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Elgin 60120 Northeast Elgin
778 Stewart Avenue
$219,500
● House - Off Market

778 Stewart Avenue

Elgin, IL 60120
bedrooms
1 Bed
bathrooms
1 Bath
square feet
722 Ft²
$1,333
Est. Monthly
9.67%
Cap Rate

About This Property

This charming home was completely remodeled down to the studs in 2017. An addition was added at that time expanding the kitchen, bedroom and bathroom. Features include All new windows, siding and roof, asphalt driveway and large 2 car garage. Luxury Vinyl Plank and Ceramic floors, full appliance kitchen. Large back yard is perfect for outdoor gatherings. Ideally located to shopping transportation and Trout Park.
Unit Size
722 Ft²
Days on Market
-
Land Size
-
Price per sqft
$284
Property Type
House
Property Taxes
$326
HOA Dues
-
Year Built
1924

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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 #12039068)

Price History

Date / Event Date Event Price
May 23, 2024 Sold
Premium
Sold
Apr 27, 2024 Listed by Coldwell Banker Gladstone $204,900
Listed by Coldwell Banker Gladstone

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1924
  • Effective Year Built: 1924
  • Building Count: 1
  • Total Rooms: 3
  • Bedroom Count: 1
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,726
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 500
  • Total Building Area: 572
  • Gross Building Area: 572
  • Building Area: 572
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 572
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TROUT PARK
  • Land Acres: 0000000177
  • 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: 06-06-102-039-0000
  • Block: 1
  • Lot: 24,25
  • Meridian: SEC 06 TWN 41N RNG 09E
  • Municipality: HANOVER
  • Latitude: 42.0631
  • Longitude: -88.2604

    Address

  • Full Address: 778 Stewart Ave
  • Address - House Number: 778
  • 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: $391,609
  • Tax Rate Code Area: 18015

    Appraisal Valuation

  • Standard Deviation: 0.2376
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 66
  • Final Value: 183,760
  • High Value: 227,433
  • Low Value: 140,087

    Market Valuation

  • Market Total Value: $140,000
  • Market Land Value: $30,900
  • Market Improvement Value: $109,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $14,000
  • Assessed Land Value: $3,090
  • Assessed Improvements Value: $10,910

    Sales

  • Current Sale Contract Date: Nov 30, 2022
  • Current Sale Recording Date: Dec 06, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 41266
  • Previous Sale Recording Date: Nov 22, 2016
  • Previous Sale Contract Date: Oct 28, 2016
  • Previous Sale Amount: $55,000
  • Previous Sale Document Type: 68
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:

$302,500

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: Heidi Bolger, Coldwell Banker Gladstone
Last Updated: 3 years ago
Data Source: MRED, MLS# 12039068
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 778 Stewart Avenue built and last sold?
The property at 778 Stewart Avenue was built in 1924 and last sold on Nov 30, 2022 for $125,000.
How much is this home worth?
The estimated value of the home located at 778 Stewart Avenue is $0.
What are some comparable homes to 778 Stewart Avenue?
There are currently no comparable homes to 778 Stewart Avenue.
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