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    003 St South Elgin, IL 60124

    For Sale
    $600,000

    Land - Elgin, IL

    Lot size:
    8.40 Acres
    Days on Market:
    237
    Last Refresh:
    Dec 7 at 10:06 am

    Property Features for 003 St South

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MULTI
    APN
    0600000001
    Lot size
    8.40 Acres

    Utilities

    Water front features
    Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    Patron, Inc (dba RE/MAX Horizon) (630) 215-6600 [email protected]

    Listing agent Ben Henrikson (847) 931-7500 License #475091643

    Listing date Apr 15, 2025

    MLS# 10963672 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Elgin Land Parcel For Sale

    This 8.4-acre lot, located in Elgin, Illinois, is zoned for multi-family use and situated within the 301 school district. The property has received preliminary approval from the City and will have access to all City services. Immediate access is available off of South Street.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Elgin
    County
    Cook
    State
    Illinois
    Longitude
    -88.3104
    Latitude
    42.0403

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    FAQs

    What type of property is this?
    Land - 8.4 acre multi-family zoned land in Elgin, Illinois.
    Where is this land located?
    The property is located at 003 St South Elgin, IL.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: - 8.0 Acre Lot; - Potential Multi-family Zoning; - Located in 301 School District
    (847) 931-7500
    Request Owner's contact information
    003 St South Elgin, IL 60124
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    Elgin, IL 60124
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    003 St South Elgin, IL 60124
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