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Elgin 60120 Northeast Elgin
764 Parkway Avenue
$64,900
● House - Off Market

764 Parkway Avenue

Elgin, IL 60120
bedrooms
1 Bed
bathrooms
1 Bath
square feet
400 Ft²
$75,607
RealtyHop Estimate
8.16%
Since Feb 1, 2022
National-US
Primary Model

About This Property

This is an investor special - property sold AS-IS.  City violations responsibility of buyer after closing. Please verify room dimensions. Easy access to I90.  Broker has interest.
Unit Size
400 Ft²
Days on Market
-
Land Size
-
Price per sqft
$175
Property Type
House
Property Taxes
$151
HOA Dues
-
Year Built
1930

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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.

Last updated: 3 years ago (MRED MLS #11287411)

Price History

Date / Event Date Event Price
Jan 12, 2022 Sold
Premium
Sold
Dec 14, 2021 Listed by Tanis Group Realty $69,900
Listed by Tanis Group Realty

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 2
  • Bedroom Count: 1
  • 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: 7
  • Basement Area: 0
  • Garage Type: 11
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,900
  • Total Building Area: 400
  • Gross Building Area: 400
  • Building Area: 400
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 400
  • 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: 06-06-104-026-0000
  • Block: 3
  • Lot: 7
  • Meridian: SEC 06 TWN 41N RNG 09E
  • Municipality: HANOVER
  • Latitude: 42.0623
  • Longitude: -88.2609

    Address

  • Full Address: 764 Parkway Ave
  • Address - House Number: 764
  • Address - Street Name: Parkway
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Elgin
  • Carrier Code: C007
  • 4-Digit Zip Code: 2368
  • Zip Code: 60120

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $363,661
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 18015

    Appraisal Valuation

  • Standard Deviation: 0.2376
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 66
  • Final Value: 153,694
  • High Value: 190,221
  • Low Value: 117,166

    Market Valuation

  • Market Total Value: $130,000
  • Market Land Value: $27,600
  • Market Improvement Value: $102,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $13,000
  • Assessed Land Value: $2,760
  • Assessed Improvements Value: $10,240

    Sales

  • Current Sale Contract Date: Jan 11, 2022
  • Current Sale Recording Date: Feb 22, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2205347082
  • Previous Sale Recording Date: Sep 16, 2021
  • Previous Sale Contract Date: Aug 05, 2021
  • Previous Sale Amount: $16,000
  • 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 Northeast Elgin

Stats & Trends

Median Asking:

$305,000

Sale Price/ft²

$201

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1708 ft²

Average Home Age

60.5 years

Currently For Sale

16 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: Joseph Mueller, Tanis Group Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11287411
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 764 Parkway Avenue built and last sold?
The property at 764 Parkway Avenue was built in 1930 and last sold on Jan 11, 2022 for $65,000.
How much is this home worth?
The estimated value of the home located at 764 Parkway Avenue is $0.
What are some comparable homes to 764 Parkway Avenue?
There are currently no comparable homes to 764 Parkway Avenue.
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