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Elgin 60123 Grant Park
571 Clark Street
$255,000
● House - Off Market

571 Clark Street

Elgin, IL 60123
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,595 Ft²
$1,653
Est. Monthly
14.38%
Cap Rate

About This Property

Ranch home in a great location ready for your finishing touches! Paint and carpet will go a long way in this home! Large open layout! Home has great Karma and was lovingly cared for. Great location and easy access to the tollway, shopping and more! Massive unfinished basement can be finished to almost double you finished square footage. Newer Furnace, windows are in great shape 1 car garage has nice sized additional storage space.
Unit Size
1,595 Ft²
Days on Market
-
Land Size
-
Price per sqft
$157
Property Type
House
Property Taxes
$425
HOA Dues
-
Year Built
1946

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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.

Last updated: 3 years ago (MRED MLS #11959843)

Price History

Date / Event Date Event Price
Feb 22, 2024 Sold
Premium
Sold
Jan 11, 2024 Listed by Property Up Inc. $249,900
Listed by Property Up Inc.

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1946
  • Effective Year Built: 1946
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,595
  • Garage Type: 4
  • Parking Space Count: 1
  • 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: 3,190
  • Gross Building Area: 3,190
  • Building Area: 1,595
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 1,595
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: STELFORDS ADDN
  • Land Acres: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: STELFORDS ADDN LOT 4 BLOCK 3

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 851000

Geography

  • Parcel: 06-11-352-003
  • Block: 3
  • Lot: 4
  • Municipality: ELGIN
  • Latitude: 42.0479
  • Longitude: -88.2991

    Address

  • Full Address: 571 Clark St
  • Address - House Number: 571
  • Address - Street Name: Clark
  • Address - Suffix Type: St
  • State: IL
  • City Name: Elgin
  • Carrier Code: C038
  • 4-Digit Zip Code: 2749
  • Zip Code: 60123

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $510,538
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.1389
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 83
  • Final Value: 290,023
  • High Value: 330,308
  • Low Value: 249,738

    Market Valuation

  • Market Total Value: $209,718
  • Market Land Value: $37,332
  • Market Improvement Value: $172,386

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $69,878
  • Assessed Land Value: $12,439
  • Assessed Improvements Value: $57,439

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 12, 2024
  • Current Sale Recording Date: Feb 26, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6051
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:

$365,000

Sale Price/ft²

$201

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1630 ft²

Average Home Age

45.5 years

Currently For Sale

41 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

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MRED

Listed by: John Herman, Property Up Inc.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11959843
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 571 Clark Street built and last sold?
The property at 571 Clark Street was built in 1946 and last sold on Feb 12, 2024 for $255,000.
How much is this home worth?
The estimated value of the home located at 571 Clark Street is $0.
What are some comparable homes to 571 Clark Street?
There are currently no comparable homes to 571 Clark Street.
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