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Elgin 60120 Northeast Elgin
637 Slade Avenue
$185,000
● House - Off Market

637 Slade Avenue

Elgin, IL 60120
bedrooms
2 Beds
bathrooms
1 Bath
square feet
882 Ft²
$155,574
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

Excellent opportunity to renovate this single family home which offers additional living space in the finished attic and basement.  Nice deep lot with 1 car garage. Basement has an additional bath and bedroom.  Seller will not respond to offers until 06/22/2023.  Agents, Please see below for all offer submissions.
Unit Size
882 Ft²
Days on Market
-
Land Size
-
Price per sqft
$177
Property Type
House
Property Taxes
$330
HOA Dues
-
Year Built
1920

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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 #11802748)

Price History

Date / Event Date Event Price
Jul 21, 2023 Sold
Premium
Sold
Jun 8, 2023 Listed by Re/Max Premier $156,000
Listed by Re/Max Premier

Property Highlights

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • 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: 500
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 882
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,468
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 490
  • Total Building Area: 1,764
  • Gross Building Area: 1,764
  • Building Area: 882
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 882
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROBERT B MAULES SUB
  • Land Acres: 0000000148
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: ROBERT B MAULES SUB EAST 336 FT OF BLOCK 2 & ALL OF BLOCK 3 OF FAIR LAWN ADDN LOT 2 BLOCK 2

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 850800

Geography

  • Parcel: 06-12-280-010
  • Block: 2,3
  • Lot: 2
  • Municipality: ELGIN
  • Latitude: 42.0529
  • Longitude: -88.2659

    Address

  • Full Address: 637 Slade Ave
  • Address - House Number: 637
  • Address - Street Name: Slade
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Elgin
  • Carrier Code: C025
  • 4-Digit Zip Code: 3029
  • Zip Code: 60120

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $395,734
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.1698
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 78
  • Final Value: 210,632
  • High Value: 246,416
  • Low Value: 174,848

    Market Valuation

  • Market Total Value: $154,976
  • Market Land Value: $36,047
  • Market Improvement Value: $118,929

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $51,638
  • Assessed Land Value: $12,011
  • Assessed Improvements Value: $39,627

    Sales

  • Current Sale Contract Date: Jul 13, 2023
  • Current Sale Recording Date: Jul 25, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 25047
  • Previous Sale Recording Date: Jan 05, 2004
  • Previous Sale Contract Date: Sep 30, 2003
  • Previous Sale Amount: $145,000
  • 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 Northeast Elgin

Stats & Trends

Median Asking:

$310,000

Sale Price/ft²

$204

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1562 ft²

Average Home Age

65.6 years

Currently For Sale

20 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 113 Elm Street, Elgin, IL, 60123

$1,900 /mo

  • 2 Beds
  • 1 Bath
  • 858 ft²
113 Elm Street #B, Elgin, IL, 60123 Listing by Natalie Kofie
Unit for rent at 40 Dupage Court, Elgin, IL, 60120

$2,075 /mo

  • 2 Beds
  • 2 Baths
  • 969 ft²
40 Dupage Court #409, Elgin, IL, 60120 Listing by Andrew Stoll

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: John Monino, Re/Max Premier
Last Updated: 3 years ago
Data Source: MRED, MLS# 11802748
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 637 Slade Avenue built and last sold?
The property at 637 Slade Avenue was built in 1920 and last sold on Jul 13, 2023 for $185,000.
How much is this home worth?
The estimated value of the home located at 637 Slade Avenue is $0.
What are some comparable homes to 637 Slade Avenue?
There are currently no comparable homes to 637 Slade Avenue.
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