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$199,900 Just Listed

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 1 Full Bath
  • 1 Partial Bath
  • 1,640 Sq. Ft.
  • 1 Car Garage
  • Updated 1 day ago
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Calling all investors, rehabbers, flippers, and buyers looking to build instant equity! This spacious two-story home offers a fantastic floor plan featuring 3 bedrooms, 1.5 baths, and generously sized living spaces rarely found at this price point. There is hardwood floor throughout much of the home and the expansive living room, separate family room, formal dining room, and enclosed front porch provide exceptional flexibility and the perfect foundation for a stunning renovation The spacious kitchen includes all existing appliances and offers endless potential to become the heart of the home. Upstairs, you'll find all three generously sized bedrooms. The renovation has already begun to convert the upstairs half bath into a full bathroom, providing an outstanding opportunity to add immediate value. The huge unfinished basement offers incredible potential for future living space, a workshop, or abundant storage. A detached one-car garage adds even more functionality and convenience. Priced to sell and reflecting its current condition, this home is being sold AS IS, with cash buyers preferred. Whether you're looking for your next flip, long-term investment, or a chance to create your dream home while building significant equity, this property delivers outstanding potential. With solid bones, an excellent floor plan, tremendous upside, and a highly desirable west-side location, this is an opportunity you won't want to miss.

Full Property Details for 514 Locust St

General

  • Price: $199,900
  • Taxes: $5,764 (2025)
  • Status: Active
  • Type: Single Family
  • Source: MRED
  • MLS ID: 12711953

Interior

  • Basement: Unfinished
  • Appliances: Range, Refrigerator

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 3

Additional Information

  • Equipment: Water Heater-Gas

Parking

  • Garage: Yes
  • Garage Spaces: 1
  • Total Spaces: 1
  • Parking Features: Yes, Garage Owned, Detached, Garage

Location

  • Area: Elgin
  • County: Kane
  • Township: Elgin
  • Driving Directions: RT. 31 SOUTH OF RT. 19 TO LOCUST RIGHT TO PROPERTY

School Information

  • School District: 46
  • Elem School District: 46
  • Midd School District: 46
  • High School District: 46
  • Elementary School: Highland Elementary School
  • Middle School: Kimball Middle School
  • High School: Larkin High School
  • Private School: Larkin High School

Community

  • Assoc. Fees Include: None

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Info: Traditional
  • Architectural Style: Traditional
  • Construction: Aluminum Siding, Vinyl Siding, Steel Siding
  • Exterior Const.: Aluminum Siding, Vinyl Siding, Steel Siding
  • Basement: Yes
  • Basement Desc.: Unfinished, Full
  • Windows: All
  • Square Feet: 1,640
  • Sq. Ft. Source: Assessor
  • Year Built: 1910
  • Built Before 1978: Yes

Lot Features

  • Lot Size (Acres): 0.32
  • Lot Size Range: .25 to .49 Acre
  • Lot Dimensions: 13866

Financial Considerations

  • Assessment Year: 1910
  • Tax Amount: $5,764.22
  • Tax Year: 2025
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 614409035

Listed by Legacy Properties, A Sarah Leonard Company, LLC

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Listing agents

— 514 Locust St —

  • Legacy Properties, A Sarah Leonard Company, LLC

  • Legacy Properties, A Sarah Leonard Company, LLC

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 514 Locust St

School District:School District U-46
NameGradesDistance
Washington Elementary School, Elgin, IL
819 West Chicago Street, Elgin, IL 60123
K-60.4 mi
Abbott Middle School, Elgin, IL
949 Van Street, Elgin, IL 60123
7-80.6 mi
Larkin High School
1475 Larkin Avenue, Elgin, IL 60123
9-121.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Tax History for 514 Locust St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,764
—
$83,556
9%
2025
$5,764
10%
$76,960
11%
2023
$5,245
5%
$69,527
10%
2022
$4,977
5%
$63,397
7%
2021
$4,753
—
$59,271
5%
2021
$4,753
6%
$56,583
5%
2019
$4,474
4%
$53,899
12%
2017
$4,320
5%
$48,001
8%
2016
$4,109
2%
$44,532
9%
2015
$4,037
-6%
$40,817
1%
2014
$4,309
-3%
$40,313
-21%
2018
$4,427
12%
$50,776
23%
2012
$3,955
—
$41,377
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Legacy Properties, A Sarah Leonard Company, LLC

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514 Locust Street, Elgin, IL 60123 (MLS# 12711953) is a Single Family property with 3 bedrooms, 1 full bathroom and 1 partial bathroom. 514 Locust Street is currently listed for $199,900 and was received on July 23, 2026. Want to learn more about 514 Locust Street? Do you have questions about finding other Single Family real estate for sale in Elgin? You can browse all Elgin real estate or contact a Coldwell Banker agent to request more information.

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