See Home Value
$310,000
● House - Off Market

391 Cornell Lane

Elgin, IL 60123
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,428 Ft²
$1,793
Est. Monthly

About This Property

Investor or Handyman Special! Don't miss this incredible opportunity to own a charming colonial-style home ideally located near College Park and just minutes from the restaurants, shopping, and entertainment along Randall Road. Nestled on a quiet residential street, this property offers outstanding potential for investors, renovators, or buyers eager to customize their next home. From the curb, you'll appreciate the classic white exterior with low-maintenance aluminum siding, a durable concrete driveway, and a spacious two-car garage. Inside, the main level features a generous family room, two nicely sized bedrooms, a full bath, and a bright eat-in kitchen, while the second level offers two additional bedrooms and another full bath-perfect for family, guests, or a home office setup. Recent improvements include second-story windows and a main-level sliding glass door replaced approximately eight years ago, along with a new water heater installed last year. The finished basement is an extra perk, offering high ceilings, a half bath, and a full-size laundry room. Outside, the large backyard includes a concrete patio, garden shed, and plenty of room for pets or entertaining. Whether you're an investor looking for a strong value-add opportunity or a homeowner ready to bring your vision to life, this home offers exceptional value and endless possibilities. Offered AS-IS. Sale subject to court approval.
Unit Size
1,428 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$175
Property Type
House
Property Taxes
$565
HOA Dues
-
Year Built
1976

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Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1976
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 500
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 952
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,837
  • Total Building Area: 2,380
  • Gross Building Area: 2,380
  • Building Area: 1,428
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 1,428
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COLLEGE PARK
  • Land Acres: 0000000180
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: COLLEGE PARK UNIT 4 LOT 144

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 851908

Geography

  • Parcel: 06-21-258-063
  • Lot: 144
  • Municipality: ELGIN
  • Latitude: 42.0227
  • Longitude: -88.3283

    Address

  • Full Address: 391 Cornell Ln
  • Legal Unit: 4
  • Address - House Number: 391
  • Address - Street Name: Cornell
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Elgin
  • Carrier Code: C053
  • 4-Digit Zip Code: 6909
  • Zip Code: 60123

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $604,976
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.1561
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 80
  • Final Value: 282,524
  • High Value: 326,652
  • Low Value: 238,396

    Market Valuation

  • Market Total Value: $209,391
  • Market Land Value: $50,042
  • Market Improvement Value: $159,349

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $69,769
  • Assessed Land Value: $16,674
  • Assessed Improvements Value: $53,095

    Sales

  • Current Sale Contract Date: Jun 30, 2006
  • Current Sale Recording Date: Jul 26, 2006
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2006K080293
  • Previous Sale Recording Date: Mar 11, 2002
  • Previous Sale Contract Date: Feb 19, 2002
  • Previous Sale Amount: $169,500
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Southwest Elgin


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Nearby Rentals

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1990 Larkin Avenue #14, Elgin, IL, 60123 Listing by William Gallos
Unit for rent at 2438 Anna Way, Elgin, IL, 60124

$2,300 /mo

  • 3 Beds
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2438 Anna Way, Elgin, IL, 60124 Listing by Meha Parikh
Unit for rent at 2030 Padua Drive, Elgin, IL, 60123

$4,000 /mo

  • 4 Beds
  • 2 Baths
  • 3,561 ft²
2030 Padua Drive, Elgin, IL, 60123 Listing by Valerie Rivelli


Frequently Asked Questions

When was property at 391 Cornell Lane built and last sold?
The property at 391 Cornell Lane was built in 1976 and last sold on Jun 30, 2006 for $226,000.
How much is this home worth?
The estimated value of the home located at 391 Cornell Lane is $0.
What are some comparable homes to 391 Cornell Lane?
There are currently no comparable homes to 391 Cornell Lane.