$250,000
●
Land -
Off Market
1550 Dale Drive
Elgin, IL 60120
Studio
0 Bath
$0
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model
About This Property
Auction - July 22, 2023 A gorgeous 5.11 acre (or 222,592
square foot) residential development site in Elgin is available for
sale at auction. The parcel provides a wealth of developmental
possibilities - divide into different home lots or build to suit.
The zoning allows for horses to be kept on the property, with its
gorgeous prairie, shrubs and mature trees. Close proximity to
shopping, restaurants and Elgin Historic District, this site can be
developed for a multiple uses and is a phenomenal opportunity for a
builder or developer.
Unit Size
-
Days on Market
-
Land Size
4.96 acres
Price per sqft
-
Property Type
Land
Property Taxes
$1,015
HOA Dues
-
Year Built
2002
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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: 3 years ago (MRED MLS #11791147)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 4, 2023 | Sold | ||
| Sold | |||
| May 24, 2023 | Listed by Millennium Properties RE, Inc. | $0 | |
| Listed by Millennium Properties RE, Inc. | |||
| Mar 13, 2023 | No longer available | - | |
| No longer available | |||
| Aug 11, 2021 | No longer available | - | |
| No longer available | |||
| Aug 10, 2021 | Listed by Patron, Inc (dba RE/MAX Horizon) | $675,000 | |
| Listed by Patron, Inc (dba RE/MAX Horizon) | |||
| | |||
|
Spectacular opportunity to purchase brand new construction on a beautiful private wooded 4 plus acre setting located on a cul-de-sac with quick access to I-90. This gorgeous custom ranch features an open floor concept with spacious living, dining, and kitchen perfect for entertaining. The attached screened porch will be perfect for summer nights. The separation of the bedrooms provides privacy if you have guests! Gracious size master bedroom with private bath! Convenient 1st floor laundry! Unfinished basement great for storage or finishing at a later date. Want a different floor plan or have your own plans? That is ok. Seller very flexible to put a package together. Drive by the lot and you will see for yourself how pretty it is! Bring your ideas as we are open. Close to Schaumburg and Hoffman Estates! Let's talk! The manager has listed the unit size as 2100 square feet.
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Listed by: Daniel Hyman, Millennium Properties RE, Inc.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11791147
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.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11791147
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