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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Investment Properties for Sale in Elgin, IL
Listed for sale today
$ 265,000
ROI
26.8
Cash Flow/m
516- 3 Bed
- 1 Bath
- 1079 sft
832 Bode Rd, Elgin, IL, 60120
Fix & Flip
Listed for sale today
$ 419,900
ROI
25.6Cash Flow/m
688- 4 Bed
- 3 Bath
- 2807 sft
506 Shenandoah Trl, Elgin, IL, 60123
Currently Rented
Listed for sale today
$ 310,000
ROI
21.3Cash Flow/m
130- 4 Bed
- 2 Bath
- - sft
131 N Gifford St, Elgin, IL, 60120
Listed for sale 1 day ago
$ 385,000
ROI
20.5Cash Flow/m
84- 3 Bed
- 3 Bath
- 1531 sft
425 N Alfred Ave, Elgin, IL, 60123
Why Invest in Elgin, Illinois?
Elgin, IL offers a diverse real estate market with strong rental demand, particularly in multi-family properties. Investors may benefit from an average rental yield of 6.5% coupled with an appreciation rate of 4.2%. With a cap rate averaging 7.1%, this area is poised for steady cash flow opportunities as the local economy continues to grow.
10%
Avg. ROI
6.5%
Rental Yield
7.1%
Cap Rate
$200/mo
Avg. Cash Flow
$1500/mo
Avg. Rent
4.2%
1Y Appreciation
Frequently Asked Questions
The average rent in Elgin, IL is approximately $1,500 per month, which reflects the area's growing rental market.
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