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Elgin 60120 Northeast Elgin
1409 DUNDEE Avenue
Photo of 1409 DUNDEE Avenue

2

Map

Photo of 1409 DUNDEE Avenue
$295,000
● Land - For Sale

1409 DUNDEE Avenue

Elgin, IL 60120
bedrooms
Studio
bathrooms
0 Bath
$1,867
Est. Monthly
7.79%
Cap Rate

About This Property

Location, Location, Location! On Route 25(Dundee Ave.) in one of the fastest growth areas with unbeatable access to I90 tollway.  Corner lot with two separate pin numbers.  Approx. 1/2 acre-- 21000SF.  Two access/curb cuts on property.  Frontage on two roads--Rt.25(Dundee Ave.) and Stewart Ave. Lot is level. Also has a clean report from EPA.
Unit Size
-
Days on Market
-
Land Size
0.50 acres
Price per sqft
-
Property Type
Land
Property Taxes
$418
HOA Dues
-
Year Built
-

Listed By

Ben Henrikson

Payment Calculator

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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

Exterior Details
Lot Size Area: 21780
Lot Size Units: Square Feet
Lot Size Acres: 0.5
Lot Size Square Feet: 21780
Lot Size Dimensions: 151x145x137x188
Water Source: Municipal Water
Financial Details
Tax Annual Amount: $5,013

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,890
  • Lot Size Depth Feet: 1,460
  • Lot Size Frontage Feet: 740
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: C
  • Subdivision: TROUT PARK SUB
  • Land Acres: 0000000250
  • Standard Land Use Code: 2000
  • County Land Use Code: 0060
  • State Land Use Code: 0060
  • Legal Description 1: TROUT PARK SUBDN PART LOTS 1 & 2 BLOCK 1 AS DESC IN DOC #1815019

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 804404

Geography

  • Parcel: 06-01-429-008
  • Block: 1
  • Lot: 1,2
  • Municipality: ELGIN
  • Latitude: 42.0631
  • Longitude: -88.2648

    Address

  • Full Address: 1409 Dundee Ave
  • Address - House Number: 1409
  • Address - Street Name: Dundee
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Elgin
  • Zip Code: 60120

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $278,534
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: EL005

    Market Valuation

  • Market Total Value: $96,405
  • Market Land Value: $96,405

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $32,122
  • Assessed Land Value: $32,122

    Sales

  • Current Sale Contract Date: Jan 16, 2019
  • Current Sale Recording Date: Jan 18, 2019
  • Current Sale Document Type: 52
  • Current Sale Input Document Number: 2019K002501
  • Previous Sale Recording Date: Apr 12, 2005
  • Previous Sale Contract Date: Apr 06, 2005
  • Previous Sale Amount: $167,500
  • 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:

$302,500

Sale Price/ft²

$204

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1570 ft²

Average Home Age

57.6 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 506 Barrett Street, Elgin, IL, 60120

$2,500 /mo

  • 3 Beds
  • 1 Bath
  • 1,430 ft²
506 Barrett Street, Elgin, IL, 60120 Listing by Jesus Perez
Unit for rent at 620 Cobblestone Court, Elgin, IL, 60120

$2,395 /mo

  • 2 Beds
  • 2 Baths
  • 1,330 ft²
620 Cobblestone Court #620, Elgin, IL, 60120 Listing by Timothy Winfrey

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Ben Henrikson, RE/MAX Horizon
Data Source: MRED, MLS# MRD12452679
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 1409 Dundee Avenue built and last sold?
The property at 1409 Dundee Avenue was built in and last sold on Jan 16, 2019 for $0.
How much is this home worth?
The estimated value of the home located at 1409 Dundee Avenue is $297,950.
What are some comparable homes to 1409 Dundee Avenue?
There are currently no comparable homes to 1409 Dundee Avenue.
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