Jeffrey Padesky
Real Broker, LLC
(847) 241-1543
113 Total Sales
1 in Downtown Elgin
$280,000 Price
51 S Spring St Elgin, IL 60120
Downtown Elgin Neighborhood
3
Beds
--
Bath
1,323
Sq Ft
0.6
Acre Lot
About This Home
Residences for Artists and Their Families - Like many railroad communities in Chicagoland in recent years, Elgin has been working hard to preserve and enhance its downtown, with the arts as part of the plan. When City officials were introduced to Artspace at an Illinois Main Street Conference, they asked Artspace to help them achieve their goals. The result is the Elgin Artspace Lofts, a $15.2 million mixed-use project that created 55 units of affordable live/work space for artists and their families plus 5,874 square feet of retail and community space for arts-friendly businesses and nonprofit organizations. The historic Sears structure, occupied most recently by Elgin Community College, has been completely renovated and linked to a new addition. The City of Elgin and the Elgin arts community were the driving forces behind the project, working with Artspace to plan and develop the facility. Elgin’s residents and civic leaders believe that permanently affordable space for artists will strengthen an emerging arts and culture cluster in downtown Elgin, serve as a catalyst for continued development, bring vibrancy and activity to the street and increase the number of individuals and families living and working downtown.
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Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Sep 29, 2011
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
4.22%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Sep 27, 2011
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
4.22%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Feb 16, 2011
Sold by
Bought by
Purchase Details
Closed on
Jan 20, 2011
Sold by
Bought by
Purchase Details
Closed on
Feb 12, 2004
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Downtown Elgin, IL
-
Jeffrey Padesky
-
Mary Serle
Mary Serle
Coldwell Banker Real Estate Group
(331) 226-1456
84 Total Sales
1 in Downtown Elgin
$325,000 Price
-
Matt Lysien
Matt Lysien
Suburban Life Realty, Ltd
(224) 315-8087
519 Total Sales
24 in Downtown Elgin
$107K - $520K Price Range
-
Luigui Corral
Luigui Corral
RE/MAX American Dream
(224) 212-1953
178 Total Sales
1 in Downtown Elgin
$192,000 Price
-
Amy Diamond
Amy Diamond
@properties Christie's International Real Estate
(224) 271-9757
286 Total Sales
1 in Downtown Elgin
$290,000 Price
-
Joanna Krzepkowska
Joanna Krzepkowska
HomeSmart Connect LLC
(630) 250-2995
157 Total Sales
1 in Downtown Elgin
$303,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | Chicago Title Insurance Co | ||
| -- | Chicago Title Insurance Co | ||
| -- | Chicago Title Insurance Co | ||
| -- | Chicago Title Insurance Co | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $750,000 | ||
| Closed | $1,000,000 | ||
| Closed | $750,000 | ||
| Open | $2,027,163 | ||
| Open | $7,643,866 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/01/2024 12/01/24 | Off Market | $800 | -- | -- |
| 05/02/2024 05/02/24 | Price Changed | $800 | +11.1% | $1 / Sq Ft |
| 01/10/2024 01/10/24 | Price Changed | $720 | +5.9% | $1 / Sq Ft |
| 08/08/2023 08/08/23 | For Rent | $680 | 0.0% | -- |
| 07/13/2023 07/13/23 | For Rent | $680 | 0.0% | -- |
| 08/23/2022 08/23/22 | For Rent | $680 | -- | -- |
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $88,997 | $1,166,550 | $243,224 | $923,326 |
| 2024 | $88,997 | $1,492,478 | $243,224 | $1,249,254 |
| 2023 | $114,940 | $1,348,340 | $219,734 | $1,128,606 |
| 2022 | $106,607 | $1,229,452 | $200,359 | $1,029,093 |
| 2021 | $102,551 | $1,149,450 | $187,321 | $962,129 |
| 2020 | $100,080 | $1,097,327 | $178,827 | $918,500 |
| 2019 | $97,625 | $1,045,273 | $170,344 | $874,929 |
| 2018 | $97,355 | $984,713 | $160,475 | $824,238 |
| 2017 | $95,747 | $930,906 | $151,706 | $779,200 |
| 2016 | $92,107 | $863,629 | $140,742 | $722,887 |
| 2015 | -- | $791,594 | $129,003 | $662,591 |
| 2014 | -- | $781,821 | $127,410 | $654,411 |
| 2013 | -- | $802,444 | $130,771 | $671,673 |
Source: Public Records
Map
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