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Elgin 60120 Northeast Elgin
742 Stewart Avenue
$231,250
● House - Off Market

742 Stewart Avenue

Elgin, IL 60120
bedrooms
2 Beds
bathrooms
1 Bath
square feet
640 Ft²
$199,256
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

This adorable home has 2 garages with a total of 3.5 car spaces! You can store all of your cars and toys! Relax in the Privacy of your fenced in back yard Oasis or cozy up in the back sun room reading your favorite book! The main home gives you open concept living. The floorplan welcomes you to the large living room, dining room and kitchen. Kitchen features breakfast bar, a custom backsplash and easy access to the back sun room.
Unit Size
640 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$313
Property Type
House
Property Taxes
$73
HOA Dues
-
Year Built
1923

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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.

Last updated: 3 years ago (MRED MLS #11830565)

Price History

Date / Event Date Event Price
Oct 2, 2023 Sold
Premium
Sold
Jul 14, 2023 Listed by Siwy Real Estate, Inc. $200,000
Listed by Siwy Real Estate, Inc.

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1923
  • Effective Year Built: 1923
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 28
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,900
  • Total Building Area: 640
  • Gross Building Area: 640
  • Building Area: 640
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 640
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TROUT PARK
  • Land Acres: 0000000158
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-02
  • Legal Description 1: (TROUT)(PARK) SUB PT OF SW SEC 06-41-09

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 804313

Geography

  • District: 18
  • Parcel: 06-06-102-010-0000
  • Block: 1
  • Lot: 16
  • Meridian: SEC 06 TWN 41N RNG 09E
  • Municipality: HANOVER
  • Latitude: 42.0631
  • Longitude: -88.2619

    Address

  • Full Address: 742 Stewart Ave
  • Address - House Number: 742
  • Address - Street Name: Stewart
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Elgin
  • Carrier Code: C007
  • 4-Digit Zip Code: 2386
  • Zip Code: 60120

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $323,934
  • Tax Rate Code Area: 18015

    Appraisal Valuation

  • Standard Deviation: 0.1011
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 90
  • Final Value: 194,265
  • High Value: 213,907
  • Low Value: 174,624

    Market Valuation

  • Market Total Value: $150,000
  • Market Land Value: $27,600
  • Market Improvement Value: $122,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $15,000
  • Assessed Land Value: $2,760
  • Assessed Improvements Value: $12,240

    Sales

  • Current Sale Contract Date: Aug 14, 2023
  • Current Sale Recording Date: Oct 06, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 4
  • Current Sale Input Document Number: 6436
  • Previous Sale Recording Date: Jun 01, 2022
  • Previous Sale Contract Date: May 18, 2022
  • Previous Sale Amount: $175,000
  • Previous Sale Document Type: 4
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:

$309,950

Sale Price/ft²

$201

Below Asking

0.01%

Average Days on Market

45

Average Home Size

1684 ft²

Average Home Age

60.6 years

Currently For Sale

18 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 113 Elm Street, Elgin, IL, 60123

$1,900 /mo

  • 2 Beds
  • 1 Bath
  • 858 ft²
113 Elm Street #B, Elgin, IL, 60123 Listing by Natalie Kofie
Unit for rent at 40 Dupage Court, Elgin, IL, 60120

$2,050 /mo

  • 2 Beds
  • 2 Baths
  • 969 ft²
40 Dupage Court #209, Elgin, IL, 60120 Listing by Andrew Stoll

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Annette Siwy, Siwy Real Estate, Inc.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11830565
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 742 Stewart Avenue built and last sold?
The property at 742 Stewart Avenue was built in 1923 and last sold on Aug 14, 2023 for $231,500.
How much is this home worth?
The estimated value of the home located at 742 Stewart Avenue is $0.
What are some comparable homes to 742 Stewart Avenue?
There are currently no comparable homes to 742 Stewart Avenue.
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