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Glencoe 60022
1124 Old Elm Lane
$650,000
● House - Off Market

1124 Old Elm Lane

Glencoe, IL 60022
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,274 Ft²
$3,849
Est. Monthly
5.99%
Cap Rate

About This Property

Great potential to update this 3 bedroom, 2 full bath ranch with full basement. Primary suite has been expanded. Located across from municiple Park on corner lot. Wonderful opportunity to transform this home your own. Estate own SOLD AS IS
Unit Size
1,274 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$470
Property Type
House
Property Taxes
$908
HOA Dues
-
Year Built
1951

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Cap Rate Calculator

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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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • 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: 7
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,703
  • Total Building Area: 1,274
  • Gross Building Area: 1,274
  • Building Area: 1,274
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,274
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GREEN MEADOW
  • Land Acres: 0000000223
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (GREEN) (MEADOW) SUB OF PT OF NW SW SEC 06-42-13

Neighborhood

  • School District Name: New Trier Township High School District 203
  • Census Tract: 800200

Geography

  • District: 23
  • Parcel: 05-06-300-018-0000
  • Lot: 4
  • Meridian: SEC 06 TWN 42N RNG 13E
  • Municipality: NEW TRIER
  • Latitude: 42.1447
  • Longitude: -87.7672

    Address

  • Full Address: 1124 Old Elm Ln
  • Address - House Number: 1124
  • Address - Street Name: Old Elm
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Glencoe
  • Carrier Code: C008
  • 4-Digit Zip Code: 1235
  • Zip Code: 60022

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,089,167
  • Tax Rate Code Area: 23006

    Appraisal Valuation

  • Standard Deviation: 0.1817
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 76
  • Final Value: 603,604
  • High Value: 713,296
  • Low Value: 493,912

    Market Valuation

  • Market Total Value: $476,260
  • Market Land Value: $164,950
  • Market Improvement Value: $311,310

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $47,626
  • Assessed Land Value: $16,495
  • Assessed Improvements Value: $31,131

    Sales

  • Current Sale Contract Date: Jul 11, 2012
  • Current Sale Recording Date: Jul 11, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 33
  • Current Sale Input Document Number: 1219316142
  • Previous Sale Recording Date: May 04, 2004
  • Previous Sale Contract Date: Mar 31, 2004
  • Previous Sale Amount: $100,000
  • Previous Sale Document Type: 40
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 Glencoe

Stats & Trends

Median Asking:

$2,099,000

Sale Price/ft²

$443

Below Asking

0.01%

Average Days on Market

41

Average Home Size

5645 ft²

Average Home Age

33.1 years

Currently For Sale

18 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 1725 Happ Road, Northbrook, IL, 60062

$4,350 /mo

  • 3 Beds
  • 2 Baths
  • 1,800 ft²
1725 Happ Road, Northbrook, IL, 60062 Listing by Daniel Nierman

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Ted Pickus, @properties Christie's International Real Estate
Data Source: MRED, MLS# MRD12313710
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 1124 Old Elm Lane built and last sold?
The property at 1124 Old Elm Lane was built in 1951 and last sold on Jul 11, 2012 for $245,000.
How much is this home worth?
The estimated value of the home located at 1124 Old Elm Lane is $0.
What are some comparable homes to 1124 Old Elm Lane?
There are currently no comparable homes to 1124 Old Elm Lane.
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