6

Elgin, IL Multifamily Homes & Duplexes for Sale

Section Image
  • /18

    $239,900

    • 3 Beds
    • 2 Baths

    392 Plum Ct, Elgin, IL 60120

    LOVELY 2 STORY NESTLED ON A QUIET HILL IN ELGIN. 2 APARTMENTS WITH THE SAME TENANTS FOR YEARS. EACH LESSEE 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, AAPARTMENT 2 ON THE SECOND FLOOR IS A 2 BR., 1 BATH. RENTS ARE $805 FOR THE 2 BEDROOM AND 600 FOR THE 1 BEDROOM.

    Kevin Forkin RE/MAX Suburban

    392 Plum Ct, Elgin, IL 60120
  • /4

    $429,000

    • 4 Beds
    • 2 Baths

    624 South St, Elgin, IL 60123

    This is the investment opportunity you've been waiting for! Seller just completed a total tear-off roof replacement last week and has priced it to sell! Whether you're an investor, owner-occupant, or contractor, this property offers unmatched flexibility and value: 2 Spacious Units; Live in one and rent the other, or rent both and the garages for serious income. Fully Functional Garage Building -

    Richard Grieger Inspire Realty Group LLC

    624 South St, Elgin, IL 60123
  • /23

    $335,000

    • 3 Beds
    • 2 Baths

    458 Morgan St, Elgin, IL 60123

    Buyers got cold feet. Their loss your gain! 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

    Ana Morado HomeSmart Connect LLC

    458 Morgan St, Elgin, IL 60123
  • /20

    $329,900

    • 3 Beds
    • 2 Baths

    558 Franklin Blvd, Elgin, IL 60120

    Are you an investor looking for a 2-unit property or a buyer needing additional rental income? Then this is the perfect property for you. This 2-unit is ready to move in. The first floor has two bedrooms and one bathroom (remodeled in 2023), and the second floor has one bedroom and one bathroom with new kitchen cabinets (2022), new kitchen flooring (2022), new stove and fridge (2022), a two-car

    Eddie Quintana-Garcia Netgar Investments, Inc

    558 Franklin Blvd, Elgin, IL 60120
  • /13

    $725,000

    • 5 Beds
    • 2 Baths

    900 Grand Ave, Elgin, IL 60120

    VERY UNIQUE currently a 2 unit on 2.3 acres with over 300 ft. of frontage to Lords park . legal nonconforming zoned PAB (planned area business) So it can remain residential or if you have a business you can use it for that, and for the developers out there it would be perfect for a senior building, facing the park the city really likes that idea. Lots of possibilities . Truly, one of a

    Bob Parson Berkshire Hathaway HomeServices Starck Real Estate

    900 Grand Ave, Elgin, IL 60120
  • /2

    $4,675,000

    230 S State St, Elgin, IL 60123

    This great opportunity for an investment building so conveniently located near a Metra stop (only 1.4 miles away), Randall Rd, Rt 20, and I90 does not come along very often! 230 State Street offers Building is fully rented many long terms tenant positive cash flow.

    Jayesh Parekh ARNI Realty Incorporated

    230 S State St, Elgin, IL 60123

Why Live in Elgin

Elgin's extensive park system encompasses over 75 parks across 4,000 acres, including Lord's Park with its small zoo housing bison and elk. The Fox River Trail provides scenic paths for cycling and walking, while Wing Park features a swimming pool and ice rink for year-round recreation. Cultural attractions include the Hemmens Cultural Center, which hosts concerts and theater productions, and Side Street Studio Arts, supporting local artists through exhibitions and workshops. The historic downtown showcases Victorian architecture, complemented by the Elgin History Museum's collection of Elgin National Watch Company artifacts.

Home prices in Elgin vary by neighborhood and property type. The median price for single-family homes ranges from $257,500 in the Elgin National Watch Historic District to $570,000 in Far West Elgin. Providence and Far West Elgin represent the premium housing market, with median single-family home prices of $465,000 and $570,000 respectively. Condominiums present affordable options, with median prices of $54,500 for one-bedroom units and $229,000 for two-bedroom units. Townhomes have a median price of $311,100.

Property taxes in Kane County have an effective rate of 2.39%, higher than neighboring Cook County at 1.98%. The Illinois state income tax rate stands at 4.95%, with a combined sales tax rate of 8.89%. Educational options include highly rated private schools such as Elgin Academy, serving multiple neighborhoods and maintaining an A+ rating. Judson University maintains a campus in Elgin. Commuters can reach Chicago, 35 miles southeast, via I-90 or the Metra Milwaukee District West Line. Local dining highlights include Mockingbird Bar + Garden, known for farm-to-table cuisine, and The Saddle Room, which has earned 4.6 stars from 2,397 reviews.

Home Trends in Elgin, IL

Housing Trends

Median Sale Price
$340,000
Median Single Family Sale Price
$381,500
Median Townhouse Sale Price
$310,000
Median 2 Bedroom Sale Price
$229,900
Median 1 Bedroom Sale Price
$131,700
Average Price Per Sq Ft
$203
Number of Homes for Sale
141
Last 12 months Home Sales
686
Months of Supply
2.50
Median List Price
$354,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
6%
How to Buy a Home How to Finance a Home How to Sell a Home