Owner
$309,624
922 N SPRING ST, ELGIN, IL
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
4
baths
1
sq. ft.
2,053
property type
Residential (General) (Single)
hoa
No
About
Residential
Living Area
Detached Garage
2 Stories
Unspecified Basement
Frame
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1940
Building Size
2,053 sq ft
Lot Size
6,970 sq ft
Lot Size (Acres)
0.16 acres
Distressed Property Status
In Pre-foreclosure
Property
Notice of Sale Filed
Property
Notice of Default Filed
Property
Scheduled for Auction
Property
Filing Date
Property
Property Location Details
Parcel Number (APN)
06-12-151-006
County
Kane County, IL
Metro Area
Chicago-Naperville-Elgin, IL-IN
Zoning
—
Neighborhood/Subdivision
LOVELLS GROVE ADDN
Lot Number
6
School District
School District U-46
Legal Description
LOVELLS GROVE ADDN LOT 6 BLOCK 13
Tax & Value Information
Market Value (Total)
$272,200
Building Value
$233,154
Land Value
$39,046
Annual Property Tax
—
Tax Assessment Year
2022
Assessed Value
$90,697
Last Assessment Year
2022
Original Primary Mortgage
Property
Primary Mortgage Type
Property
Original Secondary Mortgage
Property
Secondary Mortgage Type
Property
Current Mortgage Amount
Property
Current Mortgage Type
Property
Interest Rate
Property
Loan Term
Property
Lender Name
—
Last Sale Contract Date
7/23/2015
Recording Date
11/13/2015
Sales Document #
2015.61477
Primary Owner
Property
Co-Owner
Property
Previous Owner
Property
Previous Co-Owner
Property
Recent sales Comparables
Estimated Value:
$0
Average Price per Sq.Ft.: $0.00
Sales Comparables
Real Estate Investment Analysis
Evaluate this property as a fix & flip opportunity
Estimated Profit
$11,981
Return on Investment
15.60%
After Repair Value
$340,586
Basic Inputs
Financing
Down Payment
20%
Interest Rate
6.5%
Loan Term (Years)
30
Holding Period (months)
6
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Analysis Details
Purchase Price
$278,662
Renovation Cost
$15,481
Closing Costs (buying)
$5,573
Holding Costs
$8,454
Selling Costs
$20,435
Total Investment
$76,787
After Repair Value (ARV)
$340,586
Total Costs
$328,606
Estimated Profit
$11,981
Cash Invested
$71,214
Return on Investment
15.60%
Return on Cash Invested
16.82%
Nearby Schools
No Elementary School nearby
No Middle School nearby
No High School nearby
Properties owned by investors
Income Distributions
Ethnicity Distributions
Chart
Yearly Purchases
Connex Segmentation Clusters
Area Profile for Investors
Quiet Residential
Walkability
Poor
(0 POIs within 1mi)
Amenities Within 0.5mi
0
locations
Schools Within 1mi
0
schools
Area Class
A
class
Investor Insight
This is a quiet residential area with 0 amenities within 1 mile.
The area has limited nearby amenities.
Key features for tenant appeal:
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Key Amenities in the Area