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316 Illinois Ave; Elgin, IL Property Details

316 Illinois Ave, Elgin, IL is a Single Family that was built in 1963. This property is currently a cash purchase and is not for sale. Our records show that 316 Illinois Ave has 2 bedrooms, and 1 bathroom, and a total of 720 square feet. The lot size of 316 Illinois Ave is 5,663 square feet.

Off market
316 Illinois Ave Elgin, IL 60120
$250,500 Listing Price
2 Beds
1 Baths
720 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 2 / Related
  • Owner Status: Related
  • Year Built: 1963
  • Purchase Price: $250,500
  • Est. Equity / %: $260,000 / 100%
  • Gross Yield: 10.103%
  • APN: 06-13-478-014
  • Situs County: Kane
  • Length Of Ownership: 1 year

Rooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full Bathrooms: 1
  • Total Rooms: 4

Structure

  • Building Style: Frame
  • Stories: 1

Measurements

  • Total: 720/SqFt
  • Lot: 5,663/SqFt
  • Gross: 1,440/SqFt
  • Living: 720/SqFt
  • Basement: 720/SqFt
  • Building: 1,440/SqFt
  • Ground: 720/SqFt
  • Price Per Square Foot: $347.92

Legal Description

  • Description: EDWARD C LOVELLS ADDN LOT 14 BLOCK 2
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: 42.031193 / -88.26595
  • Subdivision: Edward C Lovells Addn
  • Property Class: Residential
  • County Use Code: 0040

Amenities

  • Plus Four: 6734
  • Garage: Detached Garage
  • Parking: 1

HOA

  • H O A One Type: Planned Unit Development

Ownership Info

316 Illinois Ave has no associated ownership info
316 Illinois Ave has no associated ownership info.

Taxes

316 Illinois Ave has 10 associated Taxes items

316 Illinois 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 $53,950. The APN we've located for 316 Illinois Ave is 06-13-478-014.

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Taxes
  • Assessed Value:  $53,950
  • Assessed Year:  2025
  • Assessed County:  Kane
  • APN:  06-13-478-014
  • Assessed Land Value:  11362
  • Market Land Value:  34100
  • Tax Amount:  1281.76
  • Tax Year:  2025
  • Market Value:  161915
  • Market Year:  2025

Tax History

316 Illinois Ave has 13 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $53,950 Land Value $11,362 Improvement Value $42,588 Tax Amount $1,281.76 Change Rate Assessed CR Tax Rate +0.023758%
Year 2024 Assessed Value $49,691 Land Value $10,465 Improvement Value $39,226 Tax Amount Change Rate Assessed CR Tax Rate
Year 2023 Assessed Value $44,892 Land Value $9,454 Improvement Value $35,438 Tax Amount $1,432.2 Change Rate -0.242383% Assessed CR Tax Rate +0.031903%
Year 2022 Assessed Value $40,933 Land Value $8,620 Improvement Value $32,313 Tax Amount $1,890.4 Change Rate -0.028082% Assessed CR Tax Rate +0.046183%
Year 2021 Assessed Value $38,269 Land Value $8,059 Improvement Value $30,210 Tax Amount $1,945.02 Change Rate -0.021787% Assessed CR Tax Rate +0.050825%
Year 2020 Assessed Value $36,534 Land Value $7,694 Improvement Value $28,840 Tax Amount $1,988.34 Change Rate -0.205662% Assessed CR Tax Rate +0.054424%
Year 2019 Assessed Value $34,801 Land Value $7,329 Improvement Value $27,472 Tax Amount $2,503.14 Change Rate +0.091354% Assessed CR Tax Rate +0.071927%
Year 2018 Assessed Value $29,564 Land Value $6,904 Improvement Value $22,660 Tax Amount $2,293.61 Change Rate -0.98984% Assessed CR Tax Rate +0.077581%
Year 2017 Assessed Value $27,949 Land Value $6,527 Improvement Value $21,422 Tax Amount $225,753.48 Change Rate +80.637085% Assessed CR Tax Rate +8.077337%
Year 2016 Assessed Value $25,929 Land Value $6,055 Improvement Value $19,874 Tax Amount $2,765.33 Change Rate Assessed CR Tax Rate +0.10665%
Year 2015 Assessed Value $23,766 Land Value $5,550 Improvement Value $18,216 Tax Amount Change Rate Assessed CR Tax Rate
Year 2014 Assessed Value $23,472 Land Value $5,481 Improvement Value $17,991 Tax Amount Change Rate Assessed CR Tax Rate
Year 2013 Assessed Value $27,351 Land Value $5,626 Improvement Value $21,725 Tax Amount Change Rate Assessed CR Tax Rate