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506 Preston Ave; Elgin, IL Property Details

506 Preston Ave, Elgin, IL is a Single Family that was built in 1936. This property is currently Financed and is not for sale. Our records show that 506 Preston Ave has 3 bedrooms, and 2 bathrooms, and a total of 1,505 square feet. The lot size of 506 Preston Ave is 6,006 square feet.

Off market
506 Preston Ave Elgin, IL 60120
$270,000 Listing Price
3 Beds
2 Baths
1,505 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 2 / Related
  • Owner Status: Related
  • Year Built: 1936
  • Purchase Price: $270,000
  • Open Loans / Balance: 1 / $234,971
  • Est. Equity / %: $99,029 / 29.65%
  • Gross Yield: 8.12%
  • APN: 06-12-478-023
  • Situs County: Kane
  • Length Of Ownership: 4 years, 5 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full Bathrooms: 2
  • Total Rooms: 7

Structure

  • Building Style: Frame
  • Stories: 5
  • Sewer Type: Municipal
  • Water Source: Municipal

Measurements

  • Total: 1,505/SqFt
  • Lot: 6,006/SqFt
  • Gross: 2,555/SqFt
  • Living: 1,505/SqFt
  • Basement: 1,050/SqFt
  • Building: 2,555/SqFt
  • Price Per Square Foot: $179.40

Legal Description

  • Description: JOHN GOLLS SUB LOT 4
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: 42.046593 / -88.265755
  • Subdivision: John Golls Sub
  • Property Class: Residential
  • County Use Code: 0040

Amenities

  • Plus Four: 3941
  • Cooling: Yes
  • Fireplaces: 1
  • Garage: Detached Garage
  • Parking: 1

HOA

  • H O A One Type: Planned Unit Development

Ownership Info

506 Preston Ave has no associated ownership info
506 Preston Ave has no associated ownership info.

Taxes

506 Preston Ave has 10 associated Taxes items

506 Preston 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 $86,199. The APN we've located for 506 Preston Ave is 06-12-478-023.

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Taxes
  • Assessed Value:  $86,199
  • Assessed Year:  2025
  • Assessed County:  Kane
  • APN:  06-12-478-023
  • Assessed Land Value:  15949
  • Market Land Value:  47866
  • Tax Amount:  5965.86
  • Tax Year:  2025
  • Market Value:  258700
  • Market Year:  2025

Tax History

506 Preston Ave has 13 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $86,199 Land Value $15,949 Improvement Value $70,250 Tax Amount $5,965.86 Change Rate Assessed CR Tax Rate +0.06921%
Year 2024 Assessed Value $79,395 Land Value $14,690 Improvement Value $64,705 Tax Amount Change Rate Assessed CR Tax Rate
Year 2023 Assessed Value $71,727 Land Value $13,271 Improvement Value $58,456 Tax Amount $5,432.42 Change Rate +0.05465% Assessed CR Tax Rate +0.075737%
Year 2022 Assessed Value $65,403 Land Value $12,101 Improvement Value $53,302 Tax Amount $5,150.92 Change Rate +0.046905% Assessed CR Tax Rate +0.078757%
Year 2021 Assessed Value $61,148 Land Value $11,314 Improvement Value $49,834 Tax Amount $4,920.14 Change Rate +0.076565% Assessed CR Tax Rate +0.080463%
Year 2020 Assessed Value $56,110 Land Value $10,801 Improvement Value $45,309 Tax Amount $4,570.22 Change Rate +0.031285% Assessed CR Tax Rate +0.081451%
Year 2019 Assessed Value $53,449 Land Value $10,289 Improvement Value $43,160 Tax Amount $4,431.58 Change Rate +0.070068% Assessed CR Tax Rate +0.082912%
Year 2018 Assessed Value $48,410 Land Value $9,693 Improvement Value $38,717 Tax Amount $4,141.4 Change Rate -0.989874% Assessed CR Tax Rate +0.085548%
Year 2017 Assessed Value $45,764 Land Value $9,163 Improvement Value $36,601 Tax Amount $408,987.25 Change Rate +89.32324% Assessed CR Tax Rate +8.936877%
Year 2016 Assessed Value $42,457 Land Value $8,501 Improvement Value $33,956 Tax Amount $4,528.04 Change Rate Assessed CR Tax Rate +0.10665%
Year 2015 Assessed Value $38,916 Land Value $7,792 Improvement Value $31,124 Tax Amount Change Rate Assessed CR Tax Rate
Year 2014 Assessed Value $38,436 Land Value $7,696 Improvement Value $30,740 Tax Amount Change Rate Assessed CR Tax Rate
Year 2013 Assessed Value $45,018 Land Value $7,899 Improvement Value $37,119 Tax Amount Change Rate Assessed CR Tax Rate