Courtesy: O'Neil Property Group, LLC
630-425-8815
Attention investors and savvy buyers-look no further for your next cash-flowing machine in Elgin! Perfectly situated near local schools, parks, and shopping, this outstanding multi-unit property is the ideal turnkey investment or ultimate house-hacking opportunity. The main level offers a bright 2-bedroom, 1-bathroom unit, mirrored by a second 2-bedroom, 1-bathroom unit upstairs, while a full basement provides exceptional potential to generate extra rental income. Adding even more value is a massive garage and workshop, perfect for contractor storage or an additional stream of revenue. Properties with this much upside at this price point are a rare find, so schedule your showing today before this incredible deal slips away!
Courtesy: Executive Realty Group LLC
630-894-1030
This well maintained 4-unit property features four 1 bedroom 1 bath units. Two of the units have been beautifully remodeled. Conveniently located near Elgin's downtown, shopping, major highways and more!
Courtesy: Buy Sell Invest Fox Valley
630-859-1313
Outstanding investment opportunity in a classic Elgin two-flat located in the Spring-Douglas historical district, offering immediate cash flow plus long-term upside! This well-maintained up/down duplex features two generously sized 2-bedroom units full of vintage character - high ceilings, natural millwork, a charming bay window, and gleaming hardwood floors throughout. Easy walking distance to schools, library and downtown. Unit 1 (421) - VACANT & MOVE-IN READY: Freshly painted, professionally cleaned, and updated with new kitchen flooring - ready to lease at market rent or perfect for an owner-occupant. This spacious 2-bedroom layout includes a primary bedroom and second bedroom, both with generously sized closets, plus a separate living room and family room for flexible everyday living. The kitchen and dining area form one large, open, adjoined space - ideal for entertaining - along with a full bath. Get top rent from day one with this beautifully refreshed unit. Unit 2 (419) - LONG-TERM, STABLE TENANT: A comfortable 2-bedroom layout with a functional galley kitchen, spacious living room, and full bath. Currently occupied on a month-to-month lease, providing immediate income with flexibility for future rent increases or owner use. Additional highlights include a freshly painted basement for extra storage, a detached 2-car garage, and a generous fenced yard - all located just minutes from downtown Elgin, Metra, shopping, and dining. Whether you're an investor looking to add a cash-flowing asset to your portfolio or an owner-occupant hoping to live in one unit while renting the other, this solid two-flat checks every box: updated, spacious, and priced to perform. Schedule your showing today (Lower unit can be a go & show, upstairs requires 48 hour notice.)
Courtesy: New Market Realty Inc
312-239-3626
**Completely Renovated Riverview 2-Unit Investment Opportunity!** Some work still being completed, please excuse the mess while we finish this extraordinary property for you! This turn-key multifamily property offers the perfect combination of modern updates, strong cash flow, and an unbeatable location along the Fox River in Elgin. Every major component has been renovated, allowing the next owner to enjoy a truly maintenance-friendly investment with nothing left to do but collect rent. The building features a spacious **2-bedroom unit with projected rental income of approximately $1,800 per month** and a well-appointed **1-bedroom unit with projected rental income of approximately $1,500 per month**, providing excellent income potential for both investors and owner-occupants. Both units have been beautifully updated with new finishes throughout, creating bright, modern living spaces that today's tenants are looking for. Additional features include a **full unfinished basement** offering abundant storage and future possibilities, plus an incredible **8-car parking area**-a rare and valuable amenity for a multifamily property. Situated in a desirable riverview setting with convenient access to downtown Elgin, parks, shopping, restaurants, commuter routes, and the scenic Fox River Trail, this property offers the perfect blend of location, lifestyle, and investment potential. Elgin's riverfront and downtown continue to be key attractions for residents seeking outdoor recreation and urban conveniences. **Whether you're expanding your portfolio or looking to reduce your mortgage by living in one unit while renting the other, this fully renovated, move-in-ready property is an exceptional opportunity that won't last long.** Broker Interest
Courtesy: Millennium
847-697-5800
This duplex is to be taken down. This parcel has been approved for 20 two bedroom apartments with 38 garages underneath. all electric apartments. Elevator to 3 floors . underground detention system already installed. It took 6 years to rezone to a planned unit development. All architectural prints have been approved. This is a 3 story building about 34248 sq ft. with garages. Extra storage in the garages. Civil engineering and electric engineering done.Bids are in and ready for new owner. permits to start are waiting. Plans are available. Monthly income for this new building should be $50000 a month or more. call with all questions.
Courtesy: Global Ruben's Team Realty
847-836-6300
*** WELL MAINTAINED 2 UNIT. PROPERTY. BOTH TWO BEDROOM UNITS IN A HIGHLY DESIRED AREA WITH NEWER FURNACES. SECOND FLOOR APARTMENT CAN BE SHOWN WITH 24 HOUR NOTICE ONLY. FIRST FLOOR SHOWN ONLY TO BUYERS AFTER SERIOUS INTENT TO MAKE AN OFFER DEMONSTRATED, FIRST FLOOR UNIT HAS ATTRACTIVE SIDE PORCH. BOTH UNIT HAVE PRIVATE FRONT AND BACK ENTRANCES. FIRST FLOOR LONG TERM TENANTS. THEIR LEASE EXP ON 10/01/26 ONLY SECOND FLOOR UNIT WILL BE VACANT AT CLOSING. SOLD AS-IS***
Courtesy: HomeSmart Connect
847-495-5000
Great Turnkey Investment Opportunity located in historic district just north of rapidly developing downtown Elgin. Remodel in 2020 included 2 new eat-in kitchens with granite countertops & new appliances, new bathrooms, all new gas forced-air HVAC system with new central air conditioning units, furnaces, and hot water heaters. New roof on house & garage along with all copper pipes replacing old galvanized also in 2020. Large 2-story detached 1200sf garage currently used for owner's storage is potential 3rd unit coach house development or can be rented to tenants now for indoor parking income. Separately metered gas & electric. Coin-operated commercial washer & dryer in basement shared by both units provides extra income. Second floor tenants maintain lawn and bushes and are responsible for snow removal in exchange for $60/month reduction in rent which is reflected in adjusted Unit 2 current lease amount of $1,640/month. Both apartments are currently leased - start out with strong cash flow right away. Photos are from when both units were vacant prior to tenant occupancy.
Courtesy: RE/MAX Horizon
847-931-7500
Now is your time to own one of Elgin's finest historical homes! Located just blocks to downtown Elgin featuring beautiful library, rec center, Hemmens Auditorium and much more! This beautiful home stands up tall situated on a deep level lot with mature trees! Huge covered front porch perfect for those summer nights! Grand foyer/parlor with beautiful custom millwork! Large separate living room with crown and oversized moldings! Separate dining room with exposed wood beams and butler's swinging door to updated kitchen with oak cabinetry, extra recessed lighting and wood laminate flooring! Back covered enclosed porch with separate air/heating and vaulted ceilings perfect for summer gatherings! Huge master bedroom with private fireplace and walk-in closet! Gracious size secondary bedrooms! Rare back-to-back 2 full baths, one with whirlpool tub and second with walk-in shower! Full finished basement with rec room, den, workshop area and added laundry! Rare upper-level unit currently being rented features spacious living room w/cozy gas log fireplace, vaulted ceilings and French door to private balcony! Separate dining area with built-in hutch! Updated kitchen with oak cabinetry and tile flooring! Spacious bedroom with secondary exit for added safety! In-unit laundry! Currently rented for $925.00/mo The main home is loaded with charm and character! Unique detached 2-1/2 car garage with attached heated office perfect for in-home business use or work area! Nothing even close on the market like this! Tremendous amount of space for the value! This is part of an estate sale being sold as is!
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!
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.
