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701 Preston Ave; Elgin, IL Property Details

701 Preston Ave, Elgin, IL is a Residential General that was built in 1947. This property is currently a cash purchase and is not for sale. Our records show that 701 Preston Ave has 2 bedrooms, and 1 bathroom, and a total of 984 square feet. The lot size of 701 Preston Ave is 6,926 square feet.

Off market
701 Preston Ave Elgin, IL 60120
$119,900 Listing Price
2 Beds
1 Baths
984 SqFt
Property Type
Residential General
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Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 2 / Trust
  • Owner Status: Trust
  • Year Built: 1947
  • Purchase Price: $107,000
  • Est. Equity / %: $229,000 / 100%
  • Gross Yield: 13.572%
  • APN: 06-12-427-012
  • Situs County: Kane
  • Length Of Ownership: 10 years, 8 months

Rooms

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

Structure

  • Stories: 1
  • Exterior Wall Type: Brick

Measurements

  • Total: 984/SqFt
  • Lot: 6,926/SqFt
  • Gross: 1,968/SqFt
  • Living: 984/SqFt
  • Basement: 984/SqFt
  • Building: 1,968/SqFt
  • Ground: 984/SqFt
  • Price Per Square Foot: $108.74

Legal Description

  • Description: LUDLOWS ADDN SOUTH 88 FT LOT 11 BLOCK 20
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: 42.05064 / -88.2652
  • Subdivision: Ludlows Addn
  • Property Class: Residential
  • County Use Code: 0040

Amenities

  • Plus Four: 3926
  • Cooling: Yes
  • Garage: Detached Garage
  • Parking: 1

HOA

  • H O A One: $683
  • H O A Amount: $683
  • H O A One Frequency: Monthly
  • H O A One Name: Shoe Factory Homeowners Association
  • H O A One Type: Home Owner Association

Ownership Info

701 Preston Ave has no associated ownership info
701 Preston Ave has no associated ownership info.

Taxes

701 Preston Ave has 10 associated Taxes items

701 Preston 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 $76,913. The APN we've located for 701 Preston Ave is 06-12-427-012.

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Taxes
  • Assessed Value:  $76,913
  • Assessed Year:  2025
  • Assessed County:  Kane
  • APN:  06-12-427-012
  • Assessed Land Value:  15923
  • Market Land Value:  47788
  • Tax Amount:  5867.76
  • Tax Year:  2025
  • Market Value:  230831
  • Market Year:  2025

Tax History

701 Preston Ave has 13 associated Tax History items

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YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $76,913 Land Value $15,923 Improvement Value $60,990 Tax Amount $5,867.76 Change Rate Assessed CR Tax Rate +0.076291%
Year 2024 Assessed Value $70,842 Land Value $14,666 Improvement Value $56,176 Tax Amount Change Rate Assessed CR Tax Rate
Year 2023 Assessed Value $64,001 Land Value $13,250 Improvement Value $50,751 Tax Amount $5,455.78 Change Rate +0.078153% Assessed CR Tax Rate +0.085245%
Year 2022 Assessed Value $58,358 Land Value $12,082 Improvement Value $46,276 Tax Amount $5,060.3 Change Rate +0.03955% Assessed CR Tax Rate +0.086711%
Year 2021 Assessed Value $54,561 Land Value $11,296 Improvement Value $43,265 Tax Amount $4,867.78 Change Rate +0.064899% Assessed CR Tax Rate +0.089217%
Year 2020 Assessed Value $50,120 Land Value $10,784 Improvement Value $39,336 Tax Amount $4,571.12 Change Rate +0.025154% Assessed CR Tax Rate +0.091204%
Year 2019 Assessed Value $47,742 Land Value $10,272 Improvement Value $37,470 Tax Amount $4,458.96 Change Rate +0.12229% Assessed CR Tax Rate +0.093397%
Year 2018 Assessed Value $40,521 Land Value $9,677 Improvement Value $30,844 Tax Amount $3,973.09 Change Rate -0.989916% Assessed CR Tax Rate +0.09805%
Year 2017 Assessed Value $38,307 Land Value $9,148 Improvement Value $29,159 Tax Amount $394,001.47 Change Rate +102.951866% Assessed CR Tax Rate +10.285365%
Year 2016 Assessed Value $35,539 Land Value $8,487 Improvement Value $27,052 Tax Amount $3,790.23 Change Rate Assessed CR Tax Rate +0.10665%
Year 2015 Assessed Value $32,575 Land Value $7,779 Improvement Value $24,796 Tax Amount Change Rate Assessed CR Tax Rate
Year 2014 Assessed Value $32,173 Land Value $7,683 Improvement Value $24,490 Tax Amount Change Rate Assessed CR Tax Rate
Year 2013 Assessed Value $37,458 Land Value $7,886 Improvement Value $29,572 Tax Amount Change Rate Assessed CR Tax Rate
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