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Elgin 60123 Northwest Elgin
214 N Mclean Boulevard
$165,000
● House - Off Market

214 N Mclean Boulevard

ELGIN, IL 60123
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,250 Ft²
$274,525
RealtyHop Estimate
61.58%
Since Jun 1, 2017
National-US
Primary Model

About This Property

Meticulously Maintained to Perfection inside and out! Newer Windows, Furnace, A/C, Roof/Siding, Plumbing, Elec. Extra 2+ Car Wide Concrete Driveway and Huge Concrete rear Parking Lot makes it Ideal for a Family with lots of cars ! Residence! Gorgeous Hardwood Floors, Wood Trim, Ornate Features, Charm & Character throughout, Large 2nd Floor *foyer* / Sitting area, Many Nooks & Crannies and plenty of Storage on each level & Full-Basement ...lots of land too !
Unit Size
1,250 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$136
Property Type
House
Property Taxes
$345
HOA Dues
-
Year Built
1940

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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 #09328188)

Price History

Date / Event Date Event Price
May 26, 2017 Sold
Premium
Sold
Aug 29, 2016 Listed by Superior Homes Realty $169,900
Listed by Superior Homes Realty

Property Highlights

Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 500
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 848
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,387
  • Lot Size Depth Feet: 1,490
  • Lot Size Frontage Feet: 630
  • Total Building Area: 2,120
  • Gross Building Area: 2,120
  • Building Area: 1,272
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,272
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COLUMBIA PARK ADDN
  • Land Acres: 0000000215
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: COLUMBIA PARK ADDN 1/2 VACATED ALLEY LYING WEST OF & ADJ TO LOT 9 & ALL OF LOT 9 BLOCK 1 AND THE E 1/2 OF VACATED ALLEY LYING S OF LT 9

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 851909

Geography

  • Parcel: 06-15-133-026
  • Block: 1
  • Lot: 9
  • Municipality: ELGIN
  • Latitude: 42.0404
  • Longitude: -88.3122

    Address

  • Full Address: 214 N Mclean Blvd
  • Address - House Number: 214
  • Street Direction: N
  • Address - Street Name: Mclean
  • Address - Suffix Type: Blvd
  • State: IL
  • City Name: Elgin
  • Carrier Code: C050
  • 4-Digit Zip Code: 3238
  • Zip Code: 60123

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $468,882
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.2215
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 69
  • Final Value: 261,296
  • High Value: 319,183
  • Low Value: 203,409

    Market Valuation

  • Market Total Value: $180,294
  • Market Land Value: $39,220
  • Market Improvement Value: $141,074

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $60,074
  • Assessed Land Value: $13,068
  • Assessed Improvements Value: $47,006

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 24, 2017
  • Current Sale Recording Date: Jun 02, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2017K028195
  • Previous Sale Recording Date: Apr 07, 2005
  • Previous Sale Contract Date: Apr 01, 2005
  • Previous Sale Amount: $168,000
  • 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 Northwest Elgin

Stats & Trends

Median Asking:

$370,000

Sale Price/ft²

$201

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1570 ft²

Average Home Age

45.3 years

Currently For Sale

37 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: , Superior Homes Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 09328188
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 214 North McLean Boulevard built and last sold?
The property at 214 North McLean Boulevard was built in 1940 and last sold on May 24, 2017 for $165,000.
How much is this home worth?
The estimated value of the home located at 214 North McLean Boulevard is $0.
What are some comparable homes to 214 North McLean Boulevard?
There are currently no comparable homes to 214 North McLean Boulevard.
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