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501 Michigan Ave; Aurora, IL Property Details

501 Michigan Ave, Aurora, IL is a Residential General that was built in 1959. This property is not for sale. Our records show that 501 Michigan Ave has 2 bedrooms, and 1 bathroom, and a total of 1,056 square feet. The lot size of 501 Michigan Ave is 8,015 square feet.

Off market
501 Michigan Ave Aurora, IL 60506
$68,419 Estimated Value
2 Beds
1 Baths
1,056 SqFt
Property Type
Residential General
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Property Details

Summary

  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1959
  • Open Loans / Balance: 1 / $30,089
  • Est. Equity / %: $229,911 / 88.43%
  • Gross Yield: 10.985%
  • APN: 15-16-251-018
  • Situs County: Kane

Rooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full Bathrooms: 1
  • Total Rooms: 5

Structure

  • Building Style: Frame
  • Stories: 1

Measurements

  • Total: 1,056/SqFt
  • Lot: 8,015/SqFt
  • Gross: 1,364/SqFt
  • Garage: 308/SqFt
  • Living: 1,056/SqFt
  • Building: 1,364/SqFt
  • Ground: 1,056/SqFt

Legal Description

  • Description: SUPVRS ASSMT PLAT OF : UNRECORDED PLAT OF BISHOP : PARK LOT 241 LOT DIMENSIONS: 68.5 X 117 APPROX LOT SQ FT 8015 SUBDIVISION: BISHOP PARK RANGE CODE: 001
Building Insights

Land Information

  • Property Type: Residential General
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Aurora West Unit School District 129
  • Lat / Lon: 41.77721 / -88.325745
  • Subdivision: Bishop Park
  • Property Class: Residential
  • County Use Code: 0040

Amenities

  • Plus Four: 2245
  • Garage: Attached Garage
  • Parking: 1

HOA

  • H O A One Type: Planned Unit Development

Ownership Info

501 Michigan Ave has no associated ownership info
501 Michigan Ave has no associated ownership info.

Taxes

501 Michigan Ave has 10 associated Taxes items

501 Michigan Ave, Aurora, IL pays taxes in Kane County, IL. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $68,419. The APN we've located for 501 Michigan Ave is 15-16-251-018.

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Taxes
  • Assessed Value:  $68,419
  • Assessed Year:  2025
  • Assessed County:  Kane
  • APN:  15-16-251-018
  • Assessed Land Value:  14505
  • Market Land Value:  43532
  • Tax Amount:  5081.78
  • Tax Year:  2025
  • Market Value:  205339
  • Market Year:  2025

Tax History

501 Michigan Ave has 13 associated Tax History items

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YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $68,419 Land Value $14,505 Improvement Value $53,914 Tax Amount $5,081.78 Change Rate Assessed CR Tax Rate +0.074274%
Year 2024 Assessed Value $62,546 Land Value $13,260 Improvement Value $49,286 Tax Amount Change Rate Assessed CR Tax Rate
Year 2023 Assessed Value $55,885 Land Value $11,848 Improvement Value $44,037 Tax Amount $4,786.76 Change Rate +0.060519% Assessed CR Tax Rate +0.085654%
Year 2022 Assessed Value $50,990 Land Value $10,810 Improvement Value $40,180 Tax Amount $4,513.6 Change Rate +0.040667% Assessed CR Tax Rate +0.088519%
Year 2021 Assessed Value $47,472 Land Value $10,064 Improvement Value $37,408 Tax Amount $4,337.22 Change Rate +0.060181% Assessed CR Tax Rate +0.091364%
Year 2020 Assessed Value $43,700 Land Value $9,348 Improvement Value $34,352 Tax Amount $4,091.02 Change Rate +0.027337% Assessed CR Tax Rate +0.093616%
Year 2019 Assessed Value $40,724 Land Value $8,661 Improvement Value $32,063 Tax Amount $3,982.16 Change Rate -0.004828% Assessed CR Tax Rate +0.097784%
Year 2018 Assessed Value $38,628 Land Value $8,011 Improvement Value $30,617 Tax Amount $4,001.48 Change Rate -0.99035% Assessed CR Tax Rate +0.10359%
Year 2017 Assessed Value $40,292 Land Value $7,381 Improvement Value $32,911 Tax Amount $414,673.69 Change Rate +110.0288% Assessed CR Tax Rate +10.291713%
Year 2016 Assessed Value $35,158 Land Value $6,327 Improvement Value $28,831 Tax Amount $3,734.83 Change Rate Assessed CR Tax Rate +0.10623%
Year 2015 Assessed Value $29,626 Land Value $5,441 Improvement Value $24,185 Tax Amount Change Rate Assessed CR Tax Rate
Year 2014 Assessed Value $27,599 Land Value $5,233 Improvement Value $22,366 Tax Amount Change Rate Assessed CR Tax Rate
Year 2013 Assessed Value $28,969 Land Value $5,158 Improvement Value $23,811 Tax Amount Change Rate Assessed CR Tax Rate
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