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Elgin 60120 Southeast Elgin
1366 INVERNESS Drive #0
$190,000
● House - Off Market

1366 INVERNESS Drive #0

ELGIN, IL 60120
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
$327,511
RealtyHop Estimate
72.37%
Since Aug 1, 2007
National-US
Primary Model

About This Property

FRESHLY PAINTED DUPLEX, VACANT AND READY FOR NEW OWNERS! NICE SIZE 3 BEDROOMS ONE AND ONE HALF BATHS, FAMILY ROOM, EAT IN KITCHEN, ONE CAR ATTACHED GARAGE. MUST SEE!  SELLER WILLING TO HELP WITH CLOSING COSTS.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$298
HOA Dues
-
Year Built
1983

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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

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • 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: 10
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,626
  • Lot Size Depth Feet: 1,220
  • Lot Size Frontage Feet: 450
  • Total Building Area: 1,530
  • Gross Building Area: 1,530
  • Building Area: 1,530
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,530
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PARKWOOD 02 UNIT 01
  • Land Acres: 0000000129
  • Standard Land Use Code: 1002
  • County Land Use Code: 2-95
  • Legal Description 1: WEST 45 74 OF LOT 87 IN PARKWOOD II UNIT 1 OF PARTS OF SEC17+ T41N R0 9E 3P

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 804406

Geography

  • District: 18
  • Parcel: 06-20-105-050-0000
  • Lot: 87
  • Meridian: SEC 20 TWN 41N RNG 9E
  • Municipality: HANOVER
  • Latitude: 42.0249
  • Longitude: -88.239

    Address

  • Full Address: 1366 Inverness Dr
  • Address - House Number: 1366
  • Address - Street Name: Inverness
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Elgin
  • Carrier Code: C027
  • 4-Digit Zip Code: 8165
  • Zip Code: 60120

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $463,742
  • Tax Rate Code Area: 18029

    Appraisal Valuation

  • Standard Deviation: 0.2478
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 65
  • Final Value: 266,126
  • High Value: 332,086
  • Low Value: 200,165

    Market Valuation

  • Market Total Value: $200,000
  • Market Land Value: $30,000
  • Market Improvement Value: $170,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $20,000
  • Assessed Land Value: $3,000
  • Assessed Improvements Value: $17,000

    Sales

  • Current Sale Contract Date: Jul 27, 2007
  • Current Sale Recording Date: Sep 04, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 0724757067
  • Previous Sale Recording Date: May 05, 2003
  • Previous Sale Contract Date: Mar 01, 2003
  • Previous Sale Amount: $149,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

About Southeast Elgin

Stats & Trends

Median Asking:

$310,000

Sale Price/ft²

$212

Below Asking

0.01%

Average Days on Market

45

Average Home Size

1476 ft²

Average Home Age

49.5 years

Currently For Sale

24 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 1024 Moraine Drive, South Elgin, IL, 60177

$2,800 /mo

  • 3 Beds
  • 2 Baths
  • 1,840 ft²
1024 Moraine Drive, South Elgin, IL, 60177 Listing by Moin Haque

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Esther Zamudio, GRI,SRES, RE/MAX Horizon
Data Source: MRED, MLS# MRD06360896
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 Inverness Drive built and last sold?
The property at 1366 Inverness Drive was built in 1983 and last sold on Jul 27, 2007 for $190,000.
How much is this home worth?
The estimated value of the home located at 1366 Inverness Drive is $325,607.
What are some comparable homes to 1366 Inverness Drive?
There are currently no comparable homes to 1366 Inverness Drive.
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