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602 Prospect St; Elgin, IL Property Details

602 Prospect St, Elgin, IL is a Residential General that was built in 1900. This property is currently Financed and is not for sale. Our records show that 602 Prospect St has 4 bedrooms, and 1 bathroom, and a total of 2,424 square feet. The lot size of 602 Prospect St is 15,972 square feet.

Off market
602 Prospect St Elgin, IL 60120
$460,000 Listing Price
4 Beds
1 Baths
2,424 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 2 / Multiple
  • Owner Status: Multiple
  • Year Built: 1900
  • Purchase Price: $460,000
  • Open Loans / Balance: 1 / $344,461
  • Est. Equity / %: $78,539 / 18.57%
  • Gross Yield: 11.084%
  • APN: 06-12-305-020
  • Situs County: Kane
  • Length Of Ownership: 7 months

Rooms

  • Bedrooms: 4
  • Bathrooms: 1
  • Full Bathrooms: 1
  • Total Rooms: 12

Structure

  • Building Style: Frame
  • Stories: 2

Measurements

  • Total: 2,424/SqFt
  • Lot: 15,972/SqFt
  • Gross: 3,786/SqFt
  • Living: 2,424/SqFt
  • Basement: 1,362/SqFt
  • Building: 3,786/SqFt
  • Price Per Square Foot: $189.77

Legal Description

  • Description: M L JOSLYNS ADDN LOTS 7 & 8 BLOCK 1
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: 42.04834 / -88.27997
  • Subdivision: M L Joslyns Addn
  • Property Class: Residential
  • County Use Code: 0040

Amenities

  • Plus Four: 3731
  • Garage: Detached Garage
  • Parking: 2

HOA

  • H O A One: $164
  • H O A Amount: $164
  • H O A One Frequency: Monthly
  • H O A One Type: Home Owner Association

Ownership Info

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

Taxes

602 Prospect St has 10 associated Taxes items

602 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 $125,079. The APN we've located for 602 Prospect St is 06-12-305-020.

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Taxes
  • Assessed Value:  $125,079
  • Assessed Year:  2025
  • Assessed County:  Kane
  • APN:  06-12-305-020
  • Assessed Land Value:  27140
  • Market Land Value:  81453
  • Tax Amount:  9542.36
  • Tax Year:  2025
  • Market Value:  375387
  • Market Year:  2025

Tax History

602 Prospect St has 13 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $125,079 Land Value $27,140 Improvement Value $97,939 Tax Amount $9,542.36 Change Rate Assessed CR Tax Rate +0.076291%
Year 2024 Assessed Value $114,702 Land Value $24,998 Improvement Value $89,704 Tax Amount Change Rate Assessed CR Tax Rate
Year 2023 Assessed Value $103,625 Land Value $22,584 Improvement Value $81,041 Tax Amount $7,469.62 Change Rate +0.031807% Assessed CR Tax Rate +0.072083%
Year 2022 Assessed Value $94,488 Land Value $20,593 Improvement Value $73,895 Tax Amount $7,239.36 Change Rate +2.023783% Assessed CR Tax Rate +0.076617%
Year 2021 Assessed Value $88,340 Land Value $19,253 Improvement Value $69,087 Tax Amount $2,394.14 Change Rate -0.021786% Assessed CR Tax Rate +0.027101%
Year 2020 Assessed Value $81,193 Land Value $18,380 Improvement Value $62,813 Tax Amount $2,447.46 Change Rate -0.023477% Assessed CR Tax Rate +0.030144%
Year 2019 Assessed Value $77,341 Land Value $17,508 Improvement Value $59,833 Tax Amount $2,506.3 Change Rate -0.073997% Assessed CR Tax Rate +0.032406%
Year 2018 Assessed Value $64,133 Land Value $16,494 Improvement Value $47,639 Tax Amount $2,706.58 Change Rate -0.990194% Assessed CR Tax Rate +0.042203%
Year 2017 Assessed Value $60,629 Land Value $15,593 Improvement Value $45,036 Tax Amount $276,007.78 Change Rate +45.01096% Assessed CR Tax Rate +4.552405%
Year 2016 Assessed Value $56,247 Land Value $14,466 Improvement Value $41,781 Tax Amount $5,998.74 Change Rate Assessed CR Tax Rate +0.10665%
Year 2015 Assessed Value $51,555 Land Value $13,259 Improvement Value $38,296 Tax Amount Change Rate Assessed CR Tax Rate
Year 2014 Assessed Value $50,918 Land Value $13,095 Improvement Value $37,823 Tax Amount Change Rate Assessed CR Tax Rate
Year 2013 Assessed Value $52,261 Land Value $13,440 Improvement Value $38,821 Tax Amount Change Rate Assessed CR Tax Rate