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Des Plaines 60016
1025 S 3rd Avenue
$170,000
● House - Off Market

1025 S 3rd Avenue

Des Plaines, IL 60016
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,003 Ft²
$220,476
RealtyHop Estimate
12.55%
Since Nov 1, 2021
National-US
Primary Model

About This Property

Popular Villas ranch. Lovely 2 bedroom home. This home needs a little TLC and your decorating ideas and wow what a great home. Plenty of storage space and in the attic with the pull down stairs. Newer water heater and furnace (2017). Enjoy the lovely yard. What a great location, close to schools, parks, restaurants and shopping. Prairie Lakes Community Center is just a quarter mile to the west with so many classes, fitness, pool and rentals options. Home is sold As-Is.
Unit Size
1,003 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$195
Property Type
House
Property Taxes
$244
HOA Dues
-
Year Built
1953

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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 #11187912)

Price History

Date / Event Date Event Price
Oct 19, 2021 Sold
Premium
Sold
Aug 27, 2021 Listed by LX Realty, INC $195,900
Listed by LX Realty, INC

Property Highlights

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 3
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,176
  • Total Building Area: 1,003
  • Gross Building Area: 1,003
  • Building Area: 1,003
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,003
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DES PLAINES VILLAS
  • Land Acres: 0000000165
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03

Neighborhood

  • School District Name: Des Plaines Community Consolidated School District 62
  • Census Tract: 806300

Geography

  • District: 22
  • Parcel: 09-20-108-058-0000
  • Block: 12
  • Lot: 14,15
  • Meridian: SEC 20 TWN 41N RNG 12E
  • Municipality: MAINE
  • Latitude: 42.0342
  • Longitude: -87.9014

    Address

  • Full Address: 1025 S 3rd Ave
  • Address - House Number: 1025
  • Street Direction: S
  • Address - Street Name: 3rd
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Des Plaines
  • Carrier Code: C063
  • 4-Digit Zip Code: 6204
  • Zip Code: 60016

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $452,354
  • Tax Rate Code Area: 22028

    Appraisal Valuation

  • Standard Deviation: 0.2461
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 65
  • Final Value: 255,704
  • High Value: 318,644
  • Low Value: 192,764

    Market Valuation

  • Market Total Value: $210,000
  • Market Land Value: $53,820
  • Market Improvement Value: $156,180

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $21,000
  • Assessed Land Value: $5,382
  • Assessed Improvements Value: $15,618

    Sales

  • Current Sale Contract Date: Oct 19, 2021
  • Current Sale Recording Date: Oct 27, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2130007468
  • Previous Sale Recording Date: Aug 02, 2018
  • Previous Sale Contract Date: Jul 24, 2018
  • Previous Sale Amount: $75,000
  • Previous Sale Document Type: 55

    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 Des Plaines

Stats & Trends

Median Asking:

$400,000

Sale Price/ft²

$250

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1620 ft²

Average Home Age

49.9 years

Currently For Sale

109 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 880 Lee Street, Des Plaines, IL, 60016

$2,350 /mo

  • 2 Beds
  • 1 Bath
  • 850 ft²
880 Lee Street #207, Des Plaines, IL, 60016 Listing by Julia Stoner
Unit for rent at 1102 S Cora Street, Des Plaines, IL, 60016

$2,500 /mo

  • 2 Beds
  • 1 Bath
  • 820 ft²
1102 S Cora Street, Des Plaines, IL, 60016 Listing by Jennie Artajo

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Tracey Hiller, LX Realty, INC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11187912
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 1025 South 3rd Avenue built and last sold?
The property at 1025 South 3rd Avenue was built in 1953 and last sold on Oct 19, 2021 for $170,000.
How much is this home worth?
The estimated value of the home located at 1025 South 3rd Avenue is $0.
What are some comparable homes to 1025 South 3rd Avenue?
There are currently no comparable homes to 1025 South 3rd Avenue.
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