Why Live in Downtown South Elgin
Downtown South Elgin, nestled along the Fox River, offers a tranquil riverside lifestyle with a variety of things to do. The neighborhood features a mix of condos and single-family homes, including ranch-style houses and bungalows from the 1920s to 1950s. Occasionally, waterfront properties become available, adding to the area's appeal. The community is known for its green spaces, such as Panton Mill Park and SEBA Park, where residents enjoy picnics, fishing, and seasonal events. The South Elgin Dog Park is a popular spot for pet owners. Dining options include local favorites like Wee-Dee’s Restaurant and Wise Guys Pizzeria, while Blue Raptor Tap House offers craft beers and live music. For shopping, residents frequent Butera Market, Walmart, Sam’s Club, and Menards. The area is served by School District U-46, with highly rated Kenyon Woods Middle School and South Elgin High School, which includes the Beacon Academy of Media & Digital Arts. Safety is a notable feature, with crime rates lower than the national average. Commuters can reach Chicago, 40 miles away, via the Metra rail from Elgin, and local transportation includes the Pace Suburban Bus and Ride-in-Kane program for seniors. The neighborhood is conveniently located 30 minutes from O’Hare Airport and 45 minutes from Midway, with Advocate Sherman Hospital just 15 minutes away. Community events, such as the Easter egg hunt, back-to-school bash, and An Almost Winter Day, foster a strong sense of community throughout the year.
Frequently Asked Questions
Is Downtown South Elgin a good place to live?
Downtown South Elgin is a good place to live. Downtown South Elgin is considered somewhat walkable and very bikeable. Downtown South Elgin has 6 parks for recreational activities. It is somewhat dense in population with 9.8 people per acre and a median age of 40. The average household income is $103,553 which is above the national average. College graduates make up 29.5% of residents. A majority of residents in Downtown South Elgin are home owners, with 21.6% of residents renting and 78.4% of residents owning their home. A
local real estate agent serving Downtown South Elgin can help you decide if this neighborhood is the right one for you. Learn more on our
Downtown South Elgin neighborhood guide.
Is Downtown South Elgin, IL a safe neighborhood?
Downtown South Elgin, IL is safer than the average neighborhood in the United States. It received a crime score of 3 out of 10.
How much do you need to make to afford a house in Downtown South Elgin?
The median home price in Downtown South Elgin is $719,000. If you put a 20% down payment of $143,800 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $3,730 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $160K a year to afford the median home price in Downtown South Elgin. The average household income in Downtown South Elgin is $104K.
What are the best public schools in Downtown South Elgin?
The best public schools that serve Downtown South Elgin are:
What are the best private schools in Downtown South Elgin?
The best private schools that serve Downtown South Elgin are:
What are the most popular zip codes in Downtown South Elgin, South Elgin, IL?
What are the most popular neighborhoods near Downtown South Elgin, South Elgin, IL?
Are home prices dropping in Downtown South Elgin?
Yes, home prices in Downtown South Elgin are down 29% in the last 12 months.
Home Trends in Downtown South Elgin, IL
On average, homes in Downtown South Elgin, South Elgin sell after 44 days on the market compared to the national average of 70 days. The median sale price for homes in Downtown South Elgin, South Elgin over the last 12 months is $725,000, up 8% from the median home sale price over the previous 12 months.
Median Sale Price
$725,000
Median Single Family Sale Price
$725,000
Median 2 Bedroom Sale Price
$179,900
Median 1 Bedroom Sale Price
$675,000
Average Price Per Sq Ft
$414
Number of Homes for Sale
3
Last 12 months Home Sales
11
Median List Price
$719,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
8%