724 Michigan Ln
Elk Grove Village, IL 60007
4 bd 3 ba 2,121 sqft Built 1977 single_family
Most recent sale
$380,000
Aug 17, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Mar 30, 2025 | Listing removed | $3,500 | MRED |
| Mar 12, 2025 | Listed for rent | $3,500 | MRED |
| Feb 28, 2025 | Listed for rent | $3,500 | MRED |
| Jan 21, 2025 | Listed for rent | $3,500 | MRED |
| Sep 22, 2022 | Listing removed | $2,800 | MRED |
| Sep 14, 2022 | Listed for rent | $1,150 | TurboTenant |
| Aug 30, 2022 | Listed for rent | $2,800 | MRED |
| Aug 17, 2022 | Sold | $380,000 | MLS #11444005 |
| Jul 18, 2022 | Price changed | $384,700 | MLS #11444005 |
| Jun 23, 2022 | Listed | $399,900 | MLS #11444005 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2023 | $32,201 | $6,798 | $38,999 | $11,329 |
| 2022 | $32,201 | $6,798 | $38,999 | $9,275 |
| 2021 | $27,422 | $5,827 | $33,249 | $2,835 |
| 2020 | $27,422 | $5,827 | $33,249 | $2,573 |
| 2019 | $31,532 | $5,827 | $37,359 | $2,561 |
| 2018 | $28,161 | $5,050 | $33,211 | $2,871 |
| 2017 | $28,161 | $5,050 | $33,211 | $2,790 |
| 2016 | $28,161 | $5,050 | $33,211 | $3,367 |
| 2015 | $25,728 | $4,273 | $30,001 | $3,804 |
| 2014 | $25,728 | $4,273 | $30,001 | $3,675 |
| 2013 | $25,728 | $4,273 | $30,001 | $3,666 |
| 2012 | $31,018 | $4,662 | $35,680 | $3,184 |
| 2011 | $31,018 | $4,662 | $35,680 | $3,029 |
| 2010 | $31,018 | $4,662 | $35,680 | $2,734 |
| 2009 | $33,285 | $4,856 | $38,141 | $2,404 |
| 2008 | $31,962 | $7,769 | $39,731 | $2,394 |
| 2007 | $31,962 | $7,769 | $39,731 | $2,510 |
| 2006 | $23,625 | $7,459 | $31,084 | $2,884 |
Property facts
Year built
1977
Property type
single_family
Stories
2
Beds
4
Baths
3
Living area
2,121 sqft
Lot size
—
ZIP code
60007
City
Elk Grove Village
Street
Michigan Ln
Coordinates
42.00402, -88.05060
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$3,818
Gross rental yield
12.06%
Implied cap rate
7.84%
Trend-extrapolated value
—
Frequently asked questions
When did 724 Michigan Ln last sell?
724 Michigan Ln most recently sold on Aug 17, 2022 for $380,000.
What is the current tax assessment for 724 Michigan Ln?
The most recent total assessment for 724 Michigan Ln (year 2023) is $38,999 with $11,329 in property tax.
How does 724 Michigan Ln's assessment compare to its last sale price?
The current assessment is 89.7% below the last sale price of $380,000.
When was 724 Michigan Ln built?
724 Michigan Ln was built in 1977.
How does 724 Michigan Ln compare to others on Michigan Ln?
We track 2 other properties on Michigan Ln. Browse the list under "Other properties on Michigan Ln" to compare beds, baths, and sale history.
What are the property facts for 724 Michigan Ln?
724 Michigan Ln is a 4 bed, 3 bath, 2,121 sqft single_family.
Is 724 Michigan Ln a flip candidate?
No — 724 Michigan Ln does not appear in our flips dataset.
Is 724 Michigan Ln a tax-appeal candidate?
No — 724 Michigan Ln is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-0.7%
Implied 1-yr
-2.9%
2026 Q3
$397.5K
2026 Q4
$394.5K
ZIP 60007 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Michigan Ln