$475,000
●
House -
Off Market
101 Mavis Avenue
South Elgin, IL 60177
5 Beds
5 Baths,
1
Half Bath
4,208 Ft²
$3,335
Est. Monthly
7.01%
Cap Rate
About This Property
Don't miss this opportunity to live in a home where nature's beauty
lies just beyond your doorstep. This 5-bedroom residence boasts a
full basement with crawl space access, plenty space for
entertaining, and over 4,200 square feet. An in-law suite provides
privacy and convenience, featuring its own bedroom, bathroom, and
kitchen. This exceptional home is truly the spot for both
entertainment and relaxation as it sits along the Fox River! Roof
(2020), Refridgerator, Microwave, Dishwasher (2019), Washer/Dryer
(2019), Stove/ Oven Range (2019) and Main AC Unit/Heater (2020).
The property is being sold as-is.
Unit Size
4,208 Ft²
Days on Market
-
Land Size
-
Price per sqft
$119
Property Type
House
Property Taxes
$880
HOA Dues
-
Year Built
1968
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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: 3 years ago (MRED MLS #11935976)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 1, 2024 | Sold | ||
| Sold | |||
| Nov 23, 2023 | Listed by Coldwell Banker Realty | $500,000 | |
| Listed by Coldwell Banker Realty | |||
| Jul 29, 2017 | Listed | $450,000 | |
| Listed | |||
| | |||
|
What a gorgeous setting! Over 240 feet of beautiful waterfront. 2 boat docks, extra lot is included: 0626376017 with taxes o $350.00) Owner has put a building for his boat on that extra lot. Spacious, covered deck, gas grill & fire pit.The in-law suite is located on the first floor and has a full kitchen, bath and bedroom. The 3 1/2 car garage is perfect for that extra vehicle. Finished basement with a large room added for storage. Large rooms with hardwood flooring. First floor master bedroom with luxury bath. 1" cedar boards in the vaulted ceilings. Roof has 50 year transferable warranty. Located on a dead end street for privacy. (I saw a boat with water skier on the day I listed this wonderful home). The manager has listed the unit size as 4208 square feet.
| |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About South Elgin
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Listed by: Kerwin Alvero, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11935976
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: 3 years ago
Data Source: MRED, MLS# 11935976
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