Property profile

620 Highland Ave Elgin, IL 60123

OFF-MARKET
Apartment buildings
Property ID
US28-1477634
5,683 SF 0.79 ac lot Built 1891
Trust Owned 6-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1891
Construction FRAME
Total area 5,683 SF
Lot 0.79 ac (34,584 SF)
APN 06-14-179-022
UPID US28-1477634

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel Bed & Breakfast

Location

620 Highland Ave Elgin, IL 60123-5380
Elgin metro Census 851102 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$690k
CAP Approach CAP
by Request
Comparable Approach Comparable
$686k
Blend (final) Blend
$615k

Owner & transaction history

since 2020
Last sale
$605,000
3 recorded transactions
2025
Price N/A
2020
$605,000
2017
$490,000

Zoning & alternative use

Top alternative use upside
Commercial (general) $805,000 +17.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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