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514 Prospect St; Elgin, IL Property Details

514 Prospect St, Elgin, IL is a Single Family that was built in 1900. This property is currently Cash Purchase,Bank Sale and is not for sale. Our records show that 514 Prospect St has 4 bedrooms, and 2 bathrooms, and a total of 1,904 square feet. The lot size of 514 Prospect St is 7,920 square feet.

Off market
514 Prospect St Elgin, IL 60120
$93,338 Estimated Value
4 Beds
2 Baths
1,904 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1900
  • Purchase Price: $70,000
  • Open Loans / Balance: 1 / $58,799
  • Est. Equity / %: $303,201 / 83.76%
  • Gross Yield: 8.519%
  • APN: 06-12-355-006
  • Situs County: Kane
  • Length Of Ownership: 17 years, 1 months

Rooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full Bathrooms: 2
  • Total Rooms: 10

Structure

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

Measurements

  • Total: 1,904/SqFt
  • Lot: 7,920/SqFt
  • Gross: 2,856/SqFt
  • Living: 1,904/SqFt
  • Basement: 952/SqFt
  • Building: 2,856/SqFt
  • Price Per Square Foot: $36.76

Legal Description

  • Description: WM H WILCOXS SUB BLOCK 30 OF P J KIMBALL JRS 3RD ADDN NORTH 60 FT LOT 7
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: 42.046955 / -88.27993
  • Subdivision: Wm H Wilcoxs Sub
  • Property Class: Residential
  • County Use Code: 0040

Amenities

  • Plus Four: 3729
  • Cooling: None
  • Garage: Detached Garage
  • Parking: 2

Ownership Info

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

Taxes

514 Prospect St has 10 associated Taxes items

514 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 $93,338. The APN we've located for 514 Prospect St is 06-12-355-006.

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Taxes
  • Assessed Value:  $93,338
  • Assessed Year:  2025
  • Assessed County:  Kane
  • APN:  06-12-355-006
  • Assessed Land Value:  17245
  • Market Land Value:  51756
  • Tax Amount:  6510.5
  • Tax Year:  2025
  • Market Value:  280126
  • Market Year:  2025

Tax History

514 Prospect St has 13 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $93,338 Land Value $17,245 Improvement Value $76,093 Tax Amount $6,510.5 Change Rate Assessed CR Tax Rate +0.069752%
Year 2024 Assessed Value $85,971 Land Value $15,884 Improvement Value $70,087 Tax Amount Change Rate Assessed CR Tax Rate
Year 2023 Assessed Value $77,668 Land Value $14,350 Improvement Value $63,318 Tax Amount $5,938.86 Change Rate +0.05662% Assessed CR Tax Rate +0.076465%
Year 2022 Assessed Value $70,820 Land Value $13,085 Improvement Value $57,735 Tax Amount $5,620.62 Change Rate +0.046292% Assessed CR Tax Rate +0.079365%
Year 2021 Assessed Value $66,212 Land Value $12,234 Improvement Value $53,978 Tax Amount $5,371.94 Change Rate +0.075709% Assessed CR Tax Rate +0.081132%
Year 2020 Assessed Value $60,755 Land Value $11,679 Improvement Value $49,076 Tax Amount $4,993.86 Change Rate +0.030771% Assessed CR Tax Rate +0.082197%
Year 2019 Assessed Value $57,873 Land Value $11,125 Improvement Value $46,748 Tax Amount $4,844.78 Change Rate +0.11114% Assessed CR Tax Rate +0.083714%
Year 2018 Assessed Value $50,641 Land Value $10,480 Improvement Value $40,161 Tax Amount $4,360.19 Change Rate -0.989876% Assessed CR Tax Rate +0.0861%
Year 2017 Assessed Value $47,874 Land Value $9,907 Improvement Value $37,967 Tax Amount $430,689.38 Change Rate +89.92508% Assessed CR Tax Rate +8.996311%
Year 2016 Assessed Value $44,414 Land Value $9,191 Improvement Value $35,223 Tax Amount $4,736.75 Change Rate Assessed CR Tax Rate +0.10665%
Year 2015 Assessed Value $40,709 Land Value $8,424 Improvement Value $32,285 Tax Amount Change Rate Assessed CR Tax Rate
Year 2014 Assessed Value $40,206 Land Value $8,320 Improvement Value $31,886 Tax Amount Change Rate Assessed CR Tax Rate
Year 2013 Assessed Value $47,041 Land Value $8,539 Improvement Value $38,502 Tax Amount Change Rate Assessed CR Tax Rate