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McHenry 60013 Silver Lakes Oakwood Hills
6116 Hilly Way
$188,153
● House - Off Market

6116 Hilly Way

Cary, IL 60013
bedrooms
2 Beds
bathrooms
1 Bath
square feet
734 Ft²
$1,140
Est. Monthly
11.35%
Cap Rate

About This Property

Absolutely adorable! Hard to find a home at this price point anymore! This starter home stands up tall! Deep lot! Covered front porch perfect for summer nights! Cozy front living room with tons of natural light! Freshly painted kitchen cabinetry, new sink/faucet, new countertops and upgraded luxury vinyl flooring! Separate flex area great for eating area/office! Full covered rear porch, excellent for storage or sitting room! Gracious size bedrooms! Upgraded full bath with tub/shower combo and custom tile walls! Some windows replaced! Excellent schools! The perfect place to call home!
Unit Size
734 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$256
Property Type
House
Property Taxes
$217
HOA Dues
-
Year Built
1950

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 2 years ago (MRED MLS #12273917)

Price History

Date / Event Date Event Price
Apr 4, 2025 Sold
Premium
Sold
Feb 6, 2025 In contract -
In contract
Feb 4, 2025 Listed by RE/MAX Horizon $188,000
Listed by RE/MAX Horizon

Property Highlights

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • 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: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,200
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 600
  • Total Building Area: 734
  • Building Area: 734
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 734
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SILVER LAKES OAKWOOD HILLS UNIT 1
  • Land Acres: 0000000165
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2001R0035263 LT 7 BLK 28 SILVER LAKES OAKWOOD HILLS UNIT 1

Neighborhood

  • School District Name: Cary Community Consolidated School District 26
  • Census Tract: 871304

Geography

  • Parcel: 19-01-202-007
  • Block: 28
  • Lot: 7
  • Municipality: ALGONQUIN TWP
  • Latitude: 42.2405
  • Longitude: -88.2461

    Address

  • Full Address: 6116 Hilly Way
  • Legal Unit: 1
  • Address - House Number: 6116
  • Address - Street Name: Hilly
  • Address - Suffix Type: Way
  • State: IL
  • City Name: Cary
  • Carrier Code: R008
  • 4-Digit Zip Code: 1320
  • Zip Code: 60013

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $261,658
  • Tax Rate Code Area: 19006

    Appraisal Valuation

  • Standard Deviation: 0.1815
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 76
  • Final Value: 169,868
  • High Value: 200,704
  • Low Value: 139,032

    Market Valuation

  • Market Total Value: $113,940
  • Market Land Value: $31,077
  • Market Improvement Value: $82,863

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $37,980
  • Assessed Land Value: $10,359
  • Assessed Improvements Value: $27,621

    Sales

  • Current Sale Contract Date: May 25, 2001
  • Current Sale Recording Date: May 29, 2001
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2001R0035263
  • Previous Sale Recording Date: Feb 26, 2001
  • Previous Sale Contract Date: Feb 13, 2001
  • Previous Sale Amount: $80,000
  • Previous Sale Document Type: 27
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 Silver Lakes Oakwood Hills

Stats & Trends

Median Asking:

$325,000

Sale Price/ft²

$216

Below Asking

0.01%

Average Days on Market

36

Average Home Size

1993 ft²

Average Home Age

46.3 years

Currently For Sale

6 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

Rentals Near You

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MRED

Listed by: Robert Wisdom, RE/MAX Horizon
Last Updated: 2 years ago
Data Source: MRED, MLS# 12273917
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 6116 Hilly Way built and last sold?
The property at 6116 Hilly Way was built in 1950 and last sold on May 25, 2001 for $110,000.
How much is this home worth?
The estimated value of the home located at 6116 Hilly Way is $0.
What are some comparable homes to 6116 Hilly Way?
There are currently no comparable homes to 6116 Hilly Way.
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