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Elgin 60123 Eagle Heights
986 Marlene Avenue
$255,000
● House - Off Market

986 Marlene Avenue

Elgin, IL 60123
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,602 Ft²
$281,135
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

ORIGINAL OWNER'S 4 BR RANCH on 100' wide lot has enormous potential! Bring your decorating ideas and complete the transformation. Recent updates include: newer cooktop & built-in oven, quality Marvin windows, newer Carrier furnace & State Pro Line H20 heater, wonderful enclosed vaulted porch w/newer windows all around! Convenient 1st floor Laundry too!
Unit Size
1,602 Ft²
Days on Market
-
Land Size
-
Price per sqft
$165
Property Type
House
Property Taxes
$468
HOA Dues
-
Year Built
1968

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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 #11662238)

Price History

Date / Event Date Event Price
Dec 8, 2022 Sold
Premium
Sold
Oct 28, 2022 Listed by RE/MAX Horizon $265,000
Listed by RE/MAX Horizon

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • 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: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,602
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,000
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 3,204
  • Gross Building Area: 3,204
  • Building Area: 1,602
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 1,602
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EAGLE HEIGHTS
  • Land Acres: 0000000298
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: ANDRESEN BROS EAGLE HEIGHTS UNIT 6 NORTH 100 FT LOT 2 BLOCK 17

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 851910

Geography

  • Parcel: 06-09-228-011
  • Block: 17
  • Lot: 2
  • Municipality: ELGIN
  • Latitude: 42.0566
  • Longitude: -88.3245

    Address

  • Full Address: 986 Marlene Ave
  • Legal Unit: 6
  • Address - House Number: 986
  • Address - Street Name: Marlene
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Elgin
  • Carrier Code: C071
  • 4-Digit Zip Code: 1929
  • Zip Code: 60123

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $590,132
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.1389
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 83
  • Final Value: 312,637
  • High Value: 356,063
  • Low Value: 269,210

    Market Valuation

  • Market Total Value: $237,266
  • Market Land Value: $64,601
  • Market Improvement Value: $172,665

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $79,057
  • Assessed Land Value: $21,525
  • Assessed Improvements Value: $57,532

    Sales

  • Current Sale Contract Date: Nov 30, 2022
  • Current Sale Recording Date: Dec 13, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 58568
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:

$365,000

Sale Price/ft²

$201

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1636 ft²

Average Home Age

43.3 years

Currently For Sale

39 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: Brian Knott, RE/MAX Horizon
Last Updated: 3 years ago
Data Source: MRED, MLS# 11662238
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 986 Marlene Avenue built and last sold?
The property at 986 Marlene Avenue was built in 1968 and last sold on Nov 30, 2022 for $255,000.
How much is this home worth?
The estimated value of the home located at 986 Marlene Avenue is $0.
What are some comparable homes to 986 Marlene Avenue?
There are currently no comparable homes to 986 Marlene Avenue.
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