Multi-Family Zoned Development
For Sale
$600,000
3 South Street, Elgin, IL 60124
Multi-family zoned lot with preliminary City approval and immediate access off South St in the 301 school district.
Property SizeContact for details
Lot Size8.00 Acres
Days on Market2079
Property Features for 3 South Street
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
Listing Agency:
RE/MAX Horizon
(847) 293-7900
Listed By:
Ben Henrikson · License #475091643
(847) 293-7900
Source:
Compass
Added: Nov 30, 2020
Changed: Aug 8
Last Checked: Mar 25 at 5:57PM
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 RE/MAX Horizon
Investment Insights
Based on property information with market context.
This is an 8.0-acre multi-family zoned development lot. The property has preliminary approval from the City, and the plan indicates that city services will be provided. It is being marketed as a potential multi-family site suitable for development within the existing zoning framework.
The lot has immediate access off South St and is located in the 301 school district.
All information provided indicates this parcel is positioned for a multi-family development process, with preliminary City approval already in place and city services expected.
The lot has immediate access off South St and is located in the 301 school district.
All information provided indicates this parcel is positioned for a multi-family development process, with preliminary City approval already in place and city services expected.
Key Highlights
- 8.0‑acre multi‑family zoned lot
- Preliminary approval from the City
- Will have all City services
Property Analytics
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential land & home lot - Multi-family zoned lot with preliminary City approval and immediate access off South St in the 301 school district.
Where is this residential land & home lot located?
The property is located at 3 South Street 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 multi‑family zoned lot; Preliminary approval from the City; Will have all City services
