$215,000
●
House -
Off Market
633 Chester Avenue
Elgin, IL 60120
3 Beds
2 Baths,
1
Half Bath
1,365 Ft²
$1,430
Est. Monthly
12.70%
Cap Rate
About This Property
Welcome to this 3 bedroom and 1.5 bath cape cod. Nice on interior,
some handyman work needed on exterior. Gleaming hardwood floors
throughout the living area. The home has a lot of older woodwork,
which adds character. The kitchen has ample counter and cabinet
space. There is a full basement for extra storage. Enclosed front
porch welcomes you in. House was mostly updated back in 2014 with.
Kitchen & baths w/granite counter & ceramic floors. A/C, newer roof
on house & garage installed in 2014. New attic insulation in 2020,
new fence 2020, water heater 2021, windows & garage just painted in
2023. Chimney flashing new in 2023. Large fenced yard, extra long
driveway & lots of bsmt storage. 1 car garage w/driveway. Close to
local parks and restaurants.
Unit Size
1,365 Ft²
Days on Market
-
Land Size
-
Price per sqft
$158
Property Type
House
Property Taxes
$374
HOA Dues
-
Year Built
1900
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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 #11930319)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 22, 2024 | Sold | ||
| Sold | |||
| Nov 16, 2023 | No longer available | - | |
| No longer available | |||
| Nov 14, 2023 | Listed by Homesmart Connect LLC | $215,000 | |
| Listed by Homesmart Connect LLC | |||
| Sep 27, 2023 | In contract | - | |
| In contract | |||
| Sep 18, 2023 | Listed by HomeSmart Connect Real Estate | $225,000 | |
| Listed by HomeSmart Connect Real Estate | |||
| | |||
|
Welcome to this 3 bedroom and 1.5 bath cape cod. Nice on interior, some handyman work needed on exterior. Gleaming hardwood floors through out much of the living area. The home has a lot of older woodwork, which adds character. The kitchen has ample counter and cabinet space. There is a full basement for extra storage. Enclosed front porch welcomes you in. House was mostly updated back in 2014 with new paint, carpeting, kitchen & baths w/granite counter & ceramic floors. A/C, new roofs on house & garage added in 2014. New attic insulation in 2020, new fence 2020, water heater 2021. Large fenced yard, extra long driveway & lots of bsmt storage. 1 car garage w/driveway. Close to local parks and restaurants. The manager has listed the unit size as 1365 square feet.
| |||
Property Highlights
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Northeast Elgin
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Listed by: Peter Dubiel, Homesmart Connect LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11930319
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# 11930319
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