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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Multi Family Investment Properties for Sale in Elgin, IL

Currently Rented
Listed for sale today
$ 310,000
ROI
21.3
Cash Flow/m
130- 4 Bed
- 2 Bath
- - sft
131 N Gifford St, Elgin, IL, 60120

Fix & Flip
Listed for sale 7 days ago
$ 275,000
ROI
30.8
Cash Flow/m
845- 2 Bed
- 2 Bath
- 1276 sft
362 Chaparral Ct, Elgin, IL, 60120

$ 299,000
ROI
26.7
Cash Flow/m
575- 4 Bed
- 3 Bath
- - sft
133 Oak St, Elgin, IL, 60123

$ 489,900
ROI
21.2
Cash Flow/m
202- 6 Bed
- 4 Bath
- - sft
1583-1585 Sheffield Dr, Elgin, IL, 60123
Why Invest in Elgin, Illinois?
Multi-family properties in Elgin, IL offer strong investment potential with cap rates averaging 6.2%, exceeding regional benchmarks. Rental yields remain attractive amid tight vacancy rates near 1.8%, driving consistent cash flow. Average rents for two-bedroom units hit $1,750, supported by 4.5% annual growth and workforce demand. Appreciation of 3-5% annually, combined with new construction adding supply, positions Elgin for stable long-term returns. Investors benefit from proximity to Chicago employment hubs and revitalized downtown areas.
8.5%
Avg. ROI
6.8%
Rental Yield
6.2%
Cap Rate
$450/mo
Avg. Cash Flow
$1750/mo
Avg. Rent
4.2%
1Y Appreciation
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