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Wilmette 60091
1121 Greenleaf Avenue
$845,000
● Land - Off Market

1121 Greenleaf Avenue

WILMETTE, IL 60091
bedrooms
Studio
bathrooms
0 Bath
$1,509,253
RealtyHop Estimate
68.63%
Since Nov 1, 2016
National-US
Primary Model

About This Property

Downtown Wilmette development site for sale. 13,837 SF land parcel with 80 ft. of frontage on Greenleaf Avenue. Adjacent to Wilmette City Hall, all downtown Wilmette restaurants, shops & businesses and 1 block from the Wilmette Metra train station. Many national retailers within steps including Panera Bread and Jos A Bank. Property is suitable for a mixed- use development with first floor commercial and three stories of residential units per existing zoning. Drive-by only. Village Center - Pedestrian Commercial East Zoning. Existing Building "as-is".Motivated seller.
Unit Size
-
Days on Market
-
Land Size
0.32 acres
Price per sqft
-
Property Type
Land
Property Taxes
$1,280
HOA Dues
-
Year Built
2018

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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 #09144187)

Price History

Date / Event Date Event Price
Oct 20, 2016 Sold
Premium
Sold
Feb 19, 2016 Listed by Sperry Van Ness $895,000
Listed by Sperry Van Ness

Property Highlights

Building Info

Overview

    General

  • Year Built: 2018
  • Building Count: 1
  • Bedroom Count: 38
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 28
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 14
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,325
  • Total Building Area: 34,692
  • Gross Building Area: 34,692
  • Building Area: 34,692
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 34,692
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WILMETTE VILLAGE
  • Land Acres: 0000000306
  • Standard Land Use Code: 1112
  • County Land Use Code: 3-91

Neighborhood

  • School District Name: New Trier Township High School District 203
  • Census Tract: 801300

Geography

  • District: 23
  • Parcel: 05-34-117-002-0000
  • Block: 17
  • Lot: 4
  • Meridian: SEC 34 TWN 42N RNG 13E
  • Municipality: NEW TRIER
  • Latitude: 42.075
  • Longitude: -87.7062

    Address

  • Full Address: 1121 Greenleaf Ave
  • Address - House Number: 1121
  • Address - Street Name: Greenleaf
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Wilmette
  • Carrier Code: C030
  • 4-Digit Zip Code: 2758
  • Zip Code: 60091

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $10,260,577
  • Tax Rate Code Area: 23015

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 4,978,742
  • High Value: 6,250,907
  • Low Value: 3,706,576

    Market Valuation

  • Market Total Value: $4,777,380
  • Market Land Value: $333,130
  • Market Improvement Value: $4,444,250

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $477,738
  • Assessed Land Value: $33,313
  • Assessed Improvements Value: $444,425

    Sales

  • Current Sale Contract Date: Sep 15, 2023
  • Current Sale Recording Date: Oct 05, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 57027
  • Previous Sale Recording Date: Oct 24, 2016
  • Previous Sale Contract Date: Oct 20, 2016
  • Previous Sale Amount: $845,000
  • Previous Sale Document Type: 71
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 Wilmette

Stats & Trends

Median Asking:

$995,000

Sale Price/ft²

$408

Above Asking

0.00%

Average Days on Market

42

Average Home Size

1991 ft²

Average Home Age

40.8 years

Currently For Sale

32 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

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MRED

Listed by: Wayne Caplan, Sperry Van Ness
Last Updated: 3 years ago
Data Source: MRED, MLS# 09144187
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 1121 Greenleaf Avenue built and last sold?
The property at 1121 Greenleaf Avenue was built in 2018 and last sold on Sep 15, 2023 for $9,225,000.
How much is this home worth?
The estimated value of the home located at 1121 Greenleaf Avenue is $903,950.
What are some comparable homes to 1121 Greenleaf Avenue?
There are currently no comparable homes to 1121 Greenleaf Avenue.
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