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Elgin 60120 Northeast Elgin
1165 Hill Avenue
$235,000
● House - Off Market

1165 Hill Avenue

Elgin, IL 60120
bedrooms
1 Bed
bathrooms
2 Baths
square feet
1,026 Ft²
$248,500
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

Updated Ranch in Elgin! Kitchen with beautiful Quartz countertops and new stainless-steel appliances! Refinished hardwood floors, new popular LVT flooring, carpet and freshly painted throughout! Full basement with additional full bath and attached garage! Close to all accommodations including schools, parks, shops, restaurants and more! NO FHA
Unit Size
1,026 Ft²
Days on Market
-
Land Size
-
Price per sqft
$244
Property Type
House
Property Taxes
$433
HOA Dues
-
Year Built
1951

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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 #11769236)

Price History

Date / Event Date Event Price
Aug 9, 2023 Sold
Premium
Sold
Apr 27, 2023 Listed by Grandview Realty, LLC $249,900
Listed by Grandview Realty, LLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 28
  • Exterior Walls Type: 2
  • 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: 825
  • Garage Type: 1
  • Parking Space Count: 1
  • 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: 1,851
  • Gross Building Area: 1,851
  • Building Area: 1,026
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 1,026
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RIVERSIDE PARK ADDN
  • Land Acres: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: RIVERSIDE PARK ADDN LOT 9 BLOCK 3

Neighborhood

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

Geography

  • Parcel: 06-12-203-001
  • Block: 3
  • Lot: 9
  • Municipality: ELGIN
  • Latitude: 42.0589
  • Longitude: -88.2702

    Address

  • Full Address: 1165 Hill Ave
  • Address - House Number: 1165
  • Address - Street Name: Hill
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Elgin
  • Carrier Code: C005
  • 4-Digit Zip Code: 2248
  • Zip Code: 60120

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $543,532
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.2241
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 69
  • Final Value: 233,995
  • High Value: 286,455
  • Low Value: 181,535

    Market Valuation

  • Market Total Value: $206,131
  • Market Land Value: $48,079
  • Market Improvement Value: $158,052

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $68,683
  • Assessed Land Value: $16,020
  • Assessed Improvements Value: $52,663

    Sales

  • Current Sale Contract Date: Aug 25, 2023
  • Current Sale Recording Date: Sep 08, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 31367
  • Previous Sale Recording Date: Mar 22, 2023
  • Previous Sale Contract Date: Mar 22, 2023
  • Previous Sale Amount: $165,000
  • 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:

$305,000

Sale Price/ft²

$200

Below Asking

0.01%

Average Days on Market

46

Average Home Size

1632 ft²

Average Home Age

60.9 years

Currently For Sale

19 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 39 Leonard Street, Elgin, IL, 60123

$2,200 /mo

  • 3 Beds
  • 1 Bath
  • 1,200 ft²
39 Leonard Street #1, Elgin, IL, 60123 Listing by Monika Vera

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Christopher Lobrillo, Grandview Realty, LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11769236
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 1165 Hill Avenue built and last sold?
The property at 1165 Hill Avenue was built in 1951 and last sold on Aug 25, 2023 for $235,000.
How much is this home worth?
The estimated value of the home located at 1165 Hill Avenue is $250,392.
What are some comparable homes to 1165 Hill Avenue?
There are currently no comparable homes to 1165 Hill Avenue.
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