$510,000
●
Land -
Off Market
0000 Rohrsen Road
Elgin, IL 60124
Studio
0 Bath
$3,033
Est. Monthly
About This Property
***Attention Builders and Developers*** Prime Development
Potential*** Approximately 15.6 acres with 750 ft of frontage***
Currently zoned Agricultural, this Premium location is less than 5
miles from District 301's future, proposed, NEW, State of the Art,
High School Campus! Endless possibilities*** Property has already
been subdivided into three, 5+ acre parcels*** Conveniently located
close to I-90 / Rt. 20 / Rt. 72, highly desirable location***
Zoning is F District Farming*** Horses Allowed, 2 Non Ag buildings
allowed per 5 acre parcel, NO size restriction as long as within
the building lines/set backs/etc*** Can also pull unlimited Ag
Exempt Structure permits if needed*** If crops have already been
planted and have NOT been harvested yet, HARVEST RIGHTS WILL APPLY.
Unit Size
-
Days on Market
-
Land Size
15.59 acres
Price per sqft
-
Property Type
Land
Property Taxes
$87
HOA Dues
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100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (MRED MLS #12126784)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 27, 2024 | Sold | ||
| Sold | |||
| Dec 14, 2024 | In contract | - | |
| In contract | |||
| Aug 2, 2024 | No longer available | - | |
| No longer available | |||
| Aug 1, 2024 | Listed by Century 21 New Heritage - Hampshire | $599,900 | |
| Listed by Century 21 New Heritage - Hampshire | |||
| Feb 16, 2024 | Listed by Century 21 New Heritage - Hampshire | $599,900 | |
| Listed by Century 21 New Heritage - Hampshire | |||
| | |||
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Attention Builders and Developers: Prime Development Potential!! Approximately 15.6 acres with 750 ft of frontage, Currently zoned Agricultural, this Premium location is less than 5 miles from District 301's future, proposed, NEW, State of the Art, High School Campus! Endless possibilities! Property has already been subdivided into three, 5+ acre parcels! Conveniently located close to I-90 / Rt. 20 / Rt. 72, highly desirable location! ***Zoning is F District Farming, Horses Allowed, 2 Non Ag buildings allowed per 5 acre parcel, NO size restriction as long as within the building lines/set backs/etc... can also pull unlimited Ag Exempt Structure permits if needed... If crops have already been planted and have NOT been harvested yet, HARVEST RIGHTS WILL APPLY.
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About Kane
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Listed by: Kelly West, Century 21 New Heritage - Hampshire
Last Updated: 2 years ago
Data Source: MRED, MLS# 12126784
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 2 years ago
Data Source: MRED, MLS# 12126784
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