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Geneva 60134
623 McKinley Avenue
$510,000
● House - Off Market

623 McKinley Avenue

Geneva, IL 60134
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,881 Ft²
$3,235
Est. Monthly
6.31%
Cap Rate

About This Property

Beautiful 4 bedroom 2.5 bathroom home on a massive lot in the heart of geneva!
Unit Size
1,881 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$255
Property Type
House
Property Taxes
$878
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: 3 years ago (MRED MLS #12040513)

Price History

Date / Event Date Event Price
May 20, 2024 Sold
Premium
Sold
May 6, 2024 Listed by Coldwell Banker Realty $479,900
Listed by Coldwell Banker Realty

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,195
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,200
  • Total Building Area: 2,988
  • Gross Building Area: 2,988
  • Building Area: 1,793
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,793
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GROTE & CARLISLES SUBD
  • Land Acres: 0000000303
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: GROTE & CARLISLES SUB LOT 24

Neighborhood

  • School District Name: Geneva Community Unit School District 304
  • Census Tract: 852608

Geography

  • Parcel: 12-03-131-007
  • Lot: 24
  • Municipality: GENEVA
  • Latitude: 41.8954
  • Longitude: -88.3159

    Address

  • Full Address: 623 Mckinley Ave
  • Address - House Number: 623
  • Address - Street Name: Mckinley
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Geneva
  • Carrier Code: C007
  • 4-Digit Zip Code: 1228
  • Zip Code: 60134

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,085,588
  • Tax Rate Code Area: GE005

    Appraisal Valuation

  • Standard Deviation: 0.184
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 75
  • Final Value: 411,882
  • High Value: 487,702
  • Low Value: 336,062

    Market Valuation

  • Market Total Value: $408,217
  • Market Land Value: $101,279
  • Market Improvement Value: $306,939

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $136,018
  • Assessed Land Value: $33,746
  • Assessed Improvements Value: $102,272

    Sales

  • Current Sale Contract Date: Aug 15, 2022
  • Current Sale Recording Date: Oct 03, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 48524
  • Previous Sale Recording Date: Oct 10, 2018
  • Previous Sale Contract Date: Oct 03, 2018
  • Previous Sale Amount: $218,500
  • Previous Sale Document Type: 71
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 Geneva

Stats & Trends

Median Asking:

$510,000

Sale Price/ft²

$262

Below Asking

0.01%

Average Days on Market

40

Average Home Size

1917 ft²

Average Home Age

54.4 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

Unit for rent at 1420 Marie Street, St. Charles, IL, 60174

$3,500 /mo

  • 4 Beds
  • 2 Baths
  • 2,100 ft²
1420 Marie Street, St. Charles, IL, 60174 Listing by Susan Macino
Unit for rent at 40 S Pine Street, Geneva, IL, 60134

$3,200 /mo

  • 3 Beds
  • 2 Baths
  • 1,173 ft²
40 S Pine Street, Geneva, IL, 60134 Listing by Loren Hemming

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Tracey Larsen, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 12040513
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 623 McKinley Avenue built and last sold?
The property at 623 McKinley Avenue was built in 1950 and last sold on Aug 15, 2022 for $397,000.
How much is this home worth?
The estimated value of the home located at 623 McKinley Avenue is $486,650.
What are some comparable homes to 623 McKinley Avenue?
There are currently no comparable homes to 623 McKinley Avenue.
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