$239,000
●
House -
Off Market
467 N Spring Street
Elgin, IL 60120
2 Beds
1 Bath
1,140 Ft²
$1,416
Est. Monthly
9.07%
Cap Rate
About This Property
MULTIPLE OFFERS: HIGHEST AND BEST BY FRIDAY, JULY 19TH AT 1PM.
Welcome to this recently renovated ranch home in the heart of the
Northeast side of Elgin, just minutes from Gail Bordon Library, Fox
River, bike and walking paths, and downtown Elgin. The home has a
freshly painted exterior and newer roof. A charming front porch
leads into the home. The interior of the home has undergone a
complete re-fresh with drywall replaced where needed, freshly
painted, and all new flooring. Huge 20x18 living room with lots of
windows, ceiling fan, and a wood-burning fireplace. Updated kitchen
with gray painted cabinets, granite countertops, and stainless
steel appliances. A door leads out to the back patio and fully
fenced yard. Off the kitchen is a large mud/laundry/storage room
with plenty of space and updated washer and dryer. Two good-sized
bedrooms share an amazing hall bathroom with a huge shower with
bench and a white vanity. To the side of the property is a private
driveway with room for 2-3 cars.
Unit Size
1,140 Ft²
Days on Market
-
Land Size
-
Price per sqft
$192
Property Type
House
Property Taxes
$340
HOA Dues
-
Year Built
1943
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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 #12112708)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 6, 2024 | Sold | ||
| Sold | |||
| Jul 20, 2024 | In contract | - | |
| In contract | |||
| Jul 17, 2024 | Listed by Coldwell Banker Realty | $219,000 | |
| Listed by Coldwell Banker Realty | |||
| Apr 29, 2024 | Sold | ||
| Sold | |||
| Apr 12, 2024 | Listed by Legacy Properties, A Sarah Leonard Company, LLC | $139,000 | |
| Listed by Legacy Properties, A Sarah Leonard Company, LLC | |||
| | |||
|
Calling all investors! Cash Only. 2-bed 1-bath ranch with prime location nestled in the heart of the Northeast side of Elgin~ just minutes from Gail Borden Library, Fox River, bike and walking paths and downtown Elgin! Sold AS-IS/WHERE-IS. The homes roof has recently been replaced but the interior will need repair including repairs needed from previous water damage etc. Buyer will be responsible for clean out and removing any property that the seller does not take with them. Eat in kitchen with table space and the spacious living room has beautiful masonry fireplace. Great opportunity to make repairs and flip or hold as income property. Easy access to Metra and expressways.
| |||
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Northeast Elgin
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Listed by: Anne DuBray, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 12112708
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.
Last Updated: 3 years ago
Data Source: MRED, MLS# 12112708
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