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
987 South St Elgin, IL Super nice home good location. Brand new siding and roof. Home offers spacious size kitche...	2 beds \| 2 baths \| 1,000 sq.ft.	$289,900	Airbnb cash on cash: 2.37% Traditional cash on cash: 3.85% Airbnb Rental Income: $1814 Traditional Rental Income: $1739 Airbnb ROI: 2.37% Traditional ROI: 3.85%
1102 Iron Horse Ct Elgin, IL STUNNING BOWES CREEK COUNTRY CLUB TOWNHOME WITH NO EXPENSE SPARED! Prepare to be impressed...	3 beds \| 2 baths \| 2,282 sq.ft.	$399,990	Airbnb cash on cash: -0.14% Traditional cash on cash: 3.15% Airbnb Rental Income: $2076 Traditional Rental Income: $2854 Airbnb ROI: -0.14% Traditional ROI: 3.15%
1155 Falcon Ridge Dr Elgin, IL Wow! Premium end unit with gorgeous views of prairie and open grass! Private side entry! E...	3 beds \| 2 baths \| 2,402 sq.ft.	$439,900	Airbnb cash on cash: -0.49% Traditional cash on cash: 1.8% Airbnb Rental Income: $2076 Traditional Rental Income: $2504 Airbnb ROI: -0.49% Traditional ROI: 1.8%
3811 Ivy Ln Elgin, IL SPARKLING CLEAN NORTH FACING CORNER LOT, RYAN HOME. GORGEOUS VENICE PLAN 2-STORY WITH IMPR...	4 beds \| 2 baths \| 2,486 sq.ft.	$577,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.14% Airbnb Rental Income: $null Traditional Rental Income: $2807 Airbnb ROI: N/A Traditional ROI: 2.14%
1447 Mackenzie Ln Elgin, IL This is one of the more desirable floor plans in the subdivision and these 3 bedroom units...	3 beds \| 3 baths \| N/A	$394,999	Airbnb cash on cash: 0.37% Traditional cash on cash: 3.09% Airbnb Rental Income: $2076 Traditional Rental Income: $2563 Airbnb ROI: 0.37% Traditional ROI: 3.09%
216 Wilcox Ave Elgin, IL Home is now vacant and being sold AS-IS Bring your imagination and decorating ideas and t...	3 beds \| 2 baths \| 1,408 sq.ft.	$296,900	Airbnb cash on cash: 2.67% Traditional cash on cash: 4.92% Airbnb Rental Income: $2076 Traditional Rental Income: $2170 Airbnb ROI: 2.67% Traditional ROI: 4.92%
2789 Randall Ridge Dr Elgin, IL This home is shows like a model. Gorgeous finishes and well maintained. Beautifully updat...	4 beds \| 2 baths \| 2,603 sq.ft.	$485,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.57% Airbnb Rental Income: $null Traditional Rental Income: $2593 Airbnb ROI: N/A Traditional ROI: 2.57%
180 S Belmont Ave Elgin, IL EXCELLENT 3 BEDROOM SPLIT LEVEL Conveniently located near Route 20 and Randall Rd. This h...	3 beds \| 2 baths \| 2,066 sq.ft.	$400,000	Airbnb cash on cash: 1.42% Traditional cash on cash: 4.15% Airbnb Rental Income: $2076 Traditional Rental Income: $2566 Airbnb ROI: 1.42% Traditional ROI: 4.15%
308 Buffalo Dr Elgin, IL	4 beds \| 3 baths \| 2,726 sq.ft.	$560,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.42% Airbnb Rental Income: $null Traditional Rental Income: $2867 Airbnb ROI: N/A Traditional ROI: 2.42%
162 Hibiscus Ln Elgin, IL Now is the time to be apart of this Beautiful Home! READY FOR QUICK MOVE-IN! Impeccable A...	4 beds \| 2 baths \| 2,878 sq.ft.	$549,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.27% Airbnb Rental Income: $null Traditional Rental Income: $2971 Airbnb ROI: N/A Traditional ROI: 2.27%
3824 Honeysuckle Ln Elgin, IL Demand is high, inventory is low and RATES ARE AMAZING so stop renting and OWN a 3 bedroom...	3 beds \| 2 baths \| 1,756 sq.ft.	$342,000	Airbnb cash on cash: 0.32% Traditional cash on cash: 3.7% Airbnb Rental Income: $2076 Traditional Rental Income: $2700 Airbnb ROI: 0.32% Traditional ROI: 3.7%
1248 Coldspring Rd Elgin, IL Beautiful, updated ranch townhome located in Cobblers Crossing in Elgin~ nothing to do but...	2 beds \| 2 baths \| 1,251 sq.ft.	$319,900	Airbnb cash on cash: 0.99% Traditional cash on cash: 4.13% Airbnb Rental Income: $1814 Traditional Rental Income: $2267 Airbnb ROI: 0.99% Traditional ROI: 4.13%
3303 Lafayette St Elgin, IL Stunning 4 bedroom, 3.5 bath home with upgrades and designed for both everyday living and ...	4 beds \| 3 baths \| 4,190 sq.ft.	$599,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.24% Airbnb Rental Income: $null Traditional Rental Income: $3584 Airbnb ROI: N/A Traditional ROI: 3.24%
260 S Aldine St Elgin, IL For more information or to schedule your private tour, call/text the Co-Listing Agent, Kri...	2 beds \| 1 baths \| 960 sq.ft.	$305,000	Airbnb cash on cash: 2.76% Traditional cash on cash: 4.26% Airbnb Rental Income: $1814 Traditional Rental Income: $1752 Airbnb ROI: 2.76% Traditional ROI: 4.26%
971 Demmond St Elgin, IL THE KEYS TO YOUR NEW HOME AWAIT! COME CHECK OUT THIS SOLID BUILT BRICK RANCH STYLE HOME IN...	4 beds \| 2 baths \| 1,323 sq.ft.	$373,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.94% Airbnb Rental Income: $null Traditional Rental Income: $2267 Airbnb ROI: N/A Traditional ROI: 3.94%
2425 Daybreak Ct #0 Elgin, IL You will love this spacious condo in popular Mulberry Grove. Features open floor plan tha...	2 beds \| 1 baths \| 1,252 sq.ft.	$274,900	Airbnb cash on cash: 1.19% Traditional cash on cash: 3.47% Airbnb Rental Income: $1814 Traditional Rental Income: $1913 Airbnb ROI: 1.19% Traditional ROI: 3.47%
1003 Saint John St Elgin, IL Charming, spacious traditional home on a quiet, tree-lined street near the historic Sherma...	4 beds \| 2 baths \| 1,708 sq.ft.	$240,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.08% Airbnb Rental Income: $null Traditional Rental Income: $2546 Airbnb ROI: N/A Traditional ROI: 6.08%
3414 Cameron Dr Elgin, IL Stunning townhome in Elgin with beautiful curb appeal!! Walk inside to this gorgeous fresh...	2 beds \| 2 baths \| 1,756 sq.ft.	$314,900	Airbnb cash on cash: 0.09% Traditional cash on cash: 4.33% Airbnb Rental Income: $1814 Traditional Rental Income: $2578 Airbnb ROI: 0.09% Traditional ROI: 4.33%
501 Raymond St Elgin, IL Invest with success and buy through Auction.com. This foreclosure investment property is a...	3 beds \| 1 baths \| 1,250 sq.ft.	$249,900	Airbnb cash on cash: 3.86% Traditional cash on cash: 3.18% Airbnb Rental Income: $2347 Traditional Rental Income: $1607 Airbnb ROI: 3.86% Traditional ROI: 3.18%
464 Mcclure Ave Elgin, IL BUYER FINANCING FELL THRU!! BRING OFFER Very picturesque and nicely maintained legal 2...	4 beds \| 2 baths \| N/A	$349,600	Airbnb cash on cash: 2.07% Traditional cash on cash: 4.48% Airbnb Rental Income: $2076 Traditional Rental Income: $2332 Airbnb ROI: 2.07% Traditional ROI: 4.48%
10N827 Hawthorne St Elgin, IL	2 beds \| 1 baths \| 890 sq.ft.	$279,000	Airbnb cash on cash: 2.08% Traditional cash on cash: 2.7% Airbnb Rental Income: $1814 Traditional Rental Income: $1487 Airbnb ROI: 2.08% Traditional ROI: 2.7%

Real Estate investment in Elgin, IL

There are 278 properties for sale in the city of Elgin . The median list price in Elgin is $349,791 and the average price per square foot is $156. In September 2026, the average monthly cash on cash return in Elgin is 3.00%. The average monthly rental income in Elgin is $2,440.

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

There are 278 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 $2,440.

Your search for investment property begins and ends here

Investment Property for Sale in Elgin, IL

987 South St

Elgin, IL

2 beds | 2 baths | 1,000 sq.ft.

$289,900

Airbnb cash on cash: 2.37%

Traditional cash on cash: 3.85%

Airbnb Rental Income: $1814

Traditional Rental Income: $1739

Airbnb ROI: 2.37%

Traditional ROI: 3.85%

1102 Iron Horse Ct

Elgin, IL

3 beds | 2 baths | 2,282 sq.ft.

$399,990

Airbnb cash on cash: -0.14%

Traditional cash on cash: 3.15%

Airbnb Rental Income: $2076

Traditional Rental Income: $2854

Airbnb ROI: -0.14%

Traditional ROI: 3.15%

1155 Falcon Ridge Dr

Elgin, IL

3 beds | 2 baths | 2,402 sq.ft.

$439,900

Airbnb cash on cash: -0.49%

Traditional cash on cash: 1.8%

Airbnb Rental Income: $2076

Traditional Rental Income: $2504

Airbnb ROI: -0.49%

Traditional ROI: 1.8%

3811 Ivy Ln

Elgin, IL

4 beds | 2 baths | 2,486 sq.ft.

$577,900

Airbnb cash on cash: N/A

Traditional cash on cash: 2.14%

Airbnb Rental Income: $null

Traditional Rental Income: $2807

Airbnb ROI: N/A

Traditional ROI: 2.14%

1447 Mackenzie Ln

Elgin, IL

3 beds | 3 baths | N/A

$394,999

Airbnb cash on cash: 0.37%

Traditional cash on cash: 3.09%

Airbnb Rental Income: $2076

Traditional Rental Income: $2563

Airbnb ROI: 0.37%

Traditional ROI: 3.09%

216 Wilcox Ave

Elgin, IL

3 beds | 2 baths | 1,408 sq.ft.

$296,900

Airbnb cash on cash: 2.67%

Traditional cash on cash: 4.92%

Airbnb Rental Income: $2076

Traditional Rental Income: $2170

Airbnb ROI: 2.67%

Traditional ROI: 4.92%

2789 Randall Ridge Dr

Elgin, IL

4 beds | 2 baths | 2,603 sq.ft.

$485,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.57%

Airbnb Rental Income: $null

Traditional Rental Income: $2593

Airbnb ROI: N/A

Traditional ROI: 2.57%

180 S Belmont Ave

Elgin, IL

3 beds | 2 baths | 2,066 sq.ft.

$400,000

Airbnb cash on cash: 1.42%

Traditional cash on cash: 4.15%

Airbnb Rental Income: $2076

Traditional Rental Income: $2566

Airbnb ROI: 1.42%