See Home Value
$200,000
● House - Off Market

514 Locust Street

Elgin, IL 60123
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,640 Ft²
$1,462
Est. Monthly

About This Property

Calling all investors, rehabbers, flippers, and buyers looking to build instant equity! This spacious two-story home offers a fantastic floor plan featuring 3 bedrooms, 1.5 baths, and generously sized living spaces rarely found at this price point. There is hardwood floor throughout much of the home and the expansive living room, separate family room, formal dining room, and enclosed front porch provide exceptional flexibility and the perfect foundation for a stunning renovation    The spacious kitchen includes all existing appliances and offers endless potential to become the heart of the home. Upstairs, you'll find all three generously sized bedrooms. The renovation has already begun to convert the upstairs half bath into a full bathroom, providing an outstanding opportunity to add immediate value.    The huge unfinished basement offers incredible potential for future living space, a workshop, or abundant storage. A detached one-car garage adds even more functionality and convenience.    Priced to sell and reflecting its current condition, this home is being sold AS IS, with cash buyers preferred. Whether you're looking for your next flip, long-term investment, or a chance to create your dream home while building significant equity, this property delivers outstanding potential. With solid bones, an excellent floor plan, tremendous upside, and a highly desirable west-side location, this is an opportunity you won't want to miss.
Unit Size
1,640 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$122
Property Type
House
Property Taxes
$480
HOA Dues
-
Year Built
1910

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Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 28
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 652
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,866
  • Lot Size Depth Feet: 630
  • Lot Size Frontage Feet: 990
  • Total Building Area: 2,292
  • Gross Building Area: 2,292
  • Building Area: 1,640
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 6
  • Heating: 0
  • Heated Square Feet: 1,640
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SAMUEL L KIMBALLS ADD
  • Land Acres: 0000000318
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: SAMUEL L KIMBALLS ADD TO ELGIN PT LOT 12 DESC IN DOC 2003K011531

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 851600

Geography

  • Parcel: 06-14-409-035
  • Lot: 12
  • Municipality: ELGIN
  • Latitude: 42.0325
  • Longitude: -88.2909

    Address

  • Full Address: 514 Locust St
  • Address - House Number: 514
  • Address - Street Name: Locust
  • Address - Suffix Type: St
  • State: IL
  • City Name: Elgin
  • Carrier Code: C058
  • 4-Digit Zip Code: 6364
  • Zip Code: 60123

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $497,698
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.1389
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 83
  • Final Value: 266,890
  • High Value: 303,963
  • Low Value: 229,818

    Market Valuation

  • Market Total Value: $190,267
  • Market Land Value: $36,606
  • Market Improvement Value: $153,661

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $63,397
  • Assessed Land Value: $12,197
  • Assessed Improvements Value: $51,200

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 06, 2009
  • Current Sale Recording Date: May 11, 2009
  • Current Sale Price:
  • Current Sale Document Type: 64
  • Current Sale Input Document Number: 2009K034950
  • Previous Sale Recording Date: Mar 19, 2003
  • Previous Sale Contract Date: Dec 13, 2002
  • Previous Sale Amount: $155,000
  • 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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Unit for rent at 420 Prospect Boulevard, IL, 60120

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Unit for rent at 418 Saint Charles Street, Elgin, IL, 60120

$1,600 /mo

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418 Saint Charles Street #B, Elgin, IL, 60120 Listing by Saverino Carrozza


Frequently Asked Questions

When was property at 514 Locust Street built and last sold?
The property at 514 Locust Street was built in 1910 and last sold on Feb 6, 2009 for $114,569.
How much is this home worth?
The estimated value of the home located at 514 Locust Street is $207,216.
What are some comparable homes to 514 Locust Street?
There are currently no comparable homes to 514 Locust Street.