516 S Commonwealth Ave, Elgin, IL 60123
OFF MARKET

516 S Commonwealth Ave
Elgin, IL 60123

Southwest Elgin
  • 4 Beds
  • 2 Baths
  • 1,400 sqft (on 0.28 acres)

$318,000

Trulia Estimate
as of Jun 8, 2026
Est. Refi. Payment $2,251/mo*
Refinance Your Home

$318,000

Trulia Estimate
as of Jun 8, 2026
Est. Refi. Payment $2,251/mo*
Refinance Your Home
4 Beds
2 Baths
1,400 sqft
(on 0.28 acres)

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

2 story cape cod. Large fenced back yard, detached garage.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources.

Home Highlights

Parking
Garage
Outdoor
No Info
HOA
None
Price/Sqft
No Info
Listed
Less than a day ago

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

Market trends in Elgin

Last updated April 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$303K
$8.17KMoM
Sale-to-List Price
99.6%
0.2%MoM
Price per sq ft
$202
$4MoM
Available listings
204
16MoM
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Property Tax and Assessment

Year2024
Tax$4,144
Assessment$246,843
Home facts updated by county records

Comparable Sales for 516 S Commonwealth Ave

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
503 S Edison Ave, Elgin, IL
0.04
Single-Family Home
$319,000
08/06/25
3
2
1,485
475 S Edison Ave, Elgin, IL
0.05
Single-Family Home
$285,000
09/04/25
3
2
1,154
506 S Edison Ave, Elgin, IL
0.06
Single-Family Home
$300,000
07/16/25
3
2
1,256
835 Oak St, Elgin, IL
0.17
Single-Family Home
$220,000
10/23/25
4
2
-
482 S Alfred Ave, Elgin, IL
0.21
Single-Family Home
$315,000
07/11/25
3
2
1,400
1074 Birchdale Dr, Elgin, IL
0.11
Single-Family Home
$275,000
08/29/25
3
2
1,877
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
721 Adams St, Elgin, IL
0.33
Single-Family Home
$370,000
07/24/25
4
3
1,478

Nearby homes

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Assigned Schools

These are the assigned schools for 516 S 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

  • 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
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  • 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
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  • 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
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  • 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"
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  • 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
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  • 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
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  • 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
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516 S Commonwealth Ave, Elgin, IL 60123 is a 4 bedroom, 2 bathroom, 1,400 sqft single-family home built in 1951. 516 S Commonwealth Ave is located in Southwest Elgin, Elgin. This property is not currently available for sale. The current Trulia Estimate for 516 S Commonwealth Ave is $318,000.