Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    85 Crystal St Elgin, IL 60123-6386
    Back to Search
    Property profile & analytics

    85 Crystal St Elgin, IL 60123-6386

    View on Map
    • Apartment buildings
    • 11,340 SF
    • 0.79 lot acres
    Off-Market
    Last Sale Feb 8, 2022
    $1,225,000
    Property ID
    US28-5553594
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,225,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 85 Crystal St

    Year built
    1972
    Lot size
    0.79 lot acres
    Property size
    11,340 SF
    Property type
    Apartment buildings
    APN
    06-14-429-005
    APU
    614429005

    Description

    This exceptional investment opportunity presents a 15-unit apartment building located at 85 S Crystal St, Elgin, IL 60123. The three-story building, constructed in 1972, boasts 11,349 square feet of net rentable space situated on a nearly one-acre lot (34,689 sq ft). The property features a mix of six one-bedroom/one-bathroom and nine two-bedroom/one-bathroom units, all with exterior and interior access. Units include laminate flooring, eat-in kitchens, and spacious bathrooms, equipped with sleeve air conditioners. Heating is a mix of baseboard (9 units) and individual furnaces (6 units)

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,240,000
      ML approach
      $1,205,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,525,000
      Market price range: $972k - $1.94M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,360,000
      Current use
      COMMERCIAL (GENERAL)
      $1,600,000
      Change: +18% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Elgin
    County
    Kane
    State
    Illinois
    Longitude
    -88.2868
    Latitude
    42.0344
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $33,230
    $47,435
    $335,789
    $383,224
    -
    $142,305
    $1,007,367
    $1,149,672

    Comparable in this City

    • Value Estimation by Request

      2091 Vernon Dr, Unit 2099

      APARTMENT HOUSE (5+ UNITS)
      2091 Vernon Dr, Elgin, IL 60123-4959
      View Details
    • Value Estimation
      $4,075,000
      35,808 SF

      6 Tivoli Pl

      APARTMENT HOUSE (5+ UNITS) • 35,808 SF
      6 Tivoli Pl, Elgin, IL 60123-2727
      View Details
    • Value Estimation by Request
      4,992 SF

      1596 Mark Ave

      APARTMENT HOUSE (5+ UNITS) • 4,992 SF
      1596 Mark Ave, Elgin, IL 60123-2902
      View Details
    • Value Estimation
      $2,800,000
      16,378 SF

      505 Autumn Ct

      APARTMENT HOUSE (5+ UNITS) • 16,378 SF
      505 Autumn Ct, Elgin, IL 60123-2544
      View Details
    • Value Estimation
      $755,000
      8,400 SF

      1900 Mark Ave

      APARTMENT HOUSE (5+ UNITS) • 8,400 SF
      1900 Mark Ave, Elgin, IL 60123-2914
      View Details
    • Value Estimation
      $1,320,000
      14,580 SF

      1643 Mulberry Ct

      APARTMENT HOUSE (5+ UNITS) • 14,580 SF
      1643 Mulberry Ct, Elgin, IL 60123-4503
      View Details

    Similar Nearby for Sale

    • $80,000
      1,008 SF

      Elgin Medical Condo - Great Location

      Turn-key medical office condo, 1008 sq ft.
      1590 Weatherstone Ln, Elgin, IL 60123
      View Details
    • Contact for pricing

      Spacious Duplex with Updated Unit

      Large side-by-side duplex with updated unit, near park.
      1583-1585 Sheffield Dr, Elgin, IL 60123
      View Details
    • $99,900

      Elgin Office Suite For Sale

      Ground floor office suite with natural light in Elgin.
      2000 Larkin Ave, Elgin, IL 60123
      View Details
    • Contact for pricing
      509,340 SF

      Elgin Commercial Property with Development Potential

      Two buildings on 81.79 acres with redevelopment opportunities.
      1000 N Randall Rd, Elgin, IL 60123
      View Details
    • $750,000

      Vacant Land on Randall Road

      Vacant commercial land with high visibility and direct access.
      615 S Randall Rd, Elgin, IL 60123
      View Details

    Similar Nearby for Lease

    • Sponsored
      Contact for pricing

      IL, Elgin - Point Blvd

      Workspaces, services and support to help you work better in IL, Elgin - Point Blvd
      2250 Point Blvd, Elgin, IL 60123
      View Details
    • Contact for pricing
      12 SF

      Retail Outparcels on Randall Road

      Two retail outparcels available in a high-traffic area.
      1100 S Randall Rd, Elgin, IL 60123
      View Details
    • Contact for pricing

      Elgin Commercial Campus for Lease

      Large commercial campus with multiple buildings available for lease.
      1000 North Randall Rd, Elgin, IL 60123
      View Details
    • $23 SF/Yr

      Elgin Office Space For Lease

      Office space in corporate campus setting near major transportation routes.
      2155 Point Blvd, Elgin, IL 60123
      View Details
    • Contact for pricing

      Elgin Industrial/Flex Space Available

      Industrial/flex space for rent at River Ridge Business Center.
      440 Airport Rd, Elgin, IL 60123
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space in Elgin Center

      Retail, office, and medical space with high visibility.
      1300 Wing St, Elgin, IL 60123
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    85 Crystal St
    Elgin, IL 60123-6386
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    85 Crystal St, Elgin, IL, 60123
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!