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500 Willow Ln

Elk Grove Village, IL 60007

3 bd 2 ba 1,290 sqft Built 1959 Lot 7,218 sqft single_family
Most recent sale
$295,000
Mar 22, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Mar 22, 2022 Sold $295,000 MLS #11323855
Feb 18, 2022 Listed $290,000 MLS #11323855

Tax assessment history

YearBuildingLandTotal assessedTax paid
2023 $19,158 $5,775 $24,933 $6,331
2022 $22,224 $5,775 $27,999 $5,336
2021 $15,120 $3,609 $18,729 $2,232
2020 $15,120 $3,609 $18,729 $2,003
2019 $17,202 $3,609 $20,811 $2,016
2018 $18,619 $3,248 $21,867 $2,276
2017 $18,619 $3,248 $21,867 $2,220
2016 $18,619 $3,248 $21,867 $2,737
2015 $17,130 $2,707 $19,837 $3,026
2014 $17,130 $2,707 $19,837 $2,922
2013 $17,130 $2,707 $19,837 $2,923
2012 $20,215 $3,068 $23,283 $2,501
2011 $20,215 $3,068 $23,283 $2,388
2010 $20,215 $3,068 $23,283 $2,096
2009 $22,989 $3,248 $26,237 $1,900
2008 $23,014 $5,197 $28,211 $1,824
2007 $23,014 $5,197 $28,211 $1,174
2006 $17,424 $4,331 $21,755 $2,114

Property facts

Year built
1959
Property type
single_family
Stories
1
Beds
3
Baths
2
Living area
1,290 sqft
Lot size
7,218 sqft
ZIP code
60007
City
Elk Grove Village
Street
Willow Ln
Coordinates
42.02067, -87.98307

Comparable properties nearby

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$2,322
Gross rental yield
9.45%
Implied cap rate
6.14%
Trend-extrapolated value

Frequently asked questions

When did 500 Willow Ln last sell?
500 Willow Ln most recently sold on Mar 22, 2022 for $295,000.
What is the current tax assessment for 500 Willow Ln?
The most recent total assessment for 500 Willow Ln (year 2023) is $24,933 with $6,331 in property tax.
How does 500 Willow Ln's assessment compare to its last sale price?
The current assessment is 91.5% below the last sale price of $295,000.
When was 500 Willow Ln built?
500 Willow Ln was built in 1959.
How does 500 Willow Ln compare to others on Willow Ln?
We track 1 other property on Willow Ln. Browse the list under "Other properties on Willow Ln" to compare beds, baths, and sale history.
What are the property facts for 500 Willow Ln?
500 Willow Ln is a 3 bed, 2 bath, 1,290 sqft, 7,218 sqft lot single_family.
Is 500 Willow Ln a flip candidate?
No — 500 Willow Ln does not appear in our flips dataset.
Is 500 Willow Ln a tax-appeal candidate?
No — 500 Willow Ln is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
-0.7%
Implied 1-yr
-2.9%
2026 Q3
$397.5K
2026 Q4
$394.5K
ZIP 60007 — Median Price History + Forecast

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