Why Live in Downtown Elgin
Downtown Elgin features a mix of historic and modern architecture, with balconies and bay windows above storefronts along Chicago Street, Douglas Avenue, and Spring Street. The neighborhood has seen significant development, including the conversion of Elgin Tower into a large apartment complex and the construction of brick townhouses at River Park Place. Festival Park, located nearby, hosts concerts, food trucks, and events throughout the summer. The Fox River Trail runs through the area, offering a scenic route for walking and biking. The Centre of Elgin provides indoor sports facilities, while the Elgin Sports Complex, 4 miles away, offers outdoor options. Lords Park Zoo and the Elgin Public Museum are popular attractions, and the Elgin History Museum highlights the city's industrial past. Downtown Elgin is known for its coffee houses, pastry shops, and unique stores like Rediscover Records and Elgin Knit Works. The restaurant scene includes long-standing favorites like Elgin Public House and newer additions such as BeaUnique. The Grand Victoria Casino and Buckinghams Steakhouse and Lounge are notable nightlife spots. Events like Nightmare on Chicago Street and the Downtown Elgin Market draw large crowds. The neighborhood is safer than the national average, and transportation options include Interstate 90 and the Milwaukee District West Line to downtown Chicago. Ascension Saint Joseph - Elgin hospital is 3 miles away. Schools in the area have mixed ratings, with Elgin Math and Science Academy and Elgin High School being the higher-rated options.
Home Trends in Downtown Elgin, IL
On average, homes in Downtown Elgin, Elgin sell after 27 days on the market compared to the national average of 52 days. The median sale price for homes in Downtown Elgin, Elgin over the last 12 months is $310,000, up 2% from the median home sale price over the previous 12 months.
Median Sale Price
$310,000
Median Single Family Sale Price
$517,990
Median Townhouse Sale Price
$310,250
Median 2 Bedroom Sale Price
$235,000
Median 1 Bedroom Sale Price
$138,500
Average Price Per Sq Ft
$200
Number of Homes for Sale
13
Last 12 months Home Sales
15
Median List Price
$339,250
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
2%