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Elgin 60120 Northeast Elgin
833 Prospect Street
$185,000
● House - Off Market

833 Prospect Street

Elgin, IL 60120
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,783 Ft²
$1,442
Est. Monthly
17.71%
Cap Rate

About This Property

ALL SHOWINGS WILL START A T 9:00 AM on October 26th!!! No exceptions!!!!  This listing has some challenges most of which are updating and decorating! Great property for the person/family who desire a project involving sweat equity.  This can be your project!  Also a great home for someone who wants to flip a property and make some money doing it.  Main floor MBR and bath nearby!  3 bedrooms upstairs and additional bath in basement.  Nice eat-in kitchen with built-in cabinets; all appliances stay including the 2nd refrigerator in the basement; Detached two car garage with separate doors and separate EDO's; super deep lot   with many bushes and trees that could be cleaned out for many uses for the family or even extended family!  See this one soon!!!!
Unit Size
1,783 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$112
Property Type
House
Property Taxes
$464
HOA Dues
-
Year Built
1908

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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 #11913113)

Price History

Date / Event Date Event Price
Dec 29, 2023 Sold
Premium
Sold
Oct 21, 2023 Listed by RE/MAX Horizon $198,900
Listed by RE/MAX Horizon

Property Highlights

Building Info

Overview

    General

  • Year Built: 1908
  • Effective Year Built: 1908
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • 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: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 753
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,435
  • Lot Size Depth Feet: 1,730
  • Lot Size Frontage Feet: 660
  • Total Building Area: 2,536
  • Gross Building Area: 2,536
  • Building Area: 1,783
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,783
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CONGDONS ADDN
  • Land Acres: 0000000263
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: CONGDONS ADDN LOT 19 BLOCK 1

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 850800

Geography

  • Parcel: 06-12-158-005
  • Block: 1
  • Lot: 19
  • Municipality: ELGIN
  • Latitude: 42.0524
  • Longitude: -88.2794

    Address

  • Full Address: 833 Prospect St
  • Address - House Number: 833
  • Address - Street Name: Prospect
  • Address - Suffix Type: St
  • State: IL
  • City Name: Elgin
  • Carrier Code: C004
  • 4-Digit Zip Code: 2919
  • Zip Code: 60120

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $557,338
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.0882
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 92
  • Final Value: 196,774
  • High Value: 214,145
  • Low Value: 179,402

    Market Valuation

  • Market Total Value: $225,915
  • Market Land Value: $49,151
  • Market Improvement Value: $176,765

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $75,275
  • Assessed Land Value: $16,377
  • Assessed Improvements Value: $58,898

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 07, 2023
  • Current Sale Recording Date: Jan 31, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3283
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:

$307,450

Sale Price/ft²

$202

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1475 ft²

Average Home Age

56.6 years

Currently For Sale

18 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 920 Fairfax Court, Elgin, IL, 60120

$3,500 /mo

  • 4 Beds
  • 2 Baths
  • 1,980 ft²
920 Fairfax Court, Elgin, IL, 60120 Listing by Matthew Lysien

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Richard Grieger, RE/MAX Horizon
Last Updated: 3 years ago
Data Source: MRED, MLS# 11913113
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 833 Prospect Boulevard built and last sold?
The property at 833 Prospect Boulevard was built in 1908 and last sold on Dec 7, 2023 for $185,000.
How much is this home worth?
The estimated value of the home located at 833 Prospect Boulevard is $206,461.
What are some comparable homes to 833 Prospect Boulevard?
There are currently no comparable homes to 833 Prospect Boulevard.
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