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Grayslake 60030
117 BLUFF Avenue
$375,000
● House - Off Market

117 BLUFF Avenue

Grayslake, IL 60030
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,400 Ft²
$2,541
Est. Monthly
4.00%
Cap Rate

About This Property

Cozy year 'round cottage retreat boasting a delightful open floor plan with breathtaking sunrise views of Grayslake. This type of property is rare within city limits. 70' of Grayslake water frontage offers unmatched tranquility. Enjoy all the features of this vibrant community while still  being tucked away off the beaten path.  Loads of improvements have been made over the years with most recent being flooring and windows within the past few years. Only a few minutes to train, town and major access routes. Less than 30 minutes to Naval Training Center & Hospitals.  Loads of improvements have been made over the years with most recent being flooring and windows within the past few years. In addition to the main lot, there is an additional 70x70 lot that includes an 18'x38' storage garage. Truly adorable.
Unit Size
1,400 Ft²
Days on Market
-
Land Size
-
Price per sqft
$268
Property Type
House
Property Taxes
$700
HOA Dues
-
Year Built
1918

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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: 2 years ago (MRED MLS #12103974)

Price History

Date / Event Date Event Price
Dec 13, 2024 Sold
Premium
Sold
Oct 10, 2024 In contract -
In contract
Oct 5, 2024 Relisted $375,000
Relisted
Sep 19, 2024 In contract -
In contract
Aug 27, 2024 Price Decreased $375,000
↓ $15K (3.9%)
Price Decreased
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1918
  • Effective Year Built: 1918
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,591
  • Total Building Area: 1,392
  • Gross Building Area: 1,392
  • Building Area: 1,392
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,392
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKESIDE SUB
  • Land Acres: 0000000312
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: LAKESIDE SUB; LOTS 1 & 2 BLOCK 1

Neighborhood

  • School District Name: Grayslake Consolidated Community School District 46
  • Census Tract: 861105

Geography

  • Assessors Map Reference: 2532-D4
  • District: AVON
  • Parcel: 06-34-201-003
  • Block: 1
  • Lot: 1,2
  • Municipality: TWP OF AVON
  • Latitude: 42.3421
  • Longitude: -88.0512

    Address

  • Full Address: 117 Bluff Ave
  • Address - House Number: 117
  • Address - Street Name: Bluff
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Grayslake
  • Carrier Code: C001
  • 4-Digit Zip Code: 2310
  • Zip Code: 60030

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $641,948
  • Tax Rate Code Area: 7013

    Appraisal Valuation

  • Standard Deviation: 0.1597
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 80
  • Final Value: 265,488
  • High Value: 307,899
  • Low Value: 223,076

    Market Valuation

  • Market Total Value: $205,245
  • Market Land Value: $87,546
  • Market Improvement Value: $117,699

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $68,408
  • Assessed Land Value: $29,179
  • Assessed Improvements Value: $39,229

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 26, 2017
  • Current Sale Recording Date: Nov 01, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7440038

    Financing

  • First Mortgage Financing Type: UNK
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 Grayslake

Stats & Trends

Median Asking:

$387,000

Sale Price/ft²

$206

Below Asking

0.01%

Average Days on Market

41

Average Home Size

3456 ft²

Average Home Age

28.3 years

Currently For Sale

29 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: Patricia Palzet-Taylor, RE/MAX Plaza
Last Updated: 2 years ago
Data Source: MRED, MLS# 12103974
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 117 Bluff Avenue built and last sold?
The property at 117 Bluff Avenue was built in 1918 and last sold on Oct 26, 2017 for $223,250.
How much is this home worth?
The estimated value of the home located at 117 Bluff Avenue is $372,743.
What are some comparable homes to 117 Bluff Avenue?
There are currently no comparable homes to 117 Bluff Avenue.
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