7N504 Route 31, South Elgin, IL 60177
Kane County
Key Facts
Description
A prime parcel of 20+ acres, residential development opportunity annexed to the thriving area of South Elgin and St Charles D303 school district. Bordering Stearns road and close to Rt31/McLean/Stearns intersections. Currently zoned R-2 Single Dwelling Unit District. Previously this property has been approved for 72 townhomes and later approved for 42 single family homes. Additional land is available by the potential purchasing of adjacent existing properties. Electric and gas on site. Near forest preserve, bike trails along the river, and shopping.
Property Information
Property Type
Land
Lot Size
20.63 acres
Lot Dimensions
72X475X484X1480X848X1987
Ownership
Fee Simple
Zoning
PUD
Days on Market
299
MLS® Listing#
12435202
Property Features
Lot Features
Utilities
Financial Details
Annual Taxes
$5,617
Tax year 2024
Parcel Number
0903426012
Directions
On IL Route 31, North of McLean Blvd, towards South Elgin. A real estate sign is at entrance and on Stearns Rd between McLean and overpass
Affordability Calculator
$460,000
Estimated monthly payment
$12,242/mo
Principal $1,840,000 · Est. interest $2,566,964 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in South Elgin, IL
- $340,828
- Median Listing Price
- 32
- Median Days on Market
- 1,764
- Median Sq Ft
- $202
- Median Price / Sq Ft
- 323
- Active Listings
- This home’s price is 575% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in South Elgin, IL.
Location
- 7N504 Route 31, South Elgin, IL 60177
Points of Interest in South Elgin, IL
Showing the South Elgin area map.
Nearby Schools
Anderson Elementary School
Elementary · 1.0 mi away
Willard Elementary School
Elementary · 1.2 mi away
Heart of Singing
School · 1.3 mi away
Clinton Elementary School
Elementary · 1.5 mi away
South Elgin High School
Secondary · 1.8 mi away
Fox Meadow Elementary School
Elementary · 1.9 mi away
Kenyon Woods Middle School
Secondary · 2.1 mi away
St Charles North High School
Secondary · 2.2 mi away
Primrose Schools
Elementary · 2.2 mi away
St Patrick School
School · 2.5 mi away
Da Vinci Academy
School · 2.5 mi away
Corron Elementary School
Elementary · 2.6 mi away
Otter Creek Elementary School
Elementary · 2.7 mi away
Nature Ridge Elementary School
Elementary · 3.0 mi away
Wredling Middle School
Secondary · 3.4 mi away
Wayne Elementary School
Elementary · 3.4 mi away
Ferson Creek Elementary
Elementary · 3.5 mi away
Lowrie Elementary School
Elementary · 3.5 mi away
Gifford Elementary School
Elementary · 3.5 mi away
St Charles East High School
Secondary · 3.6 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 23 Wood Oaks Drive, South Barrington, IL | $1,675,000 | 5 | 6 | 4,958 |
| 17 Projades Drive, South Barrington, IL | $1,750,000 | 4 | 5 | 5,373 |
| 1175 Jansen Farm Court, Elgin, IL | $2,000,000 | — | — | 12,400 |
| 1 PROJADES Drive, South Barrington, IL | $2,100,000 | 5 | 5 | 6,386 |
| 14N306 Highland Avenue, Elgin, IL | $2,250,000 | 6 | 6 | 10,817 |
| 5 S Meadow Court, South Barrington, IL | $2,299,000 | 6 | 6 | 11,020 |
Moving Cost Estimate
EXIT Agents in South Elgin
Listing Courtesy: Baird & Warner Fox Valley - Geneva - 6303771855
Last Updated: 2025-07-31