Check Availability
$319,000
● House - In Contract

582 PARK Street

Elgin, IL 60120
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,000 Ft²
$2,114
Est. Monthly

About This Property

*MULTIPLE OFFERS* Highest and Best due 10 am, Monday, October 5th. Welcome to 582 Park Street, an extraordinary opportunity to own a distinctive piece of Elgin history. Built in 1901 and designed by architect David Postle, this remarkable Shingle Style residence with Victorian and Queen Anne influences showcases the craftsmanship, architectural character and attention to detail that simply cannot be replicated in today's construction.    The home makes an unforgettable first impression with its dramatic bell-shaped tower, sweeping rooflines, decorative brackets, distinctive windows and expansive front porch, a wonderful outdoor living space that sets the stage for what awaits inside.    Step through the front door and the craftsmanship immediately takes center stage. The grand foyer features gorgeous hardwood floors, substantial original millwork and a spectacular handcrafted staircase with beautifully preserved newel posts, balusters and rich wood detailing. Just off the foyer is a dedicated home office or library, filled with natural light and highlighted by beautiful woodwork and incredible French-style pocket doors, an architectural detail rarely found today.    The spacious living room continues the home's timeless character with hardwood flooring, rich wood trim and a striking fireplace with an ornate wood mantel and tile surround. From there, enter what may be one of the most memorable rooms in the house: the magnificent formal dining room. Look up and you'll discover an extraordinary geometric coffered and beamed ceiling, complemented by extensive natural woodwork, wainscoting, a beautiful chandelier and a spectacular hand-carved built-in china cabinet with glass-front display cabinetry. This is true turn-of-the-century craftsmanship.    The kitchen blends historic character with everyday functionality, featuring white cabinetry, stone countertops, stainless-steel appliances, subway-tile backsplash, hardwood flooring and abundant natural light. Just beyond is a wonderful main-level sunroom, surrounded by windows and offering a bright, flexible space for casual dining, morning coffee, reading or simply relaxing and enjoying the views.    Upstairs you'll find four bedrooms along with yet another special feature, a second-floor rear sunroom wrapped in windows. Use it as a sitting room, studio, office, reading retreat or additional flexible living space.    And don't overlook what is above. The large unfinished walk-up attic offers tremendous potential for future expansion. Its impressive rooflines and substantial open space provide an exciting opportunity for additional living, recreation or creative space, subject to applicable approvals.    Throughout the home, original hardwood floors, substantial moldings, beautiful doors, historic windows and exceptional natural woodwork serve as reminders that 582 Park Street isn't simply an older home, it is a home built with artistry.    Its history is equally compelling. Conrad and Millie Ackemann moved into the newly completed residence in 1901. Conrad and his brothers were associated with the prominent Ackemann Brothers department store, and Conrad was active in the Elgin community. The home's signature porch was later rehabilitated using an original 1903 photograph as historical reference, and previous owners were recognized with Elgin's Henry Jensen Award for restoration and rehabilitation efforts.    Situated on approximately .21 acres with a detached garage, this is a rare opportunity to become the next steward of a home with more than 125 years of history.    From the grand staircase and extraordinary dining room to the French-style pocket doors, fireplace, two sunrooms, expansive porch and untapped attic potential, there is something special around virtually every corner. For the buyer searching for craftsmanship, history, character and a home unlike anything being built today, welcome home to 582 Park Street.
Unit Size
2,000 Ft²
Days on Market
-
Land Size
-
Price per sqft
$160
Property Type
House
Property Taxes
$548
HOA Dues
-
Year Built
1901

Listed By

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Property Highlights

Garage
Fireplace
Parking Details
Has Garage
Parking Features: Asphalt, No Garage, Garage, Detached, Yes
Garage Spaces: 1
Interior Details
Half Bathrooms: 1
Full Bathrooms: 1
Flooring Type: Hardwood, Laminate
Rooms: 9
Has Fireplace
Fireplaces: 1
Basement: Unfinished, Full, Walk-Out Access
Exterior Details
Square Footage: 2000
Square Footage Source: $0
Architectural Style: Queen Anne
Year Built: 1901
Construction Materials: Frame
Patio and Porch Features: Porch
Lot Features: Corner Lot
Lot Size Dimensions: 132 X 66
Water Source: Public
Financial Details
Tax Annual Amount: $6,570
Utilities Details
Cooling Type: None
Heating Type: Natural Gas, Forced Air
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: None

Building Info

Overview

    General

  • Year Built: 1901
  • Effective Year Built: 1901
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 23
  • 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: 870
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,045
  • Lot Size Depth Feet: 1,340
  • Lot Size Frontage Feet: 680
  • Total Building Area: 2,610
  • Gross Building Area: 2,610
  • Building Area: 1,740
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 6
  • Heating: 0
  • Heated Square Feet: 1,740
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VAILS ADDN
  • Land Acres: 0000000208
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: VAILS ADDN LOT 1 OF BLOCK 1 SEC 13-41-8 (EXCEPT 1736534)

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 851400

Geography

  • Section: Jan 01, 1970
  • Parcel: 06-13-211-018
  • Block: 1
  • Lot: 1
  • Meridian: SEC 13 TWN 41 RNG 08
  • Municipality: ELGIN
  • Latitude: 42.041
  • Longitude: -88.2679

    Address

  • Full Address: 582 Park St
  • Address - House Number: 582
  • Address - Street Name: Park
  • Address - Suffix Type: St
  • State: IL
  • City Name: Elgin
  • Carrier Code: C031
  • 4-Digit Zip Code: 4472
  • Zip Code: 60120

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $567,240
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.1658
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 79
  • Final Value: 286,399
  • High Value: 333,895
  • Low Value: 238,903

    Market Valuation

  • Market Total Value: $214,337
  • Market Land Value: $40,891
  • Market Improvement Value: $173,445

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $71,417
  • Assessed Land Value: $13,625
  • Assessed Improvements Value: $57,792

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 07, 2020
  • Current Sale Recording Date: Sep 10, 2020
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2020K052014
  • Previous Sale Recording Date: Dec 13, 2013
  • Previous Sale Contract Date: Jul 11, 2013
  • Previous Sale Document Type: 30
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 Southeast Elgin


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Frequently Asked Questions

When was property at 582 Park Street built and last sold?
The property at 582 Park Street was built in 1901 and last sold on Aug 7, 2020 for $232,500.
How much is this home worth?
The estimated value of the home located at 582 Park Street is $326,867.
What are some comparable homes to 582 Park Street?
There are currently no comparable homes to 582 Park Street.