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Kane 60177
1030 West Drive
$118,000
● House - Off Market

1030 West Drive

South Elgin, IL 60177
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,360 Ft²
$747
Est. Monthly
20.24%
Cap Rate

About This Property

Short Sale Approved! This 2 bedroom, 1 bath home offers a rare opportunity to restore and customize a property with incredible potential. Renovations have been started and the home is currently down to the studs, ready for your ideas and craftsmanship to bring it back to life. Enjoy breathtaking views of the Fox River from the deck and windows in a peaceful, relaxing setting. Whether you're looking to fix and flip or create a charming retreat, this location is a true gem. **Important Details: Short sale approved; Property is sold in AS IS condition; Cash offers only; Located within the regulatory floodway of the Fox River** New in 2022 roof, siding, masonry, well and septic. Don't miss out on this diamond in the rough-schedule your showing today and imagine the possibilities!
Unit Size
1,360 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$88
Property Type
House
Property Taxes
$162
HOA Dues
-
Year Built
1945

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Property Highlights

Parking Available
With View

Building Info

Overview

    General

  • Year Built: 1945
  • Effective Year Built: 1969
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 28
  • Exterior Walls Type: 23
  • Interior Walls Type: 3
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 4
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,350
  • Lot Size Depth Feet: 1,390
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,360
  • Gross Building Area: 1,360
  • Building Area: 1,360
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,360
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ISLAND PARK FARMS
  • Land Acres: 0000000169
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: LOT 11 ISLAND PARK FARMS

Neighborhood

  • School District Name: St. Charles Community Unit School District 303
  • Census Tract: 852001

Geography

  • Parcel: 09-02-179-009
  • Lot: 11
  • Municipality: SAINT CHARLES
  • Latitude: 41.9831
  • Longitude: -88.2928

    Address

  • Full Address: 1030 West Dr
  • Address - House Number: 1030
  • Address - Street Name: West
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: South Elgin
  • Carrier Code: R056
  • 4-Digit Zip Code: 2534
  • Zip Code: 60177

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $203,450
  • Tax Rate Code Area: SC003

    Appraisal Valuation

  • Standard Deviation: 0.1649
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 79
  • Final Value: 161,641
  • High Value: 188,308
  • Low Value: 134,974

    Market Valuation

  • Market Total Value: $75,294
  • Market Land Value: $75,291
  • Market Improvement Value: $3

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $25,088
  • Assessed Land Value: $25,087
  • Assessed Improvements Value: $1

    Sales

  • Current Sale Contract Date: Jul 06, 2022
  • Current Sale Recording Date: Jul 25, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 37655
  • Previous Sale Recording Date: Apr 06, 2021
  • Previous Sale Contract Date: Apr 01, 2021
  • Previous Sale Amount: $62,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Kane

Stats & Trends

Median Asking:

$400,000

Sale Price/ft²

$216

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2372 ft²

Average Home Age

33.2 years

Currently For Sale

875 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 280 S East Avenue, South Elgin, IL, 60177

$2,195 /mo

  • 2 Beds
  • 1 Bath
  • 1,423 ft²
280 S East Avenue, South Elgin, IL, 60177 Listing by Lawrence Hines

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Elizabeth Bos, Fulton Grace Realty
Data Source: MRED, MLS# MRD12479314
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.

Frequently Asked Questions

When was property at 1030 West Drive built and last sold?
The property at 1030 West Drive was built in 1945 and last sold on Jul 6, 2022 for $74,000.
How much is this home worth?
The estimated value of the home located at 1030 West Drive is $129,834.
What are some comparable homes to 1030 West Drive?
There are currently no comparable homes to 1030 West Drive.
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