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307 N Commonwealth Ave; Elgin, IL Property Details

307 N Commonwealth Ave, Elgin, IL is a Single Family that was built in 1955. This property is currently Financed and is not for sale. Our records show that 307 N Commonwealth Ave has 2 bedrooms, and 2 bathrooms, and a total of 1,024 square feet. The lot size of 307 N Commonwealth Ave is 6,996 square feet.

Off market  •   Bankruptcy ✓
307 N Commonwealth Ave Elgin, IL 60123
$174,500 Listing Price
2 Beds
2 Baths
1,024 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1955
  • Purchase Price: $174,500
  • Open Loans / Balance: 2 / $180,626
  • Est. Equity / %: $118,374 / 39.59%
  • Gross Yield: 8.127%
  • APN: 06-14-108-008
  • Situs County: Kane
  • Length Of Ownership: 9 years

Rooms

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

Structure

  • Stories: 1
  • Exterior Wall Type: Brick
  • Sewer Type: Municipal
  • Water Source: Municipal

Measurements

  • Total: 1,024/SqFt
  • Lot: 6,996/SqFt
  • Gross: 2,048/SqFt
  • Living: 1,024/SqFt
  • Basement: 1,024/SqFt
  • Building: 2,048/SqFt
  • Ground: 1,024/SqFt
  • Price Per Square Foot: $170.41

Legal Description

  • Description: EDWARD J OBEIRNES SUB LOT 9 BLOCK 3
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: School District U-46
  • Lat / Lon: 42.04063 / -88.30017
  • Subdivision: Edward J Obeirnes Sub
  • Property Class: Residential
  • County Use Code: 0040

Amenities

  • Plus Four: 3415
  • Fireplaces: 1
  • Garage: Attached Garage
  • Heating: Gas
  • Parking: 1

HOA

  • H O A One Type: Planned Unit Development

Ownership Info

307 N Commonwealth Ave has no associated ownership info
307 N Commonwealth Ave has no associated ownership info.

Taxes

307 N Commonwealth Ave has 10 associated Taxes items

307 N Commonwealth Ave, 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 $73,332. The APN we've located for 307 N Commonwealth Ave is 06-14-108-008.

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Taxes
  • Assessed Value:  $73,332
  • Assessed Year:  2025
  • Assessed County:  Kane
  • APN:  06-14-108-008
  • Assessed Land Value:  22375
  • Market Land Value:  67152
  • Tax Amount:  4984.22
  • Tax Year:  2025
  • Market Value:  220084
  • Market Year:  2025

Tax History

307 N Commonwealth Ave has 13 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $73,332 Land Value $22,375 Improvement Value $50,957 Tax Amount $4,984.22 Change Rate Assessed CR Tax Rate +0.067968%
Year 2024 Assessed Value $67,544 Land Value $20,609 Improvement Value $46,935 Tax Amount Change Rate Assessed CR Tax Rate
Year 2023 Assessed Value $61,021 Land Value $18,619 Improvement Value $42,402 Tax Amount $4,519.8 Change Rate +0.050052% Assessed CR Tax Rate +0.07407%
Year 2022 Assessed Value $55,640 Land Value $16,977 Improvement Value $38,663 Tax Amount $4,304.36 Change Rate +0.048391% Assessed CR Tax Rate +0.077361%
Year 2021 Assessed Value $52,019 Land Value $15,872 Improvement Value $36,147 Tax Amount $4,105.68 Change Rate +0.03107% Assessed CR Tax Rate +0.078927%
Year 2020 Assessed Value $49,660 Land Value $15,152 Improvement Value $34,508 Tax Amount $3,981.96 Change Rate +0.032222% Assessed CR Tax Rate +0.080184%
Year 2019 Assessed Value $47,304 Land Value $14,433 Improvement Value $32,871 Tax Amount $3,857.66 Change Rate +0.029006% Assessed CR Tax Rate +0.08155%
Year 2018 Assessed Value $41,260 Land Value $13,597 Improvement Value $27,663 Tax Amount $3,748.92 Change Rate -0.990655% Assessed CR Tax Rate +0.090861%
Year 2017 Assessed Value $39,005 Land Value $12,854 Improvement Value $26,151 Tax Amount $401,180.66 Change Rate +102.95328% Assessed CR Tax Rate +10.285365%
Year 2016 Assessed Value $36,186 Land Value $11,925 Improvement Value $24,261 Tax Amount $3,859.24 Change Rate Assessed CR Tax Rate +0.10665%
Year 2015 Assessed Value $33,167 Land Value $10,930 Improvement Value $22,237 Tax Amount Change Rate Assessed CR Tax Rate
Year 2014 Assessed Value $32,757 Land Value $10,795 Improvement Value $21,962 Tax Amount Change Rate Assessed CR Tax Rate
Year 2013 Assessed Value $33,621 Land Value $11,080 Improvement Value $22,541 Tax Amount Change Rate Assessed CR Tax Rate