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Elgin 60123 Grant Park
396 Mcclure Avenue
$286,000
● House - Off Market

396 Mcclure Avenue

Elgin, IL 60123
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,400 Ft²
$1,856
Est. Monthly
12.77%
Cap Rate

About This Property

UPDATED 4+1 BEDROOM HOME ~ IMMACULATELY-KEPT AND READY TO MOVE IN ~ FINISHED BASEMENT ~ ATTACHED GARAGE ~ PROFESSIONAL LANDSCAPING MAINTENANCE ~ ATTACHED GARAGE ~ HARDWOOD FLOORS ~FRESHLY PAINTED ~ NEWER CABINETS ~ NEWER HVAC SYSTEM ~ UPDATED ELECTRICAL SYSTEM ~ LOOK NO FURTHER ~
Unit Size
1,400 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$204
Property Type
House
Property Taxes
$452
HOA Dues
-
Year Built
1953

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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: 2 years ago (MRED MLS #12134070)

Price History

Date / Event Date Event Price
Oct 4, 2024 Sold
Premium
Sold
Sep 13, 2024 In contract -
In contract
Sep 6, 2024 Price Decreased $285,900
↓ $4K (1.4%)
Price Decreased
Aug 29, 2024 Price Decreased $289,900
↓ $7K (2.4%)
Price Decreased
Aug 22, 2024 Price Decreased $296,900
↓ $3K (1%)
Price Decreased
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • 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: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 936
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,778
  • Lot Size Depth Feet: 1,070
  • Lot Size Frontage Feet: 540
  • Total Building Area: 2,256
  • Gross Building Area: 2,256
  • Building Area: 1,320
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 1,320
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EDWARD J OBEIRNES SUB
  • Land Acres: 0000000133
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: EDWARD J OBEIRNES SUB LOT 23 BLOCK 6

Neighborhood

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

Geography

  • Parcel: 06-14-106-017
  • Block: 6
  • Lot: 23
  • Municipality: ELGIN
  • Latitude: 42.0434
  • Longitude: -88.2973

    Address

  • Full Address: 396 Mcclure Ave
  • Address - House Number: 396
  • Address - Street Name: Mcclure
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Elgin
  • Carrier Code: C074
  • 4-Digit Zip Code: 3550
  • Zip Code: 60123

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $542,154
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.1639
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 79
  • Final Value: 248,657
  • High Value: 289,428
  • Low Value: 207,885

    Market Valuation

  • Market Total Value: $187,647
  • Market Land Value: $35,945
  • Market Improvement Value: $151,702

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $62,524
  • Assessed Land Value: $11,977
  • Assessed Improvements Value: $50,547

    Sales

  • Current Sale Contract Date: Mar 06, 2023
  • Current Sale Recording Date: May 18, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 15982
  • Previous Sale Recording Date: Feb 01, 2008
  • Previous Sale Contract Date: Oct 03, 2007
  • Previous Sale Amount: $210,000
  • 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

1620 ft²

Average Home Age

44.4 years

Currently For Sale

40 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

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MRED

Listed by: Romeo Lopez, CENTURY 21 New Heritage West
Last Updated: 2 years ago
Data Source: MRED, MLS# 12134070
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 396 McClure Avenue built and last sold?
The property at 396 McClure Avenue was built in 1953 and last sold on Mar 6, 2023 for $235,000.
How much is this home worth?
The estimated value of the home located at 396 McClure Avenue is $0.
What are some comparable homes to 396 McClure Avenue?
There are currently no comparable homes to 396 McClure Avenue.
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