550 Teal Ave, Elgin, IL 60123
OFF MARKET

550 Teal Ave
Elgin, IL 60123

    Local Information

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

    Description

    Builder, Investors, Let's fix this housing shortage and build, build, BUILD! Welcome to this amazing vacant residential lot, located on a quiet and peaceful street. Measuring 66 feet by 133 feet, this lot offers a spacious and versatile canvas for your dream home or investment property. Located in a desirable neighborhood, this lot offers easy access to nearby amenities, including schools, shopping centers, and recreational facilities. The lot is zoned for residential use, which provides an opportunity for you to create the perfect home tailored to your unique needs and lifestyle. With plenty of space, this lot offers endless possibilities for outdoor living and entertaining, from a beautiful garden to a swimming pool, or simply a peaceful retreat. The lot is level, making it easy to build on, and it is surrounded by mature trees, offering a sense of privacy and tranquility. Don't miss this rare opportunity to own a vacant residential lot in a great location, where you can build your dream home and enjoy the best of everything this area has to offer.
    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. This description is from October 22, 2025

    Home Highlights

    Parking
    No Info
    Outdoor
    No Info
    HOA
    None
    Price/Sqft
    No Info
    Listed
    180+ days ago

    Home Details for 550 Teal Ave

    Active Status

    MLS Status: Closed

    Interior Features

    Appliances & Utilities
    Utilities: Electricity Nearby, Natural Gas Nearby
    View
    No View

    Exterior Features

    Frontage
    Road Frontage: City StreetRoad Surface Type: AsphaltNot on Waterfront
    Farm & Range
    Frontage Length: 135

    Property Information

    Property Type / Style
    Property Type: LandProperty Subtype: Unimproved Land
    Property Information
    Parcel Number: 0611130004

    Price & Status

    Price
    List Price: $40,000
    Status Change & Dates
    Off Market Date: Fri Sep 01 2023Possession Timing: Close Of Escrow

    Location

    Direction & Address
    City: Elgin
    School Information
    Elementary School District: 46Jr High / Middle School District: 46High School District: 46

    Lot Information

    Lot Area: 8910 sqft

    Listing Info

    Special Conditions: None

    Offer

    Listing Terms: Cash

    Business

    Business Information
    Ownership: Fee Simple

    Miscellaneous

    Mls Number: 11769232Back On Market Date: Sun Aug 06 2023

    Additional Information

    Source Internet Consumer CommentSource Internet Entire Listing DisplayMRD REMARKSINTERNET: YesSource Internet Address Display
    Last check for updates: about 12 hours ago
    Listed by Rudolph Johnson, (630) 201-4130
    Keller Williams Inspire
    Anne Kothe, (630) 935-4739
    Keller Williams Inspire
    Bought with: Jesus Perez, (630) 878-9064, Casablanca
    Source: MRED as distributed by MLS GRID, MLS#11769232

    Price History for 550 Teal Ave

    DatePriceEventSource
    04/29/2024$35,000Sold
    MRED as distributed by MLS GRID #11769232
    09/13/2023$40,000PendingMRED as distributed by MLS GRID #11769232
    08/06/2023$40,000PendingToActiveMRED as distributed by MLS GRID #11769232
    05/04/2023$40,000ContingentMRED as distributed by MLS GRID #11769232
    04/27/2023$40,000Listed For SaleMRED as distributed by MLS GRID #11769232
    04/20/2005$45,000Sold
    N/A
    03/24/2004$40,000Sold
    N/A

    Market trends in Elgin

    Last updated May 2026
    Buyer'sMarketSeller'sMarket
    Avg. sale price
    $313K
    $11.67K    MoM
    Sale-to-List Price
    99.6%
    Price per sq ft
    $206
    $3    MoM
    Available listings
    234
    30    MoM
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    Property Tax and Assessment

    Year2024
    Tax$1,282
    Assessment$48,069
    Home facts updated by county records

    Homeowner tools

    Estimated monthly rent$1,600/mo
    List your home for rent

    Comparable Sales for 550 Teal Ave

    Address
    Distance
    Property Type
    Sold Price
    Sold Date
    Bed
    Bath
    Sqft
    562 N Alfred Ave, Elgin, IL
    0.87
    Lot/Land
    $75,000
    10/29/25
    -
    -
    Vacant Lot Illinois Pkwy, Elgin, IL
    1.48
    Lot/Land
    $29,000
    07/11/25
    -
    -
    552 E Chicago St, Elgin, IL
    1.80
    Lot/Land
    $48,999
    11/21/25
    -
    -
    216 Prairie St #12, Elgin, IL
    1.60
    Lot/Land
    $107,000
    02/25/26
    -
    -
    70 S Weston Ave, Elgin, IL
    1.83
    Lot/Land
    $69,000
    04/17/26
    -
    -
    212 Dundee Ave, Elgin, IL
    1.24
    Lot/Land
    $125,000
    09/08/25
    -
    -
    140 S Lyle Ave, Elgin, IL
    2.23
    Lot/Land
    $35,000
    12/11/25
    -
    -
    1 South St, Elgin, IL
    1.48
    Lot/Land
    $170,000
    03/02/26
    -
    -
    Lot 133 Walnut Dr #133, Dundee, IL
    2.43
    Lot/Land
    $67,308
    11/03/25
    -
    -

    Nearby homes

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    Assigned Schools

    These are the assigned schools for 550 Teal 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.

    What Locals Say about Elgin

    At least 938 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

    • 51 % 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.
    • 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
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    • 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
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    • Daniel E.
      "i see neightbors walking their dogs. having family cook outs and other events. great ambients to have your children grow in."
      0
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    • 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
    • Mark W.
      "It's not too bad. Most people are pretty friendly and nice. Noise isn’t too bad and most people will help each other when they need it. "
      1
      Flag
    • Maradona J.
      "I live in this neighborhood for over a month, very peaceful and pleasant. The street always clean, and welcome.."
      1
      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
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    • 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
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    Homes for sale near 550 Teal Ave

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    Off Market Homes Near 550 Teal Ave

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    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
    550 Teal Ave, Elgin, IL 60123 is a lot/land. This property is not currently available for sale. 550 Teal Ave was last sold on Apr 29, 2024 for $35,000 (13% lower than the asking price of $40,000).