Courtesy: Eden Properties Real Estate Group LLC
331-643-6320
Attention investors and savvy buyers! This multi-unit property presents a rare opportunity to own a versatile asset with strong income and value-add potential. Situated on approximately 1.6 acres of land, this property offers space, flexibility, and functionality that is hard to find in today's market. The property benefits from convenient access to shopping, dining, parks, and major commuter routes, making it an attractive location for tenants, business owners, and long-term investment. Featuring a spacious workshop, ample parking, and a layout well-suited for multi-unit living and rental income. The roof has been updated within the last 5 years, and the property has been very well maintained, providing peace of mind for the next owner. The expansive lot offers plenty of room for equipment, vehicles and storage, making it ideal for contractors, investors, or owner-occupants seeking both functionality and income potential. Opportunities like this are rarely available. Schedule your private showing today.
Courtesy: Compass
630-974-6750
This well-maintained 2-unit investment property offers stable rental income and numerous recent upgrades, making it an excellent opportunity for investors or owner-occupants. Ideally situated on a quiet, charming street, the property is just minutes from the Metra train, Grolich Park, Forest Preserve, I-90, US-20, I-390, shopping, and dining, providing convenience and strong rental appeal. The property is fully rented with reliable tenants, currently generating $3,050 per month in rental income. The lower unit features 3 bedrooms and 1 bath and rents for $1,675/month, while the upper unit offers 2 bedrooms and 1 bath and rents for $1,375/month. This property has been consistently maintained with numerous updates over the past 10 years, including a new driveway, exterior doors, carpeting, and countertops. More recent improvements include new windows, water heater, washer, and added attic insulation. The electrical system has been upgraded with three new 100-amp services, and all plumbing has been updated. With all major updates completed, this leaves only some cosmetic updates for the new owner! Each unit pays its own electric, helping reduce owner expenses. The exterior basement access allows both units to conveniently use the shared laundry area. A large storage shed in the backyard offers additional space and even the potential for extra rental income. With solid rental history, major big item updates, and a prime location, this property presents a fantastic income-generating opportunity. Reach out today to learn about preferred lender incentives and schedule a viewing.
Courtesy: Keller Williams Infinity
630-778-5800
Exceptional redevelopment opportunity in Elgin. This property is a full gut rehab offering complete flexibility for investors, builders, or contractors. Currently framed for two units, each designed as 2 bedrooms and 1 bathroom. The interior has been fully stripped, with no plumbing, HVAC, or finishes in place, allowing for a fully customized rebuild. Exterior improvements have been completed within the last five years, and new electrical service (100 AMP) along with electrical boxes have already been installed. The basement requires structural repair to one wall. The sale includes two separate PINs, providing additional land value and potential for future expansion or redevelopment. Property is being sold strictly as-is. No repairs, credits, or survey will be provided. Taxes will be prorated at 100 percent. A strong opportunity for those prepared to take on a full renovation project.
Courtesy: Zamudio Realty Group
847-608-6600
Great opportunity to own a well-maintained 2-unit property in a highly convenient Elgin location! Perfect for both investors and owner-occupants, live in one unit while generating rental income from the other, or add a strong asset to your portfolio. Ideally located within walking distance to Metra, public transportation, parks, schools, shopping, and dining, making it highly desirable for commuters and tenants alike. Both units have been updated with newer flooring, cabinets, countertops, appliances, windows, and fresh paint, offering a clean, modern, and move-in ready feel while minimizing immediate expenses. The layout provides separate living spaces with excellent rental potential and flexibility. Additional highlights include basement access, a spacious lot, and ongoing improvements with front porch and step repairs currently in progress, adding further value. Property is being sold AS-IS. Don't miss this versatile opportunity to generate income, build equity, or both in a growing area!
Courtesy: Realty of America, LLC
708-788-1900
Fantastic 2-unit! Custom lighting & carpentry on main level with gorgeous fireplace! Fully rented! First floor tenants on a month to month and second floor has a lease until July 2026. Upper pays $1650 Lower pays $1650. Tenants pay all bills except water. First floor unit has gas/forced air heat and has access to washer/dryer in basement. Upper unit has electric baseboard heat. Schedule your appointment today!
Courtesy: Zamudio Realty Group
847-608-6600
Excellent opportunity to own a two-unit property in the heart of Elgin at an incredible value! Priced at $219,900, this is one of the most affordable multi-unit properties currently available in the area. The property features a 2-bedroom unit on the main floor and a 1-bedroom unit in the lower level, offering flexibility for owner-occupants or investors looking to generate rental income. With a little vision and updates, this property has tremendous potential to build equity and increase value over time. One of the standout features is the ample parking available directly in front of the property, including a city-maintained parking lot maintained by the City of Elgin at no cost, providing convenient parking for residents and guests. Ideally located near downtown Elgin, the property is just minutes from local shops, restaurants, parks, public transportation, and many of the amenities the city has to offer. Easy access to major roads also makes commuting simple. Whether you're looking to live in one unit and rent the other or expand your investment portfolio, opportunities like this at this price point are hard to find. Schedule your showing today, this one will not last!
Courtesy: Epic Real Estate Group
847-922-5501
Great investment opportunity in Elgin. This unique 3-unit property offers strong upside and multiple income streams. The main building features a lower-level 3-bedroom unit with access to a 2-car garage, plus an upper-level studio apartment. Don't miss the detached 2-bedroom cottage located at the rear of the property off the alley. This separate unit has new flooring, fresh paint, its own parking, and a fenced-in yard, making it ideal for tenant appeal or owner flexibility. Property includes three separate water meters. Two units are currently occupied by long-term tenants, with current rents below market, offering clear potential to increase cash flow. Sold as-is. A solid opportunity for investors looking to add value and grow income in a strong rental market. Contract fell through another buyers loss is your gain.
Elgin is located in Illinois. Elgin, Illinois has a population of 114,156. Elgin is less family-centric than the surrounding county with 35.83% of the households containing married families with children. The county average for households married with children is 36.28%.
The median household income in Elgin, Illinois is $79,757. The median household income for the surrounding county is $88,935 compared to the national median of $69,021. The median age of people living in Elgin is 35 years.
The average high temperature in July is 84.6 degrees, with an average low temperature in January of 12.7 degrees. The average rainfall is approximately 37.9 inches per year, with 32.6 inches of snow per year.
