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Elgin 60123 Southwest Elgin
882 South Street
$265,000
● House - Off Market

882 South Street

Elgin, IL 60123
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,350 Ft²
$249,318
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

Multiple Offers received! Best and Final offers due by 5pm on Thursday 5/25/2023*****Darling 3bed 1.5 bath Cape Cod conveniently located near everything! Hardwood floors throughout. Kitchen with an eat-in area, formal dining room, cozy up to the fireplace in the living room, or host game night in the family room where the second fireplace is located-the possibilities are endless! Catch up with friends or relax while reading a great book in the screened in porch. This home is move-in ready! Don't miss this incredible opportunity!
Unit Size
1,350 Ft²
Days on Market
-
Land Size
-
Price per sqft
$185
Property Type
House
Property Taxes
$483
HOA Dues
-
Year Built
1963

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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 #11783219)

Price History

Date / Event Date Event Price
Jul 7, 2023 Sold
Premium
Sold
May 22, 2023 Listed by Berkshire Hathaway HomeServices Starck Real Estate $250,000
Listed by Berkshire Hathaway HomeServices Starck Real Estate

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 500
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 900
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,920
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 660
  • Total Building Area: 2,250
  • Gross Building Area: 2,250
  • Building Area: 1,350
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 1,350
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COUNTY CLERKS SUB
  • Land Acres: 0000000182
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: COUNTY CLERKS SUB LOT B BLOCK 11

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 854900

Geography

  • Parcel: 06-23-101-019
  • Block: 11
  • Lot: B
  • Municipality: ELGIN
  • Latitude: 42.0282
  • Longitude: -88.3016

    Address

  • Full Address: 882 South St
  • Address - House Number: 882
  • Address - Street Name: South
  • Address - Suffix Type: St
  • State: IL
  • City Name: Elgin
  • Carrier Code: C039
  • 4-Digit Zip Code: 7332
  • Zip Code: 60123

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $579,718
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.1639
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 79
  • Final Value: 266,282
  • High Value: 309,944
  • Low Value: 222,621

    Market Valuation

  • Market Total Value: $218,655
  • Market Land Value: $43,142
  • Market Improvement Value: $175,513

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $72,856
  • Assessed Land Value: $14,375
  • Assessed Improvements Value: $58,481

    Sales

  • Current Sale Contract Date: Jun 23, 2023
  • Current Sale Recording Date: Jul 17, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 23804
  • Previous Sale Recording Date: Apr 25, 2018
  • Previous Sale Contract Date: Apr 17, 2018
  • Previous Sale Amount: $181,000
  • 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 Southwest Elgin

Stats & Trends

Median Asking:

$299,000

Sale Price/ft²

$203

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1679 ft²

Average Home Age

61.7 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 371 Fulton Street, IL, 60120

$2,750 /mo

  • 3 Beds
  • 1 Bath
  • 1,600 ft²
371 Fulton Street #2, IL, 60120 Listing by Joseph Trifilio
Unit for rent at 30 S Commonwealth Avenue, Elgin, IL, 60123

$2,650 /mo

  • 3 Beds
  • 2 Baths
  • 1,088 ft²
30 S Commonwealth Avenue, Elgin, IL, 60123 Listing by Sharon Jasso

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Veronica Patino-Morales, Berkshire Hathaway HomeServices Starck Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11783219
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 882 South Street built and last sold?
The property at 882 South Street was built in 1963 and last sold on Jun 23, 2023 for $265,000.
How much is this home worth?
The estimated value of the home located at 882 South Street is $253,895.
What are some comparable homes to 882 South Street?
There are currently no comparable homes to 882 South Street.
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