$62,750
●
House -
Off Market
75 Willard Avenue #8
Elgin, IL 60120
Studio
1 Bath
478 Ft²
$537
Est. Monthly
$150
HOA / Fees
24.39%
Cap Rate
About This Property
wonderful first floor studio unit blocks from Lord Park! Unit was
updated and in move in condition however can be rented for income
generating investment. Assessments include heat and water and
has parking space in back. Agents please see agent remarks
for all offer submissions. Seller will not respond before 7/24/2024
Seller has received multiple offers and has requested highest and
best due by 01/30/2025 by 11:59PM MST.
Unit Size
478 Ft²
Days on Market
-
Land Size
-
Price per sqft
$131
Property Type
House
Property Taxes
$80
HOA Dues
$150
Year Built
-
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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: 2 years ago (MRED MLS #12110215)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 27, 2025 | Sold | ||
| Sold | |||
| Feb 13, 2025 | In contract | - | |
| In contract | |||
| Jan 22, 2025 | Price Decreased |
$62,500
↓ $7K
(10.6%) | |
| Price Decreased | |||
| Dec 21, 2024 | Price Decreased |
$69,900
↓ $8K
(10.7%) | |
| Price Decreased | |||
| Dec 17, 2024 | Relisted | $78,300 | |
| Relisted | |||
Show More
Property Highlights
Parking Available
Parking Details
Total Number of Parking: 1
Parking Features: Parking Lot
Interior Details
Bathrooms: 1
Full Bathrooms: 1
Rooms: 2
Basement: None
Basement Description: None
Exterior Details
Ownership: Condo
Exterior Building Type: Brick
Age: 61-70 Years
Rebuilt(Y/N): No
Parcel Number: 06183000861008
Property Type: Residential
Year Built: 1960
No Disability Access
Special Conditions: REO/Lender Owned
Lot Size Dimensions: COMMON
Water Source: Public
Financial Details
Tax Year: 2022
Tax Annual Amount: $955
Utilities Details
Cooling: Wall Unit(s)
Heating: Electric
Sewer : Public Sewer
Location Details
Township: Hanover
Corporate Limits: Elgin
Directions: 25 S 2 Chgo St L to Bode L to corner of bode/Willard
County or Parish: Cook
Elementary School District: 46
Middle Or Junior School District: 46
High School District: 46
Other Details
Association Fee Includes: Heat, Water
Association Fee: $150
Association Fee Freq: Monthly
Holds Earnest Money: Yes
Possession: Closing
Some Photos Virtually Staged (Y/N): No
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/26/2026
|
Studio
|
1 Bath
|
600 ft²
|
$79,900
Studio
1 Bath
600 ft²
|
$75,000
-6.13%
04/20/2026
|
Andrew Stoll, ABR,e-PRO,SRS
Stoll Real Estate
| |
|
07/12/2024
|
Studio
|
1 Bath
|
478 ft²
|
$109,200
Studio
1 Bath
478 ft²
|
$62,750
-42.54%
02/27/2025
|
Todd Gilson
Re/Max Premier
| |
|
07/01/2021
|
Studio
|
1 Bath
|
600 ft²
|
$65,000
Studio
1 Bath
600 ft²
|
-
-
|
Christopher Davis
Inspire Realty Group LLC
| |
|
06/02/2021
|
Studio
|
1 Bath
|
600 ft²
|
$59,900
Studio
1 Bath
600 ft²
|
$60,000
+0.17%
10/20/2021
|
Kelsey O'Brien
Buy It Inc
| |
|
12/31/2019
|
Studio
|
1 Bath
|
400 ft²
|
$50,900
Studio
1 Bath
400 ft²
|
-
-
|
-
|
Building Info
About Southeast Elgin
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Listed by: John Monino, Re/Max Premier
Last Updated: 2 years ago
Data Source: MRED, MLS# 12110215
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.
Last Updated: 2 years ago
Data Source: MRED, MLS# 12110215
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