Real Estate Investment Properties for Sale in Elgin, IL

Looking for investment property in Elgin, IL with high ROI ?

Explore a variety of short-term homes & houses in Elgin, IL. Invest wisely with VRBO & Elgin, IL Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Elgin, IL

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
1932 Banks Drive Elgin, IL Experience this beautifully updated 2-story colonial in Century Oaks West. Spanning over 2...	4 beds \| 3 baths \| 2,410 sq.ft.	$430,000	Airbnb cash on cash: -1.59% Traditional cash on cash: 4.02% Airbnb Rental Income: $953 Traditional Rental Income: $2867 Airbnb ROI: -1.59% Traditional ROI: 4.02%
585 Park Street Elgin, IL Registered Historic Home! This Colonial Revival style home was originally built for Henry ...	4 beds \| 3 baths \| 3,187 sq.ft.	$415,000	Airbnb cash on cash: -1.98% Traditional cash on cash: 3.83% Airbnb Rental Income: $953 Traditional Rental Income: $2867 Airbnb ROI: -1.98% Traditional ROI: 3.83%
9N930 Koshare Circle Elgin, IL Absolutely Stunning 4 level split-level with a finished sub-basement that includes an ador...	4 beds \| 3 baths \| N/A	$629,900	Airbnb cash on cash: -1.52% Traditional cash on cash: 2.84% Airbnb Rental Income: $953 Traditional Rental Income: $3169 Airbnb ROI: -1.52% Traditional ROI: 2.84%
603 Douglas Avenue Elgin, IL Value-Add Opportunity in Douglas Spring Historic District Welcome to this 3-story residenc...	4 beds \| 3 baths \| 1,602 sq.ft.	$249,000	Airbnb cash on cash: -1.13% Traditional cash on cash: 7.01% Airbnb Rental Income: $953 Traditional Rental Income: $2521 Airbnb ROI: -1.13% Traditional ROI: 7.01%
1150 Cedar Avenue Elgin, IL Welcome to this charming ranch home set on a huge, fully fenced corner lot in Elgin's desi...	2 beds \| 1 baths \| 873 sq.ft.	$289,900	Airbnb cash on cash: 0.32% Traditional cash on cash: 3.47% Airbnb Rental Income: $1281 Traditional Rental Income: $1739 Airbnb ROI: 0.32% Traditional ROI: 3.47%
1167 Florimond Drive Elgin, IL From the moment you walk into this beautifully updated tri-level townhome, it instantly fe...	4 beds \| 3 baths \| 1,800 sq.ft.	$329,500	Airbnb cash on cash: -2.67% Traditional cash on cash: 4.63% Airbnb Rental Income: $953 Traditional Rental Income: $2867 Airbnb ROI: -2.67% Traditional ROI: 4.63%
2466 Amber Lane Elgin, IL Come check out this well-maintained 3 bed, 2.5 bath townhome in the quiet Fox Ridge subdiv...	3 beds \| 3 baths \| 1,584 sq.ft.	$310,000	Airbnb cash on cash: 0.39% Traditional cash on cash: 3.88% Airbnb Rental Income: $1685 Traditional Rental Income: $2233 Airbnb ROI: 0.39% Traditional ROI: 3.88%
336 Hamilton Avenue Elgin, IL Rare, all brick French Style Georgian home; absolutely stunning! Experience timeless Frenc...	3 beds \| 2 baths \| 3,000 sq.ft.	$449,900	Airbnb cash on cash: 0.16% Traditional cash on cash: 3.1% Airbnb Rental Income: $1685 Traditional Rental Income: $2454 Airbnb ROI: 0.16% Traditional ROI: 3.1%
14N468 Bonnie Lane Elgin, IL	4 beds \| 3 baths \| 2,184 sq.ft.	$544,900	Airbnb cash on cash: -1.18% Traditional cash on cash: 3.35% Airbnb Rental Income: $953 Traditional Rental Income: $2910 Airbnb ROI: -1.18% Traditional ROI: 3.35%
1848 Chandolin Lane Elgin, IL READY FOR APRIL DELIVERY! Homesite #0248 This new single-story home showcases a stylish ra...	3 beds \| 3 baths \| 2,441 sq.ft.	$658,310	Airbnb cash on cash: -1.5% Traditional cash on cash: 1.32% Airbnb Rental Income: $1685 Traditional Rental Income: $2946 Airbnb ROI: -1.5% Traditional ROI: 1.32%
3100 Holden Street Elgin, IL Welcome to 3100 Holden St, where modern living meets comfort. The kitchen is a chef's drea...	4 beds \| 3 baths \| 2,438 sq.ft.	$570,000	Airbnb cash on cash: -0.37% Traditional cash on cash: 4.88% Airbnb Rental Income: $953 Traditional Rental Income: $3400 Airbnb ROI: -0.37% Traditional ROI: 4.88%
1863 Chandolin Lane Elgin, IL SOLD BEFORE PRINT! Experience the charm and luxury of the Ridgefield Ranch, a beautifully ...	3 beds \| 2 baths \| 2,171 sq.ft.	$675,446	Airbnb cash on cash: -1.55% Traditional cash on cash: 1.15% Airbnb Rental Income: $1685 Traditional Rental Income: $2914 Airbnb ROI: -1.55% Traditional ROI: 1.15%
1865 Chandolin Lane Elgin, IL Sold before print! Move-In Ready by November 2025! Welcome to Ponds of Stony Creek, a prem...	5 beds \| 4 baths \| 3,800 sq.ft.	$769,760	Airbnb cash on cash: N/A Traditional cash on cash: 4.43% Airbnb Rental Income: $null Traditional Rental Income: $4121 Airbnb ROI: N/A Traditional ROI: 4.43%
1867 Chandolin Lane Elgin, IL Sold before print! Experience the charm and luxury of the Ridgefield Ranch, a beautifully ...	3 beds \| 2 baths \| 2,171 sq.ft.	$672,830	Airbnb cash on cash: -1.54% Traditional cash on cash: 1.18% Airbnb Rental Income: $1685 Traditional Rental Income: $2925 Airbnb ROI: -1.54% Traditional ROI: 1.18%
3611 Sandstone Circle Elgin, IL SOLD BEFORE PRINT! Discover unparalleled living in the highly desirable Ponds of Stony Cre...	4 beds \| 3 baths \| 3,125 sq.ft.	$648,990	Airbnb cash on cash: -0.38% Traditional cash on cash: 4.24% Airbnb Rental Income: $953 Traditional Rental Income: $3403 Airbnb ROI: -0.38% Traditional ROI: 4.24%
3620 Sahara Road Elgin, IL SOLD BEFORE PRINT! Move-In Ready by November 2025! Welcome to Ponds of Stony Creek, a prem...	4 beds \| 4 baths \| 3,799 sq.ft.	$750,150	Airbnb cash on cash: -0.46% Traditional cash on cash: 4.48% Airbnb Rental Income: $953 Traditional Rental Income: $4061 Airbnb ROI: -0.46% Traditional ROI: 4.48%
3590 Sandstone Circle Elgin, IL Print Before Sold! Experience the charm and luxury of the Ridgefield Ranch in a clubhouse ...	3 beds \| 2 baths \| 2,171 sq.ft.	$701,830	Airbnb cash on cash: 0.37% Traditional cash on cash: 2.98% Airbnb Rental Income: $1685 Traditional Rental Income: $2927 Airbnb ROI: 0.37% Traditional ROI: 2.98%
3591 sandstone Circle Elgin, IL Pre-Construction Pricing! Move-In Ready by November 2025! Welcome to Ponds of Stony Creek,...	4 beds \| 4 baths \| 3,876 sq.ft.	$745,990	Airbnb cash on cash: -0.46% Traditional cash on cash: 4.55% Airbnb Rental Income: $953 Traditional Rental Income: $4086 Airbnb ROI: -0.46% Traditional ROI: 4.55%
315 Vandalia Street Elgin, IL	3 beds \| 2 baths \| 1,200 sq.ft.	$211,000	Airbnb cash on cash: 2.09% Traditional cash on cash: 7.09% Airbnb Rental Income: $1685 Traditional Rental Income: $2214 Airbnb ROI: 2.09% Traditional ROI: 7.09%

Real Estate investment in Elgin, IL

There are 147 properties for sale in the city of Elgin . The median list price in Elgin is $430,000 and the average price per square foot is $194. In March 2026, the average monthly cash on cash return in Elgin is 4.00%. The average monthly rental income in Elgin is $2,642.

Elgin, IL Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 147 investment properties available for sale in Elgin.

In 2026, the best neighborhood to buy investment property is Elgin.

The ROI for Long-Term is higher than the Short-Term in Elgin with average rental income of $2,642.

Your search for investment property begins and ends here

Investment Property for Sale in Elgin, IL

1932 Banks Drive

Elgin, IL

4 beds | 3 baths | 2,410 sq.ft.

$430,000

Airbnb cash on cash: -1.59%

Traditional cash on cash: 4.02%

Airbnb Rental Income: $953

Traditional Rental Income: $2867

Airbnb ROI: -1.59%

Traditional ROI: 4.02%

585 Park Street

Elgin, IL

4 beds | 3 baths | 3,187 sq.ft.

$415,000

Airbnb cash on cash: -1.98%

Traditional cash on cash: 3.83%

Airbnb Rental Income: $953

Traditional Rental Income: $2867

Airbnb ROI: -1.98%

Traditional ROI: 3.83%

9N930 Koshare Circle

Elgin, IL

4 beds | 3 baths | N/A

$629,900

Airbnb cash on cash: -1.52%

Traditional cash on cash: 2.84%

Airbnb Rental Income: $953

Traditional Rental Income: $3169

Airbnb ROI: -1.52%

Traditional ROI: 2.84%

603 Douglas Avenue

Elgin, IL

4 beds | 3 baths | 1,602 sq.ft.

$249,000

Airbnb cash on cash: -1.13%

Traditional cash on cash: 7.01%

Airbnb Rental Income: $953

Traditional Rental Income: $2521

Airbnb ROI: -1.13%

Traditional ROI: 7.01%

1150 Cedar Avenue

Elgin, IL

2 beds | 1 baths | 873 sq.ft.

$289,900

Airbnb cash on cash: 0.32%

Traditional cash on cash: 3.47%

Airbnb Rental Income: $1281

Traditional Rental Income: $1739

Airbnb ROI: 0.32%

Traditional ROI: 3.47%

1167 Florimond Drive

Elgin, IL

4 beds | 3 baths | 1,800 sq.ft.

$329,500

Airbnb cash on cash: -2.67%

Traditional cash on cash: 4.63%

Airbnb Rental Income: $953

Traditional Rental Income: $2867

Airbnb ROI: -2.67%

Traditional ROI: 4.63%

2466 Amber Lane

Elgin, IL

3 beds | 3 baths | 1,584 sq.ft.

$310,000

Airbnb cash on cash: 0.39%

Traditional cash on cash: 3.88%

Airbnb Rental Income: $1685

Traditional Rental Income: $2233

Airbnb ROI: 0.39%

Traditional ROI: 3.88%

336 Hamilton Avenue

Elgin, IL

3 beds | 2 baths | 3,000 sq.ft.

$449,900

Airbnb cash on cash: 0.16%

Traditional cash on cash: 3.1%

Airbnb Rental Income: $1685

Traditional Rental Income: $2454

Airbnb ROI: 0.16%