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$265,500

For Sale - Active
484 Hickory Pl, Elgin, IL 60120
3 Beds
2 Baths
2,136 Square Feet
0.00 Acres Lot
Built in 1890
For Sale - Active
Units n/a
Checked: 2 hours ago
Updated: Jun 25, 2025 at 03:25AM

Investment Summary


Monthly Cash Flow
-$200
Cap Rate
4.8%
Cash-on-Cash Return
-3.9%
Debt Coverage Ratio
0.84
Internal Rate of Return (5 years)
0.2%

Property Description


0.00 Acres Lot
Built in 1890
For Sale - Active
Units n/a

Welcome to this beautifully kept 3-bedroom, 2-bathroom home, perfectly nestled on a peaceful, low-traffic street. From the moment you step inside, you'll appreciate the updated look, offering newer flooring, and an inviting open layout that seamlessly blends comfort and style. The heart of the home features a modern kitchen equipped with sleek stainless steel appliances, ideal for everyday living and entertaining alike. Enjoy meals in the elegant formal dining room, perfect for hosting family and friends. The oversized yard offers plenty of space for outdoor activities, gardening, or simply relaxing in your own private oasis. Come and make it your own!

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Location


Property Details


Parking

  • Description: Detached, Garage, Space/s, Garage On-Site, Parking On-Site
  • Details: On Site, Detached, Garage
  • Garage Spaces: 1
  • Spaces Total: 1

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 6
  • # of Stories: 2
  • Attic: Yes
  • Basement: Yes
  • Basement Description: Unfinished, Partial

Exterior Features

  • Roof Material: Asphalt

Land Information

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

Lot Information

  • Parcel ID: 0612460015
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1890

Tax Information

  • Annual Tax: $3,884

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas
  • Cooling: Central Air

Location

  • County: Kane

Listing Details


Listed by:
Ana Morado
HomeSmart Connect LLC
(847) 666-8010

Source:
Midwest Real Estate Data (MRED)
MLS#: 12398814
Midwest Real Estate Data (MRED)

Investment Summary


Monthly Cash Flow
-$200
Cap Rate
4.8%
Cash-on-Cash Return
-3.9%
Debt Coverage Ratio
0.84
Internal Rate of Return (5 years)
0.2%

Purchase Details

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Purchase price:
$265,500
Amount financed:
-$212,400
Down payment:
$53,100
Closing costs:
$7,965
Rehab costs:
$0
Initial cash invested:
$61,065
Square feet:
2,136
Cost per square foot:
$124
Monthly rent per square foot:
$0.94

Financing Details

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Loan amount:
$212,400
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,256
Property tax:
$324
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,720

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,000 $24,000
Vacancy loss: (6%)
6% -$120 -$1,440
Operating income:
$1,880 $22,560

Operating Expenses


% Rent Monthly Yearly
Property taxes: (16%)
16%-$324-$3,884
Insurance: (7%)
7%-$140-$1,680
Property management: (8%)
8%-$160-$1,920
Repairs & maintenance: (5%)
5%-$100-$1,200
Capital expenditures: (5%)
5%-$100-$1,200
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (41%)
41%-$824-$9,884

Cash Flow


Monthly Yearly
Net operating income:
$1,056 $12,672
Mortgage payments:
-$1,256 -$15,072
Cash flow:
$200 $2,400