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Elgin 60120 Northeast Elgin
1366 ALGONQUIN Drive
$330,000
● House - Off Market

1366 ALGONQUIN Drive

Elgin, IL 60120
bedrooms
4 Beds
bathrooms
2 Baths
$2,117
Est. Monthly
11.36%
Cap Rate

About This Property

Move-in ready and packed with charm! This beautiful 4-bedroom, 2-bath home features a stunning kitchen, fresh new flooring throughout, and upgraded appliances (dishwasher & microwave under a year old, washer & dryer under 2 yrs old!). Enjoy the oversized fenced yard-perfect for summer gatherings, pets, and play-while being just minutes from major highways, shopping, and dining. Nothing to do here but move in and relax while you take in the view of your huge backyard!
Unit Size
-
Days on Market
-
Land Size
0.19 acres
Price per sqft
-
Property Type
House
Property Taxes
$472
HOA Dues
-
Year Built
1964

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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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,246
  • Lot Size Depth Feet: 1,330
  • Lot Size Frontage Feet: 620
  • Total Building Area: 1,085
  • Gross Building Area: 1,085
  • Building Area: 1,085
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,085
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FOURTH ADD TO BLACKHAWK
  • Land Acres: 0000000189
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-34
  • Legal Description 1: (FOURTH) ADD TO (BLACKHAWK) MANOR A RESUB OF PT THIRD ADD TO BLACKHAWK MANOR OF LTS324-487 SEC 06-41-09

Neighborhood

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

Geography

  • District: 18
  • Parcel: 06-06-117-047-0000
  • Lot: 324-4
  • Meridian: SEC 06 TWN 41N RNG 09E
  • Municipality: HANOVER
  • Latitude: 42.065
  • Longitude: -88.2549

    Address

  • Full Address: 1366 Algonquin Dr
  • Address - House Number: 1366
  • Address - Street Name: Algonquin
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Elgin
  • Carrier Code: C007
  • 4-Digit Zip Code: 2322
  • Zip Code: 60120

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $547,691
  • Tax Rate Code Area: 18015

    Appraisal Valuation

  • Standard Deviation: 0.2331
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 297,057
  • High Value: 366,320
  • Low Value: 227,793

    Market Valuation

  • Market Total Value: $230,000
  • Market Land Value: $53,600
  • Market Improvement Value: $176,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $23,000
  • Assessed Land Value: $5,360
  • Assessed Improvements Value: $17,640

    Sales

  • Current Sale Contract Date: Jan 31, 2022
  • Current Sale Recording Date: Feb 10, 2022
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2204107069
  • Previous Sale Recording Date: Sep 01, 2004
  • Previous Sale Contract Date: Jul 28, 2004
  • Previous Sale Amount: $190,000
  • 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:

$300,000

Sale Price/ft²

$200

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1618 ft²

Average Home Age

61.5 years

Currently For Sale

14 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 1615 Maureen Drive, Hoffman Estates, IL, 60192

$4,000 /mo

  • 4 Beds
  • 2 Baths
  • 2,647 ft²
1615 Maureen Drive, Hoffman Estates, IL, 60192 Listing by Mungunzul Tumurbaatar

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Jesus Perez, Realty of America, LLC
Data Source: MRED, MLS# MRD12451900
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 1366 Algonquin Drive built and last sold?
The property at 1366 Algonquin Drive was built in 1964 and last sold on Jan 31, 2022 for $0.
How much is this home worth?
The estimated value of the home located at 1366 Algonquin Drive is $0.
What are some comparable homes to 1366 Algonquin Drive?
There are currently no comparable homes to 1366 Algonquin Drive.
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