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62 S Melrose Ave; Elgin, IL Property Details

62 S Melrose Ave, Elgin, IL is a Residential General that was built in 1940. This property is currently a cash purchase and is not for sale. Our records show that 62 S Melrose Ave has 2 bedrooms, and 1.5 bathrooms, and a total of 1,224 square feet. The lot size of 62 S Melrose Ave is 6,600 square feet.

Off market
62 S Melrose Ave Elgin, IL 60123
$77,262 Estimated Value
2 Beds
1.5 Baths
1,224 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1940
  • Purchase Price: $150,000
  • Est. Equity / %: $257,000 / 100%
  • Gross Yield: 11.626%
  • APN: 06-15-453-012
  • Situs County: Kane
  • Length Of Ownership: 5 years, 7 months

Rooms

  • Bedrooms: 2
  • Bathrooms: 1.5
  • Full Bathrooms: 1
  • Total Rooms: 4
  • Partial Bathrooms: 1

Structure

  • Building Style: Frame
  • Stories: 5

Measurements

  • Total: 1,224/SqFt
  • Lot: 6,600/SqFt
  • Gross: 2,040/SqFt
  • Living: 1,224/SqFt
  • Basement: 816/SqFt
  • Building: 2,040/SqFt
  • Price Per Square Foot: $122.55

Legal Description

  • Description: WASHINGTON HEIGHTS ADDN LOT 4 BLOCK 26
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: 42.032654 / -88.308495
  • Subdivision: Ashington Heights Addn
  • Property Class: Residential
  • County Use Code: 0040

Amenities

  • Plus Four: 6051
  • Cooling: Yes
  • Garage: Detached Garage
  • Parking: 2

HOA

  • H O A One Type: Planned Unit Development

Ownership Info

62 S Melrose Ave has no associated ownership info
62 S Melrose Ave has no associated ownership info.

Taxes

62 S Melrose Ave has 10 associated Taxes items

62 S Melrose 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 $77,262. The APN we've located for 62 S Melrose Ave is 06-15-453-012.

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Taxes
  • Assessed Value:  $77,262
  • Assessed Year:  2025
  • Assessed County:  Kane
  • APN:  06-15-453-012
  • Assessed Land Value:  15540
  • Market Land Value:  46639
  • Tax Amount:  5894.38
  • Tax Year:  2025
  • Market Value:  231879
  • Market Year:  2025

Tax History

62 S Melrose Ave has 13 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $77,262 Land Value $15,540 Improvement Value $61,722 Tax Amount $5,894.38 Change Rate Assessed CR Tax Rate +0.076291%
Year 2024 Assessed Value $71,163 Land Value $14,313 Improvement Value $56,850 Tax Amount Change Rate Assessed CR Tax Rate
Year 2023 Assessed Value $64,291 Land Value $12,931 Improvement Value $51,360 Tax Amount $5,480.5 Change Rate +0.078159% Assessed CR Tax Rate +0.085245%
Year 2022 Assessed Value $58,622 Land Value $11,791 Improvement Value $46,831 Tax Amount $5,083.2 Change Rate +0.039547% Assessed CR Tax Rate +0.086711%
Year 2021 Assessed Value $54,808 Land Value $11,024 Improvement Value $43,784 Tax Amount $4,889.82 Change Rate +0.024681% Assessed CR Tax Rate +0.089217%
Year 2020 Assessed Value $52,323 Land Value $10,524 Improvement Value $41,799 Tax Amount $4,772.04 Change Rate +0.025143% Assessed CR Tax Rate +0.091203%
Year 2019 Assessed Value $49,841 Land Value $10,025 Improvement Value $39,816 Tax Amount $4,655 Change Rate +0.070366% Assessed CR Tax Rate +0.093397%
Year 2018 Assessed Value $44,355 Land Value $9,444 Improvement Value $34,911 Tax Amount $4,348.98 Change Rate -0.989916% Assessed CR Tax Rate +0.098049%
Year 2017 Assessed Value $41,931 Land Value $8,928 Improvement Value $33,003 Tax Amount $431,275.62 Change Rate +102.95215% Assessed CR Tax Rate +10.285365%
Year 2016 Assessed Value $38,901 Land Value $8,283 Improvement Value $30,618 Tax Amount $4,148.79 Change Rate Assessed CR Tax Rate +0.10665%
Year 2015 Assessed Value $35,656 Land Value $7,592 Improvement Value $28,064 Tax Amount Change Rate Assessed CR Tax Rate
Year 2014 Assessed Value $35,216 Land Value $7,498 Improvement Value $27,718 Tax Amount Change Rate Assessed CR Tax Rate
Year 2013 Assessed Value $36,145 Land Value $7,696 Improvement Value $28,449 Tax Amount Change Rate Assessed CR Tax Rate