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ActiveMLS #: 124352021 / 13Get an accurate number
ActiveMLS #: 124352021 / 1320.63 acres
$2,300,000
7N504 Route 31, South Elgin IL, 60177
Est. payment: $12,648/mo · 20% down, 30-year fixed at 6.95%, principal, interest, and taxes per the listing
Lot size
20.63 acres
Property type
Land
Listed by Kelly Crowe with Baird & Warner Fox Valley - Geneva
Questions about this home: Nick Rife, Rife Realty, (815) 258-1471 or Nick@RifeRealty.com
Overview
A prime parcel of 20+ acres, residential development opportunity annexed to the thriving area of South Elgin and St Charles D303 school district. Bordering Stearns road and close to Rt31/McLean/Stearns intersections. Currently zoned R-2 Single Dwelling Unit District. Previously this property has been approved for 72 townhomes and later approved for 42 single family homes. Additional land is available by the potential purchasing of adjacent existing properties. Electric and gas on site. Near forest preserve, bike trails along the river, and shopping.
Location
7N504 Route 31, South Elgin IL, 60177
- Township
- St. Charles
- County
- Kane
- Area
- South Elgin
Exterior and lot
- Lot size
- 20.63 acres (72X475X484X1480X848X1987)
- Total parking
- 0
- Utilities
- Electric to Site, Natural Gas Available, Sewer Nearby, Water Nearby
Schools
- Elementary district
- 303
- Middle district
- 303
- High school district
- 303
Taxes and ownership
- Annual taxes
- $5,617 (2024)
- Ownership
- Fee Simple
- Possession
- Closing
Listing details
- MLS number
- 12435202
- Status
- Active
- Property type
- Land
- Town
- South Elgin
- ZIP
- 60177
- Updated
- Sep 21, 2026
Estimate your payment
Term, years
Your monthly payment will be
$12,648
Principal, interest, and estimated taxes.
Loan $1,840,000 Down $460,000
- Principal and interest
- $12,180
- Property taxes (2024, per the listing)
- $468
Ballpark estimated payments for planning. Not a quote or a preapproval.
What this estimate includes
Principal, interest, and property taxes: the listing's reported bill when MRED has one, otherwise an estimate from typical corridor rates. Insurance and any PMI are not included, and this is not an offer of credit. Your real number depends on your credit, the lender, and the property.
Talk to Nick and he will connect you with one of his preferred lenders for a real figure.
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Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of Sep 21, 2026, 4:50 PM CT. 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.
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