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Elgin 60120 Northeast Elgin
1086 Hiawatha Drive
$220,000
● House - Off Market

1086 Hiawatha Drive

Elgin, IL 60120
bedrooms
2 Beds
bathrooms
2 Baths
$202,217
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model

About This Property

Why compromise when you can have it all! This solid ranch style 1/2 duplex is the perfect blend of the space of a single family home with the ease and convenience of condo living. This spacious home boasts freshly painted walls and new carpeting throughout. Spacious eat-in kitchen leads to the expansive living room with fireplace, perfect for entertaining! Full basement with living room, oversized bedroom, full bath and laundry room. Backyard with deck is perfect for hosting your summer bbq! All of this plus a 1 car attached garage. Low Cook County taxes. Located on an idyllic tree lined street within close proximity of shopping, grocery, and easy access to I-90. Schedule your private tour today!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$291
HOA Dues
-
Year Built
1975

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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

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 10
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,683
  • Total Building Area: 1,136
  • Gross Building Area: 1,136
  • Building Area: 1,136
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,136
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LORDS PARK MANOR 10
  • Land Acres: 0000000108
  • Standard Land Use Code: 1002
  • County Land Use Code: 2-95

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 804403

Geography

  • District: 18
  • Parcel: 06-07-121-020-0000
  • Lot: 354
  • Meridian: SEC 07 TWN 41N RNG 9E
  • Municipality: HANOVER
  • Latitude: 42.0564
  • Longitude: -88.2622

    Address

  • Full Address: 1086 Hiawatha Dr
  • Address - House Number: 1086
  • Address - Street Name: Hiawatha
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Elgin
  • Carrier Code: C025
  • 4-Digit Zip Code: 3132
  • Zip Code: 60120

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $435,851
  • Tax Rate Code Area: 18029

    Appraisal Valuation

  • Standard Deviation: 0.2478
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 65
  • Final Value: 248,046
  • High Value: 309,526
  • Low Value: 186,567

    Market Valuation

  • Market Total Value: $190,000
  • Market Land Value: $30,000
  • Market Improvement Value: $160,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $19,000
  • Assessed Land Value: $3,000
  • Assessed Improvements Value: $16,000

    Sales

  • Current Sale Contract Date: May 25, 2022
  • Current Sale Recording Date: Jun 22, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 49188
  • Previous Sale Recording Date: Aug 04, 2006
  • Previous Sale Contract Date: Jul 14, 2006
  • Previous Sale Amount: $176,000
  • Previous Sale Document Type: 71
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:

$309,950

Sale Price/ft²

$204

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1562 ft²

Average Home Age

65.6 years

Currently For Sale

20 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 1060 Stillwater Road, Elgin, IL, 60120

$2,150 /mo

  • 2 Beds
  • 2 Baths
  • 1,018 ft²
1060 Stillwater Road, Elgin, IL, 60120 Listing by David Erickson
Unit for rent at 801 N Shady Oaks Drive, Elgin, IL, 60120

$2,200 /mo

  • 2 Beds
  • 1 Bath
801 N Shady Oaks Drive #801, Elgin, IL, 60120 Listing by Christopher Davis

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Ryan McKane, Coldwell Banker Realty
Data Source: MRED, MLS# MRD11363338
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 1086 Hiawatha Drive built and last sold?
The property at 1086 Hiawatha Drive was built in 1975 and last sold on May 25, 2022 for $220,000.
How much is this home worth?
The estimated value of the home located at 1086 Hiawatha Drive is $201,899.
What are some comparable homes to 1086 Hiawatha Drive?
There are currently no comparable homes to 1086 Hiawatha Drive.
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