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Mount Prospect 60056
1203 S Robert Drive
$175,000
● Land - Off Market

1203 S Robert Drive

Mount Prospect, IL 60056
bedrooms
Studio
bathrooms
0 Bath
$198,260
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

Beautiful interior vacant lot with detached garage in desirable Mt. Prospect neighborhood. Look no further for the perfect location to build your dream home on this great residential street. Close and convenient to plenty of shopping, restaurants, downtown Mt. Prospect and quick access to the highway.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Land
Property Taxes
$107
HOA Dues
-
Year Built
1961

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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 #11831172)

Price History

Date / Event Date Event Price
Oct 17, 2023 Sold
Premium
Sold
Jul 17, 2023 Listed by Century 21 Langos & Christian $199,000
Listed by Century 21 Langos & Christian

Property Highlights

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • 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: 0
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,568
  • Total Building Area: 1,042
  • Building Area: 1,042
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 1,042
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ELK RIDGE VILLA UNIT 01
  • Land Acres: 0000000197
  • Standard Land Use Code: 1000
  • County Land Use Code: 2-01
  • Legal Description 1: LOT 10 IN BLK 3 IN ELK RIDGE VILLA UNIT #1 W2 W2 OF SEC14 T41N R11E 3P

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 805002

Geography

  • District: 16
  • Parcel: 08-14-115-010-0000
  • Block: 3
  • Lot: 10
  • Meridian: SEC 14 TWN 41N RNG 11E
  • Municipality: ELK GROVE
  • Latitude: 42.0446
  • Longitude: -87.9556

    Address

  • Full Address: 1203 S Robert Dr
  • Address - House Number: 1203
  • Street Direction: S
  • Address - Street Name: Robert
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Mount Prospect
  • Carrier Code: C070
  • 4-Digit Zip Code: 4537
  • Zip Code: 60056

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $279,129
  • Tax Rate Code Area: 16048

    Appraisal Valuation

  • Standard Deviation: 0.233
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 171,652
  • High Value: 211,653
  • Low Value: 131,650

    Market Valuation

  • Market Total Value: $111,570
  • Market Land Value: $85,680
  • Market Improvement Value: $25,890

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $11,157
  • Assessed Land Value: $8,568
  • Assessed Improvements Value: $2,589

    Sales

  • Current Sale Contract Date: Oct 17, 2023
  • Current Sale Recording Date: Oct 24, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 28014
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

39

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

Rentals Near You

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MRED

Listed by: Salvatore Cimino, Century 21 Langos & Christian
Last Updated: 3 years ago
Data Source: MRED, MLS# 11831172
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 1203 South Robert Drive built and last sold?
The property at 1203 South Robert Drive was built in 1961 and last sold on Oct 17, 2023 for $175,000.
How much is this home worth?
The estimated value of the home located at 1203 South Robert Drive is $0.
What are some comparable homes to 1203 South Robert Drive?
There are currently no comparable homes to 1203 South Robert Drive.
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