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$549,900

For Sale - Active
215 Wing Park Blvd, Elgin, IL 60123
4 Beds
6 Baths
4,236 Square Feet
0.00 Acres Lot
Built in 2000
For Sale - Active
Units n/a
Checked: 23 hours ago
Updated: Sep 01, 2025 at 06:30PM

Investment Summary


Monthly Cash Flow
-$1,132
Cap Rate
3.2%
Cash-on-Cash Return
-10.7%
Debt Coverage Ratio
0.56
Internal Rate of Return (5 years)
-6.4%

Property Description


0.00 Acres Lot
Built in 2000
For Sale - Active
Units n/a

*Previous Buyer got cold feet,at no fault of the seller - their loss is your gain!* Welcome to 215 Wing Park Blvd-a one-of-a-kind, true custom home set on a premium infill lot along one of Elgin's most beautiful, tree-lined boulevards. Nestled beneath mature oaks just steps from historic Wing Park and golf course, this architectural gem offers over 4,000 square feet of elegant, thoughtfully designed living space across three levels. This majestic residence features 4 spacious bedrooms, 4 full bathrooms, 2 half baths, and a walk-up finished basement. A dramatic entryway and soaring two-story living room set a tone of timeless sophistication the moment you step inside. Rich hardwood floors flow throughout, enhanced by vaulted, coffered, and tray ceilings and warm mission-style moldings. The show-stopping 900 lb custom iron front door is a fitting centerpiece for a home of this caliber. The gourmet kitchen is a chef's dream, outfitted with hickory cabinetry, premium appliances, and a large breakfast bar that opens to a cozy breakfast room. A formal dining room provides an elegant space for entertaining, while the first-floor den features a beamed ceiling, bay window, and fireplace for a more relaxed atmosphere. Custom bifold doors lead to a vaulted, heated four-seasons sunroom overlooking the private backyard-ideal for year-round enjoyment. The second-floor primary suite is a true retreat, complete with a private sitting room, his-and-hers separate full bathrooms, and two expansive walk-in closets. A loft overlooks the living room below, and two additional bedrooms share this level. On the third floor, a large bonus room offers flexible space for a guest suite, home office, or playroom. The finished walk-up basement includes a full bath and provides plenty of room for recreation or future customization. The heated 3.5-car dream garage includes its own half bath and ample storage. Additional features include zoned heating and cooling, radiant heated floors in both the garage and sunroom, and solar panels for energy efficiency. This home is packed with premium upgrades-too many to list-and reflects true quality craftsmanship at every turn. A rare find in Elgin, this home offers luxury, privacy, and character in a coveted location with easy access to parks, schools, and downtown. Don't miss the chance to make this custom estate your forever home.

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Location


Property Details


Parking

  • Description: Attached, Garage, Garage On-Site, Garage Door Opener(s), Transmitter(s)
  • Details: Asphalt, Garage Door Opener, On Site, Attached, Garage
  • Garage Spaces: 3
  • Spaces Total: 3

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 4
  • # of Baths (Partial): 2
  • # of Baths (Total): 6.0

Interior Features

  • # of Rooms: 13
  • # of Stories: 2
  • Attic: Yes
  • Basement: Yes
  • Basement Description: Sump Pump, Finished, Exterior Entry, Concrete, Walk-Up Access, Full
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof Material: Asphalt

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 0615277026
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Contemporary
  • Year Built: 2000

Tax Information

  • Annual Tax: $12,169

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas, Forced Air, Baseboard, Radiant, Zoned
  • Cooling: Ceiling Fan(s), Central Air, Zoned, Other

Location

  • County: Kane

Listing Details


Listed by:
Tracey Larsen
Coldwell Banker Realty
(847) 533-8708

Source:
Midwest Real Estate Data (MRED)
MLS#: 12444519
Midwest Real Estate Data (MRED)

Investment Summary


Monthly Cash Flow
-$1,132
Cap Rate
3.2%
Cash-on-Cash Return
-10.7%
Debt Coverage Ratio
0.56
Internal Rate of Return (5 years)
-6.4%

Purchase Details

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Purchase price:
$549,900
Amount financed:
-$439,920
Down payment:
$109,980
Closing costs:
$16,497
Rehab costs:
$0
Initial cash invested:
$126,477
Square feet:
4,236
Cost per square foot:
$130
Monthly rent per square foot:
$0.85

Financing Details

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Loan amount:
$439,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$2,602
Property tax:
$1,014
Insurance:
$252
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,868

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$3,600 $43,200
Vacancy loss: (6%)
6% -$216 -$2,592
Operating income:
$3,384 $40,608

Operating Expenses


% Rent Monthly Yearly
Property taxes: (28%)
28%-$1,014-$12,169
Insurance: (7%)
7%-$252-$3,024
Property management: (8%)
8%-$288-$3,456
Repairs & maintenance: (5%)
5%-$180-$2,160
Capital expenditures: (5%)
5%-$180-$2,160
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (53%)
53%-$1,914-$22,969

Cash Flow


Monthly Yearly
Net operating income:
$1,470 $17,640
Mortgage payments:
-$2,602 -$31,224
Cash flow:
$1,132 $13,584