Listing provided courtesy of Inspire Realty Group LLCMREDas Distributed by MLSGrid- MLS# 12671790MLS Provider

Lot 3 Russell StreetElgin, IL 60120

Vacant Land
$35,000 Active

Lot 3 Russell Street Overview

Time on Site:
21 days
Visits:
0

Rare opportunity to acquire a vacant commercial lot in a highly convenient Elgin location! Positioned near shopping, dining, schools, healthcare, and major transportation corridors, this property offers outstanding potential for a variety of future uses. Enjoy easy access to Route 20, I-90, Elgin Community College, local hospitals, and area high schools. According to the seller's discussions with the City of Elgin, there may be potential for rezoning to residential use; however, buyers are strongly encouraged to conduct their own due diligence and verify all zoning, permitted uses, and development possibilities with the appropriate municipal authorities prior to submitting an offer. An additional neighboring lot is also available MLS #12671851, and the seller would prefer to sell both parcels together, creating an even greater opportunity for development, investment, or future expansion. Don't miss this unique chance to secure a well-located property with exceptional potential in one of Elgin's growing corridors.

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Lot 3 Russell Street Facts & Features

  • Type Vacant Land

Details

General

School Information

  • School District: 46

Location/Region

  • County Or Parish: Kane
  • MLS Area Major: Elgin
  • Township: Elgin

Tax Information

  • Tax Annual Amount: $724.00
  • Tax Year: 2025

General Information

  • Ownership: Fee Simple
  • Parcel Number: 0624408003
  • Property Type: Land
  • Special Listing Conditions: None

Interior

Beds/Baths

  • Bathrooms Total: 0

Exterior

Parking Information

  • Parking Total: 0

Lot Information

  • Additional Parcels: No
  • Frontage Length: 66
  • Frontage Type: City Street
  • Lot Size Dimensions: 66X125X66X125
  • Road Surface Type: Asphalt

Waterfront/View

  • Waterfront: No

General Information

  • Utilities: Electricity Nearby,Natural Gas Nearby,Water Nearby

Lot 3 Russell Street Neighborhood

Community

60120 (ELGIN) Demographics

33
Median Age
2,977
Population Density (per sq. mile)
26%
College Educated
$67,780
Estimated Median Income
10,159
Estimated Total Home Owners
5,264
Estimated Total Renters
66% / 34%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

Lot 3 Russell Street Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Lot 3 Russell Street Market Data

Based on the last 30 days in this zip code

$321,575
Average List Price
$205
Average Price per Square Foot
29
Properties Sold
44
Average Days on Market
77
Properties for Sale
Calculations provided by Reliance Network

Lot 3 Russell Street History

Date Event Value Agent
6/13/2026Source: MRED Status Change
Active
6/8/2026Source: MRED Added to Database
June 08, 2026