lot
    View details
    1236 Robinwood Dr, Unit 40
    APARTMENT HOUSE (5+ UNITS)

    1236 Robinwood Dr, Elgin, IL 60123-1301

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

    510 Autumn Ct, Elgin, IL 60123-2574

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

    505 Autumn Ct, Elgin, IL 60123-2544

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

    515 Autumn Ct, Elgin, IL 60123-2577

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

    1856 Mark Ave, Elgin, IL 60123-1979

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

    865 Smt St, Elgin, IL 60120-4315

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

    432 Smt St, Elgin, IL 60120-3853

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

    470 Douglas Ave, Elgin, IL 60120-3680

    Estimated value:
    $250,000
    3,168 sqft 0.24 AC lot
    View details
    1640 Mark Ave
    APARTMENT HOUSE (5+ UNITS)

    1640 Mark Ave, Elgin, IL 60123-1987

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

    251 Villa St, Elgin, IL 60120-6697

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

    2175 Vernon Dr, Elgin, IL 60123-4957

    Estimated value:
    $2,400,000
    5,805 sqft
    View details
    304 Mtn St
    APARTMENT HOUSE (5+ UNITS)

    304 Mtn St, Elgin, IL 60123-5491

    Estimated value:
    $400,000
    4,665 sqft 0.15 AC lot
    View details
    450 Belmont Ave
    APARTMENT HOUSE (5+ UNITS)

    450 Belmont Ave, Elgin, IL 60123-4603

    Estimated value:
    $1,575,000
    8,216 sqft 0.67 AC lot
    View details
    1440 Getzelman Dr, Unit 50
    APARTMENT HOUSE (5+ UNITS)

    1440 Getzelman Dr, Elgin, IL 60123-2055

    Unit 50
    Estimated value:
    $975,000
    7,848 sqft 0.55 AC lot
    View details

    Elgin, IL Residential Income Properties Market Trends and Statistics

    Explore 72 residential income properties for sale in Elgin, IL, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 5,200 square feet of properties for sale, with an estimated market value of $2,689,800.

    Sale prices for residential income properties in Elgin, IL start at $79,900, averaging $537,960, 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

    Multifamily properties 4
    Apartment buildings 3
    Duplexes 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 $309.9K
    60123 $505K

    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

    • 60010
    • 60123
    • 60120
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