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
1705 College Green Dr Elgin, IL Rare find 3 bedrooms, 2.5 baths corner end unit backing up green space and pond. Garage pl...	3 beds \| 2 baths \| 1,650 sq.ft.	$292,500	Airbnb cash on cash: 1.22% Traditional cash on cash: 4.06% Airbnb Rental Income: $1685 Traditional Rental Income: $1999 Airbnb ROI: 1.22% Traditional ROI: 4.06%
833 Forest Avenue Elgin, IL Welcome to this charming ranch on a deep, wooded lot just under 1/3 acre (approx. 0.30 acr...	2 beds \| 1 baths \| 1,040 sq.ft.	$259,900	Airbnb cash on cash: 0.42% Traditional cash on cash: 4.47% Airbnb Rental Income: $1281 Traditional Rental Income: $1872 Airbnb ROI: 0.42% Traditional ROI: 4.47%
483 Barrett St Elgin, IL Beautifully updated and move-in ready! Nestled on a picturesque, tree-lined street near El...	4 beds \| 2 baths \| 1,686 sq.ft.	$355,000	Airbnb cash on cash: -0.9% Traditional cash on cash: 4.46% Airbnb Rental Income: $953 Traditional Rental Income: $2391 Airbnb ROI: -0.9% Traditional ROI: 4.46%
796 Parkway Avenue Elgin, IL Discover the charm of 796 Parkway in Elgin, now featuring a fresh exterior paint job that ...	3 beds \| 1 baths \| 1,154 sq.ft.	$289,100	Airbnb cash on cash: 1.45% Traditional cash on cash: 4% Airbnb Rental Income: $1685 Traditional Rental Income: $1911 Airbnb ROI: 1.45% Traditional ROI: 4%
519 Shagbark Dr Elgin, IL LIVE IN A FOREST OF TOWERING TREES HIGH ON A HILL YET CLOSE TO EVERYTHING YOU NEED! THIS S...	3 beds \| 3 baths \| 2,080 sq.ft.	$379,900	Airbnb cash on cash: -1.34% Traditional cash on cash: 4.08% Airbnb Rental Income: $1281 Traditional Rental Income: $2807 Airbnb ROI: -1.34% Traditional ROI: 4.08%
550 Madison Ln Elgin, IL Welcome to this beautiful Madison Lane townhome. This spacious home features two bedrooms ...	2 beds \| 2 baths \| 1,783 sq.ft.	$324,900	Airbnb cash on cash: -1.53% Traditional cash on cash: 3.45% Airbnb Rental Income: $1281 Traditional Rental Income: $2446 Airbnb ROI: -1.53% Traditional ROI: 3.45%
233 Pawtucket Ave Elgin, IL Opportunity knocks in Elgin's desirable Providence subdivision! This spacious two-story ho...	4 beds \| 3 baths \| 2,522 sq.ft.	$450,000	Airbnb cash on cash: -2.35% Traditional cash on cash: 4.43% Airbnb Rental Income: $953 Traditional Rental Income: $3458 Airbnb ROI: -2.35% Traditional ROI: 4.43%
304 Nautical Way #D Elgin, IL This 2nd floor end unit has just been freshly painted and is ready for a new owner!!! A ...	2 beds \| 1 baths \| 1,100 sq.ft.	$199,500	Airbnb cash on cash: 1.16% Traditional cash on cash: 5.61% Airbnb Rental Income: $1281 Traditional Rental Income: $1720 Airbnb ROI: 1.16% Traditional ROI: 5.61%
552 Walnut Ave Elgin, IL HUGE PRICE REDUCTION and new roof to be installed in the next 2 weeks!! Be a part of Elgin...	3 beds \| 1 baths \| 1,600 sq.ft.	$230,900	Airbnb cash on cash: 2.22% Traditional cash on cash: 3.63% Airbnb Rental Income: $1685 Traditional Rental Income: $1524 Airbnb ROI: 2.22% Traditional ROI: 3.63%
1604 Pebble Beach Cir Elgin, IL Welcome to this charming two-story townhouse nestled in the sought-after College Green com...	2 beds \| 2 baths \| 1,420 sq.ft.	$275,000	Airbnb cash on cash: -0.6% Traditional cash on cash: 4.51% Airbnb Rental Income: $1281 Traditional Rental Income: $2204 Airbnb ROI: -0.6% Traditional ROI: 4.51%
10N827 Hawthorne St Elgin, IL What a great opportunity to own this ranch home on .59 acre, UNINCORPORATED Elgin. Enjoy c...	2 beds \| 1 baths \| 890 sq.ft.	$279,000	Airbnb cash on cash: 0.39% Traditional cash on cash: 2.7% Airbnb Rental Income: $1281 Traditional Rental Income: $1487 Airbnb ROI: 0.39% Traditional ROI: 2.7%
481 Division St Elgin, IL Charming 3-Bed / 1-Bath Home in Historic Elgin with Great Location & Local Perks Welcome t...	3 beds \| 1 baths \| 1,400 sq.ft.	$250,000	Airbnb cash on cash: 1.98% Traditional cash on cash: 5.13% Airbnb Rental Income: $1685 Traditional Rental Income: $1959 Airbnb ROI: 1.98% Traditional ROI: 5.13%
12 N Du Bois Ave Elgin, IL MULTIPLE OFFERS RECEIVED HIGHEST AND BESY DUE SUNDAY 10/8 by 7pm****Wonderful ranch style ...	3 beds \| 2 baths \| 1,047 sq.ft.	$299,900	Airbnb cash on cash: 1.52% Traditional cash on cash: 3.59% Airbnb Rental Income: $1685 Traditional Rental Income: $1800 Airbnb ROI: 1.52% Traditional ROI: 3.59%
3134 Kyra Ln Elgin, IL New year, new home! Step into over 3,000 square feet of finished living space in this spac...	3 beds \| 2 baths \| 2,450 sq.ft.	$390,000	Airbnb cash on cash: -0.68% Traditional cash on cash: 3.7% Airbnb Rental Income: $1685 Traditional Rental Income: $2857 Airbnb ROI: -0.68% Traditional ROI: 3.7%
14N468 Bonnie Ln Elgin, IL If you've been searching for a peaceful property with room to grow, this is it. The large ...	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 Pre-Construction Pricing Available! Experience the charm and luxury of the Ridgefield Ranc...	3 beds \| 2 baths \| 2,171 sq.ft.	$637,990	Airbnb cash on cash: -1.45% Traditional cash on cash: 1.46% Airbnb Rental Income: $1685 Traditional Rental Income: $2946 Airbnb ROI: -1.45% Traditional ROI: 1.46%
1846 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.	$741,650	Airbnb cash on cash: N/A Traditional cash on cash: 3.54% Airbnb Rental Income: $null Traditional Rental Income: $3365 Airbnb ROI: N/A Traditional ROI: 3.54%
3100 Holden St Elgin, IL READY FOR JANUARY DELIVERY!! Introducing the Auburn model-a thoughtfully crafted two-story...	4 beds \| 2 baths \| 2,438 sq.ft.	$569,845	Airbnb cash on cash: -2.56% Traditional cash on cash: 2.69% Airbnb Rental Income: $953 Traditional Rental Income: $3400 Airbnb ROI: -2.56% Traditional ROI: 2.69%
3102 Holden St Elgin, IL READY FOR JANUARY DELIVERY!! Homesite #0394 Discover the Wren, a thoughtfully designed two...	4 beds \| 2 baths \| 2,619 sq.ft.	$579,747	Airbnb cash on cash: -0.38% Traditional cash on cash: 4.8% Airbnb Rental Income: $953 Traditional Rental Income: $3411 Airbnb ROI: -0.38% Traditional ROI: 4.8%
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 Ln Elgin, IL READY FOR FEBRUARY DELIVERY!! Homesite #0300 This new two-story home is the community's la...	4 beds \| 4 baths \| 3,876 sq.ft.	$769,760	Airbnb cash on cash: -0.47% Traditional cash on cash: 4.43% Airbnb Rental Income: $953 Traditional Rental Income: $4121 Airbnb ROI: -0.47% Traditional ROI: 4.43%
1856 Diamond Drive Elgin, IL Sold before print! Move-In Ready by November 2025! Welcome to Ponds of Stony Creek, a prem...	4 beds \| 3 baths \| 3,415 sq.ft.	$656,990	Airbnb cash on cash: -0.39% Traditional cash on cash: 4.03% Airbnb Rental Income: $953 Traditional Rental Income: $3314 Airbnb ROI: -0.39% Traditional ROI: 4.03%
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%
453 Addison St Elgin, IL Welcome to this charming and well maintained 2 bedroom, 1.5 bathroom home located on a tre...	2 beds \| 1 baths \| 1,352 sq.ft.	$248,000	Airbnb cash on cash: 0.05% Traditional cash on cash: 5.67% Airbnb Rental Income: $1281 Traditional Rental Income: $2195 Airbnb ROI: 0.05% Traditional ROI: 5.67%
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 St Elgin, IL Don't miss out opportunity to make this your home. 3 bedrooms, 2 full bathrooms. House has...	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%
1857 Chandolin Lane Elgin, IL SOLD BEFORE PRINT! Discover your dream home where thoughtful design meets unmatched comfor...	4 beds \| 3 baths \| 2,420 sq.ft.	$789,880	Airbnb cash on cash: -2.62% Traditional cash on cash: 0.84% Airbnb Rental Income: $953 Traditional Rental Income: $3151 Airbnb ROI: -2.62% Traditional ROI: 0.84%
308 N Clifton Ave Elgin, IL Welcome to 308 N Clifton Ave, a charming 3-bedroom, 1-bath home nestled on a quiet tree-li...	3 beds \| 1 baths \| 1,101 sq.ft.	$245,000	Airbnb cash on cash: 1.98% Traditional cash on cash: 4.8% Airbnb Rental Income: $1685 Traditional Rental Income: $1870 Airbnb ROI: 1.98% Traditional ROI: 4.8%
118 Wilcox Avenue Elgin, IL Welcome to this inviting 2-story home in Elgin offering comfort, space, and endless potent...	3 beds \| 2 baths \| 1,512 sq.ft.	$277,000	Airbnb cash on cash: 1.23% Traditional cash on cash: 5.54% Airbnb Rental Income: $1685 Traditional Rental Income: $2341 Airbnb ROI: 1.23% Traditional ROI: 5.54%
613 Lismore Circle Elgin, IL MODEL GRAND OPENING! READY FOR DECEMBER DELIVERY!! Homesite #0035 Unveil the Starling, an ...	4 beds \| 3 baths \| 2,235 sq.ft.	$499,990	Airbnb cash on cash: -0.28% Traditional cash on cash: 4.95% Airbnb Rental Income: $953 Traditional Rental Income: $3051 Airbnb ROI: -0.28% Traditional ROI: 4.95%
1181 Hiawatha Drive Elgin, IL Rates are dropping! Don't let your first time buyers miss this charmer. Great starter home...	2 beds \| 2 baths \| 957 sq.ft.	$281,000	Airbnb cash on cash: -0.26% Traditional cash on cash: 4.62% Airbnb Rental Income: $1281 Traditional Rental Income: $2170 Airbnb ROI: -0.26% Traditional ROI: 4.62%
2705 Colonial Dr Elgin, IL If superior quality and generous square footage are your top priorities, you just found bo...	5 beds \| 3 baths \| 3,900 sq.ft.	$550,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.89% Airbnb Rental Income: $null Traditional Rental Income: $4032 Airbnb ROI: N/A Traditional ROI: 4.89%
50 Sheridan Street Elgin, IL Welcome to 50 Sheridan St, a charming and well-maintained 3 bed 1 bath home located in the...	3 beds \| 1 baths \| 1,200 sq.ft.	$246,000	Airbnb cash on cash: 1.98% Traditional cash on cash: 5.47% Airbnb Rental Income: $1685 Traditional Rental Income: $2026 Airbnb ROI: 1.98% Traditional ROI: 5.47%
12n901 Coombs Road Elgin, IL You'll fall in love with this spectacular private 22 acre (20 feet deep) lake location! If...	5 beds \| 4 baths \| 5,340 sq.ft.	$925,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.21% Airbnb Rental Income: $null Traditional Rental Income: $4534 Airbnb ROI: N/A Traditional ROI: 2.21%
8N465 Shady Ln Elgin, IL Beautiful Mid-Century Ranch home located on a gorgeous wooded lot backing to a Forest Pres...	3 beds \| 3 baths \| 2,525 sq.ft.	$559,000	Airbnb cash on cash: -0.25% Traditional cash on cash: 4.03% Airbnb Rental Income: $1685 Traditional Rental Income: $3449 Airbnb ROI: -0.25% Traditional ROI: 4.03%
1103 Lawrence Ave Elgin, IL Charming Ranch on Expansive Lot - West Side Elgin This well-maintained ranch offers the pe...	3 beds \| 1 baths \| 1,184 sq.ft.	$299,900	Airbnb cash on cash: 0.95% Traditional cash on cash: 3.57% Airbnb Rental Income: $1685 Traditional Rental Income: $1956 Airbnb ROI: 0.95% Traditional ROI: 3.57%
149 Highbury Drive Elgin, IL Welcome to this well-maintained home offering a comfortable layout and modern updates thro...	3 beds \| 2 baths \| 1,556 sq.ft.	$313,000	Airbnb cash on cash: 1.2% Traditional cash on cash: 5.5% Airbnb Rental Income: $1685 Traditional Rental Income: $2479 Airbnb ROI: 1.2% Traditional ROI: 5.5%

Real Estate investment in Elgin, IL

There are 167 properties for sale in the city of Elgin . The median list price in Elgin is $315,000 and the average price per square foot is $151. In February 2026, the average monthly cash on cash return in Elgin is 3.00%. The average monthly rental income in Elgin is $2,206.

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

There are 167 investment properties available for sale in Elgin.

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

The ROI for Short-Term is higher than the Long-Term in Elgin with average rental income of $1,281.

Your search for investment property begins and ends here

Investment Property for Sale in Elgin, IL

1705 College Green Dr

Elgin, IL

3 beds | 2 baths | 1,650 sq.ft.

$292,500

Airbnb cash on cash: 1.22%

Traditional cash on cash: 4.06%

Airbnb Rental Income: $1685

Traditional Rental Income: $1999

Airbnb ROI: 1.22%

Traditional ROI: 4.06%

833 Forest Avenue

Elgin, IL

2 beds | 1 baths | 1,040 sq.ft.

$259,900

Airbnb cash on cash: 0.42%

Traditional cash on cash: 4.47%

Airbnb Rental Income: $1281

Traditional Rental Income: $1872

Airbnb ROI: 0.42%

Traditional ROI: 4.47%

483 Barrett St

Elgin, IL

4 beds | 2 baths | 1,686 sq.ft.

$355,000

Airbnb cash on cash: -0.9%

Traditional cash on cash: 4.46%

Airbnb Rental Income: $953

Traditional Rental Income: $2391

Airbnb ROI: -0.9%

Traditional ROI: 4.46%

796 Parkway Avenue

Elgin, IL

3 beds | 1 baths | 1,154 sq.ft.

$289,100

Airbnb cash on cash: 1.45%

Traditional cash on cash: 4%

Airbnb Rental Income: $1685

Traditional Rental Income: $1911

Airbnb ROI: 1.45%

Traditional ROI: 4%

519 Shagbark Dr

Elgin, IL

3 beds | 3 baths | 2,080 sq.ft.

$379,900

Airbnb cash on cash: -1.34%

Traditional cash on cash: 4.08%

Airbnb Rental Income: $1281

Traditional Rental Income: $2807

Airbnb ROI: -1.34%

Traditional ROI: 4.08%

550 Madison Ln

Elgin, IL

2 beds | 2 baths | 1,783 sq.ft.

$324,900

Airbnb cash on cash: -1.53%

Traditional cash on cash: 3.45%

Airbnb Rental Income: $1281

Traditional Rental Income: $2446

Airbnb ROI: -1.53%

Traditional ROI: 3.45%

233 Pawtucket Ave

Elgin, IL

4 beds | 3 baths | 2,522 sq.ft.

$450,000

Airbnb cash on cash: -2.35%

Traditional cash on cash: 4.43%

Airbnb Rental Income: $953

Traditional Rental Income: $3458

Airbnb ROI: -2.35%

Traditional ROI: 4.43%

304 Nautical Way #D

Elgin, IL

2 beds | 1 baths | 1,100 sq.ft.

$199,500

Airbnb cash on cash: 1.16%

Traditional cash on cash: 5.61%

Airbnb Rental Income: $1281

Traditional Rental Income: $1720

Airbnb ROI: 1.16%