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Elgin 60123 North Country Knolls
1481 Easy Street
$350,000
● House - Off Market

1481 Easy Street

Elgin, IL 60123
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,356 Ft²
$2,253
Est. Monthly
7.10%
Cap Rate

About This Property

Welcome to this wonderful split level in Country Knolls. This beautifully updated home is move-in ready, offering a seamless transition to your new living space. This home features 3 bedrooms on the upper level, full living room dining room and kitchen on main level and family room with fireplace on lower level. Great back yard and extra deep garage. Sold as-is. Broker owned.
Unit Size
2,356 Ft²
Days on Market
-
Land Size
-
Price per sqft
$144
Property Type
House
Property Taxes
$584
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.

Last updated: 2 years ago (MRED MLS #12259486)

Price History

Date / Event Date Event Price
Jan 21, 2025 Sold
Premium
Sold
Dec 28, 2024 In contract -
In contract
Dec 20, 2024 Listed by Tanis Group Realty $339,900
Listed by Tanis Group Realty

Property Highlights

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,728
  • Lot Size Depth Feet: 1,280
  • Lot Size Frontage Feet: 760
  • Total Building Area: 2,356
  • Gross Building Area: 2,356
  • Building Area: 2,356
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 2,356
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BOULEVARD VILLA
  • Land Acres: 0000000223
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: BOULEVARD VILLA LOT 18

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 851904

Geography

  • Parcel: 06-15-177-013
  • Lot: 18
  • Municipality: ELGIN
  • Latitude: 42.0379
  • Longitude: -88.3142

    Address

  • Full Address: 1481 Easy St
  • Address - House Number: 1481
  • Address - Street Name: Easy
  • Address - Suffix Type: St
  • State: IL
  • City Name: Elgin
  • Carrier Code: C075
  • 4-Digit Zip Code: 5126
  • Zip Code: 60123

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $661,234
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.1389
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 83
  • Final Value: 352,200
  • High Value: 401,122
  • Low Value: 303,278

    Market Valuation

  • Market Total Value: $246,870
  • Market Land Value: $57,473
  • Market Improvement Value: $189,397

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $82,257
  • Assessed Land Value: $19,150
  • Assessed Improvements Value: $63,107

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 12, 2013
  • Current Sale Recording Date: Jun 13, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 69
  • Current Sale Input Document Number: 2013K043602

    Financing

  • First Mortgage Financing Type: FIX
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 Northwest Elgin

Stats & Trends

Median Asking:

$365,000

Sale Price/ft²

$201

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1620 ft²

Average Home Age

44.4 years

Currently For Sale

40 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 30 S Commonwealth Avenue, Elgin, IL, 60123

$2,650 /mo

  • 3 Beds
  • 2 Baths
  • 1,088 ft²
30 S Commonwealth Avenue, Elgin, IL, 60123 Listing by Sharon Jasso

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Joseph Mueller, Tanis Group Realty
Last Updated: 2 years ago
Data Source: MRED, MLS# 12259486
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 1481 Easy Street built and last sold?
The property at 1481 Easy Street was built in 1964 and last sold on Jun 12, 2013 for $165,000.
How much is this home worth?
The estimated value of the home located at 1481 Easy Street is $350,995.
What are some comparable homes to 1481 Easy Street?
There are currently no comparable homes to 1481 Easy Street.
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