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Elgin 60123 Grant Park
352 N Worth Avenue
$310,000
● House - Off Market

352 N Worth Avenue

Elgin, IL 60123
bedrooms
4 Beds
bathrooms
3 Baths, 2 Half Baths
square feet
2,223 Ft²
$1,961
Est. Monthly
11.25%
Cap Rate

About This Property

Step back into time with this grand well maintained brick bungalow with a lot of the original fixtures, hardwood flooring, moldings and doors.  The front porch is full of natural sunlight.  Living room and dining room have gorgeous hardwood flooring, trim, molding and glass french doors with leaded glass.  Kitchen cabinets have been freshly painted and there is room for a table and chairs.  3 bedroooms up and 1 on the main floor, used as a den.  Even has an old fashioned laundry chute from the second floor to the basement.  Garage has a brand new roof, gutters, downspouts and newer epoxy floor.  Close to all the amenities and transportation.
Unit Size
2,223 Ft²
Days on Market
-
Land Size
-
Price per sqft
$135
Property Type
House
Property Taxes
$488
HOA Dues
-
Year Built
1923

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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: 2 years ago (MRED MLS #12133865)

Price History

Date / Event Date Event Price
Nov 1, 2024 Sold
Premium
Sold
Sep 24, 2024 In contract -
In contract
Sep 19, 2024 Price Decreased $299,900
↓ $15K (4.8%)
Price Decreased
Aug 8, 2024 Listed by Coldwell Banker Realty $314,900
Listed by Coldwell Banker Realty

Property Highlights

Building Info

Overview

    General

  • Year Built: 1923
  • Effective Year Built: 1923
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 3
  • 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: 894
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,712
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 660
  • Total Building Area: 2,223
  • Gross Building Area: 2,223
  • Building Area: 1,329
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 12
  • Heating: 0
  • Heated Square Feet: 1,329
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GEORGE E LINKFIELDS ADDN
  • Land Acres: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: GEORGE E LINKFIELDS ADDN LOT 7 BLOCK 6

Neighborhood

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

Geography

  • Parcel: 06-15-232-014
  • Block: 6
  • Lot: 7
  • Municipality: ELGIN
  • Latitude: 42.0421
  • Longitude: -88.3021

    Address

  • Full Address: 352 N Worth Ave
  • Address - House Number: 352
  • Street Direction: N
  • Address - Street Name: Worth
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Elgin
  • Carrier Code: C085
  • 4-Digit Zip Code: 3460
  • Zip Code: 60123

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $585,440
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.1603
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 80
  • Final Value: 285,890
  • High Value: 331,734
  • Low Value: 240,047

    Market Valuation

  • Market Total Value: $220,636
  • Market Land Value: $58,908
  • Market Improvement Value: $161,729

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $73,516
  • Assessed Land Value: $19,628
  • Assessed Improvements Value: $53,888

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 12, 2018
  • Current Sale Recording Date: Jul 23, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2018K035270
  • Previous Sale Recording Date: Apr 14, 2005
  • Previous Sale Contract Date: Mar 23, 2005
  • Previous Sale Amount: $245,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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

$201

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1641 ft²

Average Home Age

44.4 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

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MRED

Listed by: Margaret Arnold, Coldwell Banker Realty
Last Updated: 2 years ago
Data Source: MRED, MLS# 12133865
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 352 North Worth Avenue built and last sold?
The property at 352 North Worth Avenue was built in 1923 and last sold on Jul 12, 2018 for $217,500.
How much is this home worth?
The estimated value of the home located at 352 North Worth Avenue is $0.
What are some comparable homes to 352 North Worth Avenue?
There are currently no comparable homes to 352 North Worth Avenue.
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