16585 Illinois Ave
Lakeville, MN 55044
5 bd 3 ba 2,727 sqft Built 1991 Lot 12,458 sqft single_family
Most recent sale
$500,000
May 19, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 19, 2022 | Sold | $500,000 | MLS #6086685 |
| Mar 30, 2022 | Listed | $450,000 | MLS #6086685 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $319,056 | $95,246 | $414,302 | $5,042 |
| 2023 | $309,080 | $96,438 | $405,518 | $4,858 |
| 2022 | $249,831 | $82,330 | $332,161 | $4,434 |
| 2021 | $259,063 | $68,411 | $327,474 | $4,540 |
| 2020 | $256,635 | $65,062 | $321,697 | $4,712 |
| 2019 | $242,154 | $61,558 | $303,712 | $4,397 |
| 2018 | $219,707 | $57,954 | $277,661 | $3,560 |
| 2017 | $207,398 | $54,785 | $262,183 | $3,408 |
| 2016 | $186,556 | $52,628 | $239,184 | $3,281 |
| 2015 | $185,737 | $51,049 | $236,786 | $3,113 |
| 2014 | $169,234 | $46,188 | $215,422 | $3,010 |
| 2013 | $162,606 | $44,532 | $207,138 | $2,828 |
| 2012 | $175,695 | $47,357 | $223,052 | $2,895 |
| 2011 | $188,800 | $53,400 | $242,200 | $2,880 |
| 2009 | $222,500 | $62,400 | $284,900 | $3,010 |
| 2008 | $233,600 | $62,400 | $296,000 | $3,083 |
| 2007 | $233,600 | $62,400 | $296,000 | $2,968 |
Property facts
Year built
1991
Property type
single_family
Stories
2
Beds
5
Baths
3
Living area
2,727 sqft
Lot size
12,458 sqft
ZIP code
55044
City
Lakeville
Street
Illinois Ave
Coordinates
44.70913, -93.25461
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$4,091
Gross rental yield
9.82%
Implied cap rate
6.38%
Trend-extrapolated value
—
Frequently asked questions
When did 16585 Illinois Ave last sell?
16585 Illinois Ave most recently sold on May 19, 2022 for $500,000.
What is the current tax assessment for 16585 Illinois Ave?
The most recent total assessment for 16585 Illinois Ave (year 2025) is $414,302 with $5,042 in property tax.
How does 16585 Illinois Ave's assessment compare to its last sale price?
The current assessment is 17.1% below the last sale price of $500,000.
When was 16585 Illinois Ave built?
16585 Illinois Ave was built in 1991.
How does 16585 Illinois Ave compare to others on Illinois Ave?
We track 6 other properties on Illinois Ave. Browse the list under "Other properties on Illinois Ave" to compare beds, baths, and sale history.
What are the property facts for 16585 Illinois Ave?
16585 Illinois Ave is a 5 bed, 3 bath, 2,727 sqft, 12,458 sqft lot single_family.
Is 16585 Illinois Ave a flip candidate?
No — 16585 Illinois Ave does not appear in our flips dataset.
Is 16585 Illinois Ave a tax-appeal candidate?
No — 16585 Illinois 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
-0.6%
Implied 1-yr
-2.5%
2026 Q3
$506.9K
2026 Q4
$503.6K
ZIP 55044 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Illinois Ave