507 Grace St, Elgin, IL 60120
Property image
Property image
OFF MARKET
  • 1 Bed
  • 1 Bath
  • 600 sqft

507 Grace St, Elgin, IL 60120

Home Highlights

Apartment
600 sqft

Local Information

  • Map ViewExplore the area around 507 Grace St.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

Last 1 BR Available - $1100/month + $100 Credit!

Sign your lease and move in by October 31st to receive a $100 credit on your first month's rent!

Recently updated compact 1-bedroom, 1-bath apartment located just outside downtown Elgin in the historic district. The entire property has been refreshed with a new roof, gutters, siding, and driveway, giving it great curb appeal and peace of mind.

Our larger 1-bedroom unit just rented for $1,250/month, and this cozy, beautifully maintained apartment is now the only one left in the building. Don't miss this opportunity to move into a clean, quiet home with long-term, working-professional tenants.

Features:
- Updated interior in excellent condition.
- Central heating and window A/C.
- Water, sewer, and garbage included in rent.
- Free and plentiful street parking (shared driveway for property).
- Close to parks, downtown Elgin, and public transit.

Owner pays for water, sewage, and garbage collection. The renter is responsible, for gas, electric, and any additional services such as internet. The apartment is smoke-free, comes with an AC window unit, and a small pet, such as a cat, is allowed with permission from the owner.

A full month's rent is required as a security deposit with a good credit history, but may be more depending on a credit check. Prefer someone who is willing to stay for a year, but flexible on lease dates. In regards to parking, the driveway is not big enough for all the tenants to park in, but the street has free parking on both sides of the street, which offers ample room for all tenants and any guests that they may have.
507 Grace St, Elgin, IL 60120 is a 1 bedroom, 1 bathroom, 600 sqft apartment. It last sold for $315,000 on Jan 20, 2023 (28,536% above the $1,100 asking price). More recently, it was listed as a rental in September 2025 with an asking price of $1,200 per month. That rental listing was removed on October 23, 2025. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate rent is $1,274/month.

Home Details for 507 Grace St

Property Information

Property Type / Style
Property Type: Apartment

Rental Terms, Policies & Fees

Lease Term: 1 YearAvailable: now

Interior Features

Heating & Cooling
Air ConditioningCooling System: Central Air

Comparable Sales for 507 Grace St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1840 W Highland Ave #E105, Elgin, IL
2.91
Apartment
$167,000
07/01/26
1
1
915 sqft
1063 Manchester Ct, South Elgin, IL
2.90
Apartment
$185,000
01/06/26
2
1
1,110 sqft
224 Jefferson Ave, Elgin, IL
1.61
Apartment
$1,615,000
05/28/26
12
10,500 sqft
5011 Valley Ln #201, Streamwood, IL
4.93
Apartment
$150,000
01/15/26
2
2
1,000 sqft
115 Lucille Ct #A, Bartlett, IL
5.38
Apartment
$242,500
07/22/26
3
1
950 sqft
Home facts updated by county records

Nearby homes

Get a sense of prices in the area by checking nearby homes.
Skip to last item
Skip to first item

Rental Market Trends in Elgin

Last updated Sep 2026
Trulia Rent Estimate$1,274/mo
Average rent
$1.85K
$45MoM
Available listings
98
View rental market trends in Elgin, IL

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

Price and Tax history

DateEventPrice
Oct 23, 2025
Source: Zillow Rentals
ListingRemoved
$1,100
Oct 11, 2025
Source: Zillow Rentals
PriceChange
$1,100
Price decreased by 8%
Sep 22, 2025
Source: Zillow Rentals
Listed For Rent
$1,200
Jul 17, 2024
Source: Zillow Rentals
ListingRemoved
Jul 11, 2024
Source: Zillow Rentals
Listed For Rent
$1,000

Frequently asked questions about 507 Grace St

  • What is the price history for 507 Grace St?
    507 Grace St in Elgin, IL last sold for $315,000 in January 2023.
  • 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 507 Grace St have air conditioning?
    Yes, 507 Grace St in Elgin, IL has air conditioning.

Homes for rent near 507 Grace St

Skip to last item
Skip to first item

Affordability

TIP:Try to keep your rent within a third of your gross household income. Learn why in our Renter's Guide.
For this property
PER YEAR
is the suggested income
Win over prospective landlords with your smart budgeting. As a good rule of thumb, ideally you would have at least three times your monthly rent in combined household income.
Skip to last item
  • Results are loading
Skip to first item