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Sold on 10/03/2018
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1519 Meyer St, Elgin, IL 60123

$490,000

Last sold 10/03/2018 for $470K

  • 2

    bed

  • 1

    bath

  • 4,760

    Sqft ($99/Sqft)

Multi-family not for sale
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About 1519 Meyer St

Property type Multi-family
Neighborhood
Year built 1966
HOA fee $0/month
Movoto estimate
Property description
This 2-bedroom, 1-bathroom multi-family property is located at 1519 Meyer St, Elgin, IL, 60123 in Kane County and was built in 1966. The property offers 4,760 square feet of living space.
Overview
Cooling/AC Wall Sleeve
Levels/Style 2
MLS # 9966708
Type Multi Family 5+
Property Tax $ 14032
Year Built 1966
Interior
Exterior
Foundation Concrete Perimeter
Exterior Brick, Frame
# Of Parking Spaces 6
Amenities / Utilities
# Units in Building 6
Location
County Kane
Directions Larkin To Jane, South To Meyer.
APN 622128006
Zoning MULTI
Multifamily Details
Unit 1: Total # of Rooms 4
Unit 1: # of Bedrooms 2
Unit 1: # Full Bath 1
Expense: Electricity 480
Gross Rental Income 62400
Net Operating Income 59556
Total Annual Expense 2844
Gross Rent Multiplier 8.4
Total Annual Expense Source Owner Projection
Expense: Insurance 1500
Total Annual Income 62400
Lot/ Land Details
Road Frontage City Street
Possible Use Multi-Family
Current Use Multi-Family
$490K
Range: $441K-$539K
Last 30 days 
  • Jan 2021
  • Jan 27, 2021 Delisted
    $490,000
  • Aug 1, 2018 Active
    —
  • Jul 12, 2018 Price Change
    $490,000 (-2.0%)
  • May 30, 2018 Listed
    $500,000 (+2.0%)
  • Oct 2018
    Public Records
  • Oct 3, 2018 Sold
    $470,000 (-4.1%)
  • Oct 2017
  • Oct 17, 2017 Cancelled
    —
  • Sep 21, 2017 Price Change
    $490,000 (-6.7%)
  • Aug 12, 2017 Listed
    $525,000
  • Year Property taxes Tax assessment
  • 2025
    $16,211 +3.5%
    $195,712
  • 2024
    $15,663 +3.9%
    $195,712 +10.69%
  • 2023
    $15,072 +7.8%
    $176,811 +9.67%
  • 2022
    $13,980 +4.0%
    $161,221 +6.96%
  • 2021
    $13,448 +2.5%
    $150,730 +4.75%
  • 2020
    $13,124 +2.5%
    $143,895 +4.98%
  • 2019
    $12,802 +0.3%
    $137,069 +6.15%
  • 2018
    $12,766 -4.4%
    $129,127 -0.57%
  • 2017
    $13,357 -4.8%
    $129,864 -1.3%
  • 2016
    $14,032
    $131,575
  • 1519 Meyer St
    $470K
  • Southwest Elgin
    $284K +3% y/y
  • 60123
    $329K +9% y/y
  • Elgin
    $399K +6% y/y
No chart available
Statistics calculated by Movoto

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3/10
Highland Elementary School
public Grades PK, K-6
School District U-46
1/10
Abbott Middle School
public Grades 7-8
School District U-46
2/10
Larkin High School
public Grades 9-12
School District U-46
Source: GreatSchools.org © 2026. All rights reserved.

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