For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Elgin 60120 Northeast Elgin
1040 Hill Avenue
$261,000
● House - Off Market

1040 Hill Avenue

Elgin, IL 60120
bedrooms
2 Beds
bathrooms
2 Baths
square feet
948 Ft²
$1,570
Est. Monthly
7.96%
Cap Rate

About This Property

Charming 2 bedroom, 2 bath ranch home located in the heart of Elgin. You will love the original hardwood floors throughout. New York style kitchen with pantry, large dining room, living room with fireplace, sunroom, inviting enclosed front porch. There's additional living space in the Full basement partially finished with 2 bonus rooms, family room, and tons of storage space. Private fenced backyard with a flagstone patio & firepit. Tons of beautiful perennials surround the home! New landscaping, new front steps, new sewer line to house. NEW Roof April 2024. This home has been lovingly cared for and meticulously maintained! Walking distance to the Fox River & more! Show with confidence! This is a must see!
Unit Size
948 Ft²
Days on Market
-
Land Size
-
Price per sqft
$264
Property Type
House
Property Taxes
$343
HOA Dues
-
Year Built
1928

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate 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 #12014183)

Price History

Date / Event Date Event Price
May 31, 2024 Sold
Premium
Sold
Apr 16, 2024 Listed by Keller Williams Inspire - Geneva $249,900
Listed by Keller Williams Inspire - Geneva

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1928
  • Effective Year Built: 1928
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 948
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,600
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,896
  • Gross Building Area: 1,896
  • Building Area: 948
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 5
  • Heating: 0
  • Heated Square Feet: 948
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: R N BOTSFORDS ADDN
  • Land Acres: 0000000152
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: R N BOTSFORDS ADDN LOT 2 BLOCK 3

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 850800

Geography

  • Parcel: 06-12-210-015
  • Block: 3
  • Lot: 2
  • Municipality: ELGIN
  • Latitude: 42.0566
  • Longitude: -88.2709

    Address

  • Full Address: 1040 Hill Ave
  • Address - House Number: 1040
  • Address - Street Name: Hill
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Elgin
  • Carrier Code: C005
  • 4-Digit Zip Code: 2430
  • Zip Code: 60120

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $411,220
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.1698
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 78
  • Final Value: 221,439
  • High Value: 259,059
  • Low Value: 183,819

    Market Valuation

  • Market Total Value: $160,336
  • Market Land Value: $39,046
  • Market Improvement Value: $121,291

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $53,424
  • Assessed Land Value: $13,010
  • Assessed Improvements Value: $40,414

    Sales

  • Current Sale Contract Date: Aug 28, 1998
  • Current Sale Recording Date: Sep 01, 1998
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 98K078989
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 Northeast Elgin

Stats & Trends

Median Asking:

$307,450

Sale Price/ft²

$202

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1475 ft²

Average Home Age

56.6 years

Currently For Sale

18 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 113 Elm Street, Elgin, IL, 60123

$1,900 /mo

  • 2 Beds
  • 1 Bath
  • 858 ft²
113 Elm Street #B, Elgin, IL, 60123 Listing by Natalie Kofie
Unit for rent at 40 Dupage Court, Elgin, IL, 60120

$2,075 /mo

  • 2 Beds
  • 2 Baths
  • 969 ft²
40 Dupage Court #409, Elgin, IL, 60120 Listing by Andrew Stoll

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Brenda D'Amore, Keller Williams Inspire - Geneva
Last Updated: 3 years ago
Data Source: MRED, MLS# 12014183
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 1040 Hill Avenue built and last sold?
The property at 1040 Hill Avenue was built in 1928 and last sold on Aug 28, 1998 for $103,000.
How much is this home worth?
The estimated value of the home located at 1040 Hill Avenue is $0.
What are some comparable homes to 1040 Hill Avenue?
There are currently no comparable homes to 1040 Hill Avenue.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Elgin Homes for Sale
Elgin Houses for Sale
Elgin Condos for Sale
Elgin Townhouses for Sale
Elgin Multifamily for Sale
Elgin Land for Sale
Elgin Commercial for Sale
Elgin Homes with Basements
Nearby Cities
Schaumburg Homes for Sale
Palatine Homes for Sale
Arlington Heights Homes for Sale
Wheaton Homes for Sale
Lombard Homes for Sale
Crystal Lake Homes for Sale
Hoffman Estates Homes for Sale
Bartlett Homes for Sale
Nearby Property Records
Kane County, IL Property Records
DuPage County, IL Property Records
McHenry County, IL Property Records
DeKalb County, IL Property Records
Boone County, IL Property Records
Kendall County, IL Property Records
Cook County, IL Property Records
Will County, IL Property Records
Neighborhoods
Four Colonies Real Estate
Lake In The Hills Estates Real Estate
Meadowbrook Real Estate
Crystal Lake Real Estate
Northeast Elgin Real Estate
Buffalo Grove Real Estate
Coventry Real Estate
Boulder Ridge Country Club Estates Real Estate
Nearby Counties
York Homes for Sale
Schaumburg Homes for Sale
Milton Homes for Sale
Palatine Homes for Sale
Algonquin Homes for Sale
Bloomingdale Homes for Sale
Hanover Homes for Sale
Elk Grove Homes for Sale
Top Real Estate Agents
Top Agents in Northeast Elgin
Top Agents in Elgin
Top Agents in York
Top Agents in Schaumburg
Top Agents in Milton
Top Agents in Palatine
Top Agents in Algonquin
Top Agents in Bloomingdale