Real Estate Investment Properties for Sale in Elgin, IL

Looking for investment property in Elgin, IL with high ROI ?

Explore a variety of short-term homes & houses in Elgin, IL. Invest wisely with VRBO & Elgin, IL Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Elgin, IL

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
393 Wellington Avenue Elgin, IL Prime Investment Opportunity - Three-Unit Building on Double Lot This beautifully r...	4 beds \| N/A baths \| N/A	$386,200	Airbnb cash on cash: N/A Traditional cash on cash: 3.79% Airbnb Rental Income: $null Traditional Rental Income: $2385 Airbnb ROI: N/A Traditional ROI: 3.79%
1195 Crestview Drive Elgin, IL HONEY WE ARE HOME !!! Don't pass this wonderful home up! From the moment you walk in ... ...	3 beds \| 2 baths \| 1,900 sq.ft.	$334,900	Airbnb cash on cash: 4.96% Traditional cash on cash: 4.91% Airbnb Rental Income: $3420 Traditional Rental Income: $2645 Airbnb ROI: 4.96% Traditional ROI: 4.91%
1056 Chippewa Drive Elgin, IL Do you need space!?! This is the one! This large quad level home offers 4 bedrooms and 2.5...	4 beds \| 3 baths \| 2,257 sq.ft.	$385,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.46% Airbnb Rental Income: $null Traditional Rental Income: $3111 Airbnb ROI: N/A Traditional ROI: 5.46%
3153 Kyra Lane Elgin, IL Highly Desirable RANCH with full walk out basement that's deep poured 9-foot ceiling with ...	3 beds \| 2 baths \| 2,033 sq.ft.	$500,000	Airbnb cash on cash: 2.6% Traditional cash on cash: 2.4% Airbnb Rental Income: $3420 Traditional Rental Income: $2570 Airbnb ROI: 2.6% Traditional ROI: 2.4%
1219 Forest Drive Elgin, IL This expansive all-brick four-bedroom ranch is nestled in the established Century Oaks Eas...	4 beds \| 3 baths \| 1,900 sq.ft.	$379,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.58% Airbnb Rental Income: $null Traditional Rental Income: $2946 Airbnb ROI: N/A Traditional ROI: 4.58%
157 River Walk Court Elgin, IL THREE-STORY BRICK WALKUP LOCATED IN DOWNTOWN ELGIN!! 2 BR, 2.5 BATH home with so much to o...	2 beds \| 3 baths \| 1,900 sq.ft.	$315,000	Airbnb cash on cash: 5.18% Traditional cash on cash: 4.53% Airbnb Rental Income: $3646 Traditional Rental Income: $2656 Airbnb ROI: 5.18% Traditional ROI: 4.53%
1110 Cottage Cove Elgin, IL Welcome to this stunning home in the desirable Willow Bay subdivision, just minutes from s...	4 beds \| 4 baths \| 3,729 sq.ft.	$449,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.67% Airbnb Rental Income: $null Traditional Rental Income: $3866 Airbnb ROI: N/A Traditional ROI: 5.67%
363 Copper Springs Lane Elgin, IL Bright open floor plan! Spacious living room with hardwood floors, crown molding, recessed...	3 beds \| 3 baths \| 2,350 sq.ft.	$399,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.22% Airbnb Rental Income: $null Traditional Rental Income: $2702 Airbnb ROI: N/A Traditional ROI: 4.22%
951 Harbor Town Drive Elgin, IL Welcome to this fantastic home in the highly sought after subdivision of The Glens of Coll...	3 beds \| 3 baths \| 1,651 sq.ft.	$359,000	Airbnb cash on cash: 4.66% Traditional cash on cash: 4.31% Airbnb Rental Income: $3420 Traditional Rental Income: $2545 Airbnb ROI: 4.66% Traditional ROI: 4.31%
1124 Pine Valley Court Elgin, IL Stunning two-story end unit in Bowes Creek Country Club offers a flexible floor plan with ...	3 beds \| 3 baths \| 2,186 sq.ft.	$399,900	Airbnb cash on cash: 3.06% Traditional cash on cash: 3.4% Airbnb Rental Income: $3420 Traditional Rental Income: $2787 Airbnb ROI: 3.06% Traditional ROI: 3.4%
237 N Melrose Avenue Elgin, IL Nice home situated high and dry featuring 1 main floor bedroom and 2 on the 2nd floor. Th...	3 beds \| 2 baths \| 1,248 sq.ft.	$269,900	Airbnb cash on cash: 7.24% Traditional cash on cash: 5.76% Airbnb Rental Income: $3420 Traditional Rental Income: $2285 Airbnb ROI: 7.24% Traditional ROI: 5.76%
1107 Championship Drive Elgin, IL Discover this exquisite 4-bedroom 3 1/2 bathroom home in the prestigious Bowes Creek Count...	4 beds \| 4 baths \| 4,223 sq.ft.	$599,999	Airbnb cash on cash: N/A Traditional cash on cash: 4.03% Airbnb Rental Income: $null Traditional Rental Income: $4188 Airbnb ROI: N/A Traditional ROI: 4.03%
213 S Mclean Boulevard Elgin, IL Stunning West Side Ranch with 3 Bedrooms and 2 Full Baths. Interior has tasteful touches. ...	3 beds \| 2 baths \| 1,024 sq.ft.	$315,000	Airbnb cash on cash: 6.28% Traditional cash on cash: 3.51% Airbnb Rental Income: $3420 Traditional Rental Income: $1839 Airbnb ROI: 6.28% Traditional ROI: 3.51%
618 Congdon Avenue #618 Elgin, IL Historic Shoe Factory Loft - This 3 Story End-Unit has an authentic Downtown Chicago charm...	3 beds \| 3 baths \| 2,200 sq.ft.	$275,000	Airbnb cash on cash: 4.23% Traditional cash on cash: 6.04% Airbnb Rental Income: $3420 Traditional Rental Income: $3129 Airbnb ROI: 4.23% Traditional ROI: 6.04%
570 Madison Lane Elgin, IL NEW CONSTRUCTION RANCH DUPLEX WITH ENGLISH BASEMENT- Ranch Duplex , 3 bedroom and 3 full b...	2 beds \| 3 baths \| 1,367 sq.ft.	$426,444	Airbnb cash on cash: 2.97% Traditional cash on cash: 1.92% Airbnb Rental Income: $3646 Traditional Rental Income: $2431 Airbnb ROI: 2.97% Traditional ROI: 1.92%
146 Goldenrod Drive Elgin, IL This townhouse is a dream come true, with an inviting open concept floor plan and a prime ...	3 beds \| 3 baths \| 1,756 sq.ft.	$310,000	Airbnb cash on cash: 4.46% Traditional cash on cash: 4.29% Airbnb Rental Income: $3420 Traditional Rental Income: $2609 Airbnb ROI: 4.46% Traditional ROI: 4.29%
1030 Reserve Drive #703 Elgin, IL This is a very attractive end-unit townhouse with two bedrooms and two full and one-half b...	2 beds \| 3 baths \| 1,098 sq.ft.	$299,995	Airbnb cash on cash: 6.3% Traditional cash on cash: 4.67% Airbnb Rental Income: $3646 Traditional Rental Income: $2389 Airbnb ROI: 6.3% Traditional ROI: 4.67%
78 N Aldine Street Elgin, IL Step inside this beautiful home and see what it has in store for you! Enjoy the blend of c...	4 beds \| 2 baths \| 1,800 sq.ft.	$345,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.23% Airbnb Rental Income: $null Traditional Rental Income: $2605 Airbnb ROI: N/A Traditional ROI: 5.23%
3524 Hopewell Place Elgin, IL Tastefully updated, move-in ready, and can close quickly! This sun drenched home is situa...	4 beds \| 3 baths \| 2,616 sq.ft.	$504,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.9% Airbnb Rental Income: $null Traditional Rental Income: $2996 Airbnb ROI: N/A Traditional ROI: 2.9%
5 White Oak Lane Elgin, IL Surrounded by nature this rarely available 1/2 duplex ranch with walk out basement in desi...	2 beds \| 2 baths \| 1,905 sq.ft.	$300,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.22% Airbnb Rental Income: $null Traditional Rental Income: $2465 Airbnb ROI: N/A Traditional ROI: 5.22%
10n627 Oak Ridge Drive Elgin, IL Located in the prestigious Oak Ridge Farm Subdivision, this exceptional home offers a rare...	4 beds \| 4 baths \| 3,176 sq.ft.	$760,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.24% Airbnb Rental Income: $null Traditional Rental Income: $3748 Airbnb ROI: N/A Traditional ROI: 2.24%

Real Estate investment in Elgin, IL

There are 104 properties for sale in the city of Elgin . The median list price in Elgin is $349,500 and the average price per square foot is $167. In December 2024, the average monthly cash on cash return in Elgin is 5.00%. The average monthly rental income in Elgin is $2,643.

Elgin, IL Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 104 investment properties available for sale in Elgin.

In 2024, the best neighborhood to buy investment property is Elgin.

The ROI for Short-Term is higher than the Long-Term in Elgin with average rental income of $3,420.

Your search for investment property begins and ends here

Investment Property for Sale in Elgin, IL

393 Wellington Avenue

Elgin, IL

4 beds | N/A baths | N/A

$386,200

Airbnb cash on cash: N/A

Traditional cash on cash: 3.79%

Airbnb Rental Income: $null

Traditional Rental Income: $2385

Airbnb ROI: N/A

Traditional ROI: 3.79%

1195 Crestview Drive

Elgin, IL

3 beds | 2 baths | 1,900 sq.ft.

$334,900

Airbnb cash on cash: 4.96%

Traditional cash on cash: 4.91%

Airbnb Rental Income: $3420

Traditional Rental Income: $2645

Airbnb ROI: 4.96%

Traditional ROI: 4.91%

1056 Chippewa Drive

Elgin, IL

4 beds | 3 baths | 2,257 sq.ft.

$385,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.46%

Airbnb Rental Income: $null

Traditional Rental Income: $3111

Airbnb ROI: N/A

Traditional ROI: 5.46%

3153 Kyra Lane

Elgin, IL

3 beds | 2 baths | 2,033 sq.ft.

$500,000

Airbnb cash on cash: 2.6%

Traditional cash on cash: 2.4%

Airbnb Rental Income: $3420

Traditional Rental Income: $2570

Airbnb ROI: 2.6%

Traditional ROI: 2.4%

1219 Forest Drive

Elgin, IL

4 beds | 3 baths | 1,900 sq.ft.

$379,900

Airbnb cash on cash: N/A

Traditional cash on cash: 4.58%

Airbnb Rental Income: $null

Traditional Rental Income: $2946

Airbnb ROI: N/A

Traditional ROI: 4.58%

157 River Walk Court

Elgin, IL

2 beds | 3 baths | 1,900 sq.ft.

$315,000

Airbnb cash on cash: 5.18%

Traditional cash on cash: 4.53%

Airbnb Rental Income: $3646

Traditional Rental Income: $2656

Airbnb ROI: 5.18%

Traditional ROI: 4.53%

1110 Cottage Cove

Elgin, IL

4 beds | 4 baths | 3,729 sq.ft.

$449,900

Airbnb cash on cash: N/A

Traditional cash on cash: 5.67%

Airbnb Rental Income: $null

Traditional Rental Income: $3866

Airbnb ROI: N/A

Traditional ROI: 5.67%

363 Copper Springs Lane

Elgin, IL

3 beds | 3 baths | 2,350 sq.ft.

$399,900

Airbnb cash on cash: N/A

Traditional cash on cash: 4.22%

Airbnb Rental Income: $null

Traditional Rental Income: $2702

Airbnb ROI: N/A