$2,300,000

7N504 State Route 31 South Elgin, IL 60177

Estimated payment $12,596/month

Total Views 5,579
20.63 Acres
$111,488 Price per Acre
898,643 Sq Ft Lot

About This Lot

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.

Listing Agent

Kelly Crowe

Baird & Warner Fox Valley - Geneva License #475128404 Listed on: 07/31/2025

Baird & Warner Fox Valley -  Geneva

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,399

Lot Details

  • 20.63 Acre Lot
  • Lot Dimensions are 72x475x484x1480x848x1987
  • Property fronts a state road
  • Property is zoned PUD

Property Details

Property Type

Land

Est. Annual Taxes

$5,399

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Development
  • Road Surface Type: Gravel
  • General Information: None
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Development, Multi-Family, Single Family
  • Basement Bathrooms: No

Exterior Features

  • Frontage Length: 71
  • Frontage Type: State Road
  • List Price: 2300000
  • Waterfront: No

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Nearby, Water Nearby

Schools

  • Middle/Junior School District: 303

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 20.63
  • Lot Dimensions: 72X475X484X1480X848X1987
  • Zoning: PUD
  • Lot Size: 10.0-24.99 Acres
  • Special Assessments: N
  • Estimated Land Sq Ft: 898,642
  • Land Description: Flag Lot,Wooded
  • Total Listed Lots Avail: 1

Rental Info

  • Board Number: 5
  • Rental Price: 0

Building Info

  • Building(s) on Land: No

Tax Info

  • Tax Annual Amount: 5398.76
  • Tax Year: 2023
  • Tax Exemptions: None

Map

Range of Values:

Collateral Analytics

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ICE

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2025 07/31/25 For Sale $2,300,000 -- --
Source: Midwest Real Estate Data (MRED)

Source: Midwest Real Estate Data (MRED)

MLS Number: 12435202

Midwest Real Estate Data (MRED)