515 S Commonwealth Ave, Elgin, IL 60123
Property image
Property image
OFF MARKET

$265,100

Trulia Estimate
  • 2 Beds
  • 1 Bath
  • 744 sqft

515 S Commonwealth Ave, Elgin, IL 60123

Southwest Elgin
Est. Refi. Payment $1,988/mo*
Refinance Your Home
Currently Off Market - Sold Dec 18, 2023 for $230,000

Home Value

Trulia Estimate
$265K
Since last month
Decreased$3K (-1.2%)
Since last year
Increased$5K (+2%)
Since last sale
Increased$35K (+15.3%)
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 +104% in the last 10 years
MonthEstimated value
2026
September 2026$265K
August 2026$269K
July 2026$269K
June 2026$274K
May 2026$272K
April 2026$270K
March 2026$265K
February 2026$260K
January 2026$257K
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
800 Morgan St, Elgin, IL
0.15
Single-Family Home
$275,000
03/27/26
2
1
1,128
270 S Melrose Ave, Elgin, IL
0.44
Single-Family Home
$275,300
07/30/26
2
1
876
756 Walnut Ave, Elgin, IL
0.41
Single-Family Home
$245,000
04/02/26
2
1
1,400
231 S Aldine St, Elgin, IL
0.43
Single-Family Home
$259,900
01/01/26
2
1
1,079
987 South St, Elgin, IL
0.24
Single-Family Home
$215,000
05/22/26
2
2
1,000
490 S Alfred Ave, Elgin, IL
0.25
Single-Family Home
$280,000
02/26/26
3
1
1,320
229 S Edison Ave, Elgin, IL
0.36
Single-Family Home
$182,900
01/30/26
1
1
618
170 S Clifton Ave, Elgin, IL
0.60
Single-Family Home
$250,000
10/31/25
2
1
819

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
870 Morgan St, Elgin, IL 60123
0.05
$335,000
3
1.5
2,222
Recently Sold
511 S Edison Ave, Elgin, IL 60123
0.07
$280,500
2
1
1,385
Off Market
503 S Edison Ave, Elgin, IL 60123
0.08
$338,100
3
2
1,485
Off Market
521 S Edison Ave, Elgin, IL 60123
0.07
$285,900
2
1.5
1,400
Off Market
527 Marguerite St, Elgin, IL 60123
0.07
$312,300
4
1.5
976
Off Market
475 S Edison Ave, Elgin, IL 60123
0.08
$301,300
3
2
1,154
Off Market
853 Orange St, Elgin, IL 60123
0.09
$360,000
3
2
1,683
Recently Sold
465 Marguerite St, Elgin, IL 60123
0.09
$279,700
2
1
850
Off Market
1023 Adams St, Elgin, IL 60123
0.09
$344,800
4
1.5
1,518
Off Market
561 Marguerite St, Elgin, IL 60123
0.09
$298,700
4
1.5
1,368
Off Market
834 Morgan St, Elgin, IL 60123
0.10
$349,900
4
3
1,248
Off Market

Local Information

  • Map ViewExplore the area around 515 S Commonwealth Ave.
  • Schools2 Preschool Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1951
744 sqft
$356/sqft
1 Car Garage

About this House

What's unique:Charming ranch homeGreat neighborhoodNewly refinished cabinetsFreshly painted throughoutUpdated bathroomNew countertops
CHARMING RANCH HOME IN GREAT NEIGHBORHOOD!! 2 BR, 1 BATH home has so much to offer! The kitchen has been updated with newly refinished cabinets, new countertops, and stainless steel appliances. New Vinyl plank flooring throughout the home. Freshly painted throughout! Updated bathroom! Full basement is waiting for your creative ideas! Nothing to do here but move right in! Great location in a mature neighborhood! Hurry and schedule your showing today! Don't forget to check out the 3D tour of this amazing home!
515 S Commonwealth Ave, Elgin, IL 60123 is a 2 bedroom, 1 bathroom, 744 sqft single-family home in Southwest Elgin, built in 1951. It last sold for $230,000 on Dec 18, 2023 (2% below the $235,000 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $265,100, with a rent estimate of $1,834/month.
Last check for updates: about 4 hours ago
Listed by Matthew Lysien, (847) 309-6939
Suburban Life Realty, Ltd
Bought with: Esther Zamudio, GRI,SRES, (847) 508-7500, Zamudio Realty Group
Source: MRED as distributed by MLS GRID, MLS#11910550

Home Details for 515 S Commonwealth Ave

Interior Features

Interior Details
Basement: Unfinished,FullNumber of Rooms: 4Types of Rooms: Master Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Dining Room, Family Room, Kitchen, Laundry, Living Room
Beds & Baths
Number of Bedrooms: 2Number of Bathrooms: 1Number of Bathrooms (full): 1
Dimensions and Layout
Living Area: 744 Square Feet
Appliances & Utilities
Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Stainless Steel Appliance(s), Gas Water HeaterDishwasherDryerMicrowaveRefrigeratorWasher
Heating & Cooling
Heating: Natural Gas,Forced AirHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Natural Gas
Levels, Entrance, & Accessibility
Stories: 1Accessibility: No Disability Access
View
No View
Security
Security: Carbon Monoxide Detector(s)

Exterior Features

Exterior Home Features
Roof: AsphaltPatio / Porch: PatioFoundation: Concrete Perimeter
Parking & Garage
Number of Garage Spaces: 1Number of Covered Spaces: 1Has a GarageHas an Attached GarageHas Open ParkingParking Spaces: 1Parking: Concrete,Garage Door Opener,On Site,Garage Owned,Attached,Garage
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer

Property Information

Year Built
Year Built: 1951
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family Residence
Building
Construction Materials: Vinyl SidingNot a New Construction
Property Information
Parcel Number: 0623154003

Price & Status

Price
List Price: $235,000
Status Change & Dates
Off Market Date: Sat Nov 11 2023Possession Timing: Close Of Escrow

Active Status

MLS Status: Closed

Location

Direction & Address
City: Elgin
School Information
Elementary School: Harriet Gifford Elementary SchooElementary School District: 46Jr High / Middle School: Abbott Middle SchoolJr High / Middle School District: 46High School: Larkin High SchoolHigh School District: 46

Agent Information

Buyer Agent
Buyer Company Name: THE ESTHER ZAMUDIO TEAM

Community

Community Features: Curbs, Sidewalks, Street Lights, Street Paved

HOA

HOA Fee Includes: None

Lot Information

Lot Area: 7840.8 sqft

Listing Info

Special Conditions: None

Offer

Listing Terms: Conventional

Business

Business Information
Ownership: Fee Simple

Miscellaneous

BasementMls Number: 11910550

Additional Information

CurbsSidewalksStreet LightsStreet PavedSource Internet Automated Valuation DisplaySource Internet Consumer CommentSource Internet Entire Listing DisplayMRD REMARKSINTERNET: YesSource Internet Address Display

Price and Tax history

DateEventPrice
Dec 18, 2023
Source: MRED as distributed by MLS GRID #11910550
Sold
$230,000
Nov 13, 2023
Source: MRED as distributed by MLS GRID #11910550
Contingent
$235,000
Nov 8, 2023
Source: MRED as distributed by MLS GRID #11910550
PriceChange
$235,000
Price decreased by 6%
Oct 20, 2023
Source: MRED as distributed by MLS GRID #11910550
Listed For Sale
$250,000
Oct 5, 1998
Source: N/A
Sold
$107,000

Market trends in Elgin

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$331K
$4.67KMoM
Sale-to-List Price
100.2%
Price per sq ft
$203
$4MoM
Available listings
264
13MoM

Around this home

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

LGBTQ Local Legal Protections

Based on information submitted to the MLS GRID as of 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Click here for more information

Frequently asked questions about 515 S Commonwealth Ave

  • What is 515 S Commonwealth Ave estimated to be worth?
    Trulia's estimated value for 515 S Commonwealth Ave in Elgin, IL is $265,100.
  • What is the price history for 515 S Commonwealth Ave?
    515 S Commonwealth Ave in Elgin, IL last sold for $230,000 in December 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 $331K. That is down $4.67K from the prior month.
  • Does 515 S Commonwealth Ave have air conditioning?
    Yes, 515 S Commonwealth Ave in Elgin, IL has air conditioning.
  • Does 515 S Commonwealth Ave have laundry facilities?
    Yes, 515 S Commonwealth Ave in Elgin, IL has in-unit laundry.

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