528 Old Mcdade RD
About This Property
Fresh interior paint throughout gives the home a clean, updated canvas, while the land opens the door to countless possibilities. Create an urban farm, establish a food forest or orchard, raise livestock, keep horses or design expansive gardens just minutes from downtown. With two separate access points from Old McDade Road and Maple Lane, the property also offers exceptional flexibility for future expansion.
Whether you're dreaming of multi-generational living, adding an ADU, workshop, guest quarters, or even exploring subdivision potential, this property is uniquely positioned to evolve alongside your lifestyle. There's ample room for a pool, outdoor entertaining spaces, additional structures, or simply enjoying the peace and privacy that comes with acreage in town.
A property with room for both roots and reinvention - all within walking distance to downtown Elgin.
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 7, 2026 | In contract | - | |
| In contract | |||
| May 21, 2026 | Listed by Love Street Realty, LLC | $374,999 | |
| Listed by Love Street Realty, LLC | |||
| May 17, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Mar 17, 2026 | Price Decreased |
$399,900
↓ $15K
(3.6%) | |
| Price Decreased | |||
| Feb 26, 2026 | Price Decreased |
$415,000
↓ $10K
(2.4%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017