$81,299
●
House -
Off Market
1184 Morton Avenue
ELGIN, IL 60120
3 Beds
3 Baths,
1
Half Bath
1,278 Ft²
$112,944
RealtyHop Estimate
61.58%
Since Jun 1, 2017
National-US
Primary Model
About This Property
Nice location in a residential classic homes neighborhood. Home has
many plusses with architectural nooks and crannies. Large living
room dining room and bigger kitchen with eating area nook. Hardwood
floors throughout first floor. First floor bedroom and full bath a
plus. Basement has been finished with fireplace. Good sized lot
that is fenced in all set up with large deck for above ground pool.
Please note this home will be a cash only transaction as there is
extensive fire damage on the 2nd floor. Opportunity awaits the
entrepreneurial individual that wants to make a fabulous classic
home and has the ability to do the hard core rehab. Nice front
porch would be great to have coffee or a frosty beverage after a
long hard day.
Unit Size
1,278 Ft²
Days on Market
-
Land Size
-
Price per sqft
$55
Property Type
House
Property Taxes
$359
HOA Dues
-
Year Built
1930
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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 #09591738)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 29, 2021 | Sold | ||
| Sold | |||
| Jun 18, 2021 | Listed by Grid 7 Properties | $259,900 | |
| Listed by Grid 7 Properties | |||
| | |||
|
This home is located on one of the least known streets of Elgin. Quiet, hidden, and amazingly appointed. The home was completely remodeled in 2017. A first floor bedroom and full bath along with 2 more full bedrooms and a full bath upstairs. A large fenced in back yard that will most certainly handle all of your entertaining goals. A covered front porch to watch the sunrise with a cup of coffee and a finished basement with another full bath to escape in. Don't wait long, this one will be under contract in short order.
| |||
| May 19, 2017 | Sold | ||
| Sold | |||
| Apr 11, 2017 | Listed by Partners Real Estate of IL | $69,900 | |
| Listed by Partners Real Estate of IL | |||
Property Highlights
Garage
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Northeast Elgin
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Listed by: , Partners Real Estate of IL
Last Updated: 3 years ago
Data Source: MRED, MLS# 09591738
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.
Last Updated: 3 years ago
Data Source: MRED, MLS# 09591738
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