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Elgin 60123 Grant Park
424 Lawrence Avenue
$120,000
● House - Off Market

424 Lawrence Avenue

Elgin, IL 60123
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,338 Ft²
$142,100
RealtyHop Estimate
12.55%
Since Nov 1, 2021
National-US
Primary Model

About This Property

****SELLER FINANCING AVAILABLE****  Calling all investors and lovers of a great deal! Great opportunity for fix & flip, or fix & rent, or even rehab and move in. Potential to be 3 Bed 2.5 Bath (Plans attached) with bonus room that could be an office, laundry or even 4th bedroom. Huge lot with 2 car garage.
Unit Size
1,338 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$94
Property Type
House
Property Taxes
$322
HOA Dues
-
Year Built
1883

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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 #11116258)

Price History

Date / Event Date Event Price
Oct 18, 2021 Sold
Premium
Sold
Jun 8, 2021 Listed by Worth Clark Realty $126,260
Listed by Worth Clark Realty

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1883
  • Effective Year Built: 1883
  • Building Count: 1
  • Total Rooms: 7
  • 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: 778
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,370
  • Total Building Area: 2,116
  • Gross Building Area: 2,116
  • Building Area: 1,338
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,338
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: W C KIMBALLS 2ND ADDN
  • Land Acres: 0000000353
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: W C KIMBALLS 2ND ADDN LOT 6 BLOCK 50

Neighborhood

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

Geography

  • Parcel: 06-14-132-012
  • Block: 50
  • Lot: 6
  • Municipality: ELGIN
  • Latitude: 42.0406
  • Longitude: -88.2947

    Address

  • Full Address: 424 Lawrence Ave
  • Address - House Number: 424
  • Address - Street Name: Lawrence
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Elgin
  • Carrier Code: C038
  • 4-Digit Zip Code: 3516
  • Zip Code: 60123

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $483,346
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.2326
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 67
  • Final Value: 198,143
  • High Value: 244,240
  • Low Value: 152,045

    Market Valuation

  • Market Total Value: $167,293
  • Market Land Value: $54,889
  • Market Improvement Value: $112,404

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $55,742
  • Assessed Land Value: $18,289
  • Assessed Improvements Value: $37,453

    Sales

  • Current Sale Contract Date: May 25, 2021
  • Current Sale Recording Date: Jul 12, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021K053043
  • Previous Sale Recording Date: Jul 12, 2021
  • Previous Sale Contract Date: Apr 26, 2021
  • Previous Sale Amount: $72,000
  • Previous Sale Document Type: 55
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

$201

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1613 ft²

Average Home Age

42.1 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: David Riano, Worth Clark Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11116258
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 424 Lawrence Avenue built and last sold?
The property at 424 Lawrence Avenue was built in 1883 and last sold on May 25, 2021 for $112,000.
How much is this home worth?
The estimated value of the home located at 424 Lawrence Avenue is $135,244.
What are some comparable homes to 424 Lawrence Avenue?
There are currently no comparable homes to 424 Lawrence Avenue.
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