$120,000
●
Condo -
Off Market
580 Hill Drive #3201
Hoffman Estates, IL 60169
2 Beds
2 Baths
1,000 Ft²
$137,536
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model
About This Property
Why pay rent when you can own and it can be less expensive. Large 2
bedroom 2 bath 2nd floor unit. Both bedrooms are very spacious with
ample closet space. Master bedroom has huge walk in closet and its
own private full bath. The kitchen cabinets have been updated. New
balcony. Heat, water, cooking gas, parking and garbage are included
in your monthly assessment. Coin laundry and storage locker are
located in the building. 1 reserved parking spot close to
front door and ample visitor parking. Sought after District 54 and
211, including Conant High school. Close to shopping, schools,
retail, restaurants, Woodfield Mall, Expressways 90,290, and 355.
Enjoy Hoffman Estates, Schaumburg Township and county benefits like
the huge library, swimming pools, parks, and forest preserves.
Great opportunity for an investor unit is rentable
Unit Size
1,000 Ft²
Days on Market
-
Land Size
-
Price per sqft
$119
Property Type
Condo
Property Taxes
$211
HOA Dues
$344
Year Built
-
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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 #11054254)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 6, 2021 | Sold | ||
| Sold | |||
| Apr 15, 2021 | Listed by Century 21 Langos & Christian | $119,000 | |
| Listed by Century 21 Langos & Christian | |||
Property Highlights
Parking Available
Parking Details
Total Number of Parking: 1
Parking Features: Assigned
Interior Details
Bedrooms: 2
Bathrooms: 2
Full Bathrooms: 2
Interior Features: Walk-In Closet(s)
Appliances: Range, Refrigerator
Rooms: 5
Basement: None
Basement Description: None
Exterior Details
Ownership: Condo
Exterior Building Type: Brick
Age: 41-50 Years
Rebuilt(Y/N): No
Parcel Number: 07162000461092
Property Type: Residential
Year Built: 1974
No Disability Access
Special Conditions: None
Exterior Features: Balcony
Lot Size Dimensions: COMMON
Water Source: Lake Michigan
Financial Details
Tax Year: 2019
Tax Annual Amount: $2,532
Tax Exemptions: None
Utilities Details
Cooling: Window/Wall Unit - 1
Heating: Natural Gas, Baseboard
Sewer : Public Sewer
Location Details
Township: Schaumburg
Corporate Limits: Hoffman Estates
Directions: Higgins, West of Roselle Rd. to Valley South to Hill West
County or Parish: Cook
Elementary School District: 54
Elementary School: Lakeview Elementary School
Middle Or Junior School District: 54
Middle Or Junior School: Robert Frost Junior High School
High School District: 211
High School: J B Conant High School
Other Details
Association Fee Includes: Heat, Water, Gas, Parking, Insurance, Clubhouse, Pool, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
Association Fee: $344
Association Fee Freq: Monthly
Holds Earnest Money: No
Possession: Closing
Some Photos Virtually Staged (Y/N): No
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
12/18/2021
|
2 Bed
|
1 Bath
|
-
|
$107,900
2 Bed
1 Bath
|
$105,000
-2.69%
01/31/2022
|
Syed Hussain
Amis Real Estate,, Inc.
| |
|
04/15/2021
|
2 Bed
|
2 Bath
|
1000 ft²
|
$119,000
2 Bed
2 Bath
1000 ft²
|
$120,000
+0.84%
07/16/2021
|
Victoria Unger
Century 21 Langos & Christian
| |
|
07/28/2020
|
2 Bed
|
2 Bath
|
900 ft²
|
$129,900
2 Bed
2 Bath
900 ft²
|
$124,000
-4.54%
01/29/2021
|
Sarah Leonard
|
Building Info
About Hoffman Estates
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Listed by: Victoria Unger, Century 21 Langos & Christian
Last Updated: 3 years ago
Data Source: MRED, MLS# 11054254
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# 11054254
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