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Elgin 60120 Northeast Elgin
1162 Bellevue Avenue
$15,000
● Land - Off Market

1162 Bellevue Avenue

ELGIN, IL 60120
bedrooms
Studio
bathrooms
0 Bath
$28,204
RealtyHop Estimate
77.38%
Since Nov 1, 2015
National-US
Primary Model

About This Property

Lot is located in Riverside Park Addition to Elgin.  Established neighborhood, all city utilities are available and close to revitalized Historic District.  Lot will require minimal clearing to start a build-out.  Time to take advantage of the fenced in lot priced well!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Land
Property Taxes
$81
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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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 #08919112)

Price History

Date / Event Date Event Price
Oct 13, 2015 Sold
Premium
Sold
May 11, 2015 Listed by Swanson Real Estate $15,900
Listed by Swanson Real Estate

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,712
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 660
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: RIVERSIDE PARK ADDN
  • Land Acres: 0000000200
  • Standard Land Use Code: 8000
  • County Land Use Code: 0030
  • State Land Use Code: 0030
  • Legal Description 1: RIVERSIDE PARK ADDN LOT 5 BLOCK 6

Neighborhood

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

Geography

  • Parcel: 06-12-128-002
  • Block: 6
  • Lot: 5
  • Municipality: ELGIN
  • Latitude: 42.0586
  • Longitude: -88.2733

    Address

  • Full Address: 1162 Bellevue Ave
  • Address - House Number: 1162
  • Address - Street Name: Bellevue
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Elgin
  • Carrier Code: C005
  • 4-Digit Zip Code: 2251
  • Zip Code: 60120

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $126,590
  • Tax Rate Code Area: EL005

    Market Valuation

  • Market Total Value: $43,815
  • Market Land Value: $43,815

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $14,599
  • Assessed Land Value: $14,599
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:

$305,000

Sale Price/ft²

$200

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1708 ft²

Average Home Age

60.5 years

Currently For Sale

16 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 517 E Chicago Street, Elgin, IL, 60120

$925 /mo

  • 1 Bed
  • 1 Bath
  • 430 ft²
517 E Chicago Street #1, Elgin, IL, 60120 Listing by Katrina Hish

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Mary Hager-Swanson, Swanson Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 08919112
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 1162 Bellevue Avenue built and last sold?
The property at 1162 Bellevue Avenue was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1162 Bellevue Avenue is $0.
What are some comparable homes to 1162 Bellevue Avenue?
There are currently no comparable homes to 1162 Bellevue Avenue.
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