548 Melrose Ave
Elgin, IL 60123
3 bd 2 ba 1,392 sqft Built 1956 Lot 13,068 sqft single_family
Most recent sale
$200,640
Mar 31, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Mar 31, 2022 | Sold | $200,640 | MLS #11255919 |
| Dec 21, 2021 | Price changed | $177,639 | MLS #11255919 |
| Oct 26, 2021 | Listed | $60,000 | MLS #11255919 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2024 | $72,660 | $30,308 | $102,968 | $7,589 |
| 2023 | $66,925 | $27,916 | $94,841 | $7,303 |
| 2022 | $55,131 | $22,996 | $78,127 | $5,820 |
| 2021 | $51,544 | $21,500 | $73,044 | $5,535 |
| 2020 | $49,207 | $20,525 | $69,732 | $5,357 |
| 2019 | $46,873 | $19,551 | $66,424 | $5,176 |
| 2018 | $44,157 | $18,418 | $62,575 | $5,099 |
| 2017 | $41,744 | $17,412 | $59,156 | $4,953 |
| 2016 | $38,727 | $16,154 | $54,881 | $5,213 |
| 2015 | $35,497 | $14,807 | $50,304 | $5,138 |
| 2014 | $35,059 | $14,624 | $49,683 | $5,486 |
| 2013 | $35,984 | $15,010 | $50,994 | $4,583 |
| 2012 | $38,868 | $16,213 | $55,081 | $5,016 |
| 2011 | $43,511 | $18,150 | $61,661 | $5,144 |
| 2009 | $58,151 | $21,536 | $79,687 | $5,805 |
| 2008 | $64,236 | $21,536 | $85,772 | $6,004 |
| 2007 | $62,172 | $20,844 | $83,016 | $5,929 |
| 2006 | $59,672 | $20,006 | $79,678 | $5,947 |
Property facts
Year built
1956
Property type
single_family
Stories
1
Beds
3
Baths
2
Living area
1,392 sqft
Lot size
13,068 sqft
ZIP code
60123
City
Elgin
Street
Melrose Ave
Coordinates
42.04678, -88.30824
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,204
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 548 Melrose Ave last sell?
548 Melrose Ave most recently sold on Mar 31, 2022 for $200,640.
What is the current tax assessment for 548 Melrose Ave?
The most recent total assessment for 548 Melrose Ave (year 2024) is $102,968 with $7,589 in property tax.
How does 548 Melrose Ave's assessment compare to its last sale price?
The current assessment is 48.7% below the last sale price of $200,640.
When was 548 Melrose Ave built?
548 Melrose Ave was built in 1956.
How does 548 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 548 Melrose Ave?
548 Melrose Ave is a 3 bed, 2 bath, 1,392 sqft, 13,068 sqft lot single_family.
Is 548 Melrose Ave a flip candidate?
No — 548 Melrose Ave does not appear in our flips dataset.
Is 548 Melrose Ave a tax-appeal candidate?
No — 548 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