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Elgin 60123 Sunset Park
1079 south Street
$194,900
● House - Off Market

1079 south Street

Elgin, IL 60123
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,230 Ft²
$200,701
RealtyHop Estimate
2.98%
Since Apr 1, 2022
National-US
Primary Model

About This Property

SUNSET PARK SUBDIVISION: THIS HOME HAS A LOT TO OFFER,  4 BEDROOMS OR 3 BEDROOMS, WITH A FORMAL DINING ROOM, 1.5 BATHROOMS, ENCLOSED BACK PORCH, FULL BASEMENT, 1.5 CAR GARAGE WITH EXTENDED DRIVEWAY. FOR UNDER 200K, HURRY WON'T LAST...
Unit Size
1,230 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$158
Property Type
House
Property Taxes
$365
HOA Dues
-
Year Built
1947

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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.

Last updated: 3 years ago (MRED MLS #11253830)

Price History

Date / Event Date Event Price
Mar 10, 2022 Sold
Premium
Sold
Oct 22, 2021 Listed by Zamudio Realty Group $194,900
Listed by Zamudio Realty Group

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 1947
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 28
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 500
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 820
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,750
  • Lot Size Depth Feet: 1,150
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,050
  • Gross Building Area: 2,050
  • Building Area: 1,230
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 1,230
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SUNSET PARK
  • Land Acres: 0000000132
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: SUNSET PARK LOT 10 BLOCK 1

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 854900

Geography

  • Parcel: 06-22-276-010
  • Block: 1
  • Lot: 10
  • Municipality: ELGIN
  • Latitude: 42.0259
  • Longitude: -88.3056

    Address

  • Full Address: 1079 South St
  • Address - House Number: 1079
  • Address - Street Name: South
  • Address - Suffix Type: St
  • State: IL
  • City Name: Elgin
  • Carrier Code: C047
  • 4-Digit Zip Code: 7261
  • Zip Code: 60123

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $472,690
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.1648
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 79
  • Final Value: 235,122
  • High Value: 273,886
  • Low Value: 196,359

    Market Valuation

  • Market Total Value: $181,612
  • Market Land Value: $41,657
  • Market Improvement Value: $139,955

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $60,513
  • Assessed Land Value: $13,880
  • Assessed Improvements Value: $46,633

    Sales

  • Current Sale Contract Date: Feb 23, 2022
  • Current Sale Recording Date: Mar 14, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 14124
  • Previous Sale Recording Date: Dec 30, 2011
  • Previous Sale Contract Date: Dec 13, 2011
  • Previous Sale Amount: $55,000
  • Previous Sale Document Type: 68
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 Southwest Elgin

Stats & Trends

Median Asking:

$299,896

Sale Price/ft²

$203

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1492 ft²

Average Home Age

62.8 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 2460 Otter Creek Lane, Elgin, IL, 60123

$3,900 /mo

  • 4 Beds
  • 2 Baths
2460 Otter Creek Lane, Elgin, IL, 60123 Listing by Ketan Thakkar

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Esther Zamudio, Zamudio Realty Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11253830
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 1079 South Street built and last sold?
The property at 1079 South Street was built in 1947 and last sold on Feb 23, 2022 for $195,000.
How much is this home worth?
The estimated value of the home located at 1079 South Street is $0.
What are some comparable homes to 1079 South Street?
There are currently no comparable homes to 1079 South Street.
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