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South Elgin 60177
1578 River Road
$72,500
● Land - Off Market

1578 River Road

South Elgin, IL 60177
bedrooms
Studio
bathrooms
0 Bath
$470
Est. Monthly
32.92%
Cap Rate

About This Property

Sold during processing
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Land
Property Taxes
$76
HOA Dues
-
Year Built
-

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

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: 7,000
  • 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: R
  • Subdivision: HOLLYWOOD SUB
  • Land Acres: 0000000160
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: HOLLYWOOD SUB 2ND ADDN LOT 69 (EX NELY 10 FT)

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 851801

Geography

  • Parcel: 06-26-426-029
  • Lot: 69
  • Municipality: ELGIN
  • Latitude: 42.0065
  • Longitude: -88.2862

    Address

  • Full Address: 1578 River Rd
  • Address - House Number: 1578
  • Address - Street Name: River
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: South Elgin
  • Carrier Code: R056
  • 4-Digit Zip Code: 1334
  • Zip Code: 60177

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $462,216
  • Tax Rate Code Area: EL012

    Appraisal Valuation

  • Standard Deviation: 0.1567
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 80
  • Final Value: 245,064
  • High Value: 283,466
  • Low Value: 206,662

    Market Valuation

  • Market Total Value: $161,200
  • Market Land Value: $34,346
  • Market Improvement Value: $126,855

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $53,712
  • Assessed Land Value: $11,444
  • Assessed Improvements Value: $42,268

    Sales

  • Current Sale Contract Date: Jul 27, 2004
  • Current Sale Recording Date: Sep 27, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2004K126973
  • Previous Sale Recording Date: Jul 18, 2002
  • Previous Sale Contract Date: Jul 03, 2002
  • Previous Sale Amount: $125,000
  • Previous Sale Document Type: 27
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 South Elgin

Stats & Trends

Median Asking:

$365,000

Sale Price/ft²

$216

Below Asking

0.01%

Average Days on Market

42

Average Home Size

2123 ft²

Average Home Age

22.6 years

Currently For Sale

35 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 1 Linden Court, South Elgin, IL, 60177

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,442 ft²
1 Linden Court, South Elgin, IL, 60177 Listing by Katrina Hish
Unit for rent at 280 S East Avenue, South Elgin, IL, 60177

$2,195 /mo

  • 2 Beds
  • 1 Bath
  • 1,423 ft²
280 S East Avenue, South Elgin, IL, 60177 Listing by Lawrence Hines

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Ron Ewing, RE/MAX Horizon
Data Source: MRED, MLS# MRD12392727
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 1578 River Road built and last sold?
The property at 1578 River Road was built in and last sold on Jul 27, 2004 for $160,000.
How much is this home worth?
The estimated value of the home located at 1578 River Road is $80,800.
What are some comparable homes to 1578 River Road?
There are currently no comparable homes to 1578 River Road.
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