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Elgin 60123 Northwest Elgin
321 Hoxie Avenue
$247,000
● House - Off Market

321 Hoxie Avenue

Elgin, IL 60123
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,256 Ft²
$1,721
Est. Monthly
13.72%
Cap Rate

About This Property

This 4 Bed 2 Bath Cape Cod is on a double lot. Schools and shopping are close by. Has 2.5 car garage and a very large shed. Newer appliances, high efficiency Furnace, well with public sewer.
Unit Size
1,256 Ft²
Days on Market
-
Land Size
-
Price per sqft
$211
Property Type
House
Property Taxes
$420
HOA Dues
-
Year Built
1948

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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 #11843987)

Price History

Date / Event Date Event Price
Feb 28, 2024 Sold
Premium
Sold
Jul 26, 2023 Listed by 4 Sale Realty, Inc. $264,995
Listed by 4 Sale Realty, Inc.

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Building Count: 1
  • Total Rooms: 5
  • 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: 0
  • 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: 837
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,200
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 2,093
  • Gross Building Area: 2,093
  • Building Area: 1,256
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,256
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COLUMBIA PARK ADDN
  • Land Acres: 0000000303
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: COLUMBIA PARK ADDN LOTS 22 & 23 BLOCK 5

Neighborhood

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

Geography

  • Parcel: 06-15-126-020
  • Block: 5
  • Lot: 22,23
  • Municipality: ELGIN
  • Latitude: 42.0426
  • Longitude: -88.3165

    Address

  • Full Address: 321 Hoxie Ave
  • Address - House Number: 321
  • Address - Street Name: Hoxie
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Elgin
  • Carrier Code: C050
  • 4-Digit Zip Code: 3217
  • Zip Code: 60123

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $522,834
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.0882
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 92
  • Final Value: 261,237
  • High Value: 284,299
  • Low Value: 238,174

    Market Valuation

  • Market Total Value: $198,968
  • Market Land Value: $52,074
  • Market Improvement Value: $146,894

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $66,296
  • Assessed Land Value: $17,351
  • Assessed Improvements Value: $48,945

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 19, 2024
  • Current Sale Recording Date: Mar 01, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6742
  • Previous Sale Recording Date: Oct 08, 1998
  • Previous Sale Contract Date: Sep 29, 1998
  • 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:

$369,900

Sale Price/ft²

$198

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1641 ft²

Average Home Age

45.1 years

Currently For Sale

36 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

Rentals Near You

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MRED

Listed by: Jackie Grieshamer, 4 Sale Realty, Inc.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11843987
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 321 Hoxie Avenue built and last sold?
The property at 321 Hoxie Avenue was built in 1948 and last sold on Jan 19, 2024 for $247,000.
How much is this home worth?
The estimated value of the home located at 321 Hoxie Avenue is $0.
What are some comparable homes to 321 Hoxie Avenue?
There are currently no comparable homes to 321 Hoxie Avenue.
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