16

Elgin, IL Homes under $200,000

Section Image
  • 130 Parkwood Rd Unit 456, Elgin, IL 60123
    130 Parkwood Rd Unit 456, Elgin, IL 60123
    130 Parkwood Rd Unit 456, Elgin, IL 60123
    /3

    $171,900

    • 3 Beds
    • 2 Baths
    • 1,742 Sq Ft

    130 Parkwood Rd Unit 456, Elgin, IL 60123

    Welcome to Willow Lake Estates, a 55+ age-qualified active and vibrant community, where you can find yourself in your dream home. This impressive 3 bed, 2 bath 2025 Skyline home offers a spacious 1,742 sq ft of thoughtfully designed living space, complete with an attached garage for your convenience. Located in Elgin, Illinois, this home combines modern comfort, beautiful style, and hassle-free

    Lucas Van Gilder Willow Lake Estates

    130 Parkwood Rd Unit 456, Elgin, IL 60123
  • 221 Little Peninsula Rd Unit 313, Elgin, IL 60123
    221 Little Peninsula Rd Unit 313, Elgin, IL 60123
    221 Little Peninsula Rd Unit 313, Elgin, IL 60123
    /4

    $171,900

    • 3 Beds
    • 2 Baths
    • 1,460 Sq Ft

    221 Little Peninsula Rd Unit 313, Elgin, IL 60123

    Welcome to Willow Lake Estates, a 55+ age-qualified active and vibrant community, where you can find yourself in your dream home. This beautiful 3 bed, 2 bath home offers 1,460 sq ft of thoughtfully designed living space, complete with an attached garage for added convenience. Located in Elgin, Illinois, this home combines modern comfort, style, and hassle-free living. Inside, you'll find a

    Lucas Van Gilder Willow Lake Estates

    221 Little Peninsula Rd Unit 313, Elgin, IL 60123
  • 1167 Candida Rd Unit 532, Elgin, IL 60123
    1167 Candida Rd Unit 532, Elgin, IL 60123
    1167 Candida Rd Unit 532, Elgin, IL 60123
    /4

    $166,900

    • 3 Beds
    • 2 Baths
    • 1,356 Sq Ft

    1167 Candida Rd Unit 532, Elgin, IL 60123

    Welcome to Willow Lake Estates, a 55+ age-qualified active and vibrant community, where you can find yourself in your dream home. This beautiful 3 bed, 2 bath home offers 1,356 sq ft of thoughtfully designed living space, complete with a carport and nestled on a quiet street. Located in Elgin, Illinois, this home combines comfort, functionality, and modern, hassle-free living. Inside, you'll find

    Lucas Van Gilder Willow Lake Estates

    1167 Candida Rd Unit 532, Elgin, IL 60123
  • 82 Northshore Rd Unit 491, Elgin, IL 60123
    82 Northshore Rd Unit 491, Elgin, IL 60123
    82 Northshore Rd Unit 491, Elgin, IL 60123
    /4

    $166,900

    • 2 Beds
    • 2 Baths
    • 1,095 Sq Ft

    82 Northshore Rd Unit 491, Elgin, IL 60123

    Welcome to Willow Lake Estates, a 55+ age-qualified active and vibrant community, where you can find yourself in your dream home. This inviting 2 bed, 2 bath home offers 1,095 sq ft of thoughtfully designed living space, complete with a carport for your convenience. Located in Elgin, Illinois, this home combines comfort, functionality, and modern, hassle-free living. Inside, you'll find a

    Lucas Van Gilder Willow Lake Estates

    82 Northshore Rd Unit 491, Elgin, IL 60123
  • 1124 Lake Terrace Rd Unit 159, Elgin, IL 60123
    1124 Lake Terrace Rd Unit 159, Elgin, IL 60123
    1124 Lake Terrace Rd Unit 159, Elgin, IL 60123
    /4

    $166,900

    • 2 Beds
    • 2 Baths
    • 1,095 Sq Ft

    1124 Lake Terrace Rd Unit 159, Elgin, IL 60123

    Welcome to Willow Lake Estates, a 55+ age-qualified active and vibrant community, where you can find yourself in your dream home. This lovely 2 bed, 2 bath home offers 1,095 sq ft of thoughtfully designed living space, complete with a carport for your convenience. Located in Elgin, Illinois, this home blends modern comfort, inviting style, and hassle-free living. Inside, you'll find a bright,

    Lucas Van Gilder Willow Lake Estates

    1124 Lake Terrace Rd Unit 159, Elgin, IL 60123
  • 118 Melbrooke Rd Unit 615, Elgin, IL 60123
    118 Melbrooke Rd Unit 615, Elgin, IL 60123
    118 Melbrooke Rd Unit 615, Elgin, IL 60123
    /4

    $166,900

    • 3 Beds
    • 2.5 Baths
    • 1,460 Sq Ft

    118 Melbrooke Rd Unit 615, Elgin, IL 60123

    Welcome to Willow Lake Estates, a 55+ age-qualified active and vibrant community, where you can find yourself in your dream home. This stunning 3 bed, 2.5 bath 2025 Skyline home offers 1,460 sq ft of thoughtfully designed living space, complete with a carport and all the modern comforts you're looking for. Located in Elgin, Illinois, this home showcases gorgeous finishes that blend style,

    Lucas Van Gilder Willow Lake Estates

    118 Melbrooke Rd Unit 615, Elgin, IL 60123
  • 2354 South St Unit E, Elgin, IL 60123
    2354 South St Unit E, Elgin, IL 60123
    2354 South St Unit E, Elgin, IL 60123
    /17

    $194,900

    • 2 Beds
    • 1 Bath
    • 1,178 Sq Ft

    2354 South St Unit E, Elgin, IL 60123

    Don't miss this beautifully updated property! Step into a bright and spacious living room featuring a cozy gas fireplace, crown molding, and sliding glass doors that open to your own private balcony. Freshly painted with brand-new luxury vinyl plank flooring throughout the entire unit. The beautiful kitchen boasts of brand new appliances, granite countertops and a convenient pantry closet. The

    Shawn Achettu Achieve Real Estate Group Inc

    2354 South St Unit E, Elgin, IL 60123
  • 110 Gloria Dr, Elgin, IL 60120
    110 Gloria Dr, Elgin, IL 60120
    110 Gloria Dr, Elgin, IL 60120
    /7

    $160,000

    • Land

    110 Gloria Dr, Elgin, IL 60120

    EXCEPTIONAL VALUE!!! BUILD YOUR OWN CUSTOM HOME WITH A WALK-OUT BASEMENT!!! OUTSTANDING SUBDIVISION VECE RIDGE!!! QUIET CUL-DE-SAC WITH EASY ACCESS TO EXPRESS ROUTES (I-90, RT 20) DOWNTOWN, SHOPPING,RESTAURANTS, BUSINESS PARKS AND METRA STATION. MOTIVATED SELLER! BRING OFFER!

    Laura Kuzelka NCK Realty

    110 Gloria Dr, Elgin, IL 60120
  • 2 Stonecrest Dr, Elgin, IL 60124
    2 Stonecrest Dr, Elgin, IL 60124
    2 Stonecrest Dr, Elgin, IL 60124
    /12

    $105,000

    • Land
    • 2.45 Acres
    • $42,857 per Acre

    2 Stonecrest Dr, Elgin, IL 60124

    Build your dream home on this beautiful wooded 2.45 acre lot in the prestigious Stonecrest custom home subdivision. Private area with beautiful ponds you can view from your new custom home. Great location near shopping, golf courses, schools and forest preserves!

    Teresa Stultz Premier Living Properties

    2 Stonecrest Dr, Elgin, IL 60124
  • 250 Little Peninsula Rd, Elgin, IL 60123
    250 Little Peninsula Rd, Elgin, IL 60123
    250 Little Peninsula Rd, Elgin, IL 60123
    /31

    $125,000

    • 3 Beds
    • 2 Baths

    250 Little Peninsula Rd, Elgin, IL 60123

    Home Sweet Home! Enjoy waterfront living in quiet 55+ community of Willow Lake Estates. This home is an entertainer's dream! Enjoy lake views from the expansive deck, relax in the 3 season room(brand new carpet) overlooking the water. Heated 2 car garage with 16ft ceiling. Kitchen is a cook's delight - newer SS appliances and tons of cabinet/counter space. Oven has air fryer function and

    Heather Spilotro Wisteria Real Estate LLC

    250 Little Peninsula Rd, Elgin, IL 60123
  • 216 Prairie St, Elgin, IL 60120
    216 Prairie St, Elgin, IL 60120
    216 Prairie St, Elgin, IL 60120
    /9

    $109,000

    • Land
    • 0.15 Acre
    • $726,667 per Acre

    216 Prairie St, Elgin, IL 60120

    Vacant lot in downtown Elgin building site (51.83'x132.46') adjacent to free City parking lot and garage. CC1 (Center City) zoning allows many uses. Located in Elgin TIF District #3.

    Leticia Lara HomeSmart Connect LLC

    216 Prairie St, Elgin, IL 60120
  • 104 Gloria Dr, Elgin, IL 60120
    104 Gloria Dr, Elgin, IL 60120
    104 Gloria Dr, Elgin, IL 60120
    /4

    $179,000

    • Land

    104 Gloria Dr, Elgin, IL 60120

    Build your custom dream home on the final Walk-Out Lot in Vece Ridge. Easy access and close proximity to I 90, route 20, downtown and plenty of shopping & dining. Subdivision will have future HOA's. Please contact village for further development questions.

    Jairaj (Jay) Bhatia Century 21 Langos & Christian

    104 Gloria Dr, Elgin, IL 60120
  • Lot 1 Highland Springs Dr, Elgin, IL 60123
    Lot 1 Highland Springs Dr, Elgin, IL 60123
    Lot 1 Highland Springs Dr, Elgin, IL 60123
    /7

    $150,000

    • Land
    • 7 Acres
    • $21,429 per Acre

    Lot 1 Highland Springs Dr, Elgin, IL 60123

    Approximately 7 Acre lot which includes a good sized pond with wetlands. Just under 2 Acres are buildable (80,000 SF.) This property could be rezoned to Multi-family as it is contiguous to that use. Buildable area of lot is at the NW corner of the lot along Highland Springs Dr. This could be a beautiful site for townhomes overlooking the pond! All City services are available.

    Ben Henrikson RE/MAX Horizon

    Lot 1 Highland Springs Dr, Elgin, IL 60123
  • 12N100 Berner Dr, Elgin, IL 60120
    12N100 Berner Dr, Elgin, IL 60120
    /2

    $199,000

    • Land
    • 1.94 Acres
    • $102,577 per Acre

    12N100 Berner Dr, Elgin, IL 60120

    Excellent opportunity to acquire nearly 2 acres of R-3 zoned land in Elgin, ideal for single-family residential development. Located just minutes from I-90 and Route 59, this parcel offers convenient access to major transportation routes, retail centers, schools, and restaurants. The property is not located in a flood plain and is surrounded by established neighborhoods, making it an attractive

    Ashish Thakkar Executive Realty Group LLC

    12N100 Berner Dr, Elgin, IL 60120
  • 112 Gloria Dr, Elgin, IL 60120
    112 Gloria Dr, Elgin, IL 60120
    /2

    $145,000

    • Land
    • 0.30 Acre
    • $483,333 per Acre

    112 Gloria Dr, Elgin, IL 60120

    Bring your ideas and designs for this amazing lot located in a quiet cul-de-sac great location to build your dream home with a walk-out basement. This is just over a 1/3 of an acre! Gorgeous newer homes surround this lot in the Cul-de-sac.

    Christopher McAllister McAllister Real Estate

    112 Gloria Dr, Elgin, IL 60120
  • 44W005 Ellithorpe Rd, Elgin, IL 60124
    44W005 Ellithorpe Rd, Elgin, IL 60124
    /2

    $190,000

    • Land
    • 1.50 Acres
    • $126,667 per Acre

    44W005 Ellithorpe Rd, Elgin, IL 60124

    CUSTOM BUILD YOUR DREAM HOME ON THIS 1.5 ACRE SITE. THE PROPERTY IS AMONG THE HIGHEST IN KANE COUNTY WITH VIEWS TO SEAR'S TOWER. SOIL TESTING FOR FOUNDATION & SEPTIC SYSTEM COMPLETED. NO COVENANTS, NO ASSOCIATION FEES. BUILDING CODES OF KANE COUNTY APPLY.

    Saverino Carrozza Carriage Real Estate

    44W005 Ellithorpe Rd, Elgin, IL 60124
Illinois Elgin

Real Estate & Homes in Elgin, IL under $200,000

Home Trends in Elgin, IL

On average, homes in Elgin, IL sell after 25 days on the market compared to the national average of 51 days. The median sale price for homes in Elgin, IL over the last 12 months is $335,000, up 6% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$335,000
Median Single Family Sale Price
$371,000
Median Townhouse Sale Price
$310,000
Median 2 Bedroom Sale Price
$229,450
Median 1 Bedroom Sale Price
$54,500
Average Price Per Sq Ft
$199
Number of Homes for Sale
255
Last 12 months Home Sales
1,167
Months of Supply
2.60
Median List Price
$354,900
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
6%
How to Buy a Home How to Finance a Home How to Sell a Home

In Elgin, you'll find a diverse selection of properties with 16 homes for sale under $200,000, catering to budget-conscious buyers seeking affordable housing solutions. Whether you're a first-time homebuyer in search of a cozy starter home or an investor eyeing a promising opportunity, these affordable homes provide a gateway into the real estate market in Elgin, IL.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Homes.com Licensing Information

§ 442-H New York Standard Operating Procedures

New York Fair Housing Notice

TREC: Information about brokerage services, Consumer protection notice

California DRE #01937601

Contact Homes.com Brokerage

Copyright © 2025 CoStar Group