Residential Income

Hoffman Estates, IL Residential Income Properties for Sale

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16 properties
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Mixed-Use Building in Downtown Barrington
Updated: Sep 23, 2025
Mixed-Use Building in Downtown Barrington

320 E Main Street, Barrington, IL 60010

$775,000
2,000 sqft
Prime downtown Barrington location on Main Street (Lake Cook Road)
Mixed‑use building with updated commercial space and two residential apartments
Approximately 2,000 sq ft of updated commercial space suitable for various professional or wellness uses
Two residential units: a 2‑bed/1‑bath and a 1‑bed/1‑bath, with the 1‑bed unit providing immediate rental income
Finished basement with additional office space, storage, and laundry area
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320 E Main Street, Barrington, IL 60010

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Historic Duplex with Finished Basement
Updated: Jul 9
Historic Duplex with Finished Basement

386 E Chicago Street, Elgin, IL 60120

$474,900
0.33 AC lot
0.33‑acre deep lot with mature trees
Finished basement with rec room, den, workshop area, and added laundry
Upper‑level unit with French door to a private balcony and in‑unit laundry
Detached 2‑1/2 car garage with attached heated office
Multiple full baths including back‑to‑back full bathrooms
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Mixed-Use Live-Work Property
Mixed-Use Live-Work Property

435 Washington Street, Elgin, IL 60123

$279,000
0.44 AC lot

Residential income and a separate vacant commercial building offer RB-zoned flexibility for owner-users or investors.

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Two-Unit Property with Workshop
Two-Unit Property with Workshop

642 E Chicago Street, Elgin, IL 60120

$399,900

Main- and upper-level residences are complemented by a full basement and garage-workshop area.

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Duplex with Detached Garage Coach House Potential
Duplex with Detached Garage Coach House Potential

472 N Spring Street, Elgin, IL 60120

$420,000
0.20 AC lot

Two-unit duplex remodeled in 2020, with coin-operated laundry, separately metered utilities, and a detached garage that may support a future third unit.

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Two-Unit Duplex with Basement
Two-Unit Duplex with Basement

649 Wellington Avenue, Elgin, IL 60120

$319,900

Updated duplex with distinct unit layouts, an unfinished basement, public utilities, and owned parking.

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Brick Multifamily Building
Brick Multifamily Building

75 N Lyle Avenue, Elgin, IL 60123

$930,000
0.27 AC lot

Brick six-unit multifamily building on a 0.27-acre lot in Elgin, Illinois with composition roof and all-electric construction.

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Remodeled Duplex with Detached Garage
Remodeled Duplex with Detached Garage

472 North Spring Street, Elgin, IL 60120

$420,000
2,400 sqft

Remodeled duplex with separately metered utilities, coin-operated laundry, and a large detached garage for storage or rental income.

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Duplex with Finished Basement
Duplex with Finished Basement

1000 Dundee Avenue, East Dundee, IL 60118

$390,000

Duplex built in 1946 with a finished basement, natural gas heat, well water service, and a 2-car garage.

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Four-Unit Quadplex with Remodeled Units
Four-Unit Quadplex with Remodeled Units

336 Saint Charles Street, Elgin, IL 60120

$420,000

One-bedroom residences include two remodeled units and garage parking.

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Renovated 2-Unit Multifamily Property
Renovated 2-Unit Multifamily Property

649 Wellington Avenue, Elgin, IL 60120

$329,900
1,100 sqft

Completely renovated duplex with an unfinished basement and 8-car parking, offering a 2-bedroom and 1-bedroom unit.

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Mixed-Use Office Conversion Opportunity
Mixed-Use Office Conversion Opportunity

215 South Northwest Highway, Barrington, IL 60010

$999,000
31,926 sqft

Property includes nine office units and an approved plan to convert the second floor to seven apartments.

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All-Electric 6-Unit Apartment Building
All-Electric 6-Unit Apartment Building

75 North Lyle Avenue, Elgin, IL 60123

$930,000

Six-unit all-electric apartment building offered for sale in Elgin.

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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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Mixed-Use Office/Retail Building
Mixed-Use Office/Retail Building

71 S Old Rand Road, Lake Zurich, IL 60047

$397,900

Main-floor office/retail space includes three offices, waiting area, kitchenette, and restroom with central HVAC.

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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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Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 16 Active listings in Hoffman Estates, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 56 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.

Duplex with Waterfront Views
Duplex with Waterfront Views

151 Beach Court, South Elgin, IL 60177

$325,000
1,500 sqft

Two-unit duplex on an oversized lot with water frontage, including an attached 2-car garage for Unit 1.

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Two-Unit Waterfront Duplex
Two-Unit Waterfront Duplex

151 Beach Court, South Elgin, IL 60177

$325,000
0.27 AC lot

Zoned MULTI with two occupied units and waterfront pond access, plus a separate small vacant lot included.

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Seven-Cottage Apartment Property
Seven-Cottage Apartment Property

320-380 Highland Avenue, Algonquin, IL 60102

$900,000
1.40 AC lot

Wooded multifamily setting with Fox River views and MULTI zoning.

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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.

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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.

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.

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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.

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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.

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Off-Market Properties in Hoffman Estates, IL

Consider similar Off-Market properties in Hoffman Estates, 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
212 Dundee Ave
APARTMENT HOUSE (UNDER 5 UNITS)

212 Dundee Ave, Barrington, IL 60010-4204

Value Estimation by Request
2,336 sqft 0.20 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
756 Bode Cir
GARDEN APT, COURT APT (5+ UNITS)

756 Bode Cir, Hoffman Estates, IL 60169-2972

$79,905,000
Estimated value
19.28 AC lot
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865 Vlg Quarter Rd
APARTMENT HOUSE (5+ UNITS)

865 Vlg Quarter Rd, West Dundee, IL 60118-2165

$420,000
Estimated value
10,878 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

Hoffman Estates, IL Residential Income Properties Market Trends and Statistics

Explore 72 residential income properties for sale in Hoffman Estates, IL, showcased through 16 active listings on our real estate platform. These investment opportunities span a total of 37,426 square feet of properties for sale, with an estimated market value of $7,485,500.

Sale prices for residential income properties in Hoffman Estates, IL start at $279,000, averaging $534,678, and reaching up to $999,000 — 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 17
Duplexes 9
Apartment buildings 6
Quadplexes 1
Single family properties 1

Demographics Overview

Population 139K
Population Growth (5Y) -2.0%
Median Household Income $134,533
College Educated 57.2%

Taxes & Financing

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 Hoffman Estates fall within the 100,000+ square foot range.

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