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Elgin 60123 Eagle Heights
763 Diane Avenue
$300,000
● House - Off Market

763 Diane Avenue

Elgin, IL 60123
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,868 Ft²
$1,996
Est. Monthly
8.23%
Cap Rate

About This Property

Welcome to your Try-Level Home!!! Hardwood flooring.  Newer roof, windows, siding, furnace, central air, and water heater.   Beautiful fenced backyard.  close to Metro station and I-90 access from Randall Rd. Close to Advocate Sherman Hospital, schools, and shopping. Please provide the seller with time to purchase and close on his next home. Schedule your showing today!
Unit Size
1,868 Ft²
Days on Market
-
Land Size
-
Price per sqft
$166
Property Type
House
Property Taxes
$474
HOA Dues
-
Year Built
1961

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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 #11907209)

Price History

Date / Event Date Event Price
Jan 10, 2024 Sold
Premium
Sold
Oct 12, 2023 Listed by Netgar Investments, Inc $309,900
Listed by Netgar Investments, Inc

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,162
  • Lot Size Frontage Feet: 850
  • Total Building Area: 1,858
  • Gross Building Area: 1,858
  • Building Area: 1,858
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 1,858
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EAGLE HEIGHTS
  • Land Acres: 0000000233
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: ANDRESEN BROS EAGLE HEIGHTS UNIT 1 LOT 12 BLOCK 5

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 851909

Geography

  • Parcel: 06-10-304-001
  • Block: 5
  • Lot: 12
  • Municipality: ELGIN
  • Latitude: 42.0508
  • Longitude: -88.3171

    Address

  • Full Address: 763 Diane Ave
  • Legal Unit: 1-12
  • Address - House Number: 763
  • Address - Street Name: Diane
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Elgin
  • Carrier Code: C071
  • 4-Digit Zip Code: 2639
  • Zip Code: 60123

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $568,766
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.0882
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 92
  • Final Value: 305,228
  • High Value: 332,174
  • Low Value: 278,282

    Market Valuation

  • Market Total Value: $214,865
  • Market Land Value: $63,890
  • Market Improvement Value: $150,975

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $71,593
  • Assessed Land Value: $21,288
  • Assessed Improvements Value: $50,305

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 10, 2024
  • Current Sale Recording Date: Jan 11, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1252
  • Previous Sale Recording Date: Jul 10, 2014
  • Previous Sale Contract Date: Jun 30, 2014
  • Previous Sale Amount: $150,000
  • 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 Northwest Elgin

Stats & Trends

Median Asking:

$369,000

Sale Price/ft²

$200

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1659 ft²

Average Home Age

44.8 years

Currently For Sale

37 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 801 N Mclean Boulevard, Elgin, IL, 60123

$2,685 /mo

  • 1 Bed
  • 1 Bath
  • 750 ft²
801 N Mclean Boulevard #146, Elgin, IL, 60123 Listing by Ryan Widerberg

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Eddie Quintana-Garcia, Netgar Investments, Inc
Last Updated: 3 years ago
Data Source: MRED, MLS# 11907209
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 763 Diane Avenue built and last sold?
The property at 763 Diane Avenue was built in 1961 and last sold on Jan 10, 2024 for $300,000.
How much is this home worth?
The estimated value of the home located at 763 Diane Avenue is $0.
What are some comparable homes to 763 Diane Avenue?
There are currently no comparable homes to 763 Diane Avenue.
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