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Mount Prospect 60056
116 N Emerson Street
$429,000
● House - Off Market

116 N Emerson Street

Mount Prospect, IL 60056
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,110 Ft²
$447,564
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model

About This Property

Four bedrooms, two full bathrooms, formal dining room, eat-in kitchen, and a family room! Impeccably maintained, very well built, unique floor plan. Bedroom and bath on the main floor could be used as the primary or as a guest bedroom. Hardwood floors, more storage than you can even use (attic crawl & basement crawl spaces)! Lower level includes a family room and a basement utility room with space for a workshop and has an outside exit. Check out the garage, a workroom at the back, man cave or she-shed, your choice!
Unit Size
2,110 Ft²
Days on Market
-
Land Size
-
Price per sqft
$208
Property Type
House
Property Taxes
$384
HOA Dues
-
Year Built
1964

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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 #11737663)

Price History

Date / Event Date Event Price
Apr 21, 2023 Sold
Premium
Sold
Mar 15, 2023 Listed by RE/MAX Suburban $439,900
Listed by RE/MAX Suburban

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • 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: 7,600
  • Total Building Area: 1,080
  • Gross Building Area: 1,080
  • Building Area: 1,080
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,080
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAUDERMILK VILLA
  • Land Acres: 0000000175
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-34
  • Legal Description 1: (LAUDERMILK)(VILLA) SUB IN SE SEC 34-42-11

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 802802

Geography

  • District: 38
  • Parcel: 03-34-408-016-0000
  • Lot: 121
  • Meridian: SEC 34 TWN 42N RNG 11E
  • Municipality: WHEELING
  • Latitude: 42.0693
  • Longitude: -87.9357

    Address

  • Full Address: 116 N Emerson St
  • Address - House Number: 116
  • Street Direction: N
  • Address - Street Name: Emerson
  • Address - Suffix Type: St
  • State: IL
  • City Name: Mount Prospect
  • Carrier Code: C074
  • 4-Digit Zip Code: 2508
  • Zip Code: 60056

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $717,639
  • Tax Rate Code Area: 38020

    Appraisal Valuation

  • Standard Deviation: 0.2277
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 410,964
  • High Value: 504,555
  • Low Value: 317,373

    Market Valuation

  • Market Total Value: $330,000
  • Market Land Value: $76,000
  • Market Improvement Value: $254,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $33,000
  • Assessed Land Value: $7,600
  • Assessed Improvements Value: $25,400

    Sales

  • Current Sale Contract Date: Apr 10, 2023
  • Current Sale Recording Date: Apr 24, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 28081
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 Mount Prospect

Stats & Trends

Median Asking:

$459,900

Sale Price/ft²

$267

Below Asking

0.01%

Average Days on Market

40

Average Home Size

1672 ft²

Average Home Age

55.8 years

Currently For Sale

87 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 1802 W Willow Lane, Mount Prospect, IL, 60056

$3,700 /mo

  • 4 Beds
  • 2 Baths
1802 W Willow Lane #1802, Mount Prospect, IL, 60056 Listing by Sunil Gupta
Unit for rent at 904 S Edward Street, Mount Prospect, IL, 60056

$3,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,562 ft²
904 S Edward Street, Mount Prospect, IL, 60056 Listing by Radoslaw Marzol

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: James Regan, RE/MAX Suburban
Last Updated: 3 years ago
Data Source: MRED, MLS# 11737663
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 116 North Emerson Street built and last sold?
The property at 116 North Emerson Street was built in 1964 and last sold on Apr 10, 2023 for $429,000.
How much is this home worth?
The estimated value of the home located at 116 North Emerson Street is $0.
What are some comparable homes to 116 North Emerson Street?
There are currently no comparable homes to 116 North Emerson Street.
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