Large Location Icon

248 Michigan St; Elgin, IL Property Details

248 Michigan St, Elgin, IL is a Residential General that was built in 1900. This property is currently Financed and is not for sale. Our records show that 248 Michigan St has 4 bedrooms, and 1 bathroom, and a total of 540 square feet. The lot size of 248 Michigan St is 2,178 square feet.

Off market
248 Michigan St Elgin, IL 60120
$181,000 Listing Price
4 Beds
1 Baths
540 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1900
  • Purchase Price: $181,000
  • Open Loans / Balance: 2 / $179,597
  • Est. Equity / %: $60,403 / 25.17%
  • Gross Yield: 18.45%
  • APN: 06-13-379-011
  • Situs County: Kane
  • Length Of Ownership: 3 years, 7 months

Rooms

  • Bedrooms: 4
  • Bathrooms: 1
  • Full Bathrooms: 1
  • Total Rooms: 7

Structure

  • Building Style: Frame
  • Stories: 1
  • Sewer Type: Municipal
  • Water Source: Municipal

Measurements

  • Total: 540/SqFt
  • Lot: 2,178/SqFt
  • Gross: 1,080/SqFt
  • Living: 540/SqFt
  • Basement: 540/SqFt
  • Building: 1,080/SqFt
  • Ground: 540/SqFt
  • Price Per Square Foot: $335.19

Legal Description

  • Description: RAILROAD ADDN NORTHERLY 30 FT SOUTHERLY 59 FT LYING EAST OF ROW OF C & NORTHWEST RR LOT 11 BLOCK 2
Building Insights

Land Information

  • Property Type: Residential General
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: School District U-46
  • Lat / Lon: 42.032158 / -88.27752
  • Subdivision: Railroad Addn
  • Property Class: Residential
  • County Use Code: 0040

Amenities

  • Plus Four: 6532
  • Cooling: None

Ownership Info

248 Michigan St has no associated ownership info
248 Michigan St has no associated ownership info.

Taxes

248 Michigan St has 10 associated Taxes items

248 Michigan St, Elgin, 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 $35,257. The APN we've located for 248 Michigan St is 06-13-379-011.

Unlock the full report
Taxes
  • Assessed Value:  $35,257
  • Assessed Year:  2025
  • Assessed County:  Kane
  • APN:  06-13-379-011
  • Assessed Land Value:  6816
  • Market Land Value:  20456
  • Tax Amount:  2689.78
  • Tax Year:  2025
  • Market Value:  105813
  • Market Year:  2025

Tax History

248 Michigan St has 13 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $35,257 Land Value $6,816 Improvement Value $28,441 Tax Amount $2,689.78 Change Rate Assessed CR Tax Rate +0.076291%
Year 2024 Assessed Value $32,474 Land Value $6,278 Improvement Value $26,196 Tax Amount Change Rate Assessed CR Tax Rate
Year 2023 Assessed Value $29,338 Land Value $5,672 Improvement Value $23,666 Tax Amount $2,500.92 Change Rate +0.078159% Assessed CR Tax Rate +0.085245%
Year 2022 Assessed Value $26,751 Land Value $5,172 Improvement Value $21,579 Tax Amount $2,319.62 Change Rate +0.039573% Assessed CR Tax Rate +0.086712%
Year 2021 Assessed Value $25,010 Land Value $4,835 Improvement Value $20,175 Tax Amount $2,231.32 Change Rate +0.024679% Assessed CR Tax Rate +0.089217%
Year 2020 Assessed Value $23,876 Land Value $4,616 Improvement Value $19,260 Tax Amount $2,177.58 Change Rate +0.025168% Assessed CR Tax Rate +0.091204%
Year 2019 Assessed Value $22,743 Land Value $4,397 Improvement Value $18,346 Tax Amount $2,124.12 Change Rate +0.186136% Assessed CR Tax Rate +0.093397%
Year 2018 Assessed Value $18,264 Land Value $4,142 Improvement Value $14,122 Tax Amount $1,790.79 Change Rate -0.989916% Assessed CR Tax Rate +0.09805%
Year 2017 Assessed Value $17,266 Land Value $3,916 Improvement Value $13,350 Tax Amount $177,587.11 Change Rate +102.95424% Assessed CR Tax Rate +10.285365%
Year 2016 Assessed Value $16,018 Land Value $3,633 Improvement Value $12,385 Tax Amount $1,708.32 Change Rate Assessed CR Tax Rate +0.10665%
Year 2015 Assessed Value $14,682 Land Value $3,330 Improvement Value $11,352 Tax Amount Change Rate Assessed CR Tax Rate
Year 2014 Assessed Value $14,501 Land Value $3,289 Improvement Value $11,212 Tax Amount Change Rate Assessed CR Tax Rate
Year 2013 Assessed Value $16,915 Land Value $3,376 Improvement Value $13,539 Tax Amount Change Rate Assessed CR Tax Rate