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Elgin 60123 Northwest Elgin
374 HEINE AVE
$214,900
● House - Off Market

374 HEINE AVE

ELGIN, IL 60123
bedrooms
5 Beds
bathrooms
2 Baths
$365,885
RealtyHop Estimate
70.26%
Since Feb 1, 2007
National-US
Primary Model

About This Property

NICE TRI-LEVEL HOME ON DEAD END STREET HAS 5 BEDROOMS AND 2 FULL BATHS. BIG KITCHEN WITH BREAKFAST BAR AND DINING ROOM, FULLY APPLIANCED.  GREAT CEDAR ENCL. PORCH & NICE YARD.   CARPET/DECORATING ALLOWANCE.  2 CAR GARAGE.  ALL OFFERS CONSIDERED. MOTIVATED SELLER!!  REALTORS NOTE CO-OP!!
Unit Size
-
Days on Market
-
Land Size
0.25 acres
Price per sqft
-
Property Type
House
Property Taxes
$409
HOA Dues
-
Year Built
1961

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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.

Property Highlights

Parking Available
Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,600
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,630
  • Gross Building Area: 1,630
  • Building Area: 1,630
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 1,630
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COLUMBIA PARK ADDN
  • Land Acres: 0000000152
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: COLUMBIA PARK ADDN LOT 4 BLOCK 7

Neighborhood

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

Geography

  • Parcel: 06-15-128-019
  • Block: 7
  • Lot: 4
  • Municipality: ELGIN
  • Latitude: 42.0433
  • Longitude: -88.3136

    Address

  • Full Address: 374 Heine Ave
  • Address - House Number: 374
  • Address - Street Name: Heine
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Elgin
  • Carrier Code: C050
  • 4-Digit Zip Code: 3214
  • Zip Code: 60123

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $494,220
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.1603
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 80
  • Final Value: 285,711
  • High Value: 331,526
  • Low Value: 239,897

    Market Valuation

  • Market Total Value: $189,064
  • Market Land Value: $35,387
  • Market Improvement Value: $153,676

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $62,996
  • Assessed Land Value: $11,791
  • Assessed Improvements Value: $51,205

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 26, 2013
  • Current Sale Recording Date: Jul 31, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2013K056450
  • Previous Sale Recording Date: Oct 10, 2012
  • Previous Sale Contract Date: Sep 13, 2012
  • Previous Sale Amount: $85,000
  • Previous Sale Document Type: 68

    Financing

  • First Mortgage Financing Type: UNK
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:

$367,245

Sale Price/ft²

$200

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1650 ft²

Average Home Age

45.3 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 30 S Commonwealth Avenue, Elgin, IL, 60123

$2,650 /mo

  • 3 Beds
  • 2 Baths
  • 1,088 ft²
30 S Commonwealth Avenue, Elgin, IL, 60123 Listing by Sharon Jasso

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Bertha Alvarado-Lopez, Superior Homes Realty
Data Source: MRED, MLS# MRD06277187
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 374 Heine Avenue built and last sold?
The property at 374 Heine Avenue was built in 1961 and last sold on Jul 26, 2013 for $146,000.
How much is this home worth?
The estimated value of the home located at 374 Heine Avenue is $316,910.
What are some comparable homes to 374 Heine Avenue?
There are currently no comparable homes to 374 Heine Avenue.
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