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550 Wellington Ave; Elgin, IL Property Details

550 Wellington Ave, Elgin, IL is a Residential General that was built in 1890. This property is currently Financed and is not for sale. Our records show that 550 Wellington Ave has 2 bedrooms, and 1 bathroom, and a total of 726 square feet. The lot size of 550 Wellington Ave is 24,494 square feet.

Off market
550 Wellington Ave Elgin, IL 60120
$51,618 Estimated Value
2 Beds
1 Baths
726 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 2 / Multiple
  • Owner Status: Multiple
  • Year Built: 1890
  • Purchase Price: $162,000
  • Open Loans / Balance: 1 / $157,554
  • Est. Equity / %: $180,446 / 53.39%
  • Gross Yield: 5.333%
  • APN: 06-24-177-011
  • Situs County: Kane
  • Length Of Ownership: 1 year, 3 months

Rooms

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

Structure

  • Building Style: Frame
  • Stories: 1

Measurements

  • Total: 726/SqFt
  • Lot: 24,494/SqFt
  • Gross: 726/SqFt
  • Living: 726/SqFt
  • Building: 726/SqFt
  • Ground: 726/SqFt
  • Price Per Square Foot: $223.14

Legal Description

  • Description: W E BENTS ADD SUB LOT E & SUB D EX SOUTH 66 FT ON EAST LINE & EX RR LOT 7
Building Insights

Land Information

  • Property Type: Residential General
  • Within Flood Zone: True
  • Flood Zone: AE / High Risk
  • School District: School District U-46
  • Lat / Lon: 42.024845 / -88.27409
  • Subdivision: W E Bents Add
  • Property Class: Residential
  • County Use Code: 0040

Amenities

  • Plus Four: 7751

Ownership Info

550 Wellington Ave has no associated ownership info
550 Wellington Ave has no associated ownership info.

Taxes

550 Wellington Ave has 10 associated Taxes items

550 Wellington 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 $51,618. The APN we've located for 550 Wellington Ave is 06-24-177-011.

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Taxes
  • Assessed Value:  $51,618
  • Assessed Year:  2025
  • Assessed County:  Kane
  • APN:  06-24-177-011
  • Assessed Land Value:  21210
  • Market Land Value:  63655
  • Tax Amount:  3937.98
  • Tax Year:  2025
  • Market Value:  154916
  • Market Year:  2025

Tax History

550 Wellington Ave has 13 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $51,618 Land Value $21,210 Improvement Value $30,408 Tax Amount $3,937.98 Change Rate Assessed CR Tax Rate +0.076291%
Year 2024 Assessed Value $47,544 Land Value $19,536 Improvement Value $28,008 Tax Amount Change Rate Assessed CR Tax Rate
Year 2023 Assessed Value $42,952 Land Value $17,649 Improvement Value $25,303 Tax Amount $3,661.46 Change Rate +0.078149% Assessed CR Tax Rate +0.085245%
Year 2022 Assessed Value $39,165 Land Value $16,093 Improvement Value $23,072 Tax Amount $3,396.06 Change Rate +0.039549% Assessed CR Tax Rate +0.086712%
Year 2021 Assessed Value $36,617 Land Value $15,046 Improvement Value $21,571 Tax Amount $3,266.86 Change Rate +0.054254% Assessed CR Tax Rate +0.089217%
Year 2020 Assessed Value $33,976 Land Value $14,364 Improvement Value $19,612 Tax Amount $3,098.74 Change Rate +0.025122% Assessed CR Tax Rate +0.091204%
Year 2019 Assessed Value $32,365 Land Value $13,683 Improvement Value $18,682 Tax Amount $3,022.8 Change Rate +0.14869% Assessed CR Tax Rate +0.093397%
Year 2018 Assessed Value $26,617 Land Value $12,890 Improvement Value $13,727 Tax Amount $2,631.52 Change Rate -0.989832% Assessed CR Tax Rate +0.098866%
Year 2017 Assessed Value $25,163 Land Value $12,186 Improvement Value $12,977 Tax Amount $258,810.64 Change Rate +102.95505% Assessed CR Tax Rate +10.285365%
Year 2016 Assessed Value $23,344 Land Value $11,305 Improvement Value $12,039 Tax Amount $2,489.64 Change Rate Assessed CR Tax Rate +0.10665%
Year 2015 Assessed Value $21,397 Land Value $10,362 Improvement Value $11,035 Tax Amount Change Rate Assessed CR Tax Rate
Year 2014 Assessed Value $21,133 Land Value $10,234 Improvement Value $10,899 Tax Amount Change Rate Assessed CR Tax Rate
Year 2013 Assessed Value $23,664 Land Value $10,504 Improvement Value $13,160 Tax Amount Change Rate Assessed CR Tax Rate