494 N Commonwealth Ave, Elgin, IL 60123
Property image
Property image
OFF MARKET

$308,800

Trulia Estimate
  • 2 Beds
  • 2 Baths
  • 1,266 sqft

494 N Commonwealth Ave, Elgin, IL 60123

Grant Park
Refinance Your Home
Currently Off Market - Sold Mar 21, 2018 for $170,000

Home Value

Trulia Estimate
$309K
Since last month
Decreased$2K (-0.5%)
Since last year
Increased$13K (+4.3%)
Since last sale
Increased$139K (+81.8%)
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 increased by +119% in the last 10 years
MonthEstimated value
2026
August 2026$309K
August 2026$309K
July 2026$311K
June 2026$314K
May 2026$309K
April 2026$304K
March 2026$300K
February 2026$289K
January 2026$290K
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
672 Clark St, Elgin, IL
0.30
Single-Family Home
$230,000
10/10/25
2
2
960
454 N Commonwealth Ave, Elgin, IL
0.08
Single-Family Home
$280,500
08/07/26
3
2
2,040
510 McClure Ave, Elgin, IL
0.18
Single-Family Home
$205,000
10/31/25
4
1.5
1,357
518 Clark St, Elgin, IL
0.10
Single-Family Home
$340,000
12/30/25
3
2.5
1,814
1015 Lawrence Ave, Elgin, IL
0.42
Single-Family Home
$215,000
12/01/25
4
2
1,300
871 High St, Elgin, IL
0.30
Single-Family Home
$339,900
09/08/25
4
2
1,464
315 N Commonwealth Ave, Elgin, IL
0.36
Single-Family Home
$355,000
10/16/25
3
2
1,820
335 Silver St, Elgin, IL
0.45
Single-Family Home
$289,900
06/10/26
3
2
912
431 N Melrose Ave, Elgin, IL
0.36
Single-Family Home
$382,500
01/16/26
3
2
1,514
431 N Crystal Ave, Elgin, IL
0.33
Single-Family Home
$242,000
02/20/26
3
1
1,399

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
800 Wing St, Elgin, IL 60123
0.09
$373,800
3
2.5
1,824
Off Market
454 N Commonwealth Ave, Elgin, IL 60123
0.08
$364,500
3
2
2,040
For Sale
518 Clark St, Elgin, IL 60123
0.10
$340,000
3
2.5
1,814
Recently Sold
790 Wing St, Elgin, IL 60123
0.12
$339,900
3
1.5
1,513
For Sale
971 Demmond St, Elgin, IL 60123
0.09
$373,000
4
2.5
1,323
For Sale
517 Clark St, Elgin, IL 60123
0.13
$418,400
4
2.5
3,590
Off Market
433 N Worth Ave, Elgin, IL 60123
0.11
$462,600
4
4.5
3,043
Off Market
430 N Worth Ave, Elgin, IL 60123
0.12
$448,900
3
1.5
2,546
Off Market
611 Judy Ct, Elgin, IL 60123
0.14
$324,900
3
1.5
1,008
Off Market
415 N Worth Ave, Elgin, IL 60123
0.15
$450,000
3
2.5
2,462
Recently Sold
510 McClure Ave, Elgin, IL 60123
0.18
$214,600
4
1.5
1,357
Off Market
777 Murray Ave, Elgin, IL 60123
0.18
$301,800
3
1
1,096
Off Market

Local Information

  • Map ViewExplore the area around 494 N Commonwealth Ave.
  • Schools2 Preschool Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1933
1,266 sqft
$244/sqft

About this House

This single-family home is located at 494 N Commonwealth Ave, Elgin, IL. 494 N Commonwealth Ave is in the Grant Park neighborhood in Elgin, IL and in ZIP code 60123. This property has 2 bedrooms, 2 bathrooms and approximately 1,266 sqft of floor space. This property has a lot size of 6251 sqft and was built in 1933.
494 N Commonwealth Ave, Elgin, IL 60123 is a 2 bedroom, 2 bathroom, 1,266 sqft single-family home in Grant Park, built in 1933. It last sold for $170,000 on Mar 21, 2018. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $308,800, with a rent estimate of $2,223/month.

Home Details for 494 N Commonwealth Ave

Interior Features

Levels, Entrance, & Accessibility
Stories: 2.5

Property Information

Year Built
Year Built: 1933
Property Type / Style
Property Type: Single Family Home

Community

Units in Building: 1

Lot Information

Lot Area: 6250 sqft

Price and Tax history

DateEventPrice
Mar 21, 2018
Source: MRED as distributed by MLS GRID #09827243
Sold
$170,000
Mar 2, 2018
Source: Agent Provided
Pending
$179,900
Feb 16, 2018
Source: Agent Provided
PriceChange
$179,900
Price decreased by 5%
Feb 2, 2018
Source: Agent Provided
PendingToActive
$189,900
Jan 17, 2018
Source: Agent Provided
Pending
$189,900

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

Neighborhood Overview

Grant Park
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Grant Park

At least 32 Trulia users voted on each feature.

  • 94 % Say it's dog friendly

  • 85 % Say parking is easy

  • 85 % Say yards are well-kept

  • 85 % Say there are sidewalks

  • 80 % Say car is needed

  • 72 % Say there's holiday spirit

  • 69 % Say kids play outside

  • 62 % Say streets are well-lit

  • 60 % Say it's walkable to restaurants

  • 56 % Say they plan to stay for at least 5 years

  • 55 % Say neighbors are friendly

  • 54 % Say people would walk alone at night

  • 51 % Say it's quiet

  • 47 % Say it's walkable to grocery stores

  • 42 % Say there's wildlife

  • 30 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Herny R.
    "Well to begin with my neighborhood is are really noisy , you can’t walk around at night there is a lot of gangs and shooting . "
    0
    Flag
  • Lidiov1004
    "I've lived here forever and this place has awesome people so yeah I would have to say this place is pretty unique no other place quite just like it."
    2
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 494 N Commonwealth Ave

  • What is 494 N Commonwealth Ave estimated to be worth?
    Trulia's estimated value for 494 N Commonwealth Ave in Elgin, IL is $308,800.
  • What is the price history for 494 N Commonwealth Ave?
    494 N Commonwealth Ave in Elgin, IL last sold for $170,000 in March 2018.
  • 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.
  • How big is the lot at 494 N Commonwealth Ave?
    The lot at 494 N Commonwealth Ave in Elgin, IL is about 0.14 acres (6,251 sq ft).

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Apartments for Rent

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Off Market Homes Near 494 N Commonwealth Ave

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