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Elgin 60123 Northwest Elgin
915 N Mclean Boulevard
$174,800
● House - Off Market

915 N Mclean Boulevard

Elgin, IL 60123
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,134 Ft²
$176,831
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

Attention all investors, excellent opportunity to own this ranch style single family home which offers 3 bedrooms with a full basement and a nice deep lot.  This property requires extensive repairs and has suffered water damage to the basement with discoloration so agents please make sure you and your clients understand this is an as is sale and use caution as you enter. See agent remarks below for all offer submission instructions. Caution / MOLD disclosure must be signed with all offers and found in documents.  Seller will not respond before 2/20/2023
Unit Size
1,134 Ft²
Days on Market
-
Land Size
-
Price per sqft
$151
Property Type
House
Property Taxes
$352
HOA Dues
-
Year Built
1965

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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 #11715297)

Price History

Date / Event Date Event Price
Mar 17, 2023 Sold
Premium
Sold
Feb 7, 2023 Listed by Re/Max Premier $171,600
Listed by Re/Max Premier

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • 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: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,134
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,266
  • Lot Size Depth Feet: 1,310
  • Lot Size Frontage Feet: 860
  • Total Building Area: 2,268
  • Gross Building Area: 2,268
  • Building Area: 1,134
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 1,134
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COUNTRY AIRE SUB
  • Land Acres: 0000000259
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: COUNTRY AIRE SUB UNIT 2 LOT 6

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 851000

Geography

  • Parcel: 06-10-177-003
  • Lot: 6
  • Municipality: ELGIN
  • Latitude: 42.0541
  • Longitude: -88.3151

    Address

  • Full Address: 915 N Mclean Blvd
  • Legal Unit: 2
  • Address - House Number: 915
  • Street Direction: N
  • Address - Street Name: Mclean
  • Address - Suffix Type: Blvd
  • State: IL
  • City Name: Elgin
  • Carrier Code: C070
  • 4-Digit Zip Code: 2036
  • Zip Code: 60123

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $443,234
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.1389
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 83
  • Final Value: 244,832
  • High Value: 278,840
  • Low Value: 210,824

    Market Valuation

  • Market Total Value: $171,417
  • Market Land Value: $48,067
  • Market Improvement Value: $123,349

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $57,116
  • Assessed Land Value: $16,016
  • Assessed Improvements Value: $41,100

    Sales

  • Current Sale Contract Date: Mar 08, 2023
  • Current Sale Recording Date: Mar 22, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 8705
  • Previous Sale Recording Date: Jun 08, 2004
  • Previous Sale Contract Date: Apr 30, 2004
  • Previous Sale Amount: $174,500
  • 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 Northwest Elgin

Stats & Trends

Median Asking:

$365,245

Sale Price/ft²

$201

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1620 ft²

Average Home Age

44.4 years

Currently For Sale

40 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 801 N Mclean Boulevard, Elgin, IL, 60123

$2,685 /mo

  • 1 Bed
  • 1 Bath
  • 750 ft²
801 N Mclean Boulevard #146, Elgin, IL, 60123 Listing by Ryan Widerberg
Unit for rent at 141 Kathleen Drive, Elgin, IL, 60123

$2,500 /mo

  • 3 Beds
  • 1 Bath
141 Kathleen Drive, Elgin, IL, 60123 Listing by Shakir Siddique

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: John Monino, Re/Max Premier
Last Updated: 3 years ago
Data Source: MRED, MLS# 11715297
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 915 North McLean Boulevard built and last sold?
The property at 915 North McLean Boulevard was built in 1965 and last sold on Mar 8, 2023 for $175,000.
How much is this home worth?
The estimated value of the home located at 915 North McLean Boulevard is $0.
What are some comparable homes to 915 North McLean Boulevard?
There are currently no comparable homes to 915 North McLean Boulevard.
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