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555 Prospect St; Elgin, IL Property Details

555 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 555 Prospect St has 4 bedrooms, and 2 bathrooms, and a total of 2,274 square feet. The lot size of 555 Prospect St is 10,032 square feet.

Off market
555 Prospect St Elgin, IL 60120
$90,047 Estimated Value
4 Beds
2 Baths
2,274 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 2 / Multiple
  • Owner Status: Multiple
  • Year Built: 1900
  • Purchase Price: $55,000
  • Est. Equity / %: $360,000 / 100%
  • Gross Yield: 7.927%
  • APN: 06-12-353-004
  • Situs County: Kane
  • Length Of Ownership: 14 years, 8 months

Rooms

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

Structure

  • Building Style: Frame
  • Stories: 2

Measurements

  • Total: 2,274/SqFt
  • Lot: 10,032/SqFt
  • Gross: 3,383/SqFt
  • Living: 2,274/SqFt
  • Basement: 1,109/SqFt
  • Building: 3,383/SqFt
  • Price Per Square Foot: $24.19

Legal Description

  • Description: KIMBALL & HAWKINS ADDN LOT 1
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: 42.04747 / -88.27929
  • Subdivision: Kimball&Hawkins Addn
  • Property Class: Residential
  • County Use Code: 0040

Amenities

  • Plus Four: 3770
  • Garage: Detached Garage
  • Parking: 1

Ownership Info

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

Taxes

555 Prospect St has 10 associated Taxes items

555 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 $90,047. The APN we've located for 555 Prospect St is 06-12-353-004.

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Taxes
  • Assessed Value:  $90,047
  • Assessed Year:  2025
  • Assessed County:  Kane
  • APN:  06-12-353-004
  • Assessed Land Value:  19370
  • Market Land Value:  58133
  • Tax Amount:  6259.42
  • Tax Year:  2025
  • Market Value:  270249
  • Market Year:  2025

Tax History

555 Prospect St has 13 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $90,047 Land Value $19,370 Improvement Value $70,677 Tax Amount $6,259.42 Change Rate Assessed CR Tax Rate +0.069513%
Year 2024 Assessed Value $82,939 Land Value $17,841 Improvement Value $65,098 Tax Amount Change Rate Assessed CR Tax Rate
Year 2023 Assessed Value $74,929 Land Value $16,118 Improvement Value $58,811 Tax Amount $5,705.38 Change Rate +0.14536% Assessed CR Tax Rate +0.076144%
Year 2022 Assessed Value $63,447 Land Value $14,697 Improvement Value $48,750 Tax Amount $4,981.3 Change Rate +0.04716% Assessed CR Tax Rate +0.078511%
Year 2021 Assessed Value $59,319 Land Value $13,741 Improvement Value $45,578 Tax Amount $4,756.96 Change Rate +0.030194% Assessed CR Tax Rate +0.080193%
Year 2020 Assessed Value $56,629 Land Value $13,118 Improvement Value $43,511 Tax Amount $4,617.54 Change Rate +0.031226% Assessed CR Tax Rate +0.08154%
Year 2019 Assessed Value $53,943 Land Value $12,496 Improvement Value $41,447 Tax Amount $4,477.72 Change Rate +0.010548% Assessed CR Tax Rate +0.083008%
Year 2018 Assessed Value $50,818 Land Value $11,772 Improvement Value $39,046 Tax Amount $4,430.98 Change Rate -0.989753% Assessed CR Tax Rate +0.087193%
Year 2017 Assessed Value $48,041 Land Value $11,129 Improvement Value $36,912 Tax Amount $432,407.03 Change Rate +89.970245% Assessed CR Tax Rate +9.000792%
Year 2016 Assessed Value $44,569 Land Value $10,325 Improvement Value $34,244 Tax Amount $4,753.28 Change Rate Assessed CR Tax Rate +0.10665%
Year 2015 Assessed Value $40,852 Land Value $9,464 Improvement Value $31,388 Tax Amount Change Rate Assessed CR Tax Rate
Year 2014 Assessed Value $40,347 Land Value $9,347 Improvement Value $31,000 Tax Amount Change Rate Assessed CR Tax Rate
Year 2013 Assessed Value $41,412 Land Value $9,594 Improvement Value $31,818 Tax Amount Change Rate Assessed CR Tax Rate