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Elgin 60120 Southeast Elgin
409 Hill Avenue
$225,000
● House - Off Market

409 Hill Avenue

Elgin, IL 60120
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,223 Ft²
$247,774
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model

About This Property

Victorian beauty  2200 sf  4 bedrooms   1.1 bath
Unit Size
2,223 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$101
Property Type
House
Property Taxes
$391
HOA Dues
-
Year Built
1890

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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: 3 years ago (MRED MLS #11247747)

Price History

Date / Event Date Event Price
Dec 29, 2021 Sold
Premium
Sold
Oct 23, 2021 Listed by Berkshire Hathaway HomeServices Starck Real Estate $224,900
Listed by Berkshire Hathaway HomeServices Starck Real Estate

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1890
  • Building Count: 1
  • Bedroom Count: 0
  • 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: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,329
  • Garage Type: 4
  • Parking Space Count: 1
  • 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: 3,552
  • Gross Building Area: 3,552
  • Building Area: 2,223
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 2,223
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HOAGLANDS ADDN
  • Land Acres: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: HOAGLANDS ADDN LOT 3 BLOCK 2

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 851302

Geography

  • Parcel: 06-12-461-003
  • Block: 2
  • Lot: 3
  • Municipality: ELGIN
  • Latitude: 42.0447
  • Longitude: -88.2703

    Address

  • Full Address: 409 Hill Ave
  • Address - House Number: 409
  • Address - Street Name: Hill
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Elgin
  • Carrier Code: C028
  • 4-Digit Zip Code: 4249
  • Zip Code: 60120

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $580,072
  • Tax Rate Code Area: EL801

    Appraisal Valuation

  • Standard Deviation: 0.2241
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 69
  • Final Value: 293,699
  • High Value: 359,545
  • Low Value: 227,854

    Market Valuation

  • Market Total Value: $218,779
  • Market Land Value: $31,050
  • Market Improvement Value: $187,728

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $72,897
  • Assessed Land Value: $10,346
  • Assessed Improvements Value: $62,551

    Sales

  • Current Sale Contract Date: Nov 17, 2021
  • Current Sale Recording Date: Jan 21, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2022K004156
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 Southeast Elgin

Stats & Trends

Median Asking:

$310,000

Sale Price/ft²

$213

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1524 ft²

Average Home Age

46.3 years

Currently For Sale

29 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 1154 Megan Court, Elgin, IL, 60120

$3,400 /mo

  • 4 Beds
  • 3 Baths
  • 2,600 ft²
1154 Megan Court, Elgin, IL, 60120 Listing by Cameel Halim

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Robert Parsons, Berkshire Hathaway HomeServices Starck Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11247747
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 409 Hill Avenue built and last sold?
The property at 409 Hill Avenue was built in 1890 and last sold on Nov 17, 2021 for $225,000.
How much is this home worth?
The estimated value of the home located at 409 Hill Avenue is $238,896.
What are some comparable homes to 409 Hill Avenue?
There are currently no comparable homes to 409 Hill Avenue.
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