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Elgin 60123 Near West Elgin
71 S Jackson Street
$335,000
● House - Off Market

71 S Jackson Street

Elgin, IL 60123
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,479 Ft²
$2,087
Est. Monthly
10.42%
Cap Rate

About This Property

Charm of yesterday with the amenities of today! Hard to find 4 bedroom on Elgin's west side with 66x197 fenced lot with pergola. Beautifully renovated home will delight you! Fabulous custom staircase, all new windows, baths and kitchen. All freshly painted. New roof, water heater, furnace and CAC. Attention to detail here! SS appliances in updated kitchen. Two full baths, one with shower, one with tub. Mud room off rear entrance and covered front porch 5'3"x13'5". Four bedrooms up. 1479 Sq Ft above grade, basement 766 with exterior entrance. Lovely neighborhood. Walk to town. You will be hard pressed to find a home as nicely renovated as this one. Quick closing possible!
Unit Size
1,479 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$227
Property Type
House
Property Taxes
$442
HOA Dues
-
Year Built
1900

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 28
  • 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: 8
  • Basement Area: 766
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,068
  • Lot Size Depth Feet: 1,980
  • Lot Size Frontage Feet: 660
  • Total Building Area: 2,245
  • Gross Building Area: 2,245
  • Building Area: 1,479
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 6
  • Heating: 0
  • Heated Square Feet: 1,479
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WEST ELGIN
  • Land Acres: 0000000300
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: W C KIMBALLS PLAT OF WEST ELGIN LOTS 4 & 5 BLOCK 32

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 851600

Geography

  • Parcel: 06-14-410-006
  • Block: 32
  • Lot: 4,5
  • Municipality: ELGIN
  • Latitude: 42.0341
  • Longitude: -88.2884

    Address

  • Full Address: 71 S Jackson St
  • Address - House Number: 71
  • Street Direction: S
  • Address - Street Name: Jackson
  • Address - Suffix Type: St
  • State: IL
  • City Name: Elgin
  • Carrier Code: C058
  • 4-Digit Zip Code: 6372
  • Zip Code: 60123

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $502,648
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.1389
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 83
  • Final Value: 260,708
  • High Value: 296,921
  • Low Value: 224,495

    Market Valuation

  • Market Total Value: $191,981
  • Market Land Value: $46,762
  • Market Improvement Value: $145,219

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $63,968
  • Assessed Land Value: $15,581
  • Assessed Improvements Value: $48,387

    Sales

  • Current Sale Contract Date: Jan 26, 2022
  • Current Sale Recording Date: Oct 13, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 64
  • Current Sale Input Document Number: 35988
  • Previous Sale Recording Date: Sep 17, 2010
  • Previous Sale Contract Date: Sep 03, 2010
  • Previous Sale Amount: $112,500
  • 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 Southwest Elgin

Stats & Trends

Median Asking:

$299,000

Sale Price/ft²

$203

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1723 ft²

Average Home Age

60.6 years

Currently For Sale

15 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: Sharon Nolan, Executive Realty Group LLC
Data Source: MRED, MLS# MRD12183742
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 71 South Jackson Street built and last sold?
The property at 71 South Jackson Street was built in 1900 and last sold on Jan 26, 2022 for $139,500.
How much is this home worth?
The estimated value of the home located at 71 South Jackson Street is $335,450.
What are some comparable homes to 71 South Jackson Street?
There are currently no comparable homes to 71 South Jackson Street.
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