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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
High Rental Yield Investment Properties for Sale in Elgin, IL
Listed for sale today
$ 230,000
ROI
21.6
Cash Flow/m
117- 2 Bed
- 1 Bath
- 775 sft
940 Jefferson Ave Unit B, Elgin, IL, 60120
Listed for sale today
$ 164,900
ROI
22.2Cash Flow/m
113- 3 Bed
- 2 Bath
- 1251 sft
1154 Candlewood Rd #578, Elgin, IL, 60123
Listed for sale today
$ 395,000
ROI
19.9Cash Flow/m
20- 3 Bed
- 3 Bath
- 2800 sft
1130 Duncan Ave, Elgin, IL, 60120
Listed for sale 2 days ago
$ 270,000
ROI
25.1Cash Flow/m
398- 2 Bed
- 2 Bath
- 1350 sft
738 Shady Oaks Ct, Elgin, IL, 60120
Why Invest in Elgin, Illinois?
Elgin, IL offers **high rental yield** opportunities for investors seeking strong cash flow in the Chicago suburbs. Average rents around $1,430 per month combined with cap rates of 6.2% make it attractive for multifamily and single-family properties. Renter-occupied housing supports steady demand, with low vacancy rates near 1.8-5.5%. Annual rent growth of 2-4.5% and property appreciation add to long-term returns. Workforce housing in east Elgin delivers 7-8% yields on well-located investments.
8.2%
Avg. ROI
8.2%
Rental Yield
6.2%
Cap Rate
$350/mo
Avg. Cash Flow
$1425/mo
Avg. Rent
3.5%
1Y Appreciation
Frequently Asked Questions
Average rent is about $1,425 per month for apartments, lower than the national average. One-bedrooms average $1,425, two-bedrooms $1,750. Rents grew 2-4.5% last year.
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