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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
$ 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 **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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