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406 Prospect St; Elgin, IL Property Details

406 Prospect 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 406 Prospect St has 8 bedrooms, and 4 bathrooms, and a total of 4,416 square feet. The lot size of 406 Prospect St is 20,914 square feet.

Off market
406 Prospect St Elgin, IL 60120
$462,500 Listing Price
8 Beds
4 Baths
4,416 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 2 / Related
  • Owner Status: Related
  • Year Built: 1900
  • Purchase Price: $462,500
  • Open Loans / Balance: 1 / $316,646
  • Est. Equity / %: $293,354 / 48.09%
  • Gross Yield: 7.686%
  • APN: 06-12-361-010
  • Situs County: Kane
  • Length Of Ownership: 4 years, 7 months

Rooms

  • Bedrooms: 8
  • Bathrooms: 4
  • Full Bathrooms: 4
  • Total Rooms: 18

Structure

  • Building Style: Frame
  • Stories: 2
  • Exterior Wall Type: Stucco
  • Sewer Type: Municipal
  • Water Source: Municipal

Measurements

  • Total: 4,416/SqFt
  • Lot: 20,914/SqFt
  • Gross: 5,535/SqFt
  • Living: 4,416/SqFt
  • Basement: 1,119/SqFt
  • Building: 5,535/SqFt
  • Price Per Square Foot: $104.73

Legal Description

  • Description: P J KIMBALL JRS 3RD ADDN EAST 7.5 RODS LOT 4 & SOUTH 37 FT EAST 7.5 RODS LOT 3 BLOCK 15
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: 42.045 / -88.27997
  • Subdivision: P J Kimball Jrs 3rd Addn
  • Property Class: Residential
  • County Use Code: 0040

Amenities

  • Plus Four: 3762
  • Garage: Garage
  • Heating: Gas

HOA

  • H O A One Type: Planned Unit Development

Ownership Info

406 Prospect St has no associated ownership info
406 Prospect St has no associated ownership info.

Taxes

406 Prospect St has 10 associated Taxes items

406 Prospect 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 $130,474. The APN we've located for 406 Prospect St is 06-12-361-010.

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Taxes
  • Assessed Value:  $130,474
  • Assessed Year:  2025
  • Assessed County:  Kane
  • APN:  06-12-361-010
  • Assessed Land Value:  20871
  • Market Land Value:  62638
  • Tax Amount:  9953.96
  • Tax Year:  2025
  • Market Value:  391579
  • Market Year:  2025

Tax History

406 Prospect St has 13 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $130,474 Land Value $20,871 Improvement Value $109,603 Tax Amount $9,953.96 Change Rate Assessed CR Tax Rate +0.076291%
Year 2024 Assessed Value $120,175 Land Value $19,224 Improvement Value $100,951 Tax Amount Change Rate Assessed CR Tax Rate
Year 2023 Assessed Value $108,569 Land Value $17,367 Improvement Value $91,202 Tax Amount $9,255 Change Rate +0.167302% Assessed CR Tax Rate +0.085245%
Year 2022 Assessed Value $91,436 Land Value $15,836 Improvement Value $75,600 Tax Amount $7,928.54 Change Rate +0.039549% Assessed CR Tax Rate +0.086711%
Year 2021 Assessed Value $85,487 Land Value $14,806 Improvement Value $70,681 Tax Amount $7,626.9 Change Rate +0.024677% Assessed CR Tax Rate +0.089217%
Year 2020 Assessed Value $81,611 Land Value $14,135 Improvement Value $67,476 Tax Amount $7,443.22 Change Rate +0.025155% Assessed CR Tax Rate +0.091204%
Year 2019 Assessed Value $77,739 Land Value $13,464 Improvement Value $64,275 Tax Amount $7,260.58 Change Rate -0.01989% Assessed CR Tax Rate +0.093397%
Year 2018 Assessed Value $73,235 Land Value $12,684 Improvement Value $60,551 Tax Amount $7,407.92 Change Rate -0.990221% Assessed CR Tax Rate +0.101153%
Year 2017 Assessed Value $73,652 Land Value $12,756 Improvement Value $60,896 Tax Amount $757,537.69 Change Rate +102.95328% Assessed CR Tax Rate +10.285365%
Year 2016 Assessed Value $68,329 Land Value $11,834 Improvement Value $56,495 Tax Amount $7,287.29 Change Rate Assessed CR Tax Rate +0.10665%
Year 2015 Assessed Value $62,630 Land Value $10,847 Improvement Value $51,783 Tax Amount Change Rate Assessed CR Tax Rate
Year 2014 Assessed Value $61,857 Land Value $10,713 Improvement Value $51,144 Tax Amount Change Rate Assessed CR Tax Rate
Year 2013 Assessed Value $63,489 Land Value $10,996 Improvement Value $52,493 Tax Amount Change Rate Assessed CR Tax Rate