Browse All Elgin IL Multi-Family Properties for Sale

6 Beds ⋅ 2 Baths ⋅ 12667341 MLS ⋅ CLOSED Status

Meticulously maintained all brick duplex offering true turnkey ownership. Both mirror-image 3 bed/1 bath units. This property was purpose-built as a duplex with separate utilities for each tenant, including separately metered gas, electric and water, plus separate HVAC systems and central air for each side - creating a clean, efficient investment structure with minimal owner expense. Recent updates include a brand new roof (2025) and new washers and dryers in both units. Fully fenced backyard and each unit features a spacious living/dining combination, eat-in kitchen with ample cabinetry and counter space, full laundry area, attached 1-car garage, and private storage areas with divided crawlspaces and attics. Low-maintenance ownership with the owner currently responsible only for lawn care and snow removal at approximately $65/month. Conveniently located near downtown, the Rec Center, Library, Metra and I-90. Whether you're looking to expand your portfolio or secure a strong income-producing asset, this is the kind of property investors look for. Photos are from when the property was vacant prior to current tenants. 2025 Real Estate tax=$6,852. Lot size=50x115. Year built-1957.

495-499 Franklin Boulevard, Elgin

$399,900

4 Beds ⋅ 3 Baths ⋅ 12731445 MLS ⋅ CONTINGENT Status

Attention investors and savvy buyers-look no further for your next cash-flowing machine in Elgin! Perfectly situated near local schools, parks, and shopping, this outstanding multi-unit property is the ideal turnkey investment or ultimate house-hacking opportunity. The main level offers a bright 2-bedroom, 1-bathroom unit, mirrored by a second 2-bedroom, 1-bathroom unit upstairs, while a full basement provides exceptional potential to generate extra rental income. Adding even more value is a massive garage and workshop, perfect for contractor storage or an additional stream of revenue. Properties with this much upside at this price point are a rare find, so schedule your showing today before this incredible deal slips away!

642 E Chicago Street, Elgin

$420,000

4 Beds ⋅ 4 Baths ⋅ 12677825 MLS ⋅ CONTINGENT Status

This well maintained 4-unit property features four 1 bedroom 1 bath units. Two of the units have been beautifully remodeled. Conveniently located near Elgin's downtown, shopping, major highways and more!

336 Saint Charles Street, Elgin

$319,900

4 Beds ⋅ 2 Baths ⋅ 12709745 MLS ⋅ CONTINGENT Status

Outstanding investment opportunity in a classic Elgin two-flat located in the Spring-Douglas historical district, offering immediate cash flow plus long-term upside! This well-maintained up/down duplex features two generously sized 2-bedroom units full of vintage character - high ceilings, natural millwork, a charming bay window, and gleaming hardwood floors throughout. Easy walking distance to schools, library and downtown. Unit 1 (421) - VACANT & MOVE-IN READY: Freshly painted, professionally cleaned, and updated with new kitchen flooring - ready to lease at market rent or perfect for an owner-occupant. This spacious 2-bedroom layout includes a primary bedroom and second bedroom, both with generously sized closets, plus a separate living room and family room for flexible everyday living. The kitchen and dining area form one large, open, adjoined space - ideal for entertaining - along with a full bath. Get top rent from day one with this beautifully refreshed unit. Unit 2 (419) - LONG-TERM, STABLE TENANT: A comfortable 2-bedroom layout with a functional galley kitchen, spacious living room, and full bath. Currently occupied on a month-to-month lease, providing immediate income with flexibility for future rent increases or owner use. Additional highlights include a freshly painted basement for extra storage, a detached 2-car garage, and a generous fenced yard - all located just minutes from downtown Elgin, Metra, shopping, and dining. Whether you're an investor looking to add a cash-flowing asset to your portfolio or an owner-occupant hoping to live in one unit while renting the other, this solid two-flat checks every box: updated, spacious, and priced to perform. Schedule your showing today (Lower unit can be a go & show, upstairs requires 48 hour notice.)

419-421 N Spring Street, Elgin

$314,900

3 Beds ⋅ 2 Baths ⋅ 12701991 MLS ⋅ PRICE CHANGE Status

**Completely Renovated Riverview 2-Unit Investment Opportunity!** Some work still being completed, please excuse the mess while we finish this extraordinary property for you! This turn-key multifamily property offers the perfect combination of modern updates, strong cash flow, and an unbeatable location along the Fox River in Elgin. Every major component has been renovated, allowing the next owner to enjoy a truly maintenance-friendly investment with nothing left to do but collect rent. The building features a spacious **2-bedroom unit with projected rental income of approximately $1,800 per month** and a well-appointed **1-bedroom unit with projected rental income of approximately $1,500 per month**, providing excellent income potential for both investors and owner-occupants. Both units have been beautifully updated with new finishes throughout, creating bright, modern living spaces that today's tenants are looking for. Additional features include a **full unfinished basement** offering abundant storage and future possibilities, plus an incredible **8-car parking area**-a rare and valuable amenity for a multifamily property. Situated in a desirable riverview setting with convenient access to downtown Elgin, parks, shopping, restaurants, commuter routes, and the scenic Fox River Trail, this property offers the perfect blend of location, lifestyle, and investment potential. Elgin's riverfront and downtown continue to be key attractions for residents seeking outdoor recreation and urban conveniences. **Whether you're expanding your portfolio or looking to reduce your mortgage by living in one unit while renting the other, this fully renovated, move-in-ready property is an exceptional opportunity that won't last long.** Broker Interest

649 Wellington Avenue, Elgin

$349,600

4 Beds ⋅ 2 Baths ⋅ 12706510 MLS ⋅ CONTINGENT Status

*** WELL MAINTAINED 2 UNIT. PROPERTY. BOTH TWO BEDROOM UNITS IN A HIGHLY DESIRED AREA WITH NEWER FURNACES. SECOND FLOOR APARTMENT CAN BE SHOWN WITH 24 HOUR NOTICE ONLY. FIRST FLOOR SHOWN ONLY TO BUYERS AFTER SERIOUS INTENT TO MAKE AN OFFER DEMONSTRATED, FIRST FLOOR UNIT HAS ATTRACTIVE SIDE PORCH. BOTH UNIT HAVE PRIVATE FRONT AND BACK ENTRANCES. FIRST FLOOR LONG TERM TENANTS. THEIR LEASE EXP ON 10/01/26 ONLY SECOND FLOOR UNIT WILL BE VACANT AT CLOSING. SOLD AS-IS***

464 Mcclure Avenue, Elgin

$420,000

6 Beds ⋅ 2 Baths ⋅ 12704270 MLS ⋅ CONTINGENT Status

Great Turnkey Investment Opportunity located in historic district just north of rapidly developing downtown Elgin. Remodel in 2020 included 2 new eat-in kitchens with granite countertops & new appliances, new bathrooms, all new gas forced-air HVAC system with new central air conditioning units, furnaces, and hot water heaters. New roof on house & garage along with all copper pipes replacing old galvanized also in 2020. Large 2-story detached 1200sf garage currently used for owner's storage is potential 3rd unit coach house development or can be rented to tenants now for indoor parking income. Separately metered gas & electric. Coin-operated commercial washer & dryer in basement shared by both units provides extra income. Second floor tenants maintain lawn and bushes and are responsible for snow removal in exchange for $60/month reduction in rent which is reflected in adjusted Unit 2 current lease amount of $1,640/month. Both apartments are currently leased - start out with strong cash flow right away. Photos are from when both units were vacant prior to tenant occupancy.

472 N Spring Street, Elgin

$474,900

5 Beds ⋅ 4 Baths ⋅ 12691540 MLS ⋅ ACTIVE Status

Now is your time to own one of Elgin's finest historical homes! Located just blocks to downtown Elgin featuring beautiful library, rec center, Hemmens Auditorium and much more! This beautiful home stands up tall situated on a deep level lot with mature trees! Huge covered front porch perfect for those summer nights! Grand foyer/parlor with beautiful custom millwork! Large separate living room with crown and oversized moldings! Separate dining room with exposed wood beams and butler's swinging door to updated kitchen with oak cabinetry, extra recessed lighting and wood laminate flooring! Back covered enclosed porch with separate air/heating and vaulted ceilings perfect for summer gatherings! Huge master bedroom with private fireplace and walk-in closet! Gracious size secondary bedrooms! Rare back-to-back 2 full baths, one with whirlpool tub and second with walk-in shower! Full finished basement with rec room, den, workshop area and added laundry! Rare upper-level unit currently being rented features spacious living room w/cozy gas log fireplace, vaulted ceilings and French door to private balcony! Separate dining area with built-in hutch! Updated kitchen with oak cabinetry and tile flooring! Spacious bedroom with secondary exit for added safety! In-unit laundry! Currently rented for $925.00/mo The main home is loaded with charm and character! Unique detached 2-1/2 car garage with attached heated office perfect for in-home business use or work area! Nothing even close on the market like this! Tremendous amount of space for the value! This is part of an estate sale being sold as is!

386 E Chicago Street, Elgin

$445,000

4 Beds ⋅ 3 Baths ⋅ 12683274 MLS ⋅ CLOSED Status

Exceptional investment opportunity! This well-maintained 3-flat with a rare 3-car garage offers the perfect combination of income potential, flexibility, and long-term value. Whether you're an investor seeking strong cash flow or an owner-occupant looking to offset your mortgage, this property delivers endless possibilities. Each unit offers spacious living areas and flexible floor plans, making them attractive options for tenants or multigenerational living. Live in one unit while generating rental income from the others, or maximize returns by leasing all three units. The 3-car garage provides valuable off-street parking and additional convenience rarely found in multifamily properties. With solid bones and room to add your personal touches, this property presents an excellent opportunity to build equity and increase value over time. Conveniently located near schools, parks, shopping, dining, and public transportation, this property offers easy access to everyday amenities while appealing to a broad range of tenants. Whether you're expanding your portfolio or purchasing your first income-producing property, this versatile 3-flat is an opportunity you won't want to miss. Schedule your private showing today!

1105 Morton Avenue, Elgin

$335,000

4 Beds ⋅ 2 Baths ⋅ 12679370 MLS ⋅ CLOSED Status

Charming 2-Unit Investment Opportunity in a Prime Location! This well-maintained multi-family property features two spacious units, each offering 2 bedrooms and 1 bath. Full of character and charm, the property provides comfortable living spaces with excellent rental or owner-occupant potential. Conveniently located near shopping, dining, schools, and transportation. Being sold AS-IS. Don't miss this opportunity to own a versatile property in a highly desirable location!

571 Walnut Avenue, Elgin

$505,000

3 Beds ⋅ 3 Baths ⋅ 12623879 MLS ⋅ CLOSED Status

Attention investors and savvy buyers! This multi-unit property presents a rare opportunity to own a versatile asset with strong income and value-add potential. Situated on approximately 1.6 acres of land, this property offers space, flexibility, and functionality that is hard to find in today's market. The property benefits from convenient access to shopping, dining, parks, and major commuter routes, making it an attractive location for tenants, business owners, and long-term investment. Featuring a spacious workshop, ample parking, and a layout well-suited for multi-unit living and rental income. The roof has been updated within the last 5 years, and the property has been very well maintained, providing peace of mind for the next owner. The expansive lot offers plenty of room for equipment, vehicles and storage, making it ideal for contractors, investors, or owner-occupants seeking both functionality and income potential. Opportunities like this are rarely available. Schedule your private showing today.

143 S Liberty Street, Elgin

$310,000

5 Beds ⋅ 2 Baths ⋅ 12620295 MLS ⋅ CLOSED Status

462 Ashland Avenue, Elgin

$175,000

4 Beds ⋅ 2 Baths ⋅ 12508766 MLS ⋅ CLOSED Status

Exceptional redevelopment opportunity in Elgin. This property is a full gut rehab offering complete flexibility for investors, builders, or contractors. Currently framed for two units, each designed as 2 bedrooms and 1 bathroom. The interior has been fully stripped, with no plumbing, HVAC, or finishes in place, allowing for a fully customized rebuild. Exterior improvements have been completed within the last five years, and new electrical service (100 AMP) along with electrical boxes have already been installed. The basement requires structural repair to one wall. The sale includes two separate PINs, providing additional land value and potential for future expansion or redevelopment. Property is being sold strictly as-is. No repairs, credits, or survey will be provided. Taxes will be prorated at 100 percent. A strong opportunity for those prepared to take on a full renovation project.

677 Wellington Avenue, Elgin

$314,900

3 Beds ⋅ 2 Baths ⋅ 12615533 MLS ⋅ CLOSED Status

Great opportunity to own a well-maintained 2-unit property in a highly convenient Elgin location! Perfect for both investors and owner-occupants, live in one unit while generating rental income from the other, or add a strong asset to your portfolio. Ideally located within walking distance to Metra, public transportation, parks, schools, shopping, and dining, making it highly desirable for commuters and tenants alike. Both units have been updated with newer flooring, cabinets, countertops, appliances, windows, and fresh paint, offering a clean, modern, and move-in ready feel while minimizing immediate expenses. The layout provides separate living spaces with excellent rental potential and flexibility. Additional highlights include basement access, a spacious lot, and ongoing improvements with front porch and step repairs currently in progress, adding further value. Property is being sold AS-IS. Don't miss this versatile opportunity to generate income, build equity, or both in a growing area!

519 W Highland Avenue, Elgin

$235,000

6 Beds ⋅ 2 Baths ⋅ 12610815 MLS ⋅ CLOSED Status

258-260 Ann Street, Elgin

$310,000

4 Beds ⋅ 2 Baths ⋅ 12608985 MLS ⋅ CLOSED Status

Fantastic 2-unit! Custom lighting & carpentry on main level with gorgeous fireplace! Fully rented! First floor tenants on a month to month and second floor has a lease until July 2026. Tenants pay all bills except water. First floor unit has gas/forced air heat and has access to washer/dryer in basement. Upper unit has electric baseboard heat. Schedule your appointment today!

131 N Gifford Street, Elgin

$515,000

6 Beds ⋅ 4 Baths ⋅ 12598511 MLS ⋅ CLOSED Status

Great investment opportunity! This well-maintained 4-unit building offers strong income potential! Recent updates include a newer water heater and driveway, exterior painted 2024 with the roof replaced in recent years (exact date unknown). The property features ample parking perfect for tenants and is conveniently located near downtown, providing easy access to shopping, dining, and amenities. Whether you're looking to expand your portfolio or secure a solid income-producing asset, this is one you don't want to miss!

408 E Chicago Street, Elgin

$310,000

4 Beds ⋅ 3 Baths ⋅ 12598373 MLS ⋅ CLOSED Status

Great investment property, live in one unit rent the other. Nice large dec for those summer cookouts. Home pays for itself. First floor features 1 full bath and 1 half bath.

133 Oak Street, Elgin

$495,000

6 Beds ⋅ 4 Baths ⋅ 12595218 MLS ⋅ CLOSED Status

This spacious side by side duplex has 3 bedrooms on each side. 1,1 baths and finished basements. Live in one side and rent out the other. The 1585 side has been completely updated with stainless appliances, custom light fixtures, deck and is in move in ready shape. Unit 1583 has been a rental and requires some updating. All mechanical systems have been well maintained and have been replaced in the last 4 years. Home is located next to the park and has a spacious back yard. Duplexes like this one do not come on the market very often. Now is your chance to own this large side by side . Located close to shopping, the Metra and the highway great for commuting.

1583-1585 Sheffield Drive, Elgin

$220,000

3 Beds ⋅ 2 Baths ⋅ 12587513 MLS ⋅ CLOSED Status

Excellent opportunity to own a two-unit property in the heart of Elgin at an incredible value! Priced at $219,900, this is one of the most affordable multi-unit properties currently available in the area. The property features a 2-bedroom unit on the main floor and a 1-bedroom unit in the lower level, offering flexibility for owner-occupants or investors looking to generate rental income. With a little vision and updates, this property has tremendous potential to build equity and increase value over time. One of the standout features is the ample parking available directly in front of the property, including a city-maintained parking lot maintained by the City of Elgin at no cost, providing convenient parking for residents and guests. Ideally located near downtown Elgin, the property is just minutes from local shops, restaurants, parks, public transportation, and many of the amenities the city has to offer. Easy access to major roads also makes commuting simple. Whether you're looking to live in one unit and rent the other or expand your investment portfolio, opportunities like this at this price point are hard to find. Schedule your showing today, this one will not last!

58 S Geneva Street, Elgin

$660,000

8 Beds ⋅ 4 Baths ⋅ 12583419 MLS ⋅ CLOSED Status

Great opportunity for investors or owner-occupants alike! This spacious 4-unit building on South Street offers strong income potential, with each unit featuring 2 bedrooms, 1 bath, separate living and dining rooms, and a full kitchen. All units are currently occupied. Tenants pay utilities except water. The property sits on a large lot and includes a secured 4-car garage plus additional driveway parking. Windows: unknown. Roof: 2015. Water Heater: 2021. Boiler: Significant work was done to the boiler last year.

532 South Street, Elgin

$360,000

4 Beds ⋅ 2 Baths ⋅ 12539595 MLS ⋅ CLOSED Status

Great investment opportunity in one of the coziest and most established pockets of Elgin! This legal 2-unit property at 920 Augusta Avenue sits on a true double lot plus driveway! Features long-time tenants with no leases, offering flexibility for an investor or future owner-occupant. Both units are clean, well-kept, and well maintained, with all major improvements completed within the last five years, including roof, siding, windows, and separate gas forced-air furnaces with separate central air for each unit-a rare and valuable upgrade. The property also offers a full, tall basement with excellent storage or additional potential. Conveniently located near Lords Park, the Fox River and scenic bike trails, downtown Elgin dining and shopping, Metra rail service, and easy access to I-90 and Randall Road retail, this property combines strong rental appeal with a prime, walkable neighborhood location.

920 Augusta Avenue, Elgin

$448,000

5 Beds ⋅ 3 Baths ⋅ 12537084 MLS ⋅ CLOSED Status

Great investment opportunity in Elgin. This unique 3-unit property offers strong upside and multiple income streams. The main building features a lower-level 3-bedroom unit with access to a 2-car garage, plus an upper-level studio apartment. Don't miss the detached 2-bedroom cottage located at the rear of the property off the alley. This separate unit has new flooring, fresh paint, its own parking, and a fenced-in yard, making it ideal for tenant appeal or owner flexibility. Property includes three separate water meters. Two units are currently occupied by long-term tenants, with current rents below market, offering clear potential to increase cash flow. Sold as-is. A solid opportunity for investors looking to add value and grow income in a strong rental market. Contract fell through another buyers loss is your gain.

208 Moseley Street, Elgin

$455,000

5 Beds ⋅ 3 Baths ⋅ 12530236 MLS ⋅ CLOSED Status

FANTASTIC 3-UNIT MULTI-FAMILY PROPERTY * 1 UNIT IS VACANT - AN IDEAL OPPORTUNITY FOR OWNER-OCCUPIED LIVING OR SELECTING A NEW TENANT FOR STRONG CASH FLOW * SOLID BRICK EXTERIOR W/ VALUE-ADD POTENTIAL WITH ONE UNIT CURRENTLY BELOW MARKET RENT * UNITS ARE SPACIOUS THROUGHOUT, AND THE BUILDING OFFERS A GENEROUS 3,460 SQ FT OF LIVING SPACE. * AMPLE PARKING AND A GREAT-SIZED LOT ~ EXPANSIVE ATTIC WITH ABUNDANT STORAGE BOTH UPSTAIRS AND IN THE BASEMENT - PLUS COIN-OPERATED LAUNDRY * PRIME LOCATION CLOSE TO DOWNTOWN ELGIN, METRA & ROUTE 20 * THIS PROPERTY HAS BEEN PROFESSIONALLY MAINTAINED AND MANAGED * 50+ YEAR FAMILY OWNED

518 South Street, Elgin

$285,000

4 Beds ⋅ 3 Baths ⋅ 12432113 MLS ⋅ CLOSED Status

Great investment opportunity near downtown Elgin. 5 car garage, swimming pool, some updates to 3rd unit. Two vacant units. Seller occupies main unit and will be out when sold. Sold AS-IS

265 Center Street, Elgin

$295,000

3 Beds ⋅ 2 Baths ⋅ 12478918 MLS ⋅ CLOSED Status

Excellent Investment Opportunity! 3-Bedroom, 2-Flat in desirable area! Perfect for 1st time homebuyers with rental income to help with the mortgage or investors with great potential cash flow! Brand new roof and freshly painted home with inviting front porch. Vacant 2-bedroom ready for immediate occupancy for the homebuyer or to rent as well as a 1-bedroom with long-time tenant. Heritage Victorian home with ideal location that offers many advantages with quick access to highway, public transit, stores, close to downtown and a park just down the street. Private backyard and 2-car garage.

376 Jefferson Avenue, Elgin

$293,000

4 Beds ⋅ 3 Baths ⋅ 12505520 MLS ⋅ CLOSED Status

Beautifull Two-unit property full of charm and character. Main floor unit has 2 bedrooms 1.1 bathrooms (both bedrooms have private bathrooms) Full basement with both interior and exterior access. The upper unit has 2 bedroom/1 bathroom, a walk-in pantry and plenty of storage. 2-car garage with a covered patio. Ideal 2-family or ideal for the City of Elgin's "Residential Conversion Program" to single-family.

453 E Chicago Street, Elgin

$390,000

4 Beds ⋅ 2 Baths ⋅ 12504264 MLS ⋅ CLOSED Status

Investor's Dream or Perfect Live/Work Setup! This is the investment opportunity you've been waiting for! Two Spacious 2 bedroom Units - Live in one and rent the other, or rent both for excellent income potential. Fully Functional Garage Building - Located at the rear of the lot and equipped with electric, gas, and water lines (gas & water currently capped off). Features three overhead doors with space to add a fourth, a main-floor office/storage room, and an 800 sq. ft. unfinished upper level-ideal for a workshop, studio, or additional storage.The seller just completed a total tear-off roof replacement (October 2025) and has priced it to sell. Whether you're an investor, owner-occupant, or contractor, this property delivers unmatched flexibility and value. Property Highlights: Updated Mechanical Systems - Both units feature 1.5-year-old GFA furnaces and central air conditioning for comfort and efficiency. Energy Efficient - Triple insulation in all exterior walls and nearly all newer thermo-type windows help reduce utility costs. Shared Basement Access - A central staircase leads to a clean, shared basement with hookups for two sets of washers and dryers. Low Owner Expenses - Owner pays water/sewer; tenants pay gas and electric. Why You'll Love It: Zoned and set up for success, this property offers endless income potential with minimal overhead. Whether you're looking to expand your investment portfolio, generate steady cash flow, or create the ideal live/work environment, this property checks all the boxes. Don't miss this opportunity-schedule your showing today!

624 South Street, Elgin

$410,000

7 Beds ⋅ 3 Baths ⋅ 12491361 MLS ⋅ CLOSED Status

117 Tennyson Court, Elgin

$316,000

3 Beds ⋅ 2 Baths ⋅ 12493877 MLS ⋅ CLOSED Status

Make this property your great investment purchase!!!! Perfect for that owner who wants to live in one unit and rent the other. Unit 1 has 2 bedrooms, living room, separate dining room, spacious kitchen, and laundry unit. If that is not all, Unit 1 also includes a walk-in mud room, and screened porch. The 2nd Unit boasts a spacious kitchen with eating area, 1 bedroom and a spacious living room that could be converted into a 2nd bedroom, and a full bath. The property is very well maintained by the owner. In addition, the house comes with clean and partially finished walkout basement with one extra room. Separate water, gas, and electric meters for each unit. New copper plumbing, updated electrical system (2025). 2 new water heaters (2025) Newer oversize 2 car garage. Newer siding and windows. All located on a corner lot, offering driveway and street parking for your tenants. You don't want to miss this opportunity!

458 Morgan Street, Elgin

$441,100

4 Beds ⋅ 4 Baths ⋅ 12483243 MLS ⋅ CLOSED Status

***Multiple offers received. Highest & Best due by Noon on Friday, 10/17.***Welcome to this duplex property located on Elgin's west side, perfect for those seeking an income property or the option to live in one unit and rent out the other. This property offers convenient access to Elgin Community College, the Randall Road corridor for shopping and dining and an easy commute to Route 20 and I-90. Each unit features a formal living room, a spacious kitchen with ample cabinets and counter space and a large dining area that could also serve as a sitting area. Both units include sliding glass doors leading to the backyard and a full bathroom on the first floor. On the second level, each unit offers two bedrooms. One is an oversized primary suite with generous closet space, and the second bedroom also provides ample closet space. A full bathroom is located in the upstairs hallway of each unit. Unit one has been recently updated and includes an unfinished basement. Unit two was updated within the last 15 years, with unit one recently redone! Both basements are highly usable and can be finished to your preference. While the property does not currently have a garage, there is space available to add one. The home requires some exterior work, but the interiors are move-in ready and can provide immediate rental income. The property was previously occupied by the owner on one side and a tenant on the other. These properties do not hit the market often, so please take a look! DO NOT GO OUT ON SECOND FLOOR BALCONY! PROPERTY IS BEING SOLD AS IS.

306-08 S Belmont Avenue, Elgin

$397,000

4 Beds ⋅ 4 Baths ⋅ 12482790 MLS ⋅ CLOSED Status

Multi Family - Income Producing Investment Property * 2900 above ground SQFT * 1511 BSMT SQFT * $4050.00 per month in rents collected * 3 Car Garage * All units have been renovated over time: Unit #1 2013 to 2025, Unit #2 Bathroom Reno 2023, Unit #3 Kitchen Reno 2004 and Bathroom Reno 2023, Unit #4 Reno 2016. * 1.19 miles from Elgin Metra * Property located in Historical Elgin. Exterior recently stripped and painted $22,500. Historical Building * Est: 6% CAP Rate

528 E Chicago Street, Elgin

$435,000

4 Beds ⋅ 3 Baths ⋅ 12485834 MLS ⋅ CLOSED Status

Multiple offers received. Highest and best due Oct 10th 7pm. Investor Alert! Turnkey 3-Unit Property + 6-Car Garage - Prime Elgin Location. Show your investor clients this incredible opportunity! This fully updated 3-unit income property features two 1-bedroom/1-bath units and one 2-bedroom/1-bath unit, PLUS a massive 6-car garage for additional rental income. Recent improvements include: Brand new Roof and Siding Updated bathrooms, flooring, kitchen cabinets, Updated electrical and plumbing, and newer windows. Each unit has separate electric and gas meters, along with individual furnaces and water heaters-making management and tenant billing simple. Located just minutes from the Metra station, Grand Victoria Casino, Elgin Community College, public library, and a variety of restaurants and shops, this property offers both convenience and strong rental demand. Estimated monthly income: $4,490, which includes $750/month in garage rent. Whether you're looking to expand your portfolio or start generating immediate cash flow, this one checks all the boxes!

330 W Highland Avenue, Elgin

$735,000

7 Beds ⋅ 4 Baths ⋅ 12474157 MLS ⋅ CLOSED Status

Designed for multi-generational living on one level, the main floor offers breathtaking views from every window and includes a welcoming foyer, office, dining room, family room, a luxurious master suite, and a second full bath. The private in-law apartment on the main level features its own kitchen, living/dining area, two bedrooms, and a full bath-perfect for extended family or guests. The finished lower level expands the lifestyle options with a spacious recreation room, game area, full bath, and two additional bedrooms/flex rooms. Outside, you'll find a true retreat: 3-car attached garage plus a 4-car detached garage, tranquil pond with half water rights ( see pic) pool with expansive deck. Recent updates add even more value: a new roof (2023), new carpet, and a new backup generator for peace of mind. The location offers the best of both worlds just minutes to Randall Road shopping, dining, Metra, and I-90, yet it feels worlds away. Only 35 minutes to O'Hare and under an hour to downtown Chicago. Plus, highly rated 301 Schools. This home is a rare opportunity to own a flexible property that can also be converted back to single living space if desired. Seller is a license IL broker.

10N836 Lakeside Court, Elgin

$288,000

5 Beds ⋅ 4 Baths ⋅ 12464818 MLS ⋅ CLOSED Status

If you're looking for an investment property that needs a little TLC with great upside potential and for a reasonable price - here it is! The main house has four bedrooms, 2.5 baths and needs some TLC, the second unit is detached and located above the garage and it features a one bedroom, one bath apartment with a kitchen and living room and is in very good condition. Major updates include a newer roof on the house and garage (approximately 7 years old) newer furnace, AC unit, hot water heater and electrical service panel in main house, newer furnace, hot water heater and electric service in apt above the garage, both units have separate gas and electric meter but the water is on one meter. Main house includes all appliances and has a washer and dryer in the unit. There is a large yard with a side drive and a two car garage. Current tenant above the garage would like to stay but currently tenants are on month to month leases at below market rates. The property is being sold "as-is". Please be patient when making appts. as tenants need notice. Showings by appt on Wednesday, Friday and Saturdays only between 4:00 and 6:00 only -no exceptions must have confirmation.

327 Billings Street, Elgin

$375,500

3 Beds ⋅ 3 Baths ⋅ 12463784 MLS ⋅ CLOSED Status

Welcome to 422 Locust Street, a beautifully updated two-unit property located in the heart of Elgin. This turnkey building presents a rare opportunity for both owner-occupants and investors, offering thoughtful upgrades throughout and strong rental potential. Unit 1 features a spacious and unique two-story layout with a private entrance, giving the feel of a single-family home. It includes three oversized bedrooms, two updated bathrooms, a modern kitchen with brand new waterproof luxury vinyl plank flooring, and upgraded lighting throughout. Unit 2 is a fully remodeled studio with its own private entrance, showcasing quartz countertops, smart appliances, waterproof LVP flooring, and a contemporary bathroom-making it an ideal high-end rental. Both units will be delivered vacant at closing, providing maximum flexibility to rent at current market rates or to house hack. The property has been meticulously maintained and thoughtfully improved with major upgrades, including a new water heater (2024), a high-efficiency Carrier HVAC system with a two-stage gas furnace (2022), a Nest thermostat, Aprilaire humidifier, newer windows, and a freshly built and painted wraparound porch. The exterior features a freshly blacktopped driveway, a detached three-car garage, and an additional ten parking spaces-offering rare and valuable off-street parking for tenants or guests. The full basement includes laundry, extra storage, and a separate exterior entrance, creating a value-add opportunity for future living space or rental income. Rental comps in the area demonstrate strong upside potential. Unit one: MLS #12286435, a 3BD/1BA property, rented for $2,000 in just 22 days, while MLS #12281539, a 3BD/1BA with only a one-car garage, supports similar pricing. Unit 2: For the studio unit, MLS #12198381 rented at $995 with no garage, driveway, or privacy, and MLS #12065176 rented in just 26 days without parking. COMPETITIVE ADVANTAGE: the units at 422 Locust Street offer more modern finishes, private entrances, ample off-street parking, 3 CAR GARAGE with potential to be rented and overall better value-suggesting even higher rental potential. Located near downtown Elgin, Grand Victoria Casino, Metra, I-90, shops, and restaurants, this property offers both convenience and long-term value. With excellent projected rental income and flexible occupancy options, this is a prime opportunity to own a well-maintained, income-producing property in a desirable and growing market.

422 Locust Street, Elgin

$393,933

6 Beds ⋅ 4 Baths ⋅ 12445013 MLS ⋅ CLOSED Status

356-358 N Spring Street, Elgin

$265,000

3 Beds ⋅ 3 Baths ⋅ 12441924 MLS ⋅ CLOSED Status

INVESTOR OR 1ST TIME BUYER!! THE SECOND FLOOR IS A 1 BR/ 1 BATH RENTED THRU JUNE OF '26 FOR $750... SAME GREAT TENANT FOR LAST 10 YEARS. 1ST FLOOR & FULL BASEMENT IS READY & AVAILABLE WITH REMODELED KITCHEN/9FT CEILINGS/HARDWOOD FLOORS/UPDATED VINYL THERMO WINDOWS/STAINLESS APPLIANCES/CORIAN TOPS/ISLAND. DEEP LOT WITH MATURE TREES, FENCED YARD, 2 CAR GARAGE-TURN AROUD SPOT, AND ALL CLOSE TO JEWEL/OSCO & 90 ACCESS. SEPARATE UTILITIES!!

523 N Liberty Street, Elgin

$305,000

4 Beds ⋅ 3 Baths ⋅ 12436001 MLS ⋅ CLOSED Status

There's an assumable FHA loan for $197,000 and some change on this charming 2-flat conversion nestled on a picturesque street near Elgin's historic district! The first-floor unit boasts high ceilings, a spacious living room, an elegant arched doorway leading to the kitchen/dining area, two large bedrooms with ample walk-in closets, and a full bath. Freshly painted with new carpeting, the second-floor unit features two bedrooms, a generous living area, an eat-in kitchen, a private balcony, and a spacious full bath. The basement offers two large finished living areas (egress window required to designate a bedroom) and a full bath with a small kitchen area. Please note, basement appliances are not included.Recent upgrades include city-redone sewer/water pipes, side drive/apron, a furnace, central air, and hot water heater (all ~3 years old). Past updates include roof, updated electrical, and PVC sewer line from 2012. Enjoy outdoor living on the expansive back patio with a partial privacy fence. The oversized 2-car garage includes a workbench, storage, and a walk-up attic. The current tenant is on a month-to-month lease. Sold as-is, this versatile property is perfect for a two-family household, an investment opportunity, or conversion back to a single-family home. Endless possibilities await!

645 Lavoie Avenue, Elgin

$575,000

11 Beds ⋅ 4 Baths ⋅ 12432935 MLS ⋅ CLOSED Status

Excellent Investment Opportunity - Fully Leased 4-Unit Building in Prime Elgin Location! Spacious and well-maintained, this fully occupied multi-unit property is an ideal addition to any investor's portfolio. All four units are currently leased, generating immediate rental income. Three of the units feature updated kitchens and bathrooms, providing modern comfort for tenants. Recent mechanical and structural updates offer peace of mind: TWO NEW FURNACE UNITS installed in October 2024, Two hot water heaters - 40-gallon (installed Dec 2022) & 50-gallon (installed Dec 2011). Building exterior painted, plus new gutters and downspouts (2021) and driveway/parking lot sealed (2025). The property includes two separate basement areas: One basement provides community storage for tenants and houses a coin-operated laundry (1 washer & 1 dryer) and the second basement is secured for landlord use, perfect for storage or a workshop. Ample off-street parking with 11 total spaces, 2 reserved per unit and 3 visitor spots. Conveniently located within walking distance to Gail Borden Library, Hemmens Cultural Center, Elgin Recreation Center, the scenic Fox River, and all the vibrant offerings of Downtown Elgin. Don't miss out on this great investment opportunity!

262-64 Spring Street, Elgin

$200,000

3 Beds ⋅ 2 Baths ⋅ 12422777 MLS ⋅ CLOSED Status

LOVELY 2 STORY NESTLED ON A QUIET HILL IN ELGIN. 2 APARTMENTS , UPPER UNIT IS RENTED FOR YEARS TO THE SAME TENANT, LOWER LEVEL VACANT. TENANT IS ON A MONTH TO MONTH LEASE. EASILY ROOM FOR 4 CARS OFF THE ALLEY. APARTMENT 1 ON THE FIRST FLOOR IS A 1 BR., 1 BATH, APARTMENT 2 ON THE SECOND FLOOR IS A 2 BR., 1 BATH. RENT IS $805 .FOR THE FIRST FLOOR UNIT RENT WAS $600.

392 Plum Court, Elgin

$590,000

6 Beds ⋅ 6 Baths ⋅ 12359932 MLS ⋅ CLOSED Status

Discover the perfect blend of comfort and investment with this impressive side-by-side duplex. Each unit is thoughtfully designed with 3 bedrooms with the primary on the 1st level with an en-suite featuring separate shower, jacuzzi tub and walk in closet. Hardwood floors in the living room and all bedrooms. Kitchen with stainless steel appliances, eat-in area and sliding doors to spacious patio. 2 bedrooms each with one bathroom are located on the 2nd level which has an open view to the living room. Attic space for expansion. Full basement. Attached 2 car garages. Spacious yard perfect for entertaining. This duplex not only offers a high quality of living but also presents a lucrative investment opportunity. Don't miss out on this exceptional property!

260-262 Chaparral Circle, Elgin

$345,000

5 Beds ⋅ 2 Baths ⋅ 12415447 MLS ⋅ CLOSED Status

Endless Possibilities - 2-Flat with 3-Car Garage Near Downtown Elgin! An incredible investment opportunity awaits just minutes from vibrant downtown Elgin! This spacious 2-flat offers the perfect setup for owner-occupants or savvy investors. Live in one unit while the other helps pay your mortgage-or rent out both and maximize your returns. Two generous units with flexible layouts - ideal for tenants or multigenerational living. Rare 3-car garage - adds convenience and rental appeal. Strong income potential - Plenty of space and classic charm. Close to schools, parks, shopping, dining, and public transportation. Whether you're looking to grow your portfolio or create your dream owner-occupied income property, this is your chance to build equity and cash flow in a sought-after area. Act fast-Schedule your showing today!

39 Leonard Street, Elgin

$520,000

6 Beds ⋅ 2 Baths ⋅ 12383954 MLS ⋅ CLOSED Status

Welcome to this rare opportunity! Full side by side duplex tucked away in the back of the Valley Creek subdivision! Each side is a mirror image of one another featuring 3 bedrooms, 2 full baths, full unfinished basement and each has a 2 car garage! 740 Cheyenne has all been redone with newer flooring! 742 does need some updating! Each unit has a very functional eat-in kitchen, cozy living room and separate dining area with sliding door to the private deck! Spacious master bedroom with vaulted ceiling, skylight and walk-in closet! Gracious size secondary bedrooms! Upper bath with skylight and oversized vanity! Covered front porch perfect for summer nights! Deep lot with mature trees! Maintenance free exterior! Each unit renting for $1950 with leases expiring end of August! Live in one side or rent the entire building! This is the crown jewel for duplexes! Allow 24 hour notice for showings!

740-42 Cheyenne Lane, Elgin

$303,000

4 Beds ⋅ 2 Baths ⋅ 12398180 MLS ⋅ CLOSED Status

***Excellent investment opportunity!!! Rent one unit and live in the other or rent both and enjoy the cash flow! Very well kept 2 flat property with 2 very spacious units, one with a large deck and the other with beautiful pavers patio and a large partially fenced yard for summer entertainment! Each unit features 2 bedroom, 1 bath, plenty of parking space in the beautifully done pavers driveway and 3 car garage, unfinished basement with interior and exterior access! Both units are in an excellent condition. Some of the updates feature 1yr old water heater, 2nd floor unit recent interior painting and new rangehood. *Great location with easy access to major streets. *Desirable South Elgin Middle and High schools! *Low property Taxes* *Sold in As-is condition

376 Hastings Street, Elgin

$225,000

5 Beds ⋅ 3 Baths ⋅ 12393215 MLS ⋅ CLOSED Status

Charming Two-Unit in Elgin's Historical District with Excellent Income Potential! This character-filled property offers the perfect blend of classic charm, flexible living space, and strong investment opportunities. The first-floor unit features a spacious 3 to 4-bedroom layout with a walkout basement. Ideal for future finishing or extended living. The upstairs 1-bedroom unit offers excellent natural light and the possibility to reconfigure for even higher rental income. Situated on a wide lot, the property features a 1.5-car garage, an expansive brick patio, and a deep, private yard, offering outdoor comfort and ample room to expand. With rents rising in the area, this is an excellent opportunity for an owner-occupant or investor seeking substantial passive income. Perfect for a handyman buyer with a vision, this home has great bones and needs the right touch-ups and cosmetic updates to unlock its full value. Whether you're looking to maximize cash flow, renovate and build equity, or live in one unit while renting out the other, this property offers significant potential for growth. Unique charm, usable space, and endless possibilities- bring your architectural ideas and make the most of this rare opportunity! *See attached floor plan*

566 Raymond Street, Elgin

$322,000

4 Beds ⋅ 2 Baths ⋅ 12388468 MLS ⋅ CLOSED Status

Don't miss this great investment opportunity! This well-maintained two-flat is ideally located right across from Ronald O'Neal Elementary School. Both units are currently rented with a lease until March 2026. Two driveways for convenient access. Spacious 2-car garage. Large adjacent lot included with the property - perfect for expansion, gardening, or additional outdoor space. This property offers solid rental income with room to grow. Schedule your showing today!

310 Hill Avenue, Elgin

$469,000

4 Beds ⋅ 2 Baths ⋅ 12383933 MLS ⋅ CLOSED Status

Very rare opportunity to purchase a full side by side ranch duplex on Elgin's West side! Great curb appeal! New concrete driveway! Each unit features a front living room with picture window and vaulted ceilings! Both kitchens with breakfast bar, oak cabinetry and all appliances stay! Separate dining area with skylight, vaulted ceilings and sliding glass door to the private deck! Spacious bedrooms and each unit has 2 full bathrooms! Each unit has a large full unfinished basement -great for storage! Some recent updates in 1925 unit include flooring and bathroom! Deep lot with mature trees! Great location with quick access to schools, shopping, train and I-90!

1923-25 Monday Drive, Elgin

$295,000

4 Beds ⋅ 2 Baths ⋅ 12388501 MLS ⋅ CLOSED Status

Great Investment Opportunity - Two-Unit Property in Prime Location! Don't miss this fantastic opportunity to own a well-maintained 2-flat just minutes from the shopping and dining conveniences of Summit and Route 58, with easy access to I-90 for a smooth commute. This two-story property features two separate units, each with 2 bedrooms and 1 full bathroom, and separate utilities for added convenience and investment potential. Lower-level unit offers beautiful hardwood floors, abundant natural light from large windows, and a spacious kitchen with ample cabinet space. Upper-level unit also features hardwood flooring and a comfortable, functional layout. Outside, enjoy a three-car garage and a long driveway providing plenty of off-street parking. Whether you're looking to live in one unit and rent the other, or rent both for income, this property offers plenty of potential! Schedule your showing today and explore the possibilities this investment property has to offer!

478 Barrett Street, Elgin

$327,500

3 Beds ⋅ 3 Baths ⋅ 12378503 MLS ⋅ CLOSED Status

Well-maintained 3-unit investment property with stable rental income and long-term tenants. Main unit features 1 bed, 1 bath, and an additional room ideal for an office. Recently repainted with new carpeting. Tenant has access to storage in both the basement and back area. Basement includes shared laundry (for Unit 1), was sealed less than a year ago, and has a new water heater (2024). Radiant heat in Units 1 & 2; Unit 3 has central heat/AC. Unit 2 is a freshly updated upstairs studio with new flooring in the kitchen and bath, leased through April 2026. Unit 3 is a 1 bed, 1 bath with a long-term tenant (over 20 years) who assists with exterior upkeep. Lease runs through July 2026. Bonus income from an additional garage space currently rented as storage on a month-to-month basis at $125/month. Separate storage spaces available for each unit. Excellent location for an investment property as it's just minutes from downtown Elgin, RT20, I90, and multiple Metra stops. Great rental history and solid cash flow make this an ideal addition to any investment portfolio.

572 Walnut Avenue, Elgin

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