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Elgin 60120 Southeast Elgin
518 Raymond Street
$275,000
● House - Off Market

518 Raymond Street

Elgin, IL 60120
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,800 Ft²
$1,790
Est. Monthly
10.45%
Cap Rate

About This Property

Need more living space? Come and check out this spacious 2 story Home with 4 bedrooms, 2 full bathrooms.Master on Main floor with full bathroom.Super convenient. Big Kitchen with natural sun light everywhere. Refinished Harwood floors. Check the rooms sizes! This type of home is hard to find. Bsmt has exterior access.Home located near main roads, Metra Train Station, Grand Victoria Casino, restaurants and Parks.  Please schedule your appointment as soon as possible.
Unit Size
1,800 Ft²
Days on Market
-
Land Size
-
Price per sqft
$153
Property Type
House
Property Taxes
$439
HOA Dues
-
Year Built
1900

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Cap Rate Calculator

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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.

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 1
  • 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: 900
  • Garage Type: 0
  • Parking Space Count: 4
  • 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: 2,700
  • Gross Building Area: 2,700
  • Building Area: 1,800
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 1,800
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GROTE&WALDRONS ADDN
  • Land Acres: 0000000200
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: GROTE & WALDRONS ADDN LOT 4 BLOCK 3

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 851400

Geography

  • Parcel: 06-24-178-020
  • Block: 3
  • Lot: 4
  • Municipality: ELGIN
  • Latitude: 42.0259
  • Longitude: -88.2729

    Address

  • Full Address: 518 Raymond St
  • Address - House Number: 518
  • Address - Street Name: Raymond
  • Address - Suffix Type: St
  • State: IL
  • City Name: Elgin
  • Carrier Code: C019
  • 4-Digit Zip Code: 8242
  • Zip Code: 60120

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $470,262
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.1698
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 78
  • Final Value: 233,987
  • High Value: 273,739
  • Low Value: 194,235

    Market Valuation

  • Market Total Value: $162,764
  • Market Land Value: $31,050
  • Market Improvement Value: $131,714

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $54,233
  • Assessed Land Value: $10,346
  • Assessed Improvements Value: $43,887

    Sales

  • Current Sale Contract Date: Aug 16, 2016
  • Current Sale Recording Date: Aug 19, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2016K043842
  • Previous Sale Recording Date: May 24, 2004
  • Previous Sale Contract Date: Apr 01, 2004
  • Previous Sale Amount: $185,000
  • 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 Southeast Elgin

Stats & Trends

Median Asking:

$310,000

Sale Price/ft²

$213

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1521 ft²

Average Home Age

47.4 years

Currently For Sale

27 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 920 Fairfax Court, Elgin, IL, 60120

$3,400 /mo

  • 4 Beds
  • 2 Baths
  • 1,980 ft²
920 Fairfax Court, Elgin, IL, 60120 Listing by Matthew Lysien

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Elvia Estrada, Smart Home Realty
Data Source: MRED, MLS# MRD12434185
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 518 Raymond Street built and last sold?
The property at 518 Raymond Street was built in 1900 and last sold on Aug 16, 2016 for $85,000.
How much is this home worth?
The estimated value of the home located at 518 Raymond Street is $0.
What are some comparable homes to 518 Raymond Street?
There are currently no comparable homes to 518 Raymond Street.
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