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Elmhurst 60126
755 S Spring Road
$410,000
● House - Off Market

755 S Spring Road

Elmhurst, IL 60126
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,284 Ft²
$2,525
Est. Monthly
5.82%
Cap Rate

About This Property

GREAT OPPORTUNITY =NO OPEN HOUSES=LINCOLN SCHOOL. CLOSE TO SHOPS, PARKS, RESTAURANTS,ILLINOIS PRAIRIE PATH.   HOME OFFERS 3 BEDS, 2 BATHS, 1 OVERSIZED GARAGE AND A FABULOUS YARD. New HVAC, including UV air purifier 2022  New roof 2022  New siding 2022  Upgraded electrical panel 2023  Updated kitchen cabinets 2020  EV charger in garage 2023  All new SS appliances (which are staying) in 2021  Home being conveyed AS-IS
Unit Size
1,284 Ft²
Days on Market
-
Land Size
-
Price per sqft
$311
Property Type
House
Property Taxes
$565
HOA Dues
-
Year Built
1950

Payment Calculator

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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 #12064015)

Price History

Date / Event Date Event Price
Jun 25, 2024 Sold
Premium
Sold
May 23, 2024 Listed by Coyte Advantage Realty $399,000
Listed by Coyte Advantage Realty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 28
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 860
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,534
  • Lot Size Depth Feet: 136
  • Lot Size Frontage Feet: 50
  • Total Building Area: 2,144
  • Gross Building Area: 2,144
  • Building Area: 1,284
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,284
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: STONES 2ND SPRING RD ADD
  • Land Acres: 0000000150
  • Standard Land Use Code: 1001
  • County Land Use Code: R
  • Legal Description 1: STONES 2ND SPRING RD ADD

Neighborhood

  • School District Name: Elmhurst School District 205
  • School Tax School District: DISTRICT 205
  • Census Tract: 844100

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 3027-D5
  • Parcel: 06-11-422-008
  • Block: 5
  • Lot: 17
  • Municipality: YORK
  • Latitude: 41.8767
  • Longitude: -87.9492

    Address

  • Full Address: 755 S Spring Rd
  • Address - House Number: 755
  • Street Direction: S
  • Address - Street Name: Spring
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Elmhurst
  • Carrier Code: C023
  • 4-Digit Zip Code: 4746
  • Zip Code: 60126

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $678,298
  • Tax Rate Code Area: 6046

    Appraisal Valuation

  • Standard Deviation: 0.1737
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 77
  • Final Value: 420,444
  • High Value: 493,498
  • Low Value: 347,390

    Market Valuation

  • Market Total Value: $353,580
  • Market Land Value: $166,260
  • Market Improvement Value: $187,320

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $117,860
  • Assessed Land Value: $55,420
  • Assessed Improvements Value: $62,440

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 03, 2001
  • Current Sale Recording Date: Jul 11, 2001
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2001-140593
  • Previous Sale Recording Date: Aug 05, 1997
  • Previous Sale Contract Date: Jul 31, 1997
  • Previous Sale Amount: $141,000
  • 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 Elmhurst

Stats & Trends

Median Asking:

$649,900

Sale Price/ft²

$368

Below Asking

0.01%

Average Days on Market

40

Average Home Size

2774 ft²

Average Home Age

42.1 years

Currently For Sale

83 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 103 E 1st Street, Elmhurst, IL, 60126

$2,450 /mo

  • 3 Beds
  • 1 Bath
  • 1,600 ft²
103 E 1st Street #2N, Elmhurst, IL, 60126 Listing by Larry Reedy
Unit for rent at 211 N Larch Avenue, Elmhurst, IL, 60126

$2,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,200 ft²
211 N Larch Avenue, Elmhurst, IL, 60126 Listing by Tricia Hart

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Jennifer Coyte, Coyte Advantage Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 12064015
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 755 Spring Road built and last sold?
The property at 755 Spring Road was built in 1950 and last sold on Jul 3, 2001 for $213,500.
How much is this home worth?
The estimated value of the home located at 755 Spring Road is $406,369.
What are some comparable homes to 755 Spring Road?
There are currently no comparable homes to 755 Spring Road.
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