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Elgin 60120 Northeast Elgin
1199 Iroquois Drive
$334,900
● House - Off Market

1199 Iroquois Drive

Elgin, IL 60120
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,792 Ft²
$2,021
Est. Monthly
5.82%
Cap Rate

About This Property

Do not miss an opportunity to own a beautiful brick ranch house in Elgin! Proud ownership clearly visible. Open concept on the main floor. 3 bedrooms and 2 bathrooms. Kitchen features: cherry wood cabinets , specious island, granite countertops, GE stainless steel appliances, marble backsplash and recessed ceiling lights. Both bathrooms were remodeled using natural marble tiles. Nice and bright hardwood floors on the main level.   Finished basement. Long driveway leads to 2 car detached garage.  Generously sized and fully fenced backyard. Roof/ gutters were replaced in 2018. All windows are new (2022) along with vinyl siding on garage. House is conveniently located close to all major highways. Schedule your showing today ! Closing end of October.
Unit Size
1,792 Ft²
Days on Market
-
Land Size
-
Price per sqft
$187
Property Type
House
Property Taxes
$376
HOA Dues
-
Year Built
1956

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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

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 28
  • Exterior Walls Type: 24
  • 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: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,200
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 600
  • Total Building Area: 957
  • Gross Building Area: 957
  • Building Area: 957
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 957
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FIRST ADD TO BLACKHAWK MANOR
  • Land Acres: 0000000165
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-02
  • Legal Description 1: (FIRST) ADD TO (BLACKHAWK)(MANOR) SUB A SUB PT OF SEC S 6 & 7 SEC 07-41-09

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 804313

Geography

  • District: 18
  • Parcel: 06-06-111-007-0000
  • Lot: 117
  • Meridian: SEC 07 TWN 41N RNG 09E
  • Municipality: HANOVER
  • Latitude: 42.06
  • Longitude: -88.2604

    Address

  • Full Address: 1199 Iroquois Dr
  • Address - House Number: 1199
  • Address - Street Name: Iroquois
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Elgin
  • Carrier Code: C007
  • 4-Digit Zip Code: 2575
  • Zip Code: 60120

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $435,822
  • Tax Rate Code Area: 18015

    Appraisal Valuation

  • Standard Deviation: 0.2331
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 250,087
  • High Value: 308,398
  • Low Value: 191,775

    Market Valuation

  • Market Total Value: $190,000
  • Market Land Value: $46,800
  • Market Improvement Value: $143,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $19,000
  • Assessed Land Value: $4,680
  • Assessed Improvements Value: $14,320

    Sales

  • Current Sale Contract Date: Jan 23, 2004
  • Current Sale Recording Date: Feb 04, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 0403514206
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

1651 ft²

Average Home Age

58.2 years

Currently For Sale

17 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 113 Elm Street, Elgin, IL, 60123

$1,900 /mo

  • 2 Beds
  • 1 Bath
  • 858 ft²
113 Elm Street #B, Elgin, IL, 60123 Listing by Natalie Kofie
Unit for rent at 40 Dupage Court, Elgin, IL, 60120

$2,050 /mo

  • 2 Beds
  • 2 Baths
  • 969 ft²
40 Dupage Court #209, Elgin, IL, 60120 Listing by Andrew Stoll

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Paulina Swierczek, Hometown Real Estate
Data Source: MRED, MLS# MRD12104475
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 1199 Iroquois Drive built and last sold?
The property at 1199 Iroquois Drive was built in 1956 and last sold on Jan 23, 2004 for $180,000.
How much is this home worth?
The estimated value of the home located at 1199 Iroquois Drive is $346,470.
What are some comparable homes to 1199 Iroquois Drive?
There are currently no comparable homes to 1199 Iroquois Drive.
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