907 N Avenue C
About This Property
Idyllic, historic home on a sprawling .4591 acre lot in the heart of downtown Elgin! This pristinely maintained home is just what you're looking for if you love a slower pace of life and being close to city parks and local businesses. Morris Memorial Park with a public pool, pond, play area and walking trail is right across the street!
Built in 1938, this home has retained its timeless charm with original built-ins and stunning wood floors throughout, while boasting recent updates for peace of mind and comfort.
Key Features:
Historic Appeal with Modern Updates: Enjoy the classic charm of a 1938 home with the peace of mind that comes with recent updates in 2023, including roof, HVAC, electrical, and plumbing.
Spacious Lot: Situated on a massive .4591-acre lot, this property offers ample space for expansion, making it an ideal investment for potential future development. The lot could easily accommodate multiple houses, perfect for investors or those seeking multi-family living options.
Flexible Layout: The third bedroom offers versatility, ideal for use as a home office, workout room, or creative space. There is also an attached workshop, carport and detached shed.
Walkable Location: Just a short stroll from Elgin's charming downtown area and Main Street, you'll have easy access to local shops, restaurants, and community events.
Original Charm: The home's original built-ins and hardwood floors provide an authentic, welcoming atmosphere that adds to its historic character.
This home is perfect for buyers seeking a charming residence with plenty of potential for future growth or those looking to invest in a growing area with a touch of nostalgia. 30 minutes to downtown Austin, 20 minutes to Bastrop. Get here quick as homes in this established neighborhood don't come up for sale often and are highly sought after!
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 24, 2025 | In contract | - | |
| In contract | |||
| Jun 18, 2025 | Listed by Love Street Realty, LLC | $350,000 | |
| Listed by Love Street Realty, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017