690 W Echo Lane
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 29, 2024 | Sold | ||
| Sold | |||
| Feb 8, 2024 | Listed by Baird & Warner | $198,900 | |
| Listed by Baird & Warner | |||
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What an opportunity!! Almost 1.15 acre of picturesque land, cleared and waiting for you to build the home of your dreams! You get convenience AND privacy with this fantastic location. Situated one mile from downtown Palatine and just minutes to expressways, the Metra, shopping, and restaurants, Echo Lane offers a little bit of peace surrounded by serene nature. Bonus! It ends at a nature trail/bike path where you can hop on to the Palatine Park District Trails. And talk about ready - soil boring report, perc test & recent plat of survey are all available. Lot is 100 ft wide and 500 ft deep. Come by, walk the lot and make this incredible opportunity yours!
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| Oct 4, 2021 | Sold | ||
| Sold | |||
| Aug 17, 2021 | No longer available | - | |
| No longer available | |||
| May 5, 2021 | Listed by Homesmart Connect LLC | $649,900 | |
| Listed by Homesmart Connect LLC | |||
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WILL BUILD TO SUIT! Imagine the possibilities of your dream home on this beautiful private 1 acre lot! Bring your ideas & wish list and this renowned builder will craft the home you've always dreamed of! The home displayed is just one example of a home that can be built here. Choose from customizable floor plans or a completely custom home. Expansive family rooms to custom designed gourmet kitchens to luxury master bedroom suites and baths. Want a home with an in-law suite? A sprawling ranch or a 2 story? Let's make it uniquely your own. This awesome 1 acre lot has everything you desire for your own private retreat. Breathtaking views of nature, deer, and birds, in all 4 seasons. Enjoy the pretty nature trail & bike path at the end of the street. Deer Grove Forest Preserve is only 1/4 mile away. Palatine Hills Golf & Driving range 3 minutes away. And only 1 mile to downtown Palatine and the train. This awesome area has so much to offer! Let's make your dream home a reality today. Lot is 500 ft deep and goes far back beyond fence you see in photo.(Lot can also be purchased separately and you can bring your own builder.) Schedule your no obligation appt with the builder to discuss what you envision for your new home! Buyer's agents call listing agent to schedule appt with builder. The manager has listed the unit size as 2050 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017