516 S Commonwealth Ave, Elgin, IL 60123
OFF MARKET

$314,900

Trulia Estimate
  • 4 Beds
  • 2 Baths
  • 1,400 sqft (on 0.28 acres)

516 S Commonwealth Ave, Elgin, IL 60123

Southwest Elgin
Est. Refi. Payment $2,265/mo*
Refinance Your Home

Home Value

Trulia Estimate
$315K
Since last month
Decreased$700 (-0.2%)
Since last year
Increased$19K (+6.5%)
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 +93% in the last 10 years
MonthEstimated value
2026
August 2026$315K
August 2026$315K
July 2026$316K
June 2026$323K
May 2026$320K
April 2026$314K
March 2026$312K
February 2026$299K
January 2026$298K
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
400 Marguerite St, Elgin, IL
0.15
Single-Family Home
$341,000
04/07/26
4
2
1,401
556 Wilcox Ave, Elgin, IL
0.19
Single-Family Home
$265,000
07/27/26
4
2
1,424
475 S Edison Ave, Elgin, IL
0.05
Single-Family Home
$285,000
09/04/25
3
2
1,154
851 Washburn St, Elgin, IL
0.20
Single-Family Home
$300,000
10/01/25
3
1.5
1,800
371 S Edison Ave, Elgin, IL
0.20
Single-Family Home
$290,000
02/13/26
4
2
1,596
361 S Commonwealth Ave, Elgin, IL
0.17
Single-Family Home
$420,000
07/10/26
4
2.5
1,367
853 Orange St, Elgin, IL
0.11
Single-Family Home
$360,000
06/01/26
3
2
1,683
316 Marguerite St, Elgin, IL
0.28
Single-Family Home
$310,000
09/19/25
4
2
1,765
256 S Edison Ave, Elgin, IL
0.31
Single-Family Home
$300,000
12/03/25
3
2
1,456
826 Kate St, Elgin, IL
0.31
Single-Family Home
$299,900
12/23/25
4
2
2,094

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
511 S Edison Ave, Elgin, IL 60123
0.03
$284,400
2
1
1,385
Off Market
503 S Edison Ave, Elgin, IL 60123
0.04
$337,100
3
2
1,485
Off Market
521 S Edison Ave, Elgin, IL 60123
0.03
$291,500
2
1.5
1,400
Off Market
475 S Edison Ave, Elgin, IL 60123
0.05
$300,300
3
2
1,154
Off Market
506 S Edison Ave, Elgin, IL 60123
0.06
$317,700
3
2
1,256
Off Market
515 S Commonwealth Ave, Elgin, IL 60123
0.04
$268,100
2
1
744
Off Market
870 Morgan St, Elgin, IL 60123
0.07
$335,000
3
1.5
2,222
Recently Sold
1023 Adams St, Elgin, IL 60123
0.06
$349,300
4
1.5
1,518
Off Market
525 Sunset Dr, Elgin, IL 60123
0.09
$300,000
3
1.5
1,256
Recently Sold
551 Sunset Dr, Elgin, IL 60123
0.09
$325,000
3
1.5
1,573
Recently Sold
853 Orange St, Elgin, IL 60123
0.11
$360,000
3
2
1,683
Recently Sold
1074 Birchdale Dr, Elgin, IL 60123
0.11
$289,900
3
2
1,877
Off Market

Local Information

  • Map ViewExplore the area around 516 S Commonwealth Ave.
  • Schools2 Preschool Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1951
Lot Size
0.28 acres
Living Area
1,400 sqft
Price/Sqft
$225
Parking
Garage

About this House

2 story cape cod. Large fenced back yard, detached garage.
516 S Commonwealth Ave, Elgin, IL 60123 is a 4 bedroom, 2 bathroom, 1,400 sqft single-family home in Southwest Elgin, built in 1951. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $314,900, with a rent estimate of $2,764/month.

Home Details for 516 S Commonwealth Ave

Interior Features

Levels, Entrance, & Accessibility
Stories: 2

Property Information

Year Built
Year Built: 1951
Property Type / Style
Property Type: Single Family HomeArchitecture: Cape Cod

Exterior Features

Exterior Home Features
Exterior: Wood
Parking & Garage
GarageParking: Garage

Community

Units in Building: 1

Lot Information

Lot Area: 0.28 acres

Price and Tax history

YearProperty taxTax assessment
2025
$3,950
$267,996
Home facts updated by county records

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

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

Frequently asked questions about 516 S Commonwealth Ave

  • What is 516 S Commonwealth Ave estimated to be worth?
    Trulia's estimated value for 516 S Commonwealth Ave in Elgin, IL is $314,900.
  • 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 are the closest schools to 516 S Commonwealth Ave?
    The closest schools to 516 S Commonwealth Ave in Elgin, IL are Abbott Middle School (rated 3/10), Harriet Gifford Elementary School (Pre-K, rated 4/10), Larkin High School (Pre-K, rated 3/10).
  • How big is the lot at 516 S Commonwealth Ave?
    The lot at 516 S Commonwealth Ave in Elgin, IL is about 0.28 acres (12,000 sq ft).
  • Does 516 S Commonwealth Ave have a garage?
    Yes, 516 S Commonwealth Ave in Elgin, IL has a garage.

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Apartments for Rent

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Off Market Homes Near 516 S Commonwealth Ave

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