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Elgin 60120 Northeast Elgin
659 Chester Avenue
$219,000
● House - Off Market

659 Chester Avenue

Elgin, IL 60120
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,177 Ft²
$1,366
Est. Monthly
9.90%
Cap Rate

About This Property

Welcome to 659 Chester Avenue! This 2 bedrooms and 1 bathroom is waiting for your new ideas. New Roof (2024), New Water Heather (2023). Convenient location close to the Metra Station, Casino, I-90, Route 25, Route 31, Route 20, shopping centers, and much more. The property needs some work and is being Sold AS-IS and priced accordingly.
Unit Size
1,177 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$187
Property Type
House
Property Taxes
$285
HOA Dues
-
Year Built
1898

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Cap Rate Calculator

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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.

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1898
  • Effective Year Built: 1898
  • Building Count: 1
  • Total Rooms: 7
  • 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: 420
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,400
  • Lot Size Depth Feet: 880
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,350
  • Gross Building Area: 1,350
  • Building Area: 930
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 930
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LUDLOWS ADDN
  • Land Acres: 0000000101
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: LUDLOWS ADDN NORTH 88 FT LOT 9 BLOCK 19

Neighborhood

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

Geography

  • Parcel: 06-12-283-002
  • Block: 19
  • Lot: 9
  • Municipality: ELGIN
  • Latitude: 42.0521
  • Longitude: -88.265

    Address

  • Full Address: 659 Chester Ave
  • Address - House Number: 659
  • Address - Street Name: Chester
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Elgin
  • Carrier Code: C006
  • 4-Digit Zip Code: 3092
  • Zip Code: 60120

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $328,948
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.2355
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 67
  • Final Value: 213,689
  • High Value: 264,030
  • Low Value: 163,349

    Market Valuation

  • Market Total Value: $131,861
  • Market Land Value: $30,882
  • Market Improvement Value: $100,978

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $43,936
  • Assessed Land Value: $10,290
  • Assessed Improvements Value: $33,646

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 13, 2020
  • Current Sale Recording Date: Mar 20, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2020K014450
  • Previous Sale Recording Date: Jul 25, 2017
  • Previous Sale Contract Date: Jul 11, 2017
  • Previous Sale Amount: $114,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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:

$302,500

Sale Price/ft²

$200

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1617 ft²

Average Home Age

60.5 years

Currently For Sale

16 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 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: Eddie Quintana-Garcia, Netgar Investments, Inc
Data Source: MRED, MLS# MRD12291657
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 659 Chester Avenue built and last sold?
The property at 659 Chester Avenue was built in 1898 and last sold on Feb 13, 2020 for $144,000.
How much is this home worth?
The estimated value of the home located at 659 Chester Avenue is $227,653.
What are some comparable homes to 659 Chester Avenue?
There are currently no comparable homes to 659 Chester Avenue.
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