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531 N May St; Aurora, IL Property Details

531 N May St, Aurora, IL is a Residential General that was built in 1927. This property is currently Cash Purchase,Bank Sale and is not for sale. Our records show that 531 N May St has 3 bedrooms, and 1 bathroom, and a total of 1,008 square feet. The lot size of 531 N May St is 6,270 square feet.

Off market
531 N May St Aurora, IL 60506
$62,024 Estimated Value
3 Beds
1 Baths
1,008 SqFt
Property Type
Residential General
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Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 2 / Trust
  • Owner Status: Trust
  • Year Built: 1927
  • Purchase Price: $16,000
  • Est. Equity / %: $224,000 / 100%
  • Gross Yield: 12.193%
  • APN: 15-16-453-019
  • Situs County: Kane
  • Length Of Ownership: 25 years, 8 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 1
  • Full Bathrooms: 1
  • Total Rooms: 6

Structure

  • Building Style: Frame
  • Stories: 1

Measurements

  • Total: 1,008/SqFt
  • Lot: 6,270/SqFt
  • Gross: 2,148/SqFt
  • Living: 1,008/SqFt
  • Basement: 1,008/SqFt
  • Building: 2,016/SqFt
  • Ground: 1,008/SqFt
  • Price Per Square Foot: $15.87

Legal Description

  • Description: MAY PLACE ADDN : N 38 FT LOT 33 BLK 1 LOT DIMENSIONS: 38 X 165 APPROX LOT SQ FT 6270 SUBDIVISION: SECTION 16 - SE 1/4 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: 41.76815 / -88.32663
  • Subdivision: May Place Addn
  • Property Class: Residential
  • County Use Code: 0040

Amenities

  • Plus Four: 2945

HOA

  • H O A One Type: Planned Unit Development

Ownership Info

531 N May St has no associated ownership info
531 N May St has no associated ownership info.

Taxes

531 N May St has 10 associated Taxes items

531 N May St, 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 $62,024. The APN we've located for 531 N May St is 15-16-453-019.

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Taxes
  • Assessed Value:  $62,024
  • Assessed Year:  2025
  • Assessed County:  Kane
  • APN:  15-16-453-019
  • Assessed Land Value:  8702
  • Market Land Value:  26116
  • Tax Amount:  4606.8
  • Tax Year:  2025
  • Market Value:  186146
  • Market Year:  2025

Tax History

531 N May St has 13 associated Tax History items

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YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $62,024 Land Value $8,702 Improvement Value $53,322 Tax Amount $4,606.8 Change Rate Assessed CR Tax Rate +0.074274%
Year 2024 Assessed Value $56,700 Land Value $7,955 Improvement Value $48,745 Tax Amount Change Rate Assessed CR Tax Rate
Year 2023 Assessed Value $48,736 Land Value $7,108 Improvement Value $41,628 Tax Amount $4,174.42 Change Rate +0.103142% Assessed CR Tax Rate +0.085654%
Year 2022 Assessed Value $42,749 Land Value $6,485 Improvement Value $36,264 Tax Amount $3,784.12 Change Rate +0.158194% Assessed CR Tax Rate +0.088519%
Year 2021 Assessed Value $35,761 Land Value $6,038 Improvement Value $29,723 Tax Amount $3,267.26 Change Rate +0.050715% Assessed CR Tax Rate +0.091364%
Year 2020 Assessed Value $33,216 Land Value $5,608 Improvement Value $27,608 Tax Amount $3,109.56 Change Rate +0.033282% Assessed CR Tax Rate +0.093616%
Year 2019 Assessed Value $30,776 Land Value $5,196 Improvement Value $25,580 Tax Amount $3,009.4 Change Rate +0.221769% Assessed CR Tax Rate +0.097784%
Year 2018 Assessed Value $26,083 Land Value $4,806 Improvement Value $21,277 Tax Amount $2,463.15 Change Rate -0.989394% Assessed CR Tax Rate +0.094435%
Year 2017 Assessed Value $22,566 Land Value $4,428 Improvement Value $18,138 Tax Amount $232,242.8 Change Rate +102.656685% Assessed CR Tax Rate +10.291713%
Year 2016 Assessed Value $21,091 Land Value $3,796 Improvement Value $17,295 Tax Amount $2,240.5 Change Rate Assessed CR Tax Rate +0.10623%
Year 2015 Assessed Value $17,828 Land Value $3,264 Improvement Value $14,564 Tax Amount Change Rate Assessed CR Tax Rate
Year 2014 Assessed Value $16,370 Land Value $3,140 Improvement Value $13,230 Tax Amount Change Rate Assessed CR Tax Rate
Year 2013 Assessed Value $21,506 Land Value $3,095 Improvement Value $18,411 Tax Amount Change Rate Assessed CR Tax Rate
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