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Elgin 60120 Lords Park
23 Oakwood Boulevard
$185,000
● House - Off Market

23 Oakwood Boulevard

Elgin, IL 60120
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,855 Ft²
$206,782
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model

About This Property

Great opportunity to make this 1904 farmhouse your home! Over 1800 square feet plus a basement and 3 car attached garage.  Investors and handyman will enjoy making this property shine. The home offers hardwood floors, beams, large country kitchen, living room, dining room, main floor bedroom with 3 more upstairs, main floor bath, bonus room with gas stove.  Home is being sold in "as is" condition and needs work.  Great location across from Lords Park with lagoon view.  Minutes from downtown Elgin with retail, dining and the Fox River.  Welcome home!
Unit Size
1,855 Ft²
Days on Market
-
Land Size
-
Price per sqft
$108
Property Type
House
Property Taxes
$141
HOA Dues
-
Year Built
1904

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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 #11438959)

Price History

Date / Event Date Event Price
Aug 22, 2022 Sold
Premium
Sold
Jun 24, 2022 Listed by Realty Executives Premiere $200,000
Listed by Realty Executives Premiere

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1904
  • Effective Year Built: 1904
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 63
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,636
  • Total Building Area: 1,855
  • Gross Building Area: 1,855
  • Building Area: 1,855
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,855
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OAK WOOD PARK
  • Land Acres: 0000000221
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-05

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 804404

Geography

  • District: 18
  • Parcel: 06-18-106-012-0000
  • Block: 6
  • Lot: 12
  • Meridian: SEC 18 TWN 41N RNG 9E
  • Municipality: HANOVER
  • Latitude: 42.0381
  • Longitude: -88.2603

    Address

  • Full Address: 23 Oakwood Blvd
  • Address - House Number: 23
  • Address - Street Name: Oakwood
  • Address - Suffix Type: Blvd
  • State: IL
  • City Name: Elgin
  • Carrier Code: C031
  • 4-Digit Zip Code: 4502
  • Zip Code: 60120

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $471,147
  • Tax Rate Code Area: 18015

    Appraisal Valuation

  • Standard Deviation: 0.2478
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 65
  • Final Value: 284,695
  • High Value: 355,258
  • Low Value: 214,132

    Market Valuation

  • Market Total Value: $230,000
  • Market Land Value: $57,820
  • Market Improvement Value: $172,180

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $23,000
  • Assessed Land Value: $5,782
  • Assessed Improvements Value: $17,218

    Sales

  • Current Sale Contract Date: Aug 15, 2022
  • Current Sale Recording Date: Aug 26, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 33016
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

$212

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1519 ft²

Average Home Age

49.3 years

Currently For Sale

23 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

Unit for rent at 920 Fairfax Court, Elgin, IL, 60120

$3,500 /mo

  • 4 Beds
  • 2 Baths
  • 1,980 ft²
920 Fairfax Court, Elgin, IL, 60120 Listing by Matthew Lysien

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Paula Schatz, Realty Executives Premiere
Last Updated: 3 years ago
Data Source: MRED, MLS# 11438959
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 23 Oakwood Boulevard built and last sold?
The property at 23 Oakwood Boulevard was built in 1904 and last sold on Aug 15, 2022 for $185,000.
How much is this home worth?
The estimated value of the home located at 23 Oakwood Boulevard is $208,530.
What are some comparable homes to 23 Oakwood Boulevard?
There are currently no comparable homes to 23 Oakwood Boulevard.
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