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Bolingbrook 60440
120 Mellbrook Road
$250,000
● House - Off Market

120 Mellbrook Road

Bolingbrook, IL 60440
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,846 Ft²
$1,769
Est. Monthly
10.98%
Cap Rate

About This Property

Investors and handyman, Great opportunity in Bolingbrook! 3-bedroom, 2 bath home in need of TLC. The primary bedroom features its own full bathroom. The home includes a spacious living room with a fireplace, a kitchen, dining area, foyer, and a laundry room. Attached 2-car garage for added convenience. Conveniently located close to shopping and expressway. Sold As-Is.
Unit Size
1,846 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$135
Property Type
House
Property Taxes
$541
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.

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,517
  • Total Building Area: 1,372
  • Building Area: 1,372
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,372
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BOLINGBROOK SUB
  • Land Acres: 0000000196
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 6 BLOCK 14 OIN BOLINGBROOK SUB UNIT 5, A SUB OF PRT OF THE NE1/4 SEC 14 AND PRT OF THE NW1/4 SEC 13, AND A RESUB OF PRT O

Neighborhood

  • School District Name: Valley View Community Unit School District 365U
  • Census Tract: 880113

Geography

  • Parcel: 12-02-14-213-006
  • Block: 14
  • Lot: 6
  • Meridian: SEC 13 TWN 37N RNG 10E
  • Municipality: DUPAGE
  • Latitude: 41.6977
  • Longitude: -88.0507

    Address

  • Full Address: 120 Mellbrook Rd
  • Legal Unit: 3
  • Address - House Number: 120
  • Address - Street Name: Mellbrook
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Bolingbrook
  • Carrier Code: R005
  • 4-Digit Zip Code: 3013
  • Zip Code: 60440

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $608,094
  • Tax Rate Code Area: 1214

    Appraisal Valuation

  • Standard Deviation: 0.1419
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 83
  • Final Value: 259,455
  • High Value: 296,289
  • Low Value: 222,620

    Market Valuation

  • Market Total Value: $202,560
  • Market Land Value: $47,637
  • Market Improvement Value: $154,923

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $67,520
  • Assessed Land Value: $15,879
  • Assessed Improvements Value: $51,641

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 25, 1990
  • Current Sale Recording Date: May 25, 1990
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
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 Bolingbrook

Stats & Trends

Median Asking:

$385,000

Sale Price/ft²

$207

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2069 ft²

Average Home Age

36.4 years

Currently For Sale

116 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 427 Justine Avenue, Bolingbrook, IL, 60440

$2,950 /mo

  • 3 Beds
  • 2 Baths
  • 1,587 ft²
427 Justine Avenue, Bolingbrook, IL, 60440 Listing by Vladimir Audouin

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Leda Quiaro, Keller Williams Infinity
Data Source: MRED, MLS# MRD12305557
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 120 Mellbrook Road built and last sold?
The property at 120 Mellbrook Road was built in 1964 and last sold on May 25, 1990 for $79,000.
How much is this home worth?
The estimated value of the home located at 120 Mellbrook Road is $261,015.
What are some comparable homes to 120 Mellbrook Road?
There are currently no comparable homes to 120 Mellbrook Road.
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