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Elgin 60123 Grant Park
374 Silver Street
$274,900
● House - Off Market

374 Silver Street

Elgin, IL 60123
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,632 Ft²
$1,729
Est. Monthly
9.91%
Cap Rate

About This Property

WOW! WOW!WOW! What a Beautiful & charming home loaded with character! 2015 ALL NEW roof, windows, furnace, concrete patio & driveway! ENORMOUS, beautifully fenced yard. HUGE bedrooms. Hardwood floors or laminated 2.5 car garage. Large, bright, enclosed entryway. Guest suite w/private bath! 2nd bdrm can be used as a great rm/office/play rm! FULL bsmt! Conveniently located to x-way & shopping! LOADED with space inside & out!
Unit Size
1,632 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$168
Property Type
House
Property Taxes
$379
HOA Dues
-
Year Built
1900

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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: 3 years ago (MRED MLS #11970951)

Price History

Date / Event Date Event Price
Mar 8, 2024 Sold
Premium
Sold
Jan 31, 2024 Listed by Realty Executives Advance $274,900
Listed by Realty Executives Advance

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 855
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,174
  • Lot Size Depth Feet: 1,390
  • Lot Size Frontage Feet: 660
  • Total Building Area: 2,466
  • Gross Building Area: 2,466
  • Building Area: 1,611
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 1,611
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MCCLURES 2ND ADDN
  • Land Acres: 0000000211
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: MCCLURES 2ND ADDN LOT 12 BLOCK 3

Neighborhood

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

Geography

  • Parcel: 06-14-126-017
  • Block: 3
  • Lot: 12
  • Municipality: ELGIN
  • Latitude: 42.043
  • Longitude: -88.2959

    Address

  • Full Address: 374 Silver St
  • Address - House Number: 374
  • Address - Street Name: Silver
  • Address - Suffix Type: St
  • State: IL
  • City Name: Elgin
  • Carrier Code: C038
  • 4-Digit Zip Code: 3552
  • Zip Code: 60123

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $454,316
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.2197
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 92
  • Final Value: 272,268
  • High Value: 296,340
  • Low Value: 248,195

    Market Valuation

  • Market Total Value: $175,252
  • Market Land Value: $48,079
  • Market Improvement Value: $127,173

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $58,394
  • Assessed Land Value: $16,020
  • Assessed Improvements Value: $42,374

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 04, 2024
  • Current Sale Recording Date: Mar 07, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7524
  • Previous Sale Recording Date: Jul 21, 2015
  • Previous Sale Contract Date: Jul 02, 2015
  • Previous Sale Amount: $156,000
  • 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

1662 ft²

Average Home Age

43.4 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

Unit for rent at 371 Fulton Street, IL, 60120

$2,750 /mo

  • 3 Beds
  • 1 Bath
  • 1,600 ft²
371 Fulton Street #2, IL, 60120 Listing by Joseph Trifilio

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Hebert Garcia, Realty Executives Advance
Last Updated: 3 years ago
Data Source: MRED, MLS# 11970951
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 Silver Street built and last sold?
The property at 374 Silver Street was built in 1900 and last sold on Mar 4, 2024 for $275,000.
How much is this home worth?
The estimated value of the home located at 374 Silver Street is $280,823.
What are some comparable homes to 374 Silver Street?
There are currently no comparable homes to 374 Silver Street.
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