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573 Prospect St; Elgin, IL Property Details

573 Prospect St, Elgin, IL is a Residential General that was built in 1889. This property is currently a cash purchase and is not for sale. Our records show that 573 Prospect St has 3 bedrooms, and 2 bathrooms, and a total of 2,486 square feet. The lot size of 573 Prospect St is 8,712 square feet.

Off market
573 Prospect St Elgin, IL 60120
$185,000 Listing Price
3 Beds
2 Baths
2,486 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 1 / Corporate
  • Owner Status: Corporate
  • Year Built: 1889
  • Purchase Price: $185,000
  • Open Loans / Balance: 1 / $1,424,275
  • Est. Equity / %: $-1,066,275 / -297.84%
  • Gross Yield: 8.501%
  • APN: 06-12-353-001
  • Situs County: Kane
  • Length Of Ownership: 5 years

Rooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full Bathrooms: 2
  • Total Rooms: 9

Structure

  • Building Style: Frame
  • Stories: 2
  • Sewer Type: Municipal
  • Water Source: Municipal

Measurements

  • Total: 2,486/SqFt
  • Lot: 8,712/SqFt
  • Gross: 3,851/SqFt
  • Living: 2,486/SqFt
  • Basement: 1,365/SqFt
  • Building: 3,851/SqFt
  • Price Per Square Foot: $74.42

Legal Description

  • Description: KIMBALL & HAWKINS ADDN LOT 4
Building Insights

Land Information

  • Property Type: Residential General
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: School District U-46
  • Lat / Lon: 42.04799 / -88.27925
  • Subdivision: Kimball&Hawkins Addn
  • Property Class: Residential
  • County Use Code: 0040

Amenities

  • Plus Four: 3983
  • Fireplaces: 1
  • Garage: Detached Garage
  • Parking: 1

Ownership Info

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

Taxes

573 Prospect St has 10 associated Taxes items

573 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 $88,964. The APN we've located for 573 Prospect St is 06-12-353-001.

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Taxes
  • Assessed Value:  $88,964
  • Assessed Year:  2025
  • Assessed County:  Kane
  • APN:  06-12-353-001
  • Assessed Land Value:  21874
  • Market Land Value:  65648
  • Tax Amount:  6787.14
  • Tax Year:  2025
  • Market Value:  266999
  • Market Year:  2025

Tax History

573 Prospect St has 13 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $88,964 Land Value $21,874 Improvement Value $67,090 Tax Amount $6,787.14 Change Rate Assessed CR Tax Rate +0.076291%
Year 2024 Assessed Value $84,516 Land Value $20,147 Improvement Value $64,369 Tax Amount Change Rate Assessed CR Tax Rate
Year 2023 Assessed Value $81,066 Land Value $18,201 Improvement Value $62,865 Tax Amount $6,910.5 Change Rate +0.159931% Assessed CR Tax Rate +0.085245%
Year 2022 Assessed Value $68,707 Land Value $16,596 Improvement Value $52,111 Tax Amount $5,957.68 Change Rate +0.039561% Assessed CR Tax Rate +0.086711%
Year 2021 Assessed Value $64,236 Land Value $15,516 Improvement Value $48,720 Tax Amount $5,730.96 Change Rate +0.024689% Assessed CR Tax Rate +0.089217%
Year 2020 Assessed Value $61,323 Land Value $14,812 Improvement Value $46,511 Tax Amount $5,592.88 Change Rate +0.025148% Assessed CR Tax Rate +0.091204%
Year 2019 Assessed Value $58,414 Land Value $14,109 Improvement Value $44,305 Tax Amount $5,455.68 Change Rate +0.01112% Assessed CR Tax Rate +0.093397%
Year 2018 Assessed Value $55,030 Land Value $13,292 Improvement Value $41,738 Tax Amount $5,395.68 Change Rate -0.989916% Assessed CR Tax Rate +0.09805%
Year 2017 Assessed Value $52,023 Land Value $12,566 Improvement Value $39,457 Tax Amount $535,075.56 Change Rate +102.953674% Assessed CR Tax Rate +10.285365%
Year 2016 Assessed Value $48,263 Land Value $11,658 Improvement Value $36,605 Tax Amount $5,147.25 Change Rate Assessed CR Tax Rate +0.10665%
Year 2015 Assessed Value $44,238 Land Value $10,686 Improvement Value $33,552 Tax Amount Change Rate Assessed CR Tax Rate
Year 2014 Assessed Value $43,692 Land Value $10,554 Improvement Value $33,138 Tax Amount Change Rate Assessed CR Tax Rate
Year 2013 Assessed Value $44,844 Land Value $10,832 Improvement Value $34,012 Tax Amount Change Rate Assessed CR Tax Rate