$194,900
●
House -
Off Market
650 ALGONA Avenue
Elgin, IL 60120
3 Beds
2 Baths
1,000 Ft²
$200,701
RealtyHop Estimate
2.98%
Since Apr 1, 2022
National-US
Primary Model
About This Property
ATTENTION!!! ATTENTION!!! Don't miss this great opportunity
to get this 4 bedroom with 2 full baths house in the heart of
Elgin. As soon as you coming you will enjoy a nice size porch
to protect the entrance from the harsh Chicago weather.
Coming to a nice size living room and enjoy the hard wood
flooring thru out the house. To the right you will appreciate
the open concept kitchen with separate eating area. Three nice size
bedrooms in the first floor plus the large Master bedroom with
private full bath and walking close in the basement. There is a
separate laundry room with storage space. House comes with
newer appliances, roof, A/C, water heater, some newer windows.
Minutes from I-90, shopping centers, restaurants, parks, etc. $500
Home Warranty Highest and Best by Tuesday 3pm
Unit Size
1,000 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$195
Property Type
House
Property Taxes
$281
HOA Dues
-
Year Built
1940
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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 #11328760)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 4, 2022 | Sold | ||
| Sold | |||
| Feb 18, 2022 | Listed by GMS Realty Group, LLC | $194,900 | |
| Listed by GMS Realty Group, LLC | |||
| Feb 5, 2019 | No longer available | - | |
| No longer available | |||
| Nov 24, 2018 | Listed | $159,900 | |
| Listed | |||
| | |||
|
4 BEDROOM HOUSE at this very affordable price !!! Nicely remodeled home with large master bedroom and lots of space for the rest of the family. Comes with new appliances, new roof, new A/C, new water heater, some new windows. Just minutes from I-90 and shopping centers, restaurants, parks, etc. The manager has listed the unit size as 1000 square feet.
| |||
| Feb 8, 2007 | Listed | $129,900 | |
| Listed | |||
| | |||
|
REDUCED!!! 1ST TIME BUYING? THIS IS IT! HAS NEWER SIDING. PARTIALLY FINISHED BASEMENT. UPDATED ELECTRIC. **Sold as-is, no survey or disclosures provided by seller, addendums to follow accepted offer, 100% Tax proration. Proof of funds or pre-qual with all offers. Buyer to verify all info**
| |||
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Northeast Elgin
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Listed by: Sergio Lara, GMS Realty Group, LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11328760
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# 11328760
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