Multi-Family Zoned Development
For Sale
$600,000
003 South Street Elgin, Elgin, IL 60124
Multi-family zoned 8-acre lot with preliminary city approval and immediate access off South St.
Property SizeContact for details
Lot Size8.00 Acres
Days on Market34
Property Features for 003 South Street Elgin
General Information
Standard status
Active
Lot size
8.00 Acres
Property subtype
Land
Zoning
MULTI
Site & Location
Road Access
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$411
Amenities
Municipal Water
City Street
425X850
8.4
Yes
700
Asphalt
Listing Agency:
(847) 558-6808
Listed By:
Nora Carrillo
(847) 558-6808
Source:
Remaxadream
Added: Jul 8
Changed: Aug 8
Last Checked: Jul 8 at 12:40PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Nora Carrillo
Investment Insights
Based on property information with market context.
This multi-family zoned development lot offers approximately 8 acres and includes preliminary approval from the City. The seller states the lot will have access to all City services, subject to the approval process.
The property is located in the 301 school district and provides immediate access off South St. The City’s preliminary approval suggests the site may be positioned for continued development planning.
A buyer considering a multi-family project should review the City approval documentation and confirm all service and permitting details during due diligence.
The property is located in the 301 school district and provides immediate access off South St. The City’s preliminary approval suggests the site may be positioned for continued development planning.
A buyer considering a multi-family project should review the City approval documentation and confirm all service and permitting details during due diligence.
Key Highlights
- 8.4‑acre multi‑family zoned lot with immediate access off South St.
- Preliminary approval from the City reported in the listing.
- City services expected, with municipal water available.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
79
Businesses Nearby
Explore this area
Business Placement
Demographics for 60124, IL
24,859
Population
8,806
Households
2.8
Avg Household Size
42
Median Age
50%
College-Educated
96%
High-School Grad
38.2 sq mi
ZIP Area
651
Density / Sq Mi
$135,350
Median Household Income
$66,217
Median Earnings
$1,956
Median Rent
$403,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Multi-family zoned 8-acre lot with preliminary city approval and immediate access off South St.
Where is this residential land & home lot located?
The property is located at 003 South Street Elgin 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: 8.4‑acre multi‑family zoned lot with immediate access off South St.; Preliminary approval from the City reported in the listing.; City services expected, with municipal water available.
