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Elgin 60123 Southwest Elgin
1590 Alison Drive
$285,000
● House - Off Market

1590 Alison Drive

Elgin, IL 60123
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,428 Ft²
$1,784
Est. Monthly
13.10%
Cap Rate

About This Property

4 bedroom + 1.5 bath + full basement. Large living room. Huge kitchen. Attached 2 car garage. Full brick home. Nice big yard. Sold AS-IS. Broker interest.
Unit Size
1,428 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$188
Property Type
House
Property Taxes
$463
HOA Dues
-
Year Built
1966

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Cap Rate Calculator

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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.

Last updated: 3 years ago (MRED MLS #12090283)

Price History

Date / Event Date Event Price
Jul 29, 2024 Sold
Premium
Sold
Jun 25, 2024 In contract -
In contract
Jun 20, 2024 Listed by Charles Rutenberg Realty of IL $269,000
Listed by Charles Rutenberg Realty of IL

Property Highlights

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,428
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,991
  • Total Building Area: 2,856
  • Gross Building Area: 2,856
  • Building Area: 1,428
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 1,428
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COUNTRY KNOLLS
  • Land Acres: 0000000321
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: COUNTRY KNOLLS UNIT 7 LOT 233

Neighborhood

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

Geography

  • Parcel: 06-15-305-016
  • Lot: 233
  • Municipality: ELGIN
  • Latitude: 42.0337
  • Longitude: -88.3171

    Address

  • Full Address: 1590 Alison Dr
  • Legal Unit: 7
  • Address - House Number: 1590
  • Address - Street Name: Alison
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Elgin
  • Carrier Code: C054
  • 4-Digit Zip Code: 5903
  • Zip Code: 60123

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $635,568
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.1648
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 79
  • Final Value: 290,591
  • High Value: 338,500
  • Low Value: 242,683

    Market Valuation

  • Market Total Value: $219,979
  • Market Land Value: $65,993
  • Market Improvement Value: $153,986

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $73,297
  • Assessed Land Value: $21,989
  • Assessed Improvements Value: $51,308

    Sales

  • Current Sale Contract Date: Jul 11, 2016
  • Current Sale Recording Date: Jul 11, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 64
  • Current Sale Input Document Number: 2016K035044
  • Previous Sale Recording Date: Sep 25, 2002
  • Previous Sale Contract Date: Aug 30, 2002
  • Previous Sale Amount: $175,600
  • Previous Sale Document Type: 33
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 Southwest Elgin

Stats & Trends

Median Asking:

$299,898

Sale Price/ft²

$203

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1815 ft²

Average Home Age

62.3 years

Currently For Sale

21 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

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MRED

Listed by: Michael Zwemke, Charles Rutenberg Realty of IL
Last Updated: 3 years ago
Data Source: MRED, MLS# 12090283
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 1590 Alison Drive built and last sold?
The property at 1590 Alison Drive was built in 1966 and last sold on Jul 11, 2016 for $128,500.
How much is this home worth?
The estimated value of the home located at 1590 Alison Drive is $0.
What are some comparable homes to 1590 Alison Drive?
There are currently no comparable homes to 1590 Alison Drive.
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