Real Estate Investment Properties for Sale in Elizabeth, IL

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

Explore a variety of short-term homes & houses in Elizabeth, IL. Invest wisely with VRBO & Elizabeth, 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 Elizabeth, IL

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
408 S Madison Elizabeth, IL REDUCED! Discover the perfect blend of comfort and space in this delightful move-in ready,...	3 beds \| 1 baths \| 784 sq.ft.	$135,000	Airbnb cash on cash: 9.25% Traditional cash on cash: 8.89% Airbnb Rental Income: $2131 Traditional Rental Income: $1540 Airbnb ROI: 9.25% Traditional ROI: 8.89%
2105 N Elizabeth Scales Mound Elizabeth, IL Luxury cabin and Chalet guest house overlooking a pond with 40 acres of stunning Jo Davies...	4 beds \| 5 baths \| 1,675 sq.ft.	$1,550,000	Airbnb cash on cash: -0.47% Traditional cash on cash: 0.52% Airbnb Rental Income: $2712 Traditional Rental Income: $3497 Airbnb ROI: -0.47% Traditional ROI: 0.52%
8585 S Derinda Elizabeth, IL Very Motivated Seller, make an offer on this special property! Equestrian property on acre...	4 beds \| 4 baths \| 2,892 sq.ft.	$750,000	Airbnb cash on cash: 0.41% Traditional cash on cash: 3.49% Airbnb Rental Income: $2712 Traditional Rental Income: $4227 Airbnb ROI: 0.41% Traditional ROI: 3.49%
310 W Madison Elizabeth, IL Step into timeless character and vintage appeal with this 1929 Prairie-style stucco home s...	2 beds \| 2 baths \| 884 sq.ft.	$164,900	Airbnb cash on cash: 3.56% Traditional cash on cash: 9.2% Airbnb Rental Income: $1472 Traditional Rental Income: $1925 Airbnb ROI: 3.56% Traditional ROI: 9.2%
46 Oak Valley Elizabeth, IL Ranch Style home for Sale, Elizabeth, IL 61028. Two-bedroom, one-bathroom home located at ...	2 beds \| 1 baths \| 672 sq.ft.	$99,000	Airbnb cash on cash: 7.38% Traditional cash on cash: 10.97% Airbnb Rental Income: $1472 Traditional Rental Income: $1384 Airbnb ROI: 7.38% Traditional ROI: 10.97%
3310 S Apple River Elizabeth, IL Country living close to town with this beautifully remodeled home sitting on 1.12 acres ju...	2 beds \| 2 baths \| 1,000 sq.ft.	$339,000	Airbnb cash on cash: 0.71% Traditional cash on cash: 3.84% Airbnb Rental Income: $1472 Traditional Rental Income: $2035 Airbnb ROI: 0.71% Traditional ROI: 3.84%
10 Galena Oak Elizabeth, IL Perfect weekend getaway where the work has been done and the relaxation can begin. This A...	2 beds \| 1 baths \| N/A	$99,900	Airbnb cash on cash: 8% Traditional cash on cash: 11.64% Airbnb Rental Income: $1472 Traditional Rental Income: $1391 Airbnb ROI: 8% Traditional ROI: 11.64%

Real Estate investment in Elizabeth, IL

There are 7 properties for sale in the city of Elizabeth . The median list price in Elizabeth is $149,950 and the average price per square foot is $112. In October 2025, the average monthly cash on cash return in Elizabeth is 10.00%. The average monthly rental income in Elizabeth is $1,980.

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

There are 7 investment properties available for sale in Elizabeth.

In 2025, the best neighborhood to buy investment property is Elizabeth.

The ROI for Short-Term is higher than the Long-Term in Elizabeth with average rental income of $2,131.

Your search for investment property begins and ends here

Investment Property for Sale in Elizabeth, IL

408 S Madison

Elizabeth, IL

3 beds | 1 baths | 784 sq.ft.

$135,000

Airbnb cash on cash: 9.25%

Traditional cash on cash: 8.89%

Airbnb Rental Income: $2131

Traditional Rental Income: $1540

Airbnb ROI: 9.25%

Traditional ROI: 8.89%

2105 N Elizabeth Scales Mound

Elizabeth, IL

4 beds | 5 baths | 1,675 sq.ft.

$1,550,000

Airbnb cash on cash: -0.47%

Traditional cash on cash: 0.52%

Airbnb Rental Income: $2712

Traditional Rental Income: $3497

Airbnb ROI: -0.47%

Traditional ROI: 0.52%

8585 S Derinda

Elizabeth, IL

4 beds | 4 baths | 2,892 sq.ft.

$750,000

Airbnb cash on cash: 0.41%

Traditional cash on cash: 3.49%

Airbnb Rental Income: $2712

Traditional Rental Income: $4227

Airbnb ROI: 0.41%

Traditional ROI: 3.49%

310 W Madison

Elizabeth, IL

2 beds | 2 baths | 884 sq.ft.

$164,900

Airbnb cash on cash: 3.56%

Traditional cash on cash: 9.2%

Airbnb Rental Income: $1472

Traditional Rental Income: $1925

Airbnb ROI: 3.56%

Traditional ROI: 9.2%

46 Oak Valley

Elizabeth, IL

2 beds | 1 baths | 672 sq.ft.

$99,000

Airbnb cash on cash: 7.38%

Traditional cash on cash: 10.97%

Airbnb Rental Income: $1472

Traditional Rental Income: $1384

Airbnb ROI: 7.38%

Traditional ROI: 10.97%

3310 S Apple River

Elizabeth, IL

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

$339,000

Airbnb cash on cash: 0.71%

Traditional cash on cash: 3.84%

Airbnb Rental Income: $1472

Traditional Rental Income: $2035

Airbnb ROI: 0.71%

Traditional ROI: 3.84%

10 Galena Oak

Elizabeth, IL

2 beds | 1 baths | N/A

$99,900

Airbnb cash on cash: 8%

Traditional cash on cash: 11.64%

Airbnb Rental Income: $1472

Traditional Rental Income: $1391

Airbnb ROI: 8%

Traditional ROI: 11.64%

Real Estate investment in Elizabeth, IL

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

How many investment properties are available for sale in Elizabeth?

Which neighborhoods in Elizabeth to invest in 2025?

Long-Term vs. Short-Term Rentals in Elizabeth, Illinois: Which will earn the best returns?

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