See Home Value
$240,000
● House - Off Market

56 S Edison Avenue

Elgin, IL 60123
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,240 Ft²
$1,273
Est. Monthly
14.99%
Cap Rate

About This Property

Don't Miss Out on This Completely Renovated 3 Bed, 2 Bath Single Family Home! Owner Occupants or Investors Won't Find Another Move-In Ready Deal as Good as This Stunning Turn Key Remodel! Upon Entering, You'll Notice Updates Everywhere You Look! Entertain Guests in the Backyard, Formal Dining Room or in the Brand New Eat-In Kitchen Remodel w/ New Cabinets, Quartz Countertops & Stainless Steel Appliances (2023)! First Floor Master Bedroom w/ Ensuite Full Bath or Perfect for an In-Law Arrangement! Show Off Your Newly Renovated Bathrooms w/ New Toilets, New Sinks & Refurbished Tub Upstairs & New Vanity and Shower Downstairs (2023)! Clean the Home in a Breeze w/ the New Laminate Flooring in the Kitchen, Downstairs Bedroom, Both Bathrooms & Front Foyer (2023)! Relax w/ a Good Book or a Coffee & See the Sun Shine Through Your Completely Enclosed Front Porch! New Carpet Upstairs & Freshly Painted Throughout (2023)! Updated Window Casings, Baseboard & Improved Interior Walls Throughout (2023)! Venture Outside on Your Deck & Admire the New Soffit, Fascia, Gutters, Downspouts & New Vinyl Siding on the 2nd floor Exterior (2023)! New Roof, Water Heater & Furnace (2022), Newer Windows (2014)! Plenty of Space for Extra Storage or a Weekend Project in the Garage! Affordability, Beautiful Neighborhood w/ High Home Ownership & Loads of Updates Make for a Great Combination! Special Financing Offered on This Home Through Our Preferred Lender! No Need to Say No, No, No on This Completely Rehabbed House! This property qualifies for our preferred lender's LMIT Program.  This will be a savings of at least $7,000 off closing costs.
Unit Size
1,240 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$141
Property Type
House
Property Taxes
$414
HOA Dues
-
Year Built
1900

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Cap Rate Calculator

Last updated: 3 years ago (MRED MLS #11930354)

Price History

Date / Event Date Event Price
Feb 8, 2024 Sold
Sold
Nov 16, 2023 Listed by eXp Realty, LLC - Chicago $175,000
Listed by eXp Realty, LLC - Chicago

Property Highlights


Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • 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: 620
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,600
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,860
  • Gross Building Area: 1,860
  • Building Area: 1,240
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 5
  • Heating: 0
  • Heated Square Feet: 1,240
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ASHINGTON HEIGHTS ADDN
  • Land Acres: 0000000152
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: WASHINGTON HEIGHTS ADDN LOT 2 BLOCK 23

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 851101

Geography

  • Parcel: 06-15-477-011
  • Block: 23
  • Lot: 2
  • Municipality: ELGIN
  • Latitude: 42.033
  • Longitude: -88.3048

    Address

  • Full Address: 56 S Edison Ave
  • Address - House Number: 56
  • Street Direction: S
  • Address - Street Name: Edison
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Elgin
  • Carrier Code: C083
  • 4-Digit Zip Code: 6167
  • Zip Code: 60123

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $496,154
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.0882
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 92
  • Final Value: 174,239
  • High Value: 189,621
  • Low Value: 158,857

    Market Valuation

  • Market Total Value: $171,726
  • Market Land Value: $35,387
  • Market Improvement Value: $136,339

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $57,219
  • Assessed Land Value: $11,791
  • Assessed Improvements Value: $45,428

    Sales

  • Current Sale Contract Date: Feb 08, 2024
  • Current Sale Recording Date: Feb 13, 2024
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 4574
  • Previous Sale Recording Date: Jun 16, 2023
  • Previous Sale Contract Date: May 12, 2023
  • Previous Sale Amount: $130,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Southwest Elgin


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$2,800 /mo

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155 Festival Court, Elgin, IL, 60120 Listing by Graciela Martinez


Frequently Asked Questions

When was property at 56 South Edison Avenue built and last sold?
The property at 56 South Edison Avenue was built in 1900 and last sold on Feb 8, 2024 for $240,000.
How much is this home worth?
The estimated value of the home located at 56 South Edison Avenue is $181,029.
What are some comparable homes to 56 South Edison Avenue?
There are currently no comparable homes to 56 South Edison Avenue.