Vacant development parcel located in Elgin's Central TIF District and Redevelopment Zone. Sloped site adjacent to railroad tracks and within walking distance to downtown Elgin. Zoned within Downtown District with potential for multifamily development and cannabis dispensing use. Great investment opportunity. Zoned CC2
| Listing Id: | 12616312 |
|---|---|
| List Price: | $162,000 |
| Close Price: | $140,000 |
| Close Date: | 2026-09-01 |
| Property Type: | Land |
| Property Type: | Land |
| Status: | Closed |
| Parking On Site: | No |
| Tax Annual Amount: | $2,322 |
| City: | Elgin |
| County Or Parish: | Kane |
| Postal Code: | 60123 |
| Additional Parcels?: | Yes |
| Basement: | false |
| Basement: | None |
| Bathrooms Total Integer: | 0 |
| Cooling: | None |
| Directions: | RT 31 TO WASHINGTON W TO LUDEKA S TO LOTS |
| Elementary School District: | 46 |
| Frontage Length: | 198 |
| Frontage Type: | City Street |
| Heating: | None |
| High School District: | 46 |
| Laundry Features: | None |
| Listing Contract Date: | 2026-07-14 |
| Lot Size Dimensions: | 198X132 |
| Middle Or Junior School District: | 46 |
| MLS Area Major: | Elgin |
| Land Amenities: | Fencing, Sidewalks |
| Agent Owned/Interest (Y/N): | No |
| Basement Bathrooms (Y/N): | No |
| Building(S) On Land: | No |
| Corporate Limits: | Elgin |
| Farm: | No |
| Finance Code: | FHA |
| General Information: | None |
| Land Description: | Level |
| Location: | Mixed Use Area, Water View |
| Lot Size: | .50-.99 Acre |
| Market Code: | Off-Market |
| North: | 11 |
| Rail Availability: | Siding |
| Special Assessments: | N |
| Short Sale: | Not Applicable |
| Special Service Area: | N |
| Total Listed Lots Avail: | 3 |
| Tax Exemptions: | None |
| Update Date: | 2026-09-02T16:33:23 |
| West: | 34 |
| Original List Price: | $164,000 |
| Ownership: | Fee Simple |
| Parcel Number: | 0614256002 |
| Parking Features: | Asphalt |
| Possession: | Closing, Immediate |
| Possible Use: | Commercial, Condominium, Development, Multi-Family, Special Use |
| Road Surface Type: | Asphalt |
| Special Listing Conditions: | None |
| State Or Province: | IL |
| Tax Year: | 2024 |
| Township: | Elgin |
| Utilities: | Electric to Site, Natural Gas Available, Water Available |
| Zoning: | COMMR |
| Actual Status: | Closed |
| Additional Parcels Description: | 0614256003, 0614256004 |
Listing Courtesy of: Baird & Warner Fox Valley-Geneva
Listing Agent: Michael Angelo Herrera
224-489-8594
Buyer Represented by: RE/MAX Suburban
Selling Agent: Irving Castro
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Information deemed reliable but not guaranteed.
Midwest Real Estate Data LLC data last updated on October 08, 2026 04:15 PM - CT
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Property Last Updated: October 08, 2026 04:15 PM - CT
