Large Location Icon

515 Illinois Ave; Elgin, IL Property Details

515 Illinois Ave, Elgin, IL is a Single Family that was built in 1954. This property is currently Financed and is not for sale. Our records show that 515 Illinois Ave has 4 bedrooms, and 2.5 bathrooms, and a total of 1,248 square feet. The lot size of 515 Illinois Ave is 7,409 square feet.

Off market
515 Illinois Ave Elgin, IL 60120
$332,500 Listing Price
4 Beds
2.5 Baths
1,248 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 2 / Related
  • Owner Status: Related
  • Year Built: 1954
  • Purchase Price: $332,500
  • Open Loans / Balance: 1 / $322,219
  • Est. Equity / %: $1,781 / 0.55%
  • Gross Yield: 7.989%
  • APN: 06-24-278-003
  • Situs County: Kane
  • Length Of Ownership: 1 months

Rooms

  • Bedrooms: 4
  • Bathrooms: 2.5
  • Full Bathrooms: 2
  • Total Rooms: 6
  • Partial Bathrooms: 1

Structure

  • Building Style: Frame
  • Stories: 5

Measurements

  • Total: 1,248/SqFt
  • Lot: 7,409/SqFt
  • Gross: 2,080/SqFt
  • Living: 1,248/SqFt
  • Basement: 832/SqFt
  • Building: 2,080/SqFt
  • Price Per Square Foot: $266.43

Legal Description

  • Description: J & L VAN NOSTRANDS ADDN LOT 3 BLOCK 3
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: 42.026253 / -88.265526
  • Subdivision: J&L Van Nostrands Addn
  • Property Class: Residential
  • County Use Code: 0040

Amenities

  • Plus Four: 7914
  • Cooling: Yes
  • Garage: Detached Garage
  • Parking: 2

HOA

  • H O A One Type: Planned Unit Development

Ownership Info

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

Taxes

515 Illinois Ave has 10 associated Taxes items

515 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 $92,210. The APN we've located for 515 Illinois Ave is 06-24-278-003.

Unlock the full report
Taxes
  • Assessed Value:  $92,210
  • Assessed Year:  2025
  • Assessed County:  Kane
  • APN:  06-24-278-003
  • Assessed Land Value:  16038
  • Market Land Value:  48133
  • Tax Amount:  6424.44
  • Tax Year:  2025
  • Market Value:  276741
  • Market Year:  2025

Tax History

515 Illinois Ave has 13 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $92,210 Land Value $16,038 Improvement Value $76,172 Tax Amount $6,424.44 Change Rate Assessed CR Tax Rate +0.069672%
Year 2024 Assessed Value $84,931 Land Value $14,772 Improvement Value $70,159 Tax Amount Change Rate Assessed CR Tax Rate
Year 2023 Assessed Value $76,728 Land Value $13,345 Improvement Value $63,383 Tax Amount $5,858.74 Change Rate +0.056348% Assessed CR Tax Rate +0.076357%
Year 2022 Assessed Value $69,962 Land Value $12,168 Improvement Value $57,794 Tax Amount $5,546.22 Change Rate +0.046397% Assessed CR Tax Rate +0.079275%
Year 2021 Assessed Value $65,409 Land Value $11,376 Improvement Value $54,033 Tax Amount $5,300.3 Change Rate +0.076465% Assessed CR Tax Rate +0.081033%
Year 2020 Assessed Value $59,987 Land Value $10,860 Improvement Value $49,127 Tax Amount $4,923.8 Change Rate +0.030838% Assessed CR Tax Rate +0.082081%
Year 2019 Assessed Value $57,142 Land Value $10,345 Improvement Value $46,797 Tax Amount $4,776.5 Change Rate +0.252711% Assessed CR Tax Rate +0.08359%
Year 2018 Assessed Value $45,060 Land Value $9,746 Improvement Value $35,314 Tax Amount $3,812.93 Change Rate -0.98987% Assessed CR Tax Rate +0.084619%
Year 2017 Assessed Value $42,597 Land Value $9,213 Improvement Value $33,384 Tax Amount $376,413.5 Change Rate +88.31201% Assessed CR Tax Rate +8.83662%
Year 2016 Assessed Value $39,518 Land Value $8,547 Improvement Value $30,971 Tax Amount $4,214.59 Change Rate Assessed CR Tax Rate +0.10665%
Year 2015 Assessed Value $36,222 Land Value $7,834 Improvement Value $28,388 Tax Amount Change Rate Assessed CR Tax Rate
Year 2014 Assessed Value $35,775 Land Value $7,737 Improvement Value $28,038 Tax Amount Change Rate Assessed CR Tax Rate
Year 2013 Assessed Value $41,797 Land Value $7,941 Improvement Value $33,856 Tax Amount Change Rate Assessed CR Tax Rate