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Elgin 60120 Lords Park
819 Forest Avenue
$325,000
● House - Off Market

819 Forest Avenue

Elgin, IL 60120
bedrooms
5 Beds
bathrooms
3 Baths
square feet
2,200 Ft²
$2,378
Est. Monthly
10.75%
Cap Rate

About This Property

Sprawling 5 bedroom (2 down)/3 bathroom, all brick ranch home with great location on over a half acre lot (122 by 200') with attached oversized 2 car garage.  Lower level has 2 bedrooms with full bathroom and kitchen plus amazing walk out to large back yard.  Great set up for large or extended families. Home is on public water and sewer.  Lovely lot in a beautiful & serene neighborhood. Property has 2 PINS
Unit Size
2,200 Ft²
Days on Market
-
Land Size
-
Price per sqft
$159
Property Type
House
Property Taxes
$659
HOA Dues
-
Year Built
1955

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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 #11933440)

Price History

Date / Event Date Event Price
Dec 28, 2023 Sold
Premium
Sold
Nov 17, 2023 Listed by @properties Christie's International Real Estate $350,000
Listed by @properties Christie's International Real Estate

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 11
  • Exterior Walls Type: 24
  • 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: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,068
  • Total Building Area: 2,209
  • Gross Building Area: 2,209
  • Building Area: 2,209
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 2,209
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OAKWOOD PARK
  • Land Acres: 0000000300
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-04

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 804404

Geography

  • District: 18
  • Parcel: 06-18-106-005-0000
  • Block: 6
  • Lot: 7
  • Meridian: SEC 18 TWN 41N RNG 9E
  • Municipality: HANOVER
  • Latitude: 42.0385
  • Longitude: -88.2598

    Address

  • Full Address: 819 Forest Ave
  • Address - House Number: 819
  • Address - Street Name: Forest
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Elgin
  • Carrier Code: C031
  • 4-Digit Zip Code: 4512
  • Zip Code: 60120

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $395,264
  • Tax Rate Code Area: 18015

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 290,139
  • High Value: 356,389
  • Low Value: 223,888

    Market Valuation

  • Market Total Value: $158,410
  • Market Land Value: $78,410
  • Market Improvement Value: $80,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $15,841
  • Assessed Land Value: $7,841
  • Assessed Improvements Value: $8,000

    Sales

  • Current Sale Contract Date: Dec 27, 2023
  • Current Sale Recording Date: Jan 10, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 13253
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 Southeast Elgin

Stats & Trends

Median Asking:

$310,000

Sale Price/ft²

$212

Below Asking

0.01%

Average Days on Market

45

Average Home Size

1472 ft²

Average Home Age

50.1 years

Currently For Sale

24 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 1615 Maureen Drive, Hoffman Estates, IL, 60192

$4,000 /mo

  • 4 Beds
  • 2 Baths
  • 2,647 ft²
1615 Maureen Drive, Hoffman Estates, IL, 60192 Listing by Mungunzul Tumurbaatar

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Mary Shanley Aloisio, @properties Christie's International Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11933440
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 819 Forest Avenue built and last sold?
The property at 819 Forest Avenue was built in 1955 and last sold on Dec 27, 2023 for $325,000.
How much is this home worth?
The estimated value of the home located at 819 Forest Avenue is $353,500.
What are some comparable homes to 819 Forest Avenue?
There are currently no comparable homes to 819 Forest Avenue.
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