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Elgin 60120 Northeast Elgin
671 Chester Avenue
$242,000
● House - Off Market

671 Chester Avenue

Elgin, IL 60120
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,305 Ft²
$1,603
Est. Monthly
15.00%
Cap Rate

About This Property

Welcome to your new home, 4 bedrooms, 2 bathrooms, basement, and 1 car garge. Close to major roads, such as I-90 and US 20. Close to shopping, dining, and downtown Elgin. Property is being sold in as-is conditions. Call now to schedule your private appointment.
Unit Size
1,305 Ft²
Days on Market
-
Land Size
-
Price per sqft
$192
Property Type
House
Property Taxes
$375
HOA Dues
-
Year Built
1930

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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

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 870
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,600
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,175
  • Gross Building Area: 2,175
  • Building Area: 1,305
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,305
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LUDLOWS ADDN
  • Land Acres: 0000000152
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: LUDLOWS ADDN LOT 6 BLOCK 19

Neighborhood

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

Geography

  • Parcel: 06-12-283-005
  • Block: 19
  • Lot: 6
  • Municipality: ELGIN
  • Latitude: 42.0521
  • Longitude: -88.2645

    Address

  • Full Address: 671 Chester Ave
  • Address - House Number: 671
  • 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: $386,776
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.1606
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 79
  • Final Value: 237,237
  • High Value: 275,360
  • Low Value: 199,115

    Market Valuation

  • Market Total Value: $178,496
  • Market Land Value: $35,945
  • Market Improvement Value: $142,551

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $59,475
  • Assessed Land Value: $11,977
  • Assessed Improvements Value: $47,498

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 30, 1998
  • Current Sale Recording Date: Nov 03, 1998
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 33
  • Current Sale Input Document Number: 98K101701
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:

$305,000

Sale Price/ft²

$200

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1602 ft²

Average Home Age

59.3 years

Currently For Sale

17 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

Rentals Near You

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MRED

Listed by: Eddie Quintana-Garcia, Netgar Investments, Inc
Data Source: MRED, MLS# MRD12380837
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 671 Chester Avenue built and last sold?
The property at 671 Chester Avenue was built in 1930 and last sold on Oct 30, 1998 for $120,000.
How much is this home worth?
The estimated value of the home located at 671 Chester Avenue is $0.
What are some comparable homes to 671 Chester Avenue?
There are currently no comparable homes to 671 Chester Avenue.
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