114 Melrose Ave
Elgin, IL 60123
1 bd 2 ba 624 sqft Built 1935 Lot 6,621 sqft single_family
Most recent sale
$175,000
May 6, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 6, 2022 | Sold | $175,000 | MLS #11351619 |
| Mar 18, 2022 | Listed | $169,900 | MLS #11351619 |
| Nov 9, 2005 | Sold | $160,000 | Public Record |
| Nov 21, 2002 | Sold | $112,500 | Public Record |
| Sep 16, 1998 | Sold | $90,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2024 | $42,334 | $15,540 | $57,874 | $3,625 |
| 2023 | $38,992 | $14,313 | $53,305 | $3,423 |
| 2022 | $32,120 | $11,791 | $43,911 | $3,287 |
| 2021 | $30,030 | $11,024 | $41,054 | $3,127 |
| 2020 | $28,668 | $10,524 | $39,192 | $3,027 |
| 2019 | $27,308 | $10,025 | $37,333 | $2,926 |
| 2018 | $24,042 | $9,444 | $33,486 | $2,717 |
| 2017 | $22,728 | $8,928 | $31,656 | $2,639 |
| 2016 | $21,085 | $8,283 | $29,368 | $2,492 |
| 2015 | $19,326 | $7,592 | $26,918 | $2,426 |
| 2014 | $19,087 | $7,498 | $26,585 | $2,585 |
| 2013 | $19,590 | $7,696 | $27,286 | $2,168 |
| 2012 | $27,248 | $8,313 | $35,561 | $3,021 |
| 2011 | $30,503 | $9,306 | $39,809 | $3,124 |
| 2009 | $38,825 | $11,042 | $49,867 | $3,456 |
| 2008 | $38,825 | $11,042 | $49,867 | $3,335 |
| 2007 | $37,577 | $10,687 | $48,264 | $3,288 |
| 2006 | $36,066 | $10,257 | $46,323 | $3,291 |
Property facts
Year built
1935
Property type
single_family
Stories
1
Beds
1
Baths
2
Living area
624 sqft
Lot size
6,621 sqft
ZIP code
60123
City
Elgin
Street
Melrose Ave
Coordinates
42.03141, -88.30849
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,123
Gross rental yield
7.70%
Implied cap rate
5.01%
Trend-extrapolated value
—
Frequently asked questions
When did 114 Melrose Ave last sell?
114 Melrose Ave most recently sold on May 6, 2022 for $175,000.
What is the current tax assessment for 114 Melrose Ave?
The most recent total assessment for 114 Melrose Ave (year 2024) is $57,874 with $3,625 in property tax.
How does 114 Melrose Ave's assessment compare to its last sale price?
The current assessment is 66.9% below the last sale price of $175,000.
When was 114 Melrose Ave built?
114 Melrose Ave was built in 1935.
How does 114 Melrose Ave compare to others on Melrose Ave?
We track 8 other properties on Melrose Ave. Browse the list under "Other properties on Melrose Ave" to compare beds, baths, and sale history.
What are the property facts for 114 Melrose Ave?
114 Melrose Ave is a 1 bed, 2 bath, 624 sqft, 6,621 sqft lot single_family.
Is 114 Melrose Ave a flip candidate?
No — 114 Melrose Ave does not appear in our flips dataset.
Is 114 Melrose Ave a tax-appeal candidate?
No — 114 Melrose Ave is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+4.4%
Implied 1-yr
+17.5%
2026 Q2
$368.8K
2026 Q3
$381.4K
ZIP 60123 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Melrose Ave