Residential Development
For Sale
$2,300,000
7N504 Il Route 31, South Elgin, IL 60177
Zoned R-2 and previously approved for residential units, with electric and gas service on site.
Property SizeContact for details
Lot Size20.00 Acres
Days on Market376
Property Features for 7N504 Il Route 31
General Information
Standard status
Active
Lot size
20.00 Acres
Property subtype
Land
Zoning
R-2 Single Dwelling Unit District
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$5,616
Listing Agency:
Baird & Warner Fox Valley - Geneva
(630) 624-8096
Listed By:
Kelly Crowe · License #475128404
(630) 624-8096
Source:
Exprealty
Added: Aug 1, 2025
Changed: Aug 8
Last Checked: Jul 18 at 12:31AM
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 Baird & Warner Fox Valley - Geneva
Investment Insights
Based on property information with market context.
This residential development parcel offers a zoning base of R-2 Single Dwelling Unit District and includes a documented entitlement history for residential product. The property has previously been approved for 72 townhomes, with a later approval for 42 single-family homes. Electric and gas are available on site, supporting residential development planning.
The land is annexed to the South Elgin and St. Charles area and is positioned along Stearns Road near the Rt. 31/McLean/Stearns intersections. It is also described as being near a forest preserve, with bike trails along the river, and within proximity to shopping.
Additional land may be available through the potential purchase of adjacent existing properties, which could expand the development footprint beyond the current parcel.
The land is annexed to the South Elgin and St. Charles area and is positioned along Stearns Road near the Rt. 31/McLean/Stearns intersections. It is also described as being near a forest preserve, with bike trails along the river, and within proximity to shopping.
Additional land may be available through the potential purchase of adjacent existing properties, which could expand the development footprint beyond the current parcel.
Key Highlights
- 20+ acre residential development parcel annexed to the South Elgin and St. Charles area in D303 school district
- Zoned R‑2 Single Dwelling Unit District
- Previously approved for 72 townhomes, with later approval for 42 single‑family homes
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
44
Businesses Nearby
Explore this area
Business Placement
Demographics for 60177, IL
24,361
Population
8,700
Households
2.8
Avg Household Size
37
Median Age
38%
College-Educated
91%
High-School Grad
8.9 sq mi
ZIP Area
2,737
Density / Sq Mi
$123,700
Median Household Income
$59,266
Median Earnings
$1,612
Median Rent
$296,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Zoned R-2 and previously approved for residential units, with electric and gas service on site.
Where is this residential land & home lot located?
The property is located at 7N504 Il Route 31 South Elgin, IL.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 20+ acre residential development parcel annexed to the South Elgin and St. Charles area in D303 school district; Zoned R‑2 Single Dwelling Unit District; Previously approved for 72 townhomes, with later approval for 42 single‑family homes
