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314 Summit St; Elgin, IL Property Details

314 Summit St, Elgin, IL is a Single Family that was built in 1890. This property is currently Financed and is not for sale. Our records show that 314 Summit St has 3 bedrooms, and 1.5 bathrooms, and a total of 1,276 square feet. The lot size of 314 Summit St is 8,712 square feet.

Off market
314 Summit St Elgin, IL 60120
$15,000 Listing Price
3 Beds
1.5 Baths
1,276 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1890
  • Purchase Price: $15,000
  • Open Loans / Balance: 1 / $116,866
  • Est. Equity / %: $147,134 / 55.73%
  • Gross Yield: 10.877%
  • APN: 06-12-356-008
  • Situs County: Kane
  • Length Of Ownership: 8 years, 8 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 1.5
  • Full Bathrooms: 1
  • Total Rooms: 6
  • Partial Bathrooms: 1

Structure

  • Building Style: Frame
  • Stories: 2
  • Exterior Wall Type: Siding (Alum/Vinyl)
  • Sewer Type: Storm
  • Water Source: Municipal

Measurements

  • Total: 1,276/SqFt
  • Lot: 8,712/SqFt
  • Gross: 1,956/SqFt
  • Living: 1,276/SqFt
  • Basement: 680/SqFt
  • Building: 1,956/SqFt
  • Price Per Square Foot: $11.76

Legal Description

  • Description: JOHN WAITS SUB BLOCK 27 P J KIMBALL JRS 3RD ADDN LOT 8 BLOCK 27
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: 42.046555 / -88.27894
  • Subdivision: John Waits Sub
  • Property Class: Residential
  • County Use Code: 0040

Amenities

  • Plus Four: 3759
  • Cooling: Yes
  • Garage: Detached Garage
  • Parking: 2

Ownership Info

314 Summit St has no associated ownership info
314 Summit St has no associated ownership info.

Taxes

314 Summit St has 10 associated Taxes items

314 Summit 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 $79,601. The APN we've located for 314 Summit St is 06-12-356-008.

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Taxes
  • Assessed Value:  $79,601
  • Assessed Year:  2025
  • Assessed County:  Kane
  • APN:  06-12-356-008
  • Assessed Land Value:  18976
  • Market Land Value:  56951
  • Tax Amount:  5462.5
  • Tax Year:  2025
  • Market Value:  238899
  • Market Year:  2025

Tax History

314 Summit St has 13 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $79,601 Land Value $18,976 Improvement Value $60,625 Tax Amount $5,462.5 Change Rate Assessed CR Tax Rate +0.068624%
Year 2024 Assessed Value $73,318 Land Value $17,478 Improvement Value $55,840 Tax Amount Change Rate Assessed CR Tax Rate
Year 2023 Assessed Value $66,237 Land Value $15,790 Improvement Value $50,447 Tax Amount $4,964.42 Change Rate +0.052489% Assessed CR Tax Rate +0.074949%
Year 2022 Assessed Value $60,397 Land Value $14,398 Improvement Value $45,999 Tax Amount $4,716.84 Change Rate +0.0476% Assessed CR Tax Rate +0.078097%
Year 2021 Assessed Value $56,467 Land Value $13,461 Improvement Value $43,006 Tax Amount $4,502.52 Change Rate +0.074336% Assessed CR Tax Rate +0.079737%
Year 2020 Assessed Value $51,952 Land Value $12,851 Improvement Value $39,101 Tax Amount $4,190.98 Change Rate +0.03187% Assessed CR Tax Rate +0.08067%
Year 2019 Assessed Value $49,487 Land Value $12,241 Improvement Value $37,246 Tax Amount $4,061.54 Change Rate +0.175218% Assessed CR Tax Rate +0.082073%
Year 2018 Assessed Value $38,272 Land Value $11,532 Improvement Value $26,740 Tax Amount $3,455.99 Change Rate -0.990713% Assessed CR Tax Rate +0.090301%
Year 2017 Assessed Value $36,181 Land Value $10,902 Improvement Value $25,279 Tax Amount $372,134.78 Change Rate +102.95378% Assessed CR Tax Rate +10.285365%
Year 2016 Assessed Value $33,566 Land Value $10,114 Improvement Value $23,452 Tax Amount $3,579.81 Change Rate Assessed CR Tax Rate +0.10665%
Year 2015 Assessed Value $30,766 Land Value $9,270 Improvement Value $21,496 Tax Amount Change Rate Assessed CR Tax Rate
Year 2014 Assessed Value $30,387 Land Value $9,156 Improvement Value $21,231 Tax Amount Change Rate Assessed CR Tax Rate
Year 2013 Assessed Value $35,035 Land Value $9,398 Improvement Value $25,637 Tax Amount Change Rate Assessed CR Tax Rate