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Elgin 60123 Near West Elgin
162 Perry Street
$278,900
● House - Off Market

162 Perry Street

Elgin, IL 60123
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,409 Ft²
$1,819
Est. Monthly
12.70%
Cap Rate

About This Property

Don't overlook this stunning residence! This spacious home boasts 4 bedrooms and 2 full baths, with a convenient first-floor bedroom that can double as an office or study. It features brand-new furnace and air conditioning system, as well as a recently remodeled kitchen complete with new stainless steel appliances. Large backyard with patio. Two car garage. A convenient outside entrance to basement. This property is a true gem, eagerly awaiting a new family to call it home. It's a must see!!!
Unit Size
1,409 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$198
Property Type
House
Property Taxes
$449
HOA Dues
-
Year Built
1903

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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: 3 years ago (MRED MLS #11916792)

Price History

Date / Event Date Event Price
Dec 12, 2023 Sold
Premium
Sold
Oct 25, 2023 Listed by ListWithFreedom.com $278,900
Listed by ListWithFreedom.com

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1903
  • Effective Year Built: 1903
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 1
  • 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: 8
  • Basement Area: 837
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,150
  • Lot Size Depth Feet: 1,430
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,246
  • Gross Building Area: 2,246
  • Building Area: 1,409
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 1,409
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CHISHOLMS ADDN
  • Land Acres: 0000000164
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: CHISHOLMS ADDN NORTH 3 RODS OF LOT 6 BLOCK 11

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 851600

Geography

  • Parcel: 06-14-456-023
  • Block: 11
  • Lot: 6
  • Municipality: ELGIN
  • Latitude: 42.0314
  • Longitude: -88.2891

    Address

  • Full Address: 162 Perry St
  • Address - House Number: 162
  • Address - Street Name: Perry
  • Address - Suffix Type: St
  • State: IL
  • City Name: Elgin
  • Carrier Code: C058
  • 4-Digit Zip Code: 6345
  • Zip Code: 60123

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $539,292
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.0882
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 92
  • Final Value: 275,661
  • High Value: 299,997
  • Low Value: 251,325

    Market Valuation

  • Market Total Value: $186,657
  • Market Land Value: $34,481
  • Market Improvement Value: $152,176

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $62,194
  • Assessed Land Value: $11,489
  • Assessed Improvements Value: $50,705

    Sales

  • Current Sale Contract Date: Nov 21, 2023
  • Current Sale Recording Date: Dec 12, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 43377
  • Previous Sale Recording Date: Jul 31, 2023
  • Previous Sale Contract Date: Jan 19, 2022
  • Previous Sale Amount: $133,590
  • Previous Sale Document Type: 55
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:

$299,500

Sale Price/ft²

$203

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1793 ft²

Average Home Age

57.1 years

Currently For Sale

17 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

Currently no nearby rentals
MRED

Listed by: Henry Torn, ListWithFreedom.com
Last Updated: 3 years ago
Data Source: MRED, MLS# 11916792
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 162 Perry Street built and last sold?
The property at 162 Perry Street was built in 1903 and last sold on Nov 21, 2023 for $279,000.
How much is this home worth?
The estimated value of the home located at 162 Perry Street is $281,046.
What are some comparable homes to 162 Perry Street?
There are currently no comparable homes to 162 Perry Street.
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