174 Monroe King LN
About This Property
Rare chance to own nearly 2 acres in the high-growth Elgin corridor. This 3-bed, 2-bath, 2,160 sq. ft. home features an open layout and major 2023?2024 updates: New Roof (2024), New HVAC (2023), and New Water Heater (2024). The interior offers fresh paint and a remodeled master bath. Outside, find two detached studio buildings, orchard trees (peach, apple, pear), and dedicated RV parking with hookups.
Priced well below area median values to account for required pier-and-beam floor leveling and minor laundry room finishing. Perfect for investors or buyers seeking space and privacy without paying top dollar for someone else's finishes. No HOA.
There is only 1 out building. We are on a rural water system and the property is fully fenced all the way around.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 16, 2026 | No longer available | - | |
| No longer available | |||
| Feb 19, 2026 | Price Decreased |
$375,000
↓ $10K
(2.6%) | |
| Price Decreased | |||
| Feb 4, 2026 | Price Decreased |
$385,000
↓ $5K
(1.3%) | |
| Price Decreased | |||
| Jan 31, 2026 | Price Decreased |
$390,000
↓ $10K
(2.5%) | |
| Price Decreased | |||
| Jan 17, 2026 | Price Decreased |
$399,999
↓ $15K
(3.6%) | |
| Price Decreased | |||
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Listed Office: Joseph Walter Realty, LLC - Listing courtesy of Unlock MLS
Phone: (888) 227-1009
Last Updated: 2026-03-16 04:11:12
Data Source: Unlock MLS, MLS# ACT2578920
Based on information from Unlock MLS (alternatively, from ACTRIS). Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website.
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