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Highlights

  • New Construction

Location

1116 Lake Terrace Rd #0158, Elgin, IL 60123, USA|Willow Lakes Estates

Tour 1116 Lake Terrace Rd #0158

Contact

Willow Lake Estates

(847) 742-3620

Amenities for 1116 Lake Terrace Rd #0158, Willow Lakes Estates

Apartment Amenities

Electric HeatingWalk-in Closet

Building

Fitness Center

Grounds

Swimming Pool
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property
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About 1116 Lake Terrace Rd #0158

HomeApartments in Elgin 1116 Lake Terrace Rd #0158, Elgin, IL 60123, USA

Property Status: Active Welcome to Willow Lake Estates, a 55+ age-qualified, active, and vibrant community where you can find yourself in your dream home. We have a stunning, brand-new 2025 2-bedroom, 2-bathroom home for sale featuring 1,251.84 sq. ft. of beautifully designed living space. Located in Elgin, this property offers the perfect blend of modern amenities and timeless charm. Step inside to find an inviting open-concept floor plan filled with bright, natural light. The gourmet kitchen boasts custom cabinetry and stainless steel appliances, perfect for both everyday living and entertaining. The spacious primary suite offers a peaceful retreat, complete with a walk-in closet and a private en-suite bathroom. An additional bedroom provides great versatility for guests or a home office. Outside, you will enjoy a welcoming front porch and low-maintenance landscaping, ideal for unwinding. Located in the desirable Willow Lake Estates, residents enjoy access to a range of premium amenities including a lakefront clubhouse, a outdoor pool, and a fitness center. Conveniently situated near local shopping, dining, medical centers, and major highways, you'll have everything you need just minutes away. Call Lucas today for a showing. Office Phone: (847) 742-3620 Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Source: My State MLS|MLS Listing No. 11984965

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Address details

NeighborhoodWillow Lakes Estates
Zip code60123
TypeApartment for rent

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Rent trends in Willow Lakes Estates

2-bedroom apartments at 1116 Lake Terrace Rd #0158 cost about 3% more than the average rent price for 2-bedroom apartments in Willow Lakes Estates.

Median rents as of Sep 12 2026.
Willow Lakes Estates
Elgin
A table of 2-bedroom apartment rental data trends in Elgin
MonthMedian Rent
September 2024$2,207
October 2024$2,168
November 2024$2,144
December 2024$2,000
January 2025$2,062
February 2025$1,961
March 2025$2,019
April 2025$1,820
May 2025$1,865
June 2025$1,985
July 2025$2,012
August 2025$1,989
September 2025$1,965
October 2025$1,952
November 2025$1,815
December 2025$1,789
January 2026$1,822
February 2026$1,789
March 2026$1,940
April 2026$2,062
May 2026$2,075
June 2026$1,993
July 2026$1,904
August 2026$2,048
September 2026$2,037
A table of 2-bedroom apartment rental data trends in Willow Lakes Estates
MonthMedian Rent
June 2026$1,875
July 2026$1,775
August 2026$1,790
September 2026$1,850

Affordability calculator

Can I afford to live at 1116 Lake Terrace Rd #0158?

Bedrooms

2 bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$76,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $76,000 annually to afford this 2-bedrooms monthly rent price of $1,900.
For more information on rent affordability, visit our rent calculator.

Schools near 1116 Lake Terrace Rd #0158

Century Oaks Elementary School

1235 braeburn dr

elgin, IL, 60123

PK, K-6Public
C+

Jerri Hoffmann Child & Family Center

229 lake marian rd

carpentersville, IL, 60110

PK, KPublic

District 158 Early Childhood Center

10910 reed rd

lk in the hls, IL, 60156

PKPublic

Oak Knoll Early Childhood Center

409 1st st

cary, IL, 60013

PK, KPublic

District 54 Early Learning Center

520 e schaumburg rd

schaumburg, IL, 60194

PKPublic
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Neighborhood

Willow Lakes Estates | Elgin, IL

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Elgin near 1116 Lake Terrace Rd #0158

Walking

3/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).

Driving

10/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

5/10
More spots are within biking distance and some roads are cyclist-friendly.

Transit

2/10
FYI, there are little to no public transit options within walking distance.

Points of interest for 1116 Lake Terrace Rd #0158, Elgin

Groceries

3/10
Some groceries within a short drive

Shopping

3/10
Some shops within a short drive

Cafes

2/10
Few or no cafés within a short drive

Restaurants

3/10
Some restaurants within a short drive

Primary schools

10/10
At least one elementary school within a 5-minute walk

High schools

10/10
At least one high school within a 5-minute walk

Parks

6/10
Large amount of park space nearby

Nightlife

2/10
Few or no bars within a short drive

Explore the area around 1116 Lake Terrace Rd #0158

Fox Valley Farmers Market
840 N State St
Armando's Supermarket
925 N Liberty St
Lina's Filipino Marketplace
10 Tyler Creek Plz
Elgin Fresh Market
822 Summit St
ALDI
799 Summit St

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