For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Elgin 60120 Northeast Elgin
688 Ford Avenue
$190,000
● House - Off Market

688 Ford Avenue

Elgin, IL 60120
bedrooms
5 Beds
bathrooms
3 Baths
square feet
1,800 Ft²
$221,451
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

EXCELLENT OPPORTUNITY FOR A 5 BEDROOM 3 BATH HOME SINGLE FAMILY HOME W/ A  2 CAR ATTACHED GARAGE AND 1 CAR DETACHED GARAGE. HUGE LIVING AREA. THE KITCHEN FEATURES MAPLE CABINETS, STAINLESS STEEL APPLIANCES, AND GRANITE COUNTERS AND OFFERS GREAT NATURAL. DINING OFF KITCHEN. PATIO IN REAR GREAT FOR ENTERTAINING. PARTIAL BASEMENT. CONVENIENT LOCATION IN CLOSE PROXIMITY TO SCHOOLS, PARKS, RETAIL/DINING, AND EXPRESSWAY.
Unit Size
1,800 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$119
Property Type
House
Property Taxes
$518
HOA Dues
-
Year Built
1975

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #11490856)

Price History

Date / Event Date Event Price
Mar 24, 2023 Sold
Premium
Sold
Aug 12, 2022 Listed by GenStone Realty $214,900
Listed by GenStone Realty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • 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: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,356
  • Lot Size Depth Feet: 910
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,800
  • Gross Building Area: 1,800
  • Building Area: 1,800
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 1,800
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GEO M LUDLOWS ADDN
  • Land Acres: 0000000100
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: GEO M LUDLOWS ADDN LOT 1 BLOCK 1

Neighborhood

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

Geography

  • Parcel: 06-01-481-023
  • Block: 1
  • Lot: 1
  • Municipality: ELGIN
  • Latitude: 42.0598
  • Longitude: -88.2637

    Address

  • Full Address: 688 Ford Ave
  • Address - House Number: 688
  • Address - Street Name: Ford
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Elgin
  • Carrier Code: C008
  • 4-Digit Zip Code: 2220
  • Zip Code: 60120

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $566,390
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.1667
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 78
  • Final Value: 276,773
  • High Value: 322,920
  • Low Value: 230,625

    Market Valuation

  • Market Total Value: $196,035
  • Market Land Value: $27,818
  • Market Improvement Value: $168,217

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $65,319
  • Assessed Land Value: $9,269
  • Assessed Improvements Value: $56,050

    Sales

  • Current Sale Contract Date: Mar 14, 2023
  • Current Sale Recording Date: Mar 30, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 9760
  • Previous Sale Recording Date: Apr 13, 2015
  • Previous Sale Contract Date: Apr 01, 2015
  • Previous Sale Amount: $170,000
  • 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:

$312,450

Sale Price/ft²

$204

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1542 ft²

Average Home Age

66.4 years

Currently For Sale

23 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 1615 Maureen Drive, Hoffman Estates, IL, 60192

$4,000 /mo

  • 4 Beds
  • 2 Baths
  • 2,647 ft²
1615 Maureen Drive, Hoffman Estates, IL, 60192 Listing by Mungunzul Tumurbaatar

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Eric Egeland, GenStone Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11490856
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 688 Ford Avenue built and last sold?
The property at 688 Ford Avenue was built in 1975 and last sold on Mar 14, 2023 for $190,000.
How much is this home worth?
The estimated value of the home located at 688 Ford Avenue is $0.
What are some comparable homes to 688 Ford Avenue?
There are currently no comparable homes to 688 Ford Avenue.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Elgin Homes for Sale
Elgin Houses for Sale
Elgin Condos for Sale
Elgin Townhouses for Sale
Elgin Multifamily for Sale
Elgin Land for Sale
Elgin Commercial for Sale
Elgin Homes with Basements
Nearby Cities
Schaumburg Homes for Sale
Palatine Homes for Sale
Arlington Heights Homes for Sale
Wheaton Homes for Sale
Lombard Homes for Sale
Crystal Lake Homes for Sale
Hoffman Estates Homes for Sale
Bartlett Homes for Sale
Nearby Property Records
Kane County, IL Property Records
DuPage County, IL Property Records
McHenry County, IL Property Records
DeKalb County, IL Property Records
Boone County, IL Property Records
Kendall County, IL Property Records
Cook County, IL Property Records
Will County, IL Property Records
Neighborhoods
Four Colonies Real Estate
Lake In The Hills Estates Real Estate
Meadowbrook Real Estate
Crystal Lake Real Estate
Northeast Elgin Real Estate
Buffalo Grove Real Estate
Coventry Real Estate
Boulder Ridge Country Club Estates Real Estate
Nearby Counties
York Homes for Sale
Schaumburg Homes for Sale
Milton Homes for Sale
Palatine Homes for Sale
Algonquin Homes for Sale
Bloomingdale Homes for Sale
Hanover Homes for Sale
Elk Grove Homes for Sale
Top Real Estate Agents
Top Agents in Northeast Elgin
Top Agents in Elgin
Top Agents in York
Top Agents in Schaumburg
Top Agents in Milton
Top Agents in Palatine
Top Agents in Algonquin
Top Agents in Bloomingdale