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553 Walnut Ave; Elgin, IL Property Details

553 Walnut Ave, Elgin, IL is a Single Family that was built in 1885. This property is currently Financed and is not for sale. Our records show that 553 Walnut Ave has 4 bedrooms, and 2 bathrooms, and a total of 1,906 square feet. The lot size of 553 Walnut Ave is 8,382 square feet.

Off market
553 Walnut Ave Elgin, IL 60123
$160,000 Listing Price
4 Beds
2 Baths
1,906 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1885
  • Purchase Price: $160,000
  • Open Loans / Balance: 1 / $130,935
  • Est. Equity / %: $171,065 / 56.64%
  • Gross Yield: 8.376%
  • APN: 06-23-205-021
  • Situs County: Kane
  • Length Of Ownership: 7 years

Rooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full Bathrooms: 2
  • Total Rooms: 8

Structure

  • Building Style: Frame
  • Stories: 2

Measurements

  • Total: 1,906/SqFt
  • Lot: 8,382/SqFt
  • Gross: 2,859/SqFt
  • Living: 1,906/SqFt
  • Basement: 953/SqFt
  • Building: 2,859/SqFt
  • Price Per Square Foot: $83.95

Legal Description

  • Description: J C & W H KIMBALLS 3RD ADDN LOT 1 BLOCK 3 (EXCEPT WESTERLY 2.5 FT DESC IN DOC 92K82662)
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: 42.02858 / -88.29188
  • Subdivision: J C&W H Kimballs 3rd Addn
  • Property Class: Residential
  • County Use Code: 0040

Amenities

  • Plus Four: 7561
  • Cooling: Yes
  • Garage: Detached Garage
  • Parking: 2

Ownership Info

553 Walnut Ave has no associated ownership info
553 Walnut Ave has no associated ownership info.

Taxes

553 Walnut Ave has 10 associated Taxes items

553 Walnut 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 $97,517. The APN we've located for 553 Walnut Ave is 06-23-205-021.

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Taxes
  • Assessed Value:  $97,517
  • Assessed Year:  2025
  • Assessed County:  Kane
  • APN:  06-23-205-021
  • Assessed Land Value:  18843
  • Market Land Value:  56552
  • Tax Amount:  6829.32
  • Tax Year:  2025
  • Market Value:  292668
  • Market Year:  2025

Tax History

553 Walnut Ave has 13 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $97,517 Land Value $18,843 Improvement Value $78,674 Tax Amount $6,829.32 Change Rate Assessed CR Tax Rate +0.070032%
Year 2024 Assessed Value $89,820 Land Value $17,356 Improvement Value $72,464 Tax Amount Change Rate Assessed CR Tax Rate
Year 2023 Assessed Value $81,146 Land Value $15,680 Improvement Value $65,466 Tax Amount $6,235.36 Change Rate +0.057633% Assessed CR Tax Rate +0.076841%
Year 2022 Assessed Value $73,991 Land Value $14,297 Improvement Value $59,694 Tax Amount $5,895.58 Change Rate +0.045972% Assessed CR Tax Rate +0.07968%
Year 2021 Assessed Value $69,177 Land Value $13,367 Improvement Value $55,810 Tax Amount $5,636.46 Change Rate +0.029329% Assessed CR Tax Rate +0.081479%
Year 2020 Assessed Value $66,040 Land Value $12,761 Improvement Value $53,279 Tax Amount $5,475.86 Change Rate +0.1295% Assessed CR Tax Rate +0.082917%
Year 2019 Assessed Value $62,908 Land Value $12,156 Improvement Value $50,752 Tax Amount $4,848.04 Change Rate +0.021545% Assessed CR Tax Rate +0.077066%
Year 2018 Assessed Value $59,717 Land Value $11,452 Improvement Value $48,265 Tax Amount $4,745.79 Change Rate -0.989849% Assessed CR Tax Rate +0.079471%
Year 2017 Assessed Value $56,454 Land Value $10,826 Improvement Value $45,628 Tax Amount $467,510.97 Change Rate +82.69798% Assessed CR Tax Rate +8.281273%
Year 2016 Assessed Value $52,374 Land Value $10,044 Improvement Value $42,330 Tax Amount $5,585.69 Change Rate Assessed CR Tax Rate +0.10665%
Year 2015 Assessed Value $48,005 Land Value $9,206 Improvement Value $38,799 Tax Amount Change Rate Assessed CR Tax Rate
Year 2014 Assessed Value $47,412 Land Value $9,092 Improvement Value $38,320 Tax Amount Change Rate Assessed CR Tax Rate
Year 2013 Assessed Value $48,663 Land Value $9,332 Improvement Value $39,331 Tax Amount Change Rate Assessed CR Tax Rate