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Elgin 60120 Gifford Park
16 N Channing Street
$160,000
● House - Off Market

16 N Channing Street

ELGIN, IL 60120
bedrooms
4 Beds
bathrooms
1 Bath
square feet
2,232 Ft²
$252,723
RealtyHop Estimate
63.05%
Since May 1, 2017
National-US
Primary Model

About This Property

A wonderful vintage home in historic district - Heritage plaque 1899- with exquisite woodwork, built-in china cabinet, stained glass windows, hardwood floors & pocket door.  Master bedroom with sitting area. Walk up attic.  Nice yard with privacy fence. Over 2200 sq ft -Needs some work but not a foreclosure.  Full basement and 2 car garage.
Unit Size
2,232 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$69
Property Type
House
Property Taxes
$344
HOA Dues
-
Year Built
1899

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #09297255)

Price History

Date / Event Date Event Price
Apr 24, 2017 Sold
Premium
Sold
Jul 25, 2016 Listed by Century 21 New Heritage $155,000
Listed by Century 21 New Heritage

Property Highlights

Building Info

Overview

    General

  • Year Built: 1899
  • Effective Year Built: 1899
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 28
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,144
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,027
  • Lot Size Frontage Feet: 860
  • Total Building Area: 3,376
  • Gross Building Area: 3,376
  • Building Area: 2,232
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 6
  • Heating: 11
  • Heated Square Feet: 2,232
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: E M BARTLETTS ADDN
  • Land Acres: 0000000391
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: E M BARTLETTS ADDN PART LOTS 4 & 5 DESC IN DOC 14615520 & 1568903

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 851301

Geography

  • Parcel: 06-13-183-025
  • Lot: 4,5
  • Municipality: ELGIN
  • Latitude: 42.0379
  • Longitude: -88.2739

    Address

  • Full Address: 16 N Channing St
  • Address - House Number: 16
  • Street Direction: N
  • Address - Street Name: Channing
  • Address - Suffix Type: St
  • State: IL
  • City Name: Elgin
  • Carrier Code: C035
  • 4-Digit Zip Code: 5702
  • Zip Code: 60120

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $578,000
  • Tax Rate Code Area: EL904

    Appraisal Valuation

  • Standard Deviation: 0.2241
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 69
  • Final Value: 292,798
  • High Value: 358,441
  • Low Value: 227,154

    Market Valuation

  • Market Total Value: $218,061
  • Market Land Value: $39,004
  • Market Improvement Value: $179,058

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $72,658
  • Assessed Land Value: $12,996
  • Assessed Improvements Value: $59,662

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 07, 2017
  • Current Sale Recording Date: Apr 25, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2017K020549
  • Previous Sale Recording Date: Oct 26, 2009
  • Previous Sale Contract Date: Oct 09, 2009
  • Previous Sale Amount: $162,000
  • 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 Southeast Elgin

Stats & Trends

Median Asking:

$310,000

Sale Price/ft²

$213

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1613 ft²

Average Home Age

44.2 years

Currently For Sale

28 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: , Century 21 New Heritage
Last Updated: 3 years ago
Data Source: MRED, MLS# 09297255
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 16 North Channing Street built and last sold?
The property at 16 North Channing Street was built in 1899 and last sold on Apr 7, 2017 for $160,000.
How much is this home worth?
The estimated value of the home located at 16 North Channing Street is $169,338.
What are some comparable homes to 16 North Channing Street?
There are currently no comparable homes to 16 North Channing Street.
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