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Northbrook 60062
1026 Midway Road
$285,000
● House - Off Market

1026 Midway Road

Northbrook, IL 60062
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,068 Ft²
$339,581
RealtyHop Estimate
4.49%
Since Mar 1, 2023
National-US
Primary Model

About This Property

Opportunity awaits! This 3 bedroom 1.5 bath home is located in a great neighborhood in school district 28 and 225.  This home has not been updated in a while but has solid bones.  Bring your ideas and make your dream home.  Ideal location close to shopping, parks, restaurants.  Minutes to expressways.  Enjoy biking and hiking in nearby Chipilly Woods Trail and North Branch Trail.  Sold in AS-IS Condition.
Unit Size
1,068 Ft²
Days on Market
-
Land Size
-
Price per sqft
$304
Property Type
House
Property Taxes
$73
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 #11698932)

Price History

Date / Event Date Event Price
Feb 17, 2023 Sold
Premium
Sold
Jan 11, 2023 Listed by Kozar Real Estate Group $325,000
Listed by Kozar Real Estate Group

Property Highlights

Garage
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: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,820
  • Total Building Area: 1,068
  • Gross Building Area: 1,068
  • Building Area: 1,068
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • 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: 0000000157
  • 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: 04-11-215-070-0000
  • Block: 14
  • Lot: 4-43
  • Meridian: SEC 11 TWN 42N RNG 12E
  • Municipality: NORTHFIELD
  • Latitude: 42.133
  • Longitude: -87.7953

    Address

  • Full Address: 1026 Midway Rd
  • Legal Unit: 2
  • Address - House Number: 1026
  • 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: $594,815
  • Tax Rate Code Area: 25032

    Appraisal Valuation

  • Standard Deviation: 0.2325
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 368,271
  • High Value: 453,908
  • Low Value: 282,634

    Market Valuation

  • Market Total Value: $330,000
  • Market Land Value: $88,660
  • Market Improvement Value: $241,340

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $33,000
  • Assessed Land Value: $8,866
  • Assessed Improvements Value: $24,134

    Sales

  • Current Sale Contract Date: Feb 08, 2023
  • Current Sale Recording Date: Feb 22, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 6083
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:

$699,900

Sale Price/ft²

$299

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2875 ft²

Average Home Age

43.9 years

Currently For Sale

63 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

$2,999 /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: Jack Kozar, Kozar Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11698932
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 1026 Midway Road built and last sold?
The property at 1026 Midway Road was built in 1955 and last sold on Feb 8, 2023 for $285,000.
How much is this home worth?
The estimated value of the home located at 1026 Midway Road is $329,781.
What are some comparable homes to 1026 Midway Road?
There are currently no comparable homes to 1026 Midway Road.
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