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Multi-Family/Assisted Living Site

$2,900,000

3271 US Highway 20, Elgin, IL 60124

Active
Last Updated: 02/27/2025

4.5 acres

Lot Area

 
Details:
Lot Area:    4.5 acres
Highlights:
  • Zoning is approved for 64 townhome development
  • Approved for assisted living, the city prefers multi-family development for the site
  • Nearly 2 million in site improvements completed, including, storm water catch basin and retention pond, access to road and signage
  • Sanitation sewer and water are to site
  • Sidewalks, curbs, grading, removal of black dirt and landscaping complete
  • Preliminary plans for 56 town homes available or 100 apartment units
  • Seller completion available
  • 60-90 days to pull permits
  • 16-18 months to complete construction
Description:

Development site on the Elgin Bypass.

Located on the Elgin bypass 1.5 miles west of Randall. Approximately 10 minutes south of I-90. Elgin is the seventh-largest city in Illinois located just 35 miles northwest of Chicago. It is a vibrant, diverse and growing city rich in history located along the Fox River.

Map:
Documents:
Title
Elgin - 3271 Highway 20, MF Land, BC.pdf (2).pdf
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