When was property at 1040 Prospect Boulevard built and last sold?

The property at 1040 Prospect Boulevard was built in 1920 and last sold on May 12, 2023 for $260,000.

How much is this home worth?

The estimated value of the home located at 1040 Prospect Boulevard is $0.

What are some comparable homes to 1040 Prospect Boulevard?

There are currently no comparable homes to 1040 Prospect Boulevard.

Elgin

60120

Northeast Elgin

1040 Prospect Street

$260,000

● House - Off Market

1040 Prospect Street

Elgin, IL 60120

4 Beds

2 Baths

1,768 Ft²

$251,837

RealtyHop Estimate

0.78%

Since Jun 1, 2023

National-US

Primary Model

About This Property

Wow! Great Northeast end location! Quick access to bike path, I-90 and train station! Nice deep lot! This American 4-Square stands up tall! Awesome covered front porch perfect for summer nights! Convenient 1st floor den with crown molding and extra shelving! Large living room with crown molding and exposed original woodwork! Very functional kitchen with tile flooring and all appliances stay! Separate formal dining room with gorgeous built-in hutch! Spacious master bedroom with double closets! Gracious size secondary bedrooms! Full, partially finished basement with rec room, exercise area and full bath with shower! Roof/siding approximately 6 years old! Newer HVAC! Bring your little finishing touches and make this your grand home!

Unit Size

1,768 Ft²

Days on Market

Land Size

Price per sqft

$141

Property Type

House

Property Taxes

$481

HOA Dues

Year Built

1920

Payment Calculator

Cap Rate Calculator

Last updated: 3 years ago (MRED MLS #11759451)

Price History

Date / Event	Date	Event
May 15, 2023	Sold	Premium
Sold
Apr 14, 2023	Listed by RE/MAX Horizon	$249,900
Listed by RE/MAX Horizon

Property Highlights

Air Conditioning

Building Info

Overview

General

Year Built: 1920

Effective Year Built: 1920
Building Count: 1
Total Rooms: 9
Bedroom Count: 4
Bathroom Count: 2
Full Bathrooms: 2
Partial Bathrooms: 2
Building Condition: 0
Building Quality: 0
Construction Type: 6
Building Style: 25
Exterior Walls Type: 0
Interior Walls Type: 0
Roof Shape Type: 0
Roof Cover Type: 0
Floor Count: 200
Living Units: 1
Floor Cover: 0
Basement Type: 8
Basement Area: 884
Garage Type: 4
Parking Space Count: 1
Patio Type: 0
Porch Type: 0
Pool Type: 0

Dimensions

Lot Size Square Feet: 9,712

Lot Size Depth Feet: 1,470
Lot Size Frontage Feet: 660
Total Building Area: 2,652
Gross Building Area: 2,652
Building Area: 1,768
Building Area Measurement: L

Heating and Cooling

Air Conditioning: 13

Heating: 0
Heated Square Feet: 1,768
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 2

Building

Building Type: 0

Property Class: R
Subdivision: CONGDONS 2ND ADDN
Land Acres: 0000000223
Standard Land Use Code: 1001
County Land Use Code: 0040
State Land Use Code: 0040
Legal Description 1: CONGDONS 2ND ADDN LOT 7 BLOCK 1

Neighborhood

School District Name: School District U-46

Census Tract: 850800

Geography

Parcel: 06-12-106-008

Block: 1
Lot: 7
Municipality: ELGIN
Latitude: 42.0562
Longitude: -88.2799

Address

Full Address: 1040 Prospect St

Address - House Number: 1040
Address - Street Name: Prospect
Address - Suffix Type: St
State: IL
City Name: Elgin
Carrier Code: C004
4-Digit Zip Code: 2934
Zip Code: 60120

Valuation

Tax

Tax Year: 2022

Tax Amount: $603,260
Tax Rate Code Area: EL005

Appraisal Valuation

Standard Deviation: 0.1389

Valuation Date: Nov 29, 2023
Confidence Score: 83
Final Value: 291,927
High Value: 332,476
Low Value: 251,377

Open Liens

Total Open Liens:

Premium

Total Open Liens Amount:

Premium
First Open Lien Mortgage Lender:

Premium
First Open Lien Mortgage Recording Date:

Premium
First Open Lien Mortgage Financing Type:

Premium
First Open Lien Mortgage Loan Amount:

Premium
First Open Lien Mortgage Term:

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First Open Lien Mortgage Position:

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First Open Lien Mortgage Loan Type:

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First Open Lien Mortgage Loan Due Date:

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Second Open Lien Mortgage Recording Date:

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Second Open Lien Mortgage Loan Amount:

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Second Open Lien Mortgage Term:

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Second Open Lien Mortgage Position:

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Second Open Lien Mortgage Loan Type:

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Second Open Lien Mortgage Loan Due Date:

Premium

Market Valuation

Market Total Value: $226,804

Market Land Value: $49,151
Market Improvement Value: $177,653

Assessments Valuation

Assessed Year: 2022

Assessed Total Value: $75,571
Assessed Land Value: $16,377
Assessed Improvements Value: $59,194

Sales

Current Sale Contract Date: May 12, 2023

Current Sale Recording Date: May 16, 2023
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 15585
Previous Sale Recording Date: Sep 12, 2005
Previous Sale Contract Date: Jun 14, 2005
Previous Sale Amount: $179,000
Previous Sale Document Type: 71

Last Sale Mortgage

First Mortgage Lender:

Premium

First Mortgage Transaction Date:

Premium
First Mortgage Loan Amount:

Premium
First Mortgage Terms:

Premium
First Mortgage Loan Type:

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First Mortgage Loan Due Date:

Premium
Second Mortgage Transaction Date:

Premium
Second Mortgage Loan Amount:

Premium
Second Mortgage Terms:

Premium
Second Mortgage Loan Type:

Premium
Second Mortgage Loan Due Date:

Premium

Financing

First Mortgage Financing Type: ADJ

Previous Mortgages

Previous Mortgage Lender:

Premium

Previous Mortgage Transaction Date:

Premium
Previous Mortgage Loan Amount:

Premium
Previous Mortgage Term:

Premium
Previous Mortgage Loan Type:

Premium
Previous Mortgage Loan Due Date:

Premium

Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Northeast Elgin

Stats & Trends

Median Asking:

$305,000

Sale Price/ft²

$200

Below Asking

0.01%

Average Days on Market

Average Home Size

1602 ft²

Average Home Age

59.3 years

Currently For Sale

17 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 292 Villa Street, Elgin, IL, 60120

$1,200 /mo

1 Bed
1 Bath
700 ft²

292 Villa Street #5, Elgin, IL, 60120 Listing by Young Lee

Unit for rent at 512 Clark Street, Elgin, IL, 60123

$1,695 /mo

2 Beds
1 Bath
1,208 ft²

512 Clark Street #1, Elgin, IL, 60123 Listing by Lawrence Hines

Unit for rent at 371 Fulton Street, IL, 60120

$2,750 /mo

3 Beds
1 Bath
1,600 ft²

371 Fulton Street #2, IL, 60120 Listing by Joseph Trifilio

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Robert Wisdom, RE/MAX Horizon
Last Updated: 3 years ago
Data Source: MRED, MLS# 11759451

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

1040 Prospect Street

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Neighborhood

Geography

Valuation

Comparables

About Northeast Elgin

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions