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Elgin 60123 Grant Park
306 Hamilton Avenue
$198,000
● House - Off Market

306 Hamilton Avenue

ELGIN, IL 60123
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,196 Ft²
$339,362
RealtyHop Estimate
71.13%
Since Jun 1, 2007
National-US
Primary Model

About This Property

Really nice all brick ranch on tree lined street. Cozy fireplace, great bookshelves, newer stove, refrigerator & washer. Lower level has carpeting & painted walls. Lots of storage. You won't be disappointed. Fenced yard, shed & flowers to come ? soon we hope!
Unit Size
1,196 Ft²
Days on Market
-
Land Size
-
Price per sqft
$166
Property Type
House
Property Taxes
$408
HOA Dues
-
Year Built
1951

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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: 2 years ago (MRED MLS #06422034)

Price History

Date / Event Date Event Price
May 16, 2007 Sold
Premium
Sold
Feb 24, 2007 Listed by Century 21 New Heritage-Elgin $198,306
Listed by Century 21 New Heritage-Elgin

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,196
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,996
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 530
  • Total Building Area: 2,392
  • Gross Building Area: 2,392
  • Building Area: 1,196
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 1,196
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EDWARD J OBEIRNES SUB
  • Land Acres: 0000000161
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: EDWARD J OBEIRNES SUB LOT 12 BLOCK 2

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 851102

Geography

  • Parcel: 06-14-109-017
  • Block: 2
  • Lot: 12
  • Municipality: ELGIN
  • Latitude: 42.0406
  • Longitude: -88.2984

    Address

  • Full Address: 306 Hamilton Ave
  • Address - House Number: 306
  • Address - Street Name: Hamilton
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Elgin
  • Carrier Code: C074
  • 4-Digit Zip Code: 3422
  • Zip Code: 60123

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $561,222
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.2096
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 71
  • Final Value: 254,649
  • High Value: 308,034
  • Low Value: 201,263

    Market Valuation

  • Market Total Value: $212,254
  • Market Land Value: $50,951
  • Market Improvement Value: $161,303

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $70,723
  • Assessed Land Value: $16,977
  • Assessed Improvements Value: $53,746

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 16, 2007
  • Current Sale Recording Date: May 25, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2007K056862
  • Previous Sale Recording Date: May 22, 1998
  • Previous Sale Contract Date: May 15, 1998
  • Previous Sale Amount: $135,000
  • 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:

$365,000

Sale Price/ft²

$201

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1687 ft²

Average Home Age

42.7 years

Currently For Sale

38 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 1990 Larkin Avenue, Elgin, IL, 60123

$2,200 /mo

  • 2 Beds
  • 2 Baths
  • 1,175 ft²
1990 Larkin Avenue #14, Elgin, IL, 60123 Listing by William Gallos
Unit for rent at 40 Dupage Court, Elgin, IL, 60120

$2,075 /mo

  • 2 Beds
  • 2 Baths
  • 969 ft²
40 Dupage Court #409, Elgin, IL, 60120 Listing by Andrew Stoll

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: , Century 21 New Heritage-Elgin
Last Updated: 2 years ago
Data Source: MRED, MLS# 06422034
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 306 Hamilton Avenue built and last sold?
The property at 306 Hamilton Avenue was built in 1951 and last sold on May 16, 2007 for $198,000.
How much is this home worth?
The estimated value of the home located at 306 Hamilton Avenue is $0.
What are some comparable homes to 306 Hamilton Avenue?
There are currently no comparable homes to 306 Hamilton Avenue.
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