High Rental Yield Investment Properties for Sale in Elgin, IL
Listed for sale today
$ 300,000
ROI
27.8
Cash Flow/m
673- 3 Bed
- 2 Bath
- 1216 sft
279 S Aldine Ave, Elgin, IL, 60123
Listed for sale 1 day ago
$ 399,000
ROI
21.4Cash Flow/m
181- 3 Bed
- 2 Bath
- 2275 sft
515 Preston Ave, Elgin, IL, 60120
Listed for sale 1 day ago
$ 465,000
ROI
22.3Cash Flow/m
327- 5 Bed
- 3 Bath
- 2292 sft
1450 Ashwood Dr, Elgin, IL, 60123
Fix & Flip
Listed for sale 1 day ago
$ 385,000
ROI
28.4Cash Flow/m
930- 5 Bed
- 3 Bath
- 2296 sft
2166 Jordan Ln, Elgin, IL, 60123
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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