506 Commonwealth Ave, Elgin, IL 60123
OFF MARKET

506 Commonwealth Ave
Elgin, IL 60123

Southwest Elgin
  • 3 Beds
  • 2 Baths

$315,500

Trulia Estimate
as of Jul 28, 2026
Est. Refi. Payment $2,262/mo*
Refinance Your Home

$315,500

Trulia Estimate
as of Jul 28, 2026
Est. Refi. Payment $2,262/mo*
Refinance Your Home
3 Beds
2 Baths

Local Information

  • Map ViewExplore the area around 506 Commonwealth Ave.
  • Schools2 Preschool Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Parking
Garage

About this House

This single-family home is located at 506 Commonwealth Ave, Elgin, IL. 506 Commonwealth Ave is in the Southwest Elgin neighborhood in Elgin, IL and in ZIP code 60123. This property has 3 bedrooms and 2 bathrooms.
506 Commonwealth Ave, Elgin, IL 60123 is a 3 bedroom, 2 bathroom single-family home in Southwest Elgin. It is currently off market. The Trulia Estimate is $315,500, with a rent estimate of $2,419/month.

Home Details for 506 Commonwealth Ave

Interior Features

Interior Details
BasementAtticTypes of Rooms: Family Room, OfficeCeiling Fan
Heating & Cooling
Heating: Forced Air, GasAir ConditioningCooling System: CentralHeating Fuel: Forced Air
Appliances & Utilities
Cable ReadyDishwasherDisposalDryerMicrowaveRefrigeratorWasher
Fireplace & Spa
Fireplace
Levels, Entrance, & Accessibility
Floors: Carpet, Hardwood, Laminate, Linoleum Vinyl

Property Information

Property Type / Style
Property Type: Single Family HomeArchitecture: Ranch / Rambler

Exterior Features

Exterior Home Features
DeckExterior: VinylGardenLawn
Parking & Garage
GarageParking Space: 1Parking: Garage Attached

Price History for 506 Commonwealth Ave

DatePriceEventSource
05/09/2008$204,531ListingRemovedAgent Provided
03/09/2008$204,531Listed For SaleAgent Provided

Market trends in Elgin

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$323K
$10.67KMoM
Sale-to-List Price
100.0%
0.4%MoM
Price per sq ft
$209
$3MoM
Available listings
263
29MoM
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Comparable Sales for 506 Commonwealth Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
503 S Edison Ave, Elgin, IL
0.03
Single-Family Home
$319,000
08/06/25
3
2
1,485
475 S Edison Ave, Elgin, IL
0.03
Single-Family Home
$285,000
09/04/25
3
2
1,154
870 Morgan St, Elgin, IL
0.05
Single-Family Home
$335,000
06/26/26
3
1.5
2,222
525 Sunset Dr, Elgin, IL
0.10
Single-Family Home
$300,000
07/24/26
3
1.5
1,256
551 Sunset Dr, Elgin, IL
0.10
Single-Family Home
$325,000
07/10/26
3
1.5
1,573
1074 Birchdale Dr, Elgin, IL
0.12
Single-Family Home
$275,000
08/29/25
3
2
1,877
375 S Edison Ave, Elgin, IL
0.17
Single-Family Home
$300,000
06/18/26
3
2
1,125
851 Washburn St, Elgin, IL
0.18
Single-Family Home
$300,000
10/01/25
3
1.5
1,800
400 Marguerite St, Elgin, IL
0.13
Single-Family Home
$341,000
04/07/26
4
2
1,401
853 Orange St, Elgin, IL
0.09
Single-Family Home
$360,000
06/01/26
3
2
1,683

Nearby homes

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Assigned Schools

These are the assigned schools for 506 Commonwealth Ave.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Southwest Elgin
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Southwest Elgin

  • 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
  • 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
  • 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
  • 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
  • Grant S.
    "we are off the beaten path as far as traffic is concerned... there is a very low crime rate in our neighborhood. we have two parks relatively close. there is a grade school within a quarter mile. lots of kids in the neighborhood. even though it appears to be primarily Hispanic there are few rentals and fairly descent upkeep of the houses and landscape. it's one of the quieter neighborhoods I've been in in my 25 years here in elgin"
    0
    Flag
  • Grant S.
    "close to downtown but off the beaten path. except for trains a very quiet area. traffic tends to be too much at rush hours."
    0
    Flag
  • Amysmooch
    "I have lived here for 11yrs and I love the way everyone is friendly. And neighbors still watch all the neighborhood kids to keep them safe . "
    0
    Flag
  • Grant S.
    "quieter neighborhood.... quiet neighbors... lots of wildlife and birds. trains are a little bothersome"
    1
    Flag
  • Grant S.
    "one of the quiter neigjborhoods I've lived in in elgin over 30 yrs and 8 different locations. i think the diversity of our neighborhood ethically is well balanced and adds to the feeling."
    1
    Flag

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Apartments for Rent

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Homes for sale near 506 Commonwealth Ave

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Off Market Homes Near 506 Commonwealth Ave

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