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
2105 N Elizabeth Scales Mound Rd Elizabeth, IL Escape to your own private retreat with this exceptional estate nestled in a peaceful, sec...	4 beds \| 4 baths \| 6,197 sq.ft.	$1,449,000	Airbnb cash on cash: 0.1% Traditional cash on cash: 1.56% Airbnb Rental Income: $3970 Traditional Rental Income: $5088 Airbnb ROI: 0.1% Traditional ROI: 1.56%
46 Oak Valley Dr 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: 7.27% Traditional cash on cash: 8.12% Airbnb Rental Income: $1473 Traditional Rental Income: $1121 Airbnb ROI: 7.27% Traditional ROI: 8.12%
1904 US Rt 20 E Elizabeth, IL 1904 US Rt 20 East, Elizabeth, IL 61028 \| Other	N/A beds \| N/A baths \| N/A	$442,500	Airbnb cash on cash: 0.22% Traditional cash on cash: -1.96% Airbnb Rental Income: $2065 Traditional Rental Income: $625 Airbnb ROI: 0.22% Traditional ROI: -1.96%
TBD US Rt 20 Elizabeth, IL TBD US Rt 20, Elizabeth, IL 61028 \| Other	N/A beds \| N/A baths \| N/A	$2,500,000	Airbnb cash on cash: -2.64% Traditional cash on cash: -3.03% Airbnb Rental Income: $2065 Traditional Rental Income: $627 Airbnb ROI: -2.64% Traditional ROI: -3.03%
1 E Hoffman Road Elizabeth, IL This 31 acre MOL luxury estate is EXACTLY what dreams are made of. Perched atop a Jo Davie...	5 beds \| 5 baths \| 3,780 sq.ft.	$1,400,000	Airbnb cash on cash: 0.18% Traditional cash on cash: 2.73% Airbnb Rental Income: $3897 Traditional Rental Income: $6382 Airbnb ROI: 0.18% Traditional ROI: 2.73%
2346 W Longhollow Rd Elizabeth, IL Home with two Master Suites! Six bedrooms and 4.5 baths! This is precisely in the Equestri...	6 beds \| 4 baths \| 5,300 sq.ft.	$799,000	Airbnb cash on cash: 1.99% Traditional cash on cash: 4.69% Airbnb Rental Income: $3897 Traditional Rental Income: $5074 Airbnb ROI: 1.99% Traditional ROI: 4.69%
115 Windmill Rd Elizabeth, IL REDUCED! Discover this turnkey country retreat and established agritourism business locate...	5 beds \| 3 baths \| 4,126 sq.ft.	$1,199,000	Airbnb cash on cash: 0.77% Traditional cash on cash: 0.15% Airbnb Rental Income: $3897 Traditional Rental Income: $2363 Airbnb ROI: 0.77% Traditional ROI: 0.15%
1 Hoffman Rd Elizabeth, IL REDUCED! Luxurious estate in the beautiful hills of Galena Country. Nearly 80 acres of sce...	5 beds \| 5 baths \| 3,780 sq.ft.	$2,300,000	Airbnb cash on cash: 0.01% Traditional cash on cash: 0.76% Airbnb Rental Income: $3897 Traditional Rental Income: $4679 Airbnb ROI: 0.01% Traditional ROI: 0.76%
2501 US Rte 20 West Elizabeth, IL 2501 US Rte 20 West, Elizabeth, IL 61028 \| Other	N/A beds \| N/A baths \| N/A	$229,900	Airbnb cash on cash: 3.38% Traditional cash on cash: -0.34% Airbnb Rental Income: $2065 Traditional Rental Income: $722 Airbnb ROI: 3.38% Traditional ROI: -0.34%
5829 S Pleasant Hill Rd Elizabeth, IL Attention serious hunters- This is an opportunity to own a meticulously maintained and tur...	2 beds \| 2 baths \| 1,460 sq.ft.	$799,000	Airbnb cash on cash: -0.56% Traditional cash on cash: 0.37% Airbnb Rental Income: $1473 Traditional Rental Income: $1732 Airbnb ROI: -0.56% Traditional ROI: 0.37%
1328 US Highway 20 West Elizabeth, IL 1328 US Highway 20 West, Elizabeth, IL 61028 \| Other	N/A beds \| N/A baths \| N/A	$124,777	Airbnb cash on cash: 8.77% Traditional cash on cash: 2.03% Airbnb Rental Income: $2065 Traditional Rental Income: $722 Airbnb ROI: 8.77% Traditional ROI: 2.03%
431 E Stadel Rd Elizabeth, IL This his is a unique and beautiful piece of property and your opportunity to own a slice o...	3 beds \| 2 baths \| 3,086 sq.ft.	$1,500,000	Airbnb cash on cash: -0.41% Traditional cash on cash: 0.25% Airbnb Rental Income: $2495 Traditional Rental Income: $2818 Airbnb ROI: -0.41% Traditional ROI: 0.25%
163 E Hoffman Rd Elizabeth, IL Down a winding path lies a gorgeous pond complete with a beach home--taking this property ...	1 beds \| 2 baths \| 1,116 sq.ft.	$900,000	Airbnb cash on cash: -0.8% Traditional cash on cash: 0.87% Airbnb Rental Income: $1045 Traditional Rental Income: $2075 Airbnb ROI: -0.8% Traditional ROI: 0.87%
3340 W Longhollow Rd Elizabeth, IL 3340 W Longhollow Rd, Elizabeth, IL 61028 \| Other	N/A beds \| N/A baths \| N/A	$1,299,000	Airbnb cash on cash: -2.07% Traditional cash on cash: -2.74% Airbnb Rental Income: $2065 Traditional Rental Income: $714 Airbnb ROI: -2.07% Traditional ROI: -2.74%
3503 Ebys Mill Rd Elizabeth, IL RIVERFRONT PARADISE on 2.7-acre wooded estate featuring 120 feet of pristine Apple River f...	2 beds \| 2 baths \| 2,234 sq.ft.	$339,900	Airbnb cash on cash: 1.05% Traditional cash on cash: 6.16% Airbnb Rental Income: $1473 Traditional Rental Income: $2670 Airbnb ROI: 1.05% Traditional ROI: 6.16%
10 S Snipe Hollow Rd Elizabeth, IL MILLION DOLLAR VIEWS for DAYS!! Home on acreage for sale, Elizabeth, IL 61028. Home for sa...	3 beds \| 2 baths \| 1,959 sq.ft.	$545,000	Airbnb cash on cash: 1.32% Traditional cash on cash: 3.12% Airbnb Rental Income: $2495 Traditional Rental Income: $2807 Airbnb ROI: 1.32% Traditional ROI: 3.12%
TBD E Krohmer Rd Elizabeth, IL TBD E Krohmer Rd, Elizabeth, IL 61028 \| Other	N/A beds \| N/A baths \| N/A	$125,000	Airbnb cash on cash: 8.75% Traditional cash on cash: 2.05% Airbnb Rental Income: $2065 Traditional Rental Income: $725 Airbnb ROI: 8.75% Traditional ROI: 2.05%
411 E Sycamore St Elizabeth, IL 411 E Sycamore St, Elizabeth, IL 61028 \| Multi Family	5 beds \| N/A baths \| 1,008 sq.ft.	$269,900	Airbnb cash on cash: 2.41% Traditional cash on cash: 3.14% Airbnb Rental Income: $2065 Traditional Rental Income: $1718 Airbnb ROI: 2.41% Traditional ROI: 3.14%
65 Galena Oaks Drive Elizabeth, IL Charming 1-bedroom country retreat in the popular Galena Oaks subdivision, a welcoming com...	1 beds \| 1 baths \| 600 sq.ft.	$105,000	Airbnb cash on cash: 3.64% Traditional cash on cash: 9.62% Airbnb Rental Income: $1045 Traditional Rental Income: $1291 Airbnb ROI: 3.64% Traditional ROI: 9.62%

Real Estate investment in Elizabeth, IL

There are 19 properties for sale in the city of Elizabeth . The median list price in Elizabeth is $198,381 and the average price per square foot is $98. In August 2026, the average monthly cash on cash return in Elizabeth is 2.00%. The average monthly rental income in Elizabeth is $1,584.

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

There are 19 investment properties available for sale in Elizabeth.

In 2026, 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 $2,065.

Your search for investment property begins and ends here

Investment Property for Sale in Elizabeth, IL

2105 N Elizabeth Scales Mound Rd

Elizabeth, IL

4 beds | 4 baths | 6,197 sq.ft.

$1,449,000

Airbnb cash on cash: 0.1%

Traditional cash on cash: 1.56%

Airbnb Rental Income: $3970

Traditional Rental Income: $5088

Airbnb ROI: 0.1%

Traditional ROI: 1.56%

46 Oak Valley Dr

Elizabeth, IL

2 beds | 1 baths | 672 sq.ft.

$99,000

Airbnb cash on cash: 7.27%

Traditional cash on cash: 8.12%

Airbnb Rental Income: $1473

Traditional Rental Income: $1121

Airbnb ROI: 7.27%

Traditional ROI: 8.12%

1904 US Rt 20 E

Elizabeth, IL

N/A beds | N/A baths | N/A

$442,500

Airbnb cash on cash: 0.22%

Traditional cash on cash: -1.96%

Airbnb Rental Income: $2065

Traditional Rental Income: $625

Airbnb ROI: 0.22%

Traditional ROI: -1.96%

TBD US Rt 20

Elizabeth, IL

N/A beds | N/A baths | N/A

$2,500,000

Airbnb cash on cash: -2.64%

Traditional cash on cash: -3.03%

Airbnb Rental Income: $2065

Traditional Rental Income: $627

Airbnb ROI: -2.64%

Traditional ROI: -3.03%

1 E Hoffman Road

Elizabeth, IL

5 beds | 5 baths | 3,780 sq.ft.

$1,400,000

Airbnb cash on cash: 0.18%

Traditional cash on cash: 2.73%

Airbnb Rental Income: $3897

Traditional Rental Income: $6382

Airbnb ROI: 0.18%

Traditional ROI: 2.73%

2346 W Longhollow Rd

Elizabeth, IL

6 beds | 4 baths | 5,300 sq.ft.

$799,000

Airbnb cash on cash: 1.99%

Traditional cash on cash: 4.69%

Airbnb Rental Income: $3897

Traditional Rental Income: $5074

Airbnb ROI: 1.99%

Traditional ROI: 4.69%

115 Windmill Rd

Elizabeth, IL

5 beds | 3 baths | 4,126 sq.ft.

$1,199,000

Airbnb cash on cash: 0.77%

Traditional cash on cash: 0.15%

Airbnb Rental Income: $3897

Traditional Rental Income: $2363

Airbnb ROI: 0.77%

Traditional ROI: 0.15%

1 Hoffman Rd

Elizabeth, IL

5 beds | 5 baths | 3,780 sq.ft.

$2,300,000

Airbnb cash on cash: 0.01%

Traditional cash on cash: 0.76%

Airbnb Rental Income: $3897

Traditional Rental Income: $4679

Airbnb ROI: 0.01%