Don't miss this rare opportunity to own a completely gut-rehabbed home approved by the Village of Schaumburg, situated on an ultra-rare 1.4-acre lot in the highly desirable Meadow Knolls neighborhood. Built with solid concrete construction and a full brick exterior, this home offers exceptional durability and energy efficiency. Virtually everything is new, including plumbing, electrical, HVAC, roof, and windows-providing peace of mind for years to come. The thoughtfully designed interior features over 5,000 square feet of living space, highlighted by a chef's kitchen with a large center island that's perfect for cooking, entertaining, and gathering with family and friends. The walkout basement includes a full bathroom and offers excellent potential for an in-law suite, guest quarters, or additional living space. Families will appreciate access to three highly rated schools, while shopping, dining, and entertainment are all conveniently nearby. Bring your landscaping ideas and make this exceptional property your own. A home of this size, quality, and lot size is a rare find-this one must be seen to be fully appreciated.
Active
$1,049,000
124 E Monterey Ave, Schaumburg, IL 60193
6beds
5,703sqft
:
Get pre-qualified$7,901/mo
Single Family Residence
Built in 1962
1.43 Acres Lot
$998,600 Zestimate®
$184/sqft
$-- HOA
What's special
Full brick exteriorLarge center islandWalkout basement
- 18 days |
- 993 |
- 37 |
Zillow last checked:
Listing updated:
Listed by:
James Spyropoulos 773-725-5555,
Devon Realty, Inc.
Source: MRED as distributed by MLS GRID,MLS#: 12705204
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Rooms
- Room types: Storage, Bedroom 5, Bedroom 6, Utility Room-Lower Level, Eating Area
Primary bedroom
- Features: Flooring (Hardwood), Window Treatments (Double Pane Windows, ENERGY STAR Qualified Windows, Insulated Windows, Screens, Some Tilt-In Windows), Bathroom (Full)
- Level: Second
- Area: 375 Square Feet
- Dimensions: 15X25
Bedroom 2
- Features: Flooring (Hardwood)
- Level: Second
- Area: 221 Square Feet
- Dimensions: 13X17
Bedroom 3
- Features: Flooring (Hardwood)
- Level: Second
- Area: 176 Square Feet
- Dimensions: 11X16
Bedroom 4
- Features: Flooring (Hardwood)
- Level: Second
- Area: 210 Square Feet
- Dimensions: 15X14
Bedroom 5
- Features: Flooring (Hardwood)
- Level: Second
- Area: 182 Square Feet
- Dimensions: 13X14
Bedroom 6
- Features: Flooring (Hardwood)
- Level: Main
- Area: 196 Square Feet
- Dimensions: 14X14
Dining room
- Features: Flooring (Hardwood)
- Level: Main
- Area: 182 Square Feet
- Dimensions: 13X14
Eating area
- Features: Flooring (Hardwood)
- Level: Main
- Area: 121 Square Feet
- Dimensions: 11X11
Family room
- Features: Flooring (Porcelain Tile)
- Level: Basement
- Area: 992 Square Feet
- Dimensions: 32X31
Kitchen
- Features: Kitchen (Eating Area-Table Space, Island, Pantry-Closet, Custom Cabinetry, SolidSurfaceCounter, Updated Kitchen), Flooring (Hardwood)
- Level: Main
- Area: 270 Square Feet
- Dimensions: 18X15
Laundry
- Features: Flooring (Hardwood)
- Level: Second
- Area: 49 Square Feet
- Dimensions: 7X7
Living room
- Features: Flooring (Hardwood)
- Level: Main
- Area: 544 Square Feet
- Dimensions: 17X32
Storage
- Features: Flooring (Other)
- Level: Basement
- Area: 624 Square Feet
- Dimensions: 24X26
Other
- Features: Flooring (Other)
- Level: Basement
- Area: 480 Square Feet
- Dimensions: 20X24
Heating
- Natural Gas, Forced Air, Zoned
Cooling
- Central Air, Zoned
Appliances
- Included: Range, Microwave, Dishwasher, Refrigerator, Stainless Steel Appliance(s), Range Hood
- Laundry: Upper Level, Laundry Closet
Features
- 1st Floor Bedroom, In-Law Floorplan, 1st Floor Full Bath, Walk-In Closet(s), Open Floorplan, Separate Dining Room, Pantry, Quartz Counters
- Flooring: Hardwood
- Basement: Finished,Full
- Number of fireplaces: 2
- Fireplace features: Wood Burning, Family Room, Basement
Interior area
- Total structure area: 5,703
- Total interior livable area: 5,703 sqft
- Finished area below ground: 1,100
Property
Parking
- Total spaces: 2
- Parking features: Asphalt, Circular Driveway, Garage Door Opener, Yes, Garage Owned, Attached, Garage
- Attached garage spaces: 2
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: No Disability Access
Features
- Stories: 2
Lot
- Size: 1.43 Acres
- Dimensions: 259 X 166 X 216 X 177
Details
- Additional parcels included: 07342160140000
- Parcel number: 07342160130000
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Brick
- Foundation: Concrete Perimeter
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1962
- Major remodel year: 2025
Utilities & green energy
- Electric: 200+ Amp Service
- Sewer: Public Sewer
- Water: Well
Community & HOA
HOA
- Services included: None
Location
- Region: Schaumburg
Financial & listing details
- Price per square foot: $184/sqft
- Tax assessed value: $317,920
- Annual tax amount: $16,702
- Date on market: 7/14/2026
- Ownership: Fee Simple
Estimated market value
$998,600
$949,000 - $1.05M
$5,170/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/14/2026 | Listing removed | $1,099,000$193/sqft |
Source:  MRED as distributed by MLS GRID #12582832 Report a problem | ||
| 6/19/2026 | Listed for sale | $1,099,000-6.5%$193/sqft |
Source: MRED as distributed by MLS GRID #12582832 Report a problem | ||
| 12/8/2025 | Listing removed | $1,174,900$206/sqft |
Source: MRED as distributed by MLS GRID #12332029 Report a problem | ||
| 9/27/2025 | Price change | $1,174,900-2%$206/sqft |
Source: MRED as distributed by MLS GRID #12332029 Report a problem | ||
| 9/5/2025 | Listed for sale | $1,199,000+250.6%$210/sqft |
Source: MRED as distributed by MLS GRID #12332029 Report a problem | ||
| 8/19/2016 | Sold | $342,000$60/sqft |
Source: MRED as distributed by MLS GRID #08867018 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $8,388 +175.8% | $31,792 +40.8% |
| 2023 | $3,042 +21.8% | $22,572 +100.1% |
| 2022 | $2,498 -60.7% | $11,281 -53.6% |
| 2021 | $6,361 +7.8% | $24,316 |
| 2020 | $5,898 +3.7% | $24,316 |
| 2019 | $5,690 -29% | $24,316 -14.4% |
| 2018 | $8,011 -3% | $28,410 -4.2% |
| 2017 | $8,259 +0.8% | $29,647 |
| 2016 | $8,189 +2.9% | $29,647 +11.4% |
| 2015 | $7,961 +1.1% | $26,611 |
| 2014 | $7,874 +16.6% | $26,611 |
| 2013 | $6,752 +37.2% | $26,611 -7.1% |
| 2012 | $4,920 +111.9% | $28,635 |
| 2011 | $2,322 +17% | $28,635 |
| 2010 | $1,985 -39.6% | $28,635 +85% |
| 2009 | $3,288 +16.6% | $15,479 -4.3% |
| 2008 | $2,820 +3.5% | $16,168 |
| 2007 | $2,723 +25.6% | $16,168 +11.1% |
| 2006 | $2,168 -19.5% | $14,549 |
| 2005 | $2,694 +4.1% | $14,549 |
| 2004 | $2,587 -1.2% | $14,549 +1.1% |
| 2003 | $2,619 -1.8% | $14,384 |
| 2002 | $2,667 -5.6% | $14,384 |
| 2001 | $2,824 +2.5% | $14,384 |
| 2000 | $2,757 -0.5% | $14,384 |
| 1999 | $2,771 | $14,384 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 60193
Nearby schools
GreatSchools rating
- 9/10Frederick Nerge Elementary SchoolGrades: K-6Distance: 0.6 mi
- 9/10Margaret Mead Junior High SchoolGrades: 7-8Distance: 1.3 mi
- 10/10J B Conant High SchoolGrades: 9-12Distance: 2.4 mi
Schools provided by the listing agent
- Elementary: Fredrick Nerge Elementary School
- Middle: Margaret Mead Junior High School
- High: J B Conant High School
- District: 54
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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