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Elgin, IL Properties

1,424 of 35,600 results

Find, analyze, and compare Elgin, IL investment properties, including off-market opportunities and residential homes with value-add potential. Elgin offers a diverse housing market with single-family homes, and vacant properties. Investors can explore potential investment opportunities for long-term rentals (LTRs) throughout Illinois. Explore housing market trends in Elgin, where up-and-coming neighborhoods may offer potential for passive rental income and other investment strategies. Property Intel by Whitepages makes it easy to analyze market trends, uncover off-market properties, compare neighborhood benchmarks, and access owner contact information to help you find the best investment properties in Elgin, IL for your real estate goals.

In Elgin, the median property value currently stands at $257,382. The housing market includes a total of 39,396 houses.The median home in Elgin has 1,554 square feet of living space, priced at a median of $165 per square foot with a median year built of 1978. For long-term rental properties in Elgin, the median annual gross rental income is $36,600 (or $3,050/month) with estimated operating expenses of $13,456, resulting in an approximate gross cap rate of 8.94%.

Property Intel by Whitepages helps investors and homeowners explore the Elgin area by offering market analysis tools, neighborhood benchmarks, owner contact information, and interactive maps. These tools support research into investment properties, including foreclosure data and off-market listings in Elgin, IL.

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Housing Market Trends & Statistics for Elgin, Illinois

Median Property Value
$257,382
Total number of Properties
39,396
Median Living Space
1,554 sq ft
Median Year Built
1978 (47 years)
5-Year Appreciation Forecast
Median Lot Size
8,932 sq ft
Average Ownership
11 months
for Elgin, IL
  • Est. Rental Income
    $36,600 ($3,050 per month)
  • Net Operating Income
    $23,144 ($1,929 per month)
  • Cap Rate
    8.94%

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