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Kane 60124
38w480 McDonald Road
$400,000
● House - Off Market

38w480 McDonald Road

Elgin, IL 60124
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,060 Ft²
$2,410
Est. Monthly

About This Property

Spacious ranch home set on a rare 0.75-acre lot in a quiet, established neighborhood. This property offers a unique opportunity for buyers looking to build equity and create their own vision. The home features over 2,000 square feet of living space with 3 bedrooms and 2 full bathrooms, including a full bath in the finished lower level. The layout provides a solid foundation for renovation or customization. Additional highlights include an oversized 24x24 detached garage and a 12x18 shed, offering ample storage and workspace. Convenient location with access to nearby schools, shopping, and major roadways. Large parcels like this are hard to find-bring your ideas and unlock the potential. Property is being sold as-is.
Unit Size
2,060 Ft²
Days on Market
-
Land Size
0.75 acres
Price per sqft
$192
Property Type
House
Property Taxes
$470
HOA Dues
-
Year Built
1965

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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

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 6
  • 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: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 480
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 32,706
  • Lot Size Depth Feet: 2,760
  • Lot Size Frontage Feet: 1,190
  • Total Building Area: 2,060
  • Gross Building Area: 2,060
  • Building Area: 1,580
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 1,580
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HEATHERFIELD
  • Land Acres: 0000000751
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: HEATHERFIELD UNIT 1 LOT 1

Neighborhood

  • School District Name: St. Charles Community Unit School District 303
  • Census Tract: 851912

Geography

  • Parcel: 06-31-451-023
  • Lot: 1
  • Municipality: ELGIN
  • Latitude: 41.9863
  • Longitude: -88.3698

    Address

  • Full Address: 38w480 Mcdonald Rd
  • Legal Unit: 1
  • Address - House Number: 38w480
  • Address - Street Name: Mcdonald
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Elgin
  • Carrier Code: R026
  • 4-Digit Zip Code: 8854
  • Zip Code: 60124

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $520,446
  • Tax Rate Code Area: EL042

    Appraisal Valuation

  • Standard Deviation: 0.1494
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 81
  • Final Value: 393,421
  • High Value: 452,219
  • Low Value: 334,622

    Market Valuation

  • Market Total Value: $237,509
  • Market Land Value: $73,049
  • Market Improvement Value: $164,460

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $79,138
  • Assessed Land Value: $24,340
  • Assessed Improvements Value: $54,798

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 30, 2002
  • Current Sale Recording Date: Oct 10, 2002
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2002K127566
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 Kane

Stats & Trends

Median Asking:

$399,900

Sale Price/ft²

$215

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2442 ft²

Average Home Age

32.6 years

Currently For Sale

823 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 2438 Anna Way, Elgin, IL, 60124

$2,450 /mo

  • 3 Beds
  • 2 Baths
2438 Anna Way, Elgin, IL, 60124 Listing by Meha Parikh
Unit for rent at 1137 Reserve Drive, Elgin, IL, 60124

$2,400 /mo

  • 2 Beds
  • 1 Bath
  • 1,500 ft²
1137 Reserve Drive, Elgin, IL, 60124 Listing by Brandy Schuldt

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Randall Ledbetter, Executive Realty Group LLC
Data Source: MRED, MLS# MRD12606498
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 38W480 McDonald Road built and last sold?
The property at 38W480 McDonald Road was built in 1965 and last sold on Aug 30, 2002 for $343,000.
How much is this home worth?
The estimated value of the home located at 38W480 McDonald Road is $402,097.
What are some comparable homes to 38W480 McDonald Road?
There are currently no comparable homes to 38W480 McDonald Road.
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