941 N Mclean Blvd Elgin, IL 60123
Northeast Elgin NeighborhoodEstimated Value: $3,716,130
Studio
--
Bath
--
Sq Ft
2.14
Acres
About This Home
This home is located at 941 N Mclean Blvd, Elgin, IL 60123 and is currently estimated at $3,716,130. 941 N Mclean Blvd is a home located in Kane County with nearby schools including Century Oaks Elementary School, Kimball Middle School, and Larkin High School.
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 28, 2021
Sold by
Ecapital Il Retail I Llc
Bought by
Mclean Square Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,124,375
Outstanding Balance
$1,928,805
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$1,802,872
Purchase Details
Closed on
Dec 21, 2020
Sold by
E-Capital Loan Fund I Lp
Bought by
Ecapital Il Retail I Llc
Purchase Details
Closed on
Nov 21, 2020
Sold by
E Capital Loan Fund I Lp
Bought by
Escapital Il Retail I Llc
Purchase Details
Closed on
Oct 18, 2019
Sold by
650 North Dearborn Llc
Bought by
E Capital Loan Fund I Lp
Purchase Details
Closed on
May 10, 2006
Sold by
R & P Partnership
Bought by
650 North Dearborn Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,440,000
Interest Rate
6.7%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 18, 2002
Sold by
Abbott Mclean Ltd Partnership
Bought by
R & P Ltd Partnership
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mclean Square Llc | $2,750,000 | None Available | |
| Ecapital Il Retail I Llc | -- | None Listed On Document | |
| Escapital Il Retail I Llc | -- | None Available | |
| E Capital Loan Fund I Lp | -- | None Available | |
| 650 North Dearborn Llc | $4,300,000 | First American Title | |
| R & P Ltd Partnership | $900,000 | Chicago Title Insurance Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mclean Square Llc | $2,124,375 | |
| Previous Owner | 650 North Dearborn Llc | $3,440,000 |
Source: Public Records
Tax History Compared to Growth
Tax History
| 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 |
|---|---|---|---|---|
| 2024 | $70,653 | $882,844 | $484,630 | $398,214 |
| 2023 | $67,990 | $797,582 | $437,826 | $359,756 |
| 2022 | $63,061 | $727,256 | $399,221 | $328,035 |
| 2021 | $60,662 | $679,932 | $373,243 | $306,689 |
| 2020 | $72,487 | $794,782 | $356,318 | $438,464 |
| 2019 | $70,709 | $757,079 | $339,415 | $417,664 |
| 2018 | $70,513 | $713,216 | $319,750 | $393,466 |
| 2017 | $73,775 | $717,281 | $321,572 | $395,709 |
| 2016 | $77,563 | $727,260 | $326,046 | $401,214 |
| 2015 | -- | $666,600 | $298,851 | $367,749 |
| 2014 | -- | $633,270 | $252,166 | $381,104 |
| 2013 | -- | $858,420 | $258,818 | $599,602 |
Source: Public Records
Map
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