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Addison 60101
120 N May Street
$315,000
● House - Off Market

120 N May Street

Addison, IL 60101
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,539 Ft²
$2,121
Est. Monthly
7.97%
Cap Rate

About This Property

PRICE DROP! This 3 Bedroom, 1.5 Bath Home has a lot to offer, including Hardwood Floors throughout and Spacious Vaulted Ceilings in the Living & Dining Rooms, creating an Open and Inviting Atmosphere. The Lower Level Family Room adds Extra Living Space with a Family Room and Fireplace, plus a Large Concrete Crawl Space for plenty of storage. Outside, the Fenced Backyard is great for relaxing or entertaining. This Peaceful Neighborhood is Walkable to Village Hall, Local Amenities, Good Schools, Parks, and easy access to Major Highways. Very Desirable Area. Don't Miss Out on the opportunity to own a home in Addison Historical District!
Unit Size
1,539 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$214
Property Type
House
Property Taxes
$502
HOA Dues
-
Year Built
1961

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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.

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 41
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 528
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,534
  • Lot Size Depth Feet: 135
  • Lot Size Frontage Feet: 50
  • Total Building Area: 1,539
  • Gross Building Area: 1,539
  • Building Area: 1,539
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,539
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RITTMUELLERS ADD TO ADDISON
  • Land Acres: 0000000150
  • Standard Land Use Code: 1001
  • County Land Use Code: R
  • Legal Description 1: RITTMUELLERS ADD TO ADDISON

Neighborhood

  • School District Name: Addison School District 4
  • School Tax School District: ADDISON
  • Census Tract: 846603

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 2970-E5
  • Parcel: 03-28-110-036
  • Lot: 51
  • Municipality: ADDISON
  • Latitude: 41.9298
  • Longitude: -87.9927

    Address

  • Full Address: 120 N May St
  • Address - House Number: 120
  • Street Direction: N
  • Address - Street Name: May
  • Address - Suffix Type: St
  • State: IL
  • City Name: Addison
  • Carrier Code: C033
  • 4-Digit Zip Code: 3544
  • Zip Code: 60101

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $577,410
  • Tax Rate Code Area: 3033

    Appraisal Valuation

  • Standard Deviation: 0.1785
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 76
  • Final Value: 304,711
  • High Value: 359,102
  • Low Value: 250,320

    Market Valuation

  • Market Total Value: $253,200
  • Market Land Value: $97,620
  • Market Improvement Value: $155,580

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $84,400
  • Assessed Land Value: $32,540
  • Assessed Improvements Value: $51,860

    Sales

  • Current Sale Contract Date: Jul 20, 2021
  • Current Sale Recording Date: Jul 27, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2021-112928
  • Previous Sale Recording Date: Jan 05, 2018
  • Previous Sale Contract Date: Dec 29, 2017
  • Previous Sale Amount: $180,000
  • Previous 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 Addison

Stats & Trends

Median Asking:

$400,501

Sale Price/ft²

$222

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1832 ft²

Average Home Age

41.4 years

Currently For Sale

42 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 934 S Harvard Avenue, Addison, IL, 60101

$2,900 /mo

  • 3 Beds
  • 2 Baths
  • 1,206 ft²
934 S Harvard Avenue, Addison, IL, 60101 Listing by David Hejnowski
Unit for rent at 233 S Yale Avenue, Addison, IL, 60101

$3,000 /mo

  • 4 Beds
  • 2 Baths
  • 1,154 ft²
233 S Yale Avenue, Addison, IL, 60101 Listing by Brandon Trujillo

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Conzetta Mitchell, Parzel Real Estate
Data Source: MRED, MLS# MRD12319225
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 North May Street built and last sold?
The property at 120 North May Street was built in 1961 and last sold on Jul 20, 2021 for $245,000.
How much is this home worth?
The estimated value of the home located at 120 North May Street is $327,345.
What are some comparable homes to 120 North May Street?
There are currently no comparable homes to 120 North May Street.
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