1397 Timber Ln
South Elgin, IL 60177
2 bd 3 ba 1,167 sqft Built 1996 multi_family
Most recent sale
$245,000
Aug 30, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Aug 30, 2022 | Sold | $245,000 | MLS #11440722 |
| Jul 7, 2022 | Listed | $275,000 | MLS #11440722 |
| Jan 22, 2016 | Sold | $165,000 | MLS #09090056 |
| Nov 20, 2015 | Listed | $165,000 | MLS #09090056 |
| Sep 23, 2015 | Sold | $100,100 | MLS #08864142 |
| Jun 24, 2015 | Relisted | $141,300 | MLS #08864142 |
| Jun 22, 2015 | Listing removed | $141,300 | MRED |
| May 27, 2015 | Price changed | $141,300 | MLS #08864142 |
| Mar 17, 2015 | Listed | $157,000 | MLS #08864142 |
| Oct 12, 2007 | Sold | $183,000 | MLS #06636591 |
| Aug 10, 2007 | Listed | $189,000 | MLS #06636591 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2024 | $67,109 | $19,026 | $86,135 | $5,629 |
| 2023 | $61,812 | $17,524 | $79,336 | $5,342 |
| 2022 | $50,918 | $14,436 | $65,354 | $5,107 |
| 2021 | $47,605 | $13,497 | $61,102 | $4,798 |
| 2020 | $45,446 | $12,885 | $58,331 | $4,646 |
| 2019 | $43,290 | $12,274 | $55,564 | $4,466 |
| 2018 | $40,782 | $11,563 | $52,345 | $4,368 |
| 2017 | $38,554 | $10,931 | $49,485 | $4,141 |
| 2016 | $35,768 | $10,141 | $45,909 | $4,519 |
| 2015 | $32,785 | $9,295 | $42,080 | $3,857 |
| 2014 | $32,380 | $9,180 | $41,560 | $4,201 |
| 2013 | $33,234 | $9,422 | $42,656 | $3,496 |
| 2012 | $35,898 | $10,177 | $46,075 | $3,883 |
| 2011 | $45,506 | $11,393 | $56,899 | $4,325 |
| 2009 | $53,994 | $13,518 | $67,512 | $4,277 |
| 2008 | $53,994 | $13,518 | $67,512 | $4,059 |
| 2007 | $52,259 | $13,084 | $65,343 | $3,805 |
| 2006 | $50,157 | $12,558 | $62,715 | $3,838 |
Property facts
Year built
1996
Property type
multi_family
Stories
2
Beds
2
Baths
3
Living area
1,167 sqft
Lot size
—
ZIP code
60177
City
South Elgin
Street
Timber Ln
Coordinates
41.99286, -88.32210
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
$2,101
Gross rental yield
10.29%
Implied cap rate
6.69%
Trend-extrapolated value
—
Frequently asked questions
When did 1397 Timber Ln last sell?
1397 Timber Ln most recently sold on Aug 30, 2022 for $245,000.
What is the current tax assessment for 1397 Timber Ln?
The most recent total assessment for 1397 Timber Ln (year 2024) is $86,135 with $5,629 in property tax.
How does 1397 Timber Ln's assessment compare to its last sale price?
The current assessment is 64.8% below the last sale price of $245,000.
When was 1397 Timber Ln built?
1397 Timber Ln was built in 1996.
How does 1397 Timber Ln compare to others on Timber Ln?
We track 8 other properties on Timber Ln. Browse the list under "Other properties on Timber Ln" to compare beds, baths, and sale history.
What are the property facts for 1397 Timber Ln?
1397 Timber Ln is a 2 bed, 3 bath, 1,167 sqft multi_family.
Is 1397 Timber Ln a flip candidate?
No — 1397 Timber Ln does not appear in our flips dataset.
Is 1397 Timber Ln a tax-appeal candidate?
No — 1397 Timber 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
-11.4%
Implied 1-yr
-45.7%
2026 Q3
$258.5K
2026 Q4
$258.5K
ZIP 60177 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Timber Ln