1196 Rainbow Ln, Elgin, IL 60123
Property image
Property image
OFF MARKET

$139,400

Trulia Estimate
  • 2 Beds
  • 2 Baths
  • 1,152 sqft

1196 Rainbow Ln, Elgin, IL 60123

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Home Value

Trulia Estimate
$139K
Since last month
Increased$7K (+4.9%)
Since last year
Increased$13K (+9.7%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value decreased by -10% in the last 10 years
MonthEstimated value
2026
August 2026$141K
August 2026$139K
July 2026$135K
June 2026$147K
May 2026$142K
April 2026$138K
March 2026$128K
February 2026$129K
January 2026$139K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1027 Saint John St, Elgin, IL
0.56
Single-Family Home
$296,000
06/01/26
2
2
1,196
521 River Bluff Rd, Elgin, IL
0.49
Single-Family Home
$308,000
01/30/26
3
2
1,185
1150 Cedar Ave, Elgin, IL
0.40
Single-Family Home
$295,042
04/24/26
2
1
873
508 River Bluff Rd, Elgin, IL
0.46
Single-Family Home
$250,000
09/29/25
2
1
900
1003 Bellevue Ave, Elgin, IL
0.62
Single-Family Home
$323,000
08/21/26
3
2
1,222
1127 Morton Ave, Elgin, IL
0.54
Single-Family Home
$315,000
04/20/26
2
1
1,060
1125 Cedar Ave, Elgin, IL
0.43
Single-Family Home
$410,000
05/28/26
3
2
2,407
1127 Bellevue Ave, Elgin, IL
0.43
Single-Family Home
$285,000
09/23/25
3
1
1,250
362 1/2 River Bluff Rd, Elgin, IL
0.39
Single-Family Home
$459,000
06/04/26
3
3
2,166
1181 Hiawatha Dr, Elgin, IL
0.78
Single-Family Home
$300,000
01/30/26
2
1.5
957

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
130 Northshore Rd, Elgin, IL 60123
0.06
$57,700
2
1
-
Off Market
117 Parkwood Rd, Elgin, IL 60123
0.06
$58,000
3
2
-
Recently Sold
1187 Lakewood Rd, Elgin, IL 60123
0.08
$64,100
2
2
-
Off Market
1167 Candida Rd, Elgin, IL 60123
0.05
$164,400
3
2
1,356
Off Market
71 Parkwood Rd, Elgin, IL 60123
0.05
$225,300
2
2
1,404
Off Market
1216 Candlewood Rd, Elgin, IL 60123
0.08
$76,600
2
2
-
Off Market
147 Parkwood Rd, Elgin, IL 60123
0.10
$76,300
3
2
-
Off Market
137 Melbrooke Rd #447, Elgin, IL 60123
0.10
$132,500
2
2
1,736
For Sale
114 Melbrooke Rd, Elgin, IL 60123
0.10
$25,000
2
2
-
Recently Sold
1241 Country Club Rd, Elgin, IL 60123
0.07
$99,700
2
2
-
Off Market
70 Melbrooke Rd, Elgin, IL 60123
0.09
$53,000
2
2
-
Recently Sold
1255 Country Club Rd #413, Elgin, IL 60123
0.08
$99,000
2
2
1,248
For Sale

Local Information

  • Map ViewExplore the area around 1196 Rainbow Ln.
  • Schools2 Preschool Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 2016
1,152 sqft
$121/sqft

About this House

Reduced prices for a limited time only. You can't miss out on these savings! Look no further! This spacious two bedroom, one and a half bathroom home is waiting for you. Featuring a spacious living room and a well designed kitchen how could you afford to miss out on such a wonderful deal? The answer is that you can't, so call today and make this home yours.
1196 Rainbow Ln, Elgin, IL 60123 is a 2 bedroom, 2 bathroom, 1,152 sqft single-family home built in 2016. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $139,400, with a rent estimate of $2,262/month.

Home Details for 1196 Rainbow Ln

Interior Features

Heating & Cooling
Heating: GasAir ConditioningCooling System: CentralHeating Fuel: Gas
Interior Details
Number of Rooms: 5Types of Rooms: Dining Room, Master Bath
Levels, Entrance, & Accessibility
Floors: Other

Exterior Features

Exterior Home Features
Roof: OtherExterior: Other

Property Information

Year Built
Year Built: 2016
Property Type / Style
Property Type: Single Family HomeArchitecture: Other

Price and Tax history

DateEventPrice
Aug 10, 2016
Source: Agent Provided
ListingRemoved
$19,900
Aug 3, 2016
Source: Agent Provided
Listed For Sale
$19,900
Apr 13, 2015
Source: Agent Provided
ListingRemoved
$34,900
Feb 24, 2015
Source: Agent Provided
PriceChange
$34,900
Price increased by 30%
Feb 7, 2015
Source: Agent Provided
PriceChange
$26,900
Price decreased by 23%

Market trends in Elgin

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$337K
$15KMoM
Sale-to-List Price
100.1%
0.1%MoM
Price per sq ft
$207
$2MoM
Available listings
251
12MoM

Around this home

What Locals Say about Elgin

At least 941 Trulia users voted on each feature.

  • 87 % Say there are sidewalks

  • 87 % Say it's dog friendly

  • 82 % Say car is needed

  • 78 % Say parking is easy

  • 76 % Say yards are well-kept

  • 72 % Say there's holiday spirit

  • 70 % Say kids play outside

  • 63 % Say streets are well-lit

  • 59 % Say people would walk alone at night

  • 56 % Say it's quiet

  • 54 % Say it's walkable to restaurants

  • 52 % Say it's walkable to grocery stores

  • 52 % Say there's wildlife

  • 48 % Say neighbors are friendly

  • 48 % Say they plan to stay for at least 5 years

  • 29 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Lydiadannenberg4816
    "Homes are custom made. Large lots. Friendly neighborhood. "
    0
    Flag
  • 86nasus
    "Looks like they did a really quick remodel with cut corners. Honestly, this house would have more charm if they would’ve left it how it was you can see bad angles, more pronounced now where they painted white to look more modern. Floors are crooked and leaning, and that would’ve been OK with original flooring."
    1
    Flag
  • Wpnhs6gnpj
    "We have a lot people walking with their door not matter what time , my neighbor is really peaceful , inkivebromoibe here for the last 30 years . If I have to choice other place in houses , I choose elgin again "
    0
    Flag
  • Juana Valencia
    "It could be better, I see a lot of ice around, scary and makes us feel uncomfortable more restaurants and lounges needed"
    0
    Flag
  • Amneey
    "Welcome to this neighborhood. Pets friendly and caring people . Safe and neat area, caring people. "
    0
    Flag
  • Charles B
    "Use the meta to get downtown. There is no public transportation here. Roads are busy sometimes so you need to be careful. "
    0
    Flag
  • NK
    "We love it here. Such a family friendly area. Amazing place to raise kids and feel safe! We are very grateful to live here."
    1
    Flag
  • Bridget Loose
    "Pace bus is great convenience for getting around town or next town over, I just think there needs to be something that notifies you if it’s being delayed or arriving early. "
    0
    Flag
  • Jokie.deguzman1251999
    "i usually walk to nearby stores,restaurants, and gas stations. otherwise i drive my car or take a uber for far locations"
    0
    Flag
  • Erik
    "There aren’t really events but it’s just a friendly safe neighborhood to be in And has schools near by and local stores "
    1
    Flag
  • Imaadus
    "Love my neighborhood, it’s clean and save where I live! Schools are good. Nice well maintained parks"
    1
    Flag
  • Jeanette
    "I’ve lives in this neighborhood for about 3yrs and have had plenty of packages delivered with no issues and neighbors are pretty friendly around here. "
    3
    Flag
  • Jess Jessica
    "There’s always something going on in downtown Elgin for every season/holiday/event. We have a Casino boat too for entertainment. "
    2
    Flag
  • Jenjengu
    "I love Elgin! It is a friendly, diverse community with great shopping, parks, and recreation. I feel the schools offer students wonderful education opportunities. "
    3
    Flag
  • Trulia User
    "Only one entrance into the subdivision. Safe and adjacent to the Elgin Country Club. Homes well kept with beautiful landscaping. Low annual HOA with a few restrictions designed to maintain price integrity. "
    1
    Flag
  • Yvonne B.
    "Pretty safe, beautiful scenery, we have lots of entertainment. Elgin has plenty parks and great restaurants "
    1
    Flag
  • Jfairone
    "Nice neighborhood for families and pets, very walkable with sidewalks. Near library and good schools"
    11
    Flag
  • Reuben A.
    "Great Town to love in all close by for shopping food clothing etc., It’s is the city in the suburbs!"
    1
    Flag
  • Jfairone
    "Well kept for homes and friendly people. Near by shopping, restaurants good hospitals. Everything you need is close by"
    0
    Flag
  • Maya S.
    "Many families with children. Parents help Watch all kids. Right on bus line. Close to I-90. Grocery stores are nearby and lots of parks for kids to play at. "
    7
    Flag
  • Jordan S.
    "Certain parts of Elgin are great then small parts not so much but I give it a 8 out of 10 for also the lack of transportation."
    6
    Flag
  • Samcasey92600
    "Dogs are very common in Elgin, and you usually will see plenty of other dogs while you walk your own. It’s nice, good ways to start up conversations and meet your neighbors. "
    0
    Flag
  • Chure2002
    "i have no neighbors , quite street, closed to 24 hr Walgreens closed to 24 hr jewel osco, closed to everthing "
    4
    Flag
  • Jaclyn B.
    "Decent neighborhood, nice neighbors. Good location close to highways and major roads. Grocery stores within driving distance. Would recommend for starter home area."
    0
    Flag
  • Jaclyn B.
    "Decent neighborhood. Not walking distance to many things but driving distance is decent. Neighbors are nice and well kept grounds in my subdivision. Would recommend for family and friends. Close to expressways and major roadways. "
    0
    Flag
  • Zzarate479
    "The 4th of July parade is so much fun,it last hours but is fun to watch the people that walk and do tricks and then the horses are even fun"
    2
    Flag
  • Liz B.
    "People are always walking their dogs. The sidewalks are great and clean. People like this area for the historic district."
    0
    Flag
  • Stephanie S.
    "it's nice there are different parts of town. mostly all nice areas. high school are not the best. I like the elementary schools "
    0
    Flag
  • Nancytorres90
    "Kids are safe here.. my kids are always outside playing soccer with the kids in the neighborhood and i feel safe letting them be."
    0
    Flag
  • Dulce R.
    "Large fancy neighborhood surrounds the area. The townhomes are nice and spacious. The neighbors keep to themselves but are great neighbors and watch for strange vehicles. "
    0
    Flag
  • Joshua D. P.
    "Lots of people have dogs. There are several dog parks in the area. There are plenty of housing options that are pet friendly. "
    0
    Flag
  • Daniel E.
    "i see neightbors walking their dogs. having family cook outs and other events. great ambients to have your children grow in."
    0
    Flag
  • Tstewy625
    "I’ve been here my whole entire life and I think the most unique part of Elgin is for the most part we get along! "
    0
    Flag
  • Juanfyb 2.
    "They would like that it is a quiet neighborhood there’s not a lot of noise around and it’s a good place to walk around and clear your head"
    3
    Flag
  • Co_wolf
    "I have a short commute to one of the 3 Metra stations in Elgin and take the train downtown every day."
    0
    Flag
  • Austins03wrx
    "Good parts and bad parts but you will have to see the areas. Great small businesses and some great people"
    0
    Flag
  • Cousinkimkimmie
    "sexual offenders in thier area and be aware of crime light up thier homes and lock doors dont let kids walk home.alone "
    4
    Flag
  • Jessica G.
    "Nightmare on Chicago street every year for Halloween is a huge even held in downtown Elgin! There is also many events held throughout the year "
    0
    Flag
  • Tracie B. N.
    "Very nice people and quiet neighborhood. Shopping within walking distance as well as pace bus stop going into downtown Elgin"
    0
    Flag
  • Geneva R.
    "well we have things for the kids to do like play basketball and football the girls play volleyball and rope. and my sit around and just talk and play board games that's what we do in are community for are kids and young kid's."
    0
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 1196 Rainbow Ln

  • What is 1196 Rainbow Ln estimated to be worth?
    Trulia's estimated value for 1196 Rainbow Ln in Elgin, IL is $139,400.
  • Is Elgin a buyer's or seller's market?
    Elgin is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Elgin?
    The median sale price in Elgin is $337K. That is up $15K from the prior month.
  • What do residents say about Elgin?
    Residents describe Elgin, IL as pedestrian-friendly, dog-friendly, and easy to park in. See recently sold homes in Elgin, IL.
  • Does 1196 Rainbow Ln have air conditioning?
    Yes, 1196 Rainbow Ln in Elgin, IL has air conditioning.

Explore by feature - Pet Friendly

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Explore by feature - Garage

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Explore by feature - Air Conditioning

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Explore by feature - Pool

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Explore by feature - Outdoor Space

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Off Market Homes Near 1196 Rainbow Ln

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