56 Monroe St, Elgin, IL 60123
Property image
Property image
OFF MARKET

56 Monroe St
Elgin, IL 60123

  • 4 Beds
  • 2.5 Baths
  • 2,055 sqft (on 0.34 acres)

$388,700

Trulia Estimate
as of Aug 22, 2026
Est. Refi. Payment $2,765/mo*
Refinance Your Home

$388,700

Trulia Estimate
as of Aug 22, 2026
Est. Refi. Payment $2,765/mo*
Refinance Your Home
4 Beds
2.5 Baths
2,055 sqft
(on 0.34 acres)

Home Value

Trulia Estimate
$389K
Since last month
Increased$500 (+0.1%)
Since last year
Increased$22K (+5.9%)
Since last sale
Increased$197K (+102.4%)
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 +105% in the last 10 years
MonthEstimated value
2026
August 2026$390K
July 2026$389K
June 2026$390K
May 2026$389K
April 2026$376K
March 2026$381K
February 2026$366K
January 2026$365K
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
44 Monroe St, Elgin, IL
0.02
Single-Family Home
$285,000
04/03/26
3
1.5
1,720
821 Larkin Ave, Elgin, IL
0.08
Single-Family Home
$390,000
06/17/26
4
2.5
1,946
726 W Highland Ave, Elgin, IL
0.26
Single-Family Home
$285,000
08/06/26
3
1.5
2,072
1017 W Highland Ave, Elgin, IL
0.23
Single-Family Home
$315,000
04/08/26
4
1.5
1,988
869 Shuler St, Elgin, IL
0.32
Single-Family Home
$226,000
05/13/26
3
3
1,253
229 Vincent Pl, Elgin, IL
0.18
Single-Family Home
$381,500
11/20/25
3
1.5
2,186
26 Monroe Ave, Elgin, IL
0.06
Single-Family Home
$289,000
08/21/26
3
2
1,200
44 N Du Bois Ave, Elgin, IL
0.19
Single-Family Home
$272,900
11/18/25
3
2
1,673
1015 Lawrence Ave, Elgin, IL
0.32
Single-Family Home
$215,000
12/01/25
4
2
1,300
51 Wilcox Ave, Elgin, IL
0.25
Single-Family Home
$435,000
07/09/26
4
2
2,320

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
44 Monroe St, Elgin, IL 60123
0.02
$285,000
3
1.5
1,720
Recently Sold
26 Monroe Ave, Elgin, IL 60123
0.06
$289,000
3
2
1,200
Recently Sold
39 N Commonwealth Ave, Elgin, IL 60123
0.05
$289,900
3
1.5
1,282
Off Market
102 Monroe Ave, Elgin, IL 60123
0.02
$336,900
3
1.5
1,418
Off Market
22 Monroe Ave, Elgin, IL 60123
0.07
$317,400
3
2
1,500
Off Market
25 N Commonwealth Ave, Elgin, IL 60123
0.07
$294,300
3
1.5
1,466
Off Market
8 Monroe St, Elgin, IL 60123
0.10
$265,000
2
1.5
-
Recently Sold
115 N Commonwealth Ave, Elgin, IL 60123
0.05
$259,600
2
1.5
1,116
Off Market
41 Hamilton Ave, Elgin, IL 60123
0.10
$465,000
4
2.5
2,780
For Sale
104 N Commonwealth Ave, Elgin, IL 60123
0.07
$380,300
4
2.5
2,125
Off Market
121 Monroe St, Elgin, IL 60123
0.07
$275,000
2
1.5
1,400
Recently Sold
22 N Commonwealth Ave, Elgin, IL 60123
0.11
$340,900
4
1.5
1,682
Off Market

Local Information

  • Map ViewExplore the area around 56 Monroe St.
  • Schools2 Preschool Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1923
Lot Size
0.34 acres
Living Area
2,055 sqft
Price/Sqft
$189
Parking
Garage

About this House

Charming Four-Square home set on a quiet, Double Corner Lot! Enjoy this classic home that boasts a beautiful blend of original woodwork and style with updated features and generous room sizes! The enclosed porch is a great place to sit and enjoy morning coffee. Get the feeling of HOME when you walk into the family room with a wood burning fireplace. Eat-in kitchen offers an abundance of white cabinetry and plenty of counter space ~ plus opens to a formal dining room with stunning, custom woodwork and timeless tin ceiling. Convenient first floor bedroom with original hardwood floors and a beautifully updated private full bath, perfect for in-law arrangement or guests! Second floor HUGE master bedroom with walk-in custom closet. 2 additional bedrooms and full bath with loads of built-in cabinets for storage. Partially finished basement includes a rec room, an office, and a half bath. Classic attic with interior stairs is ready for your customization! Updates include brand new carpet on the main floor, stairs, and upstairs hallway. Newer windows in porch, family room and dining room as well as 2nd floor front bedroom. Extra-large fenced yard with paver patio and detached 2 car garage. Conveniently located close to Rt 20 and Randal Rd corridor, schools, Downtown Elgin, and shopping/dining/entertainment! Don't Miss Out!
56 Monroe St, Elgin, IL 60123 is a 4 bedroom, 3 bathroom, 2,055 sqft single-family home built in 1923. It last sold for $192,500 on Jan 29, 2020. More recently, it was listed as a rental in August 2018 with an asking price of $2,000 per month. That rental listing was removed on September 21, 2018. It is currently off market. The Trulia Estimate is $388,700, with a rent estimate of $2,854/month.

Home Details for 56 Monroe St

Interior Features

Heating & Cooling
Heating: GasHeating Fuel: Gas
Interior Details
Types of Rooms: Dining Room
Appliances & Utilities
DishwasherDisposalDryerMicrowaveWasher
Fireplace & Spa
Fireplace
Levels, Entrance, & Accessibility
Floors: Carpet, Hardwood, Laminate

Exterior Features

Exterior Home Features
Roof: Other, SlateExterior: BrickPatio
Parking & Garage
GarageParking Spaces: 4Parking: Garage Detached

Property Information

Year Built
Year Built: 1923
Property Type / Style
Property Type: Single Family Home

Community

Units in Building: 1

Lot Information

Lot Area: 0.34 acres

Price and Tax history

DateEventPrice
Jan 29, 2020
Source: MRED as distributed by MLS GRID #10585956
Sold
$192,500
Dec 30, 2019
Source: Agent Provided
Pending
$200,000
Dec 4, 2019
Source: Agent Provided
PriceChange
$200,000
Price decreased by 5%
Nov 5, 2019
Source: Agent Provided
PriceChange
$210,000
Price decreased by 2%
Sep 21, 2019
Source: Agent Provided
PriceChange
$215,000
Price decreased by 2%

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

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 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.
  • 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
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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
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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
    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
  • 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

Frequently asked questions about 56 Monroe St

  • What is 56 Monroe St estimated to be worth?
    Trulia's estimated value for 56 Monroe St in Elgin, IL is $388,700.
  • What is the price history for 56 Monroe St?
    56 Monroe St in Elgin, IL last sold for $192,500 in January 2020.
  • 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.
  • Does 56 Monroe St have laundry facilities?
    Yes, 56 Monroe St in Elgin, IL has in-unit laundry.
  • How big is the lot at 56 Monroe St?
    The lot at 56 Monroe St in Elgin, IL is about 0.34 acres (14,915 sq ft).

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Off Market Homes Near 56 Monroe St

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