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Elgin 60120 Northeast Elgin
894 Stewart Avenue
$187,400
● House - Off Market

894 Stewart Avenue

ELGIN, IL 60120
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,140 Ft²
$293,797
RealtyHop Estimate
60.54%
Since Jul 1, 2017
National-US
Primary Model

About This Property

Roomy ranch home on large corner lot in nice quiet neighborhood! Fenced backyard, patio, storage shed, 2-car garage and mature landscaping. Inviting living room with hardwood flooring and front yard views. Eat-in kitchen provides backyard views and door to finished basement. There's even a den with ceiling fan and door to the patio. Bedroom sizes are generous and the master offers a private half bath. Tons of space in the finished basement with rec room, bar area, 5th bedroom, laundry and full bath. Updates include newer central air & roof, newer windows, updated bath & new refrigerator. Sellers are also offering a HOME WARRANTY! Don't pass up this adorable home close to parks, schools, shopping and major highway access.
Unit Size
1,140 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$161
Property Type
House
Property Taxes
$349
HOA Dues
-
Year Built
1961

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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 #09615945)

Price History

Date / Event Date Event Price
Jun 9, 2017 Sold
Premium
Sold
May 4, 2017 Listed by RE/MAX All Pro $183,000
Listed by RE/MAX All Pro

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • 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: 9,051
  • Total Building Area: 1,137
  • Gross Building Area: 1,137
  • Building Area: 1,137
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,137
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BLACKHAWK MANOR/4TH ADD
  • Land Acres: 0000000208
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 804313

Geography

  • District: 18
  • Parcel: 06-06-116-029-0000
  • Lot: 8
  • Meridian: SEC 06 TWN 41N RNG 9E
  • Municipality: HANOVER
  • Latitude: 42.0632
  • Longitude: -88.2567

    Address

  • Full Address: 894 Stewart Ave
  • Address - House Number: 894
  • Address - Street Name: Stewart
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Elgin
  • Carrier Code: C007
  • 4-Digit Zip Code: 5064
  • Zip Code: 60120

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $547,691
  • Tax Rate Code Area: 18015

    Appraisal Valuation

  • Standard Deviation: 0.2478
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 65
  • Final Value: 299,458
  • High Value: 373,680
  • Low Value: 225,236

    Market Valuation

  • Market Total Value: $230,000
  • Market Land Value: $58,830
  • Market Improvement Value: $171,170

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $23,000
  • Assessed Land Value: $5,883
  • Assessed Improvements Value: $17,117

    Sales

  • Current Sale Contract Date: Jun 08, 2017
  • Current Sale Recording Date: Jun 12, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1716306169
  • Previous Sale Recording Date: Jul 19, 2001
  • Previous Sale Contract Date: Jun 28, 2001
  • Previous Sale Amount: $154,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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:

$310,000

Sale Price/ft²

$200

Below Asking

0.01%

Average Days on Market

45

Average Home Size

1684 ft²

Average Home Age

60.6 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

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MRED

Listed by: , RE/MAX All Pro
Last Updated: 3 years ago
Data Source: MRED, MLS# 09615945
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 894 Stewart Avenue built and last sold?
The property at 894 Stewart Avenue was built in 1961 and last sold on Jun 8, 2017 for $187,500.
How much is this home worth?
The estimated value of the home located at 894 Stewart Avenue is $185,694.
What are some comparable homes to 894 Stewart Avenue?
There are currently no comparable homes to 894 Stewart Avenue.
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