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Northbrook 60062
1127 Midway Road
$360,000
● House - Off Market

1127 Midway Road

Northbrook, IL 60062
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,093 Ft²
$2,297
Est. Monthly
7.62%
Cap Rate

About This Property

Fantastic opportunity to own a lovely move-in-ready 3 bedroom, 1 bath ranch style home in Northbrook with large windows allowing great sunlight to flow in. Kitchen with plenty of cabinets and eat-in area. Cute front deck, private fenced back yard with concrete patio, and attached 1.5 car garage. Home has newer roof, furnace, hot water heater, refrigerator, dishwasher, carpet, and has been freshly painted. Great opportunity to enjoy schools in District 28 and 225, and all of the many amenities Northbrook has to offer. Easy access to restaurants and shopping as well as the Edens Expressway. Make this adorable house your own!!
Unit Size
1,093 Ft²
Days on Market
-
Land Size
-
Price per sqft
$320
Property Type
House
Property Taxes
$579
HOA Dues
-
Year Built
1954

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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 #12141456)

Price History

Date / Event Date Event Price
Sep 6, 2024 Sold
Premium
Sold
Aug 22, 2024 In contract -
In contract
Aug 20, 2024 Listed by Century 21 Circle $349,900
Listed by Century 21 Circle

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • 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: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,459
  • Total Building Area: 1,093
  • Gross Building Area: 1,093
  • Building Area: 1,093
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,093
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NORTHBROOK EAST
  • Land Acres: 0000000171
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (NORTHBROOK)(EAST) RESUB BLKS9-13,18-20, & 22 & LTS2- 25 IN BLK21 & PT LT34 IN BLK17 WITH VAC STS ALL HUGHES-BROWN-MOORE-CORP

Neighborhood

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

Geography

  • District: 25
  • Parcel: 04-11-222-036-0000
  • Block: 9-13,
  • Lot: 2-25,
  • Meridian: SEC 11 TWN 42N RNG 12E
  • Municipality: NORTHFIELD
  • Latitude: 42.1307
  • Longitude: -87.792

    Address

  • Full Address: 1127 Midway Rd
  • Address - House Number: 1127
  • Address - Street Name: Midway
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Northbrook
  • Carrier Code: C005
  • 4-Digit Zip Code: 3937
  • Zip Code: 60062

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $729,994
  • Tax Rate Code Area: 25032

    Appraisal Valuation

  • Standard Deviation: 0.2276
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 398,356
  • High Value: 489,054
  • Low Value: 307,658

    Market Valuation

  • Market Total Value: $329,450
  • Market Land Value: $96,970
  • Market Improvement Value: $232,480

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $32,945
  • Assessed Land Value: $9,697
  • Assessed Improvements Value: $23,248

    Sales

  • Current Sale Contract Date: Sep 15, 2002
  • Current Sale Recording Date: Oct 16, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 0328945010

    Financing

  • First Mortgage Financing Type: ADJ
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:

$700,000

Sale Price/ft²

$299

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2814 ft²

Average Home Age

41.6 years

Currently For Sale

64 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

Rentals Near You

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MRED

Listed by: Michele Panico, Century 21 Circle
Last Updated: 3 years ago
Data Source: MRED, MLS# 12141456
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 1127 Midway Road built and last sold?
The property at 1127 Midway Road was built in 1954 and last sold on Sep 15, 2002 for $290,000.
How much is this home worth?
The estimated value of the home located at 1127 Midway Road is $0.
What are some comparable homes to 1127 Midway Road?
There are currently no comparable homes to 1127 Midway Road.
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