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Northbrook 60062
1020 Midway Road
$384,000
● House - Off Market

1020 Midway Road

Northbrook, IL 60062
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,068 Ft²
$444,554
RealtyHop Estimate
12.55%
Since Nov 1, 2021
National-US
Primary Model

About This Property

*NEW PHOTOS OF BASEMENT MAKEOVER* Just professionally painted and completed on 8/21/21. It was beautifully rehabbed in 2015 this included a new roof, as well as a full update to the kitchen with SS appliances, refinished wood floors, Elfa closet systems in each room, and recessed lighting. Brand new AC unit purchased recently in 2020! Nicely landscaped backyard and patio with ample space for outdoor entertaining.
Unit Size
1,068 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$370
Property Type
House
Property Taxes
$590
HOA Dues
-
Year Built
1955

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MRED MLS #11167710)

Price History

Date / Event Date Event Price
Oct 7, 2021 Sold
Premium
Sold
Jul 25, 2021 Listed by @properties $395,000
Listed by @properties

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 8
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,830
  • Total Building Area: 1,068
  • Gross Building Area: 1,068
  • Building Area: 1,068
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,068
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NORTHBROOK EAST UNIT2
  • Land Acres: 0000000180
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (NORTHBROOK) (EAST) (UNIT2) RESUB OF LTS 4-43 BOTH IN CL IN BLK 14 IN COLLINSWOOD SUB OF PT OF THE NE & PT OF THE EH OF THE S

Neighborhood

  • School District Name: Northbrook School District 28
  • Census Tract: 801800

Geography

  • District: 25
  • Parcel: 04-11-215-068-0000
  • Block: 14
  • Lot: 4-43
  • Meridian: SEC 11 TWN 42N RNG 12E
  • Municipality: NORTHFIELD
  • Latitude: 42.1333
  • Longitude: -87.7956

    Address

  • Full Address: 1020 Midway Rd
  • Legal Unit: 2
  • Address - House Number: 1020
  • Address - Street Name: Midway
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Northbrook
  • Carrier Code: C005
  • 4-Digit Zip Code: 3936
  • Zip Code: 60062

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $779,098
  • Tax Rate Code Area: 25032

    Appraisal Valuation

  • Standard Deviation: 0.2044
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 72
  • Final Value: 442,091
  • High Value: 532,455
  • Low Value: 351,727

    Market Valuation

  • Market Total Value: $351,600
  • Market Land Value: $101,790
  • Market Improvement Value: $249,810

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $35,160
  • Assessed Land Value: $10,179
  • Assessed Improvements Value: $24,981

    Sales

  • Current Sale Contract Date: Sep 22, 2021
  • Current Sale Recording Date: Dec 01, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2133507054
  • Previous Sale Recording Date: Jul 20, 2015
  • Previous Sale Contract Date: Jul 20, 2015
  • Previous Sale Amount: $345,000
  • Previous Sale Document Type: 68

    Financing

  • First Mortgage Financing Type: FIX
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Northbrook

Stats & Trends

Median Asking:

$707,500

Sale Price/ft²

$300

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2761 ft²

Average Home Age

41.9 years

Currently For Sale

67 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 1739 Tudor Lane, Northbrook, IL, 60062

$2,900 /mo

  • 2 Beds
  • 1 Bath
1739 Tudor Lane #308, Northbrook, IL, 60062 Listing by Eunice Lee

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Amanda Brooks, @properties
Last Updated: 3 years ago
Data Source: MRED, MLS# 11167710
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 1020 Midway Road built and last sold?
The property at 1020 Midway Road was built in 1955 and last sold on Sep 22, 2021 for $384,000.
How much is this home worth?
The estimated value of the home located at 1020 Midway Road is $396,467.
What are some comparable homes to 1020 Midway Road?
There are currently no comparable homes to 1020 Midway Road.
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