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Mount Prospect 60056
1215 W Lonnquist Boulevard
$535,000
● House - Off Market

1215 W Lonnquist Boulevard

Mount Prospect, IL 60056
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,783 Ft²
$550,822
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model

About This Property

Spacious 2-story Colonial featuring 4 large bedrooms, 2.1 baths, a charming entry foyer, a living room with a bay window, a large formal dining room, an eat-in kitchen, a first floor family room with a stone fireplace, hardwood floors throughout (including kitchen and 2nd floor), a large finished basement, a spacious backyard, and a 2-car attached garage. Only 1/2 mile to the Clubhouse of the Mount Prospect Golf Course. 1.5 miles to the Metra train station and the shops, restaurants, new Caputo's Fresh Market and many festivals of downtown Mount Prospect.
Unit Size
2,783 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$198
Property Type
House
Property Taxes
$352
HOA Dues
-
Year Built
1968

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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.

Last updated: 3 years ago (MRED MLS #11770309)

Price History

Date / Event Date Event Price
Jun 20, 2023 Sold
Premium
Sold
May 4, 2023 Listed by Berkshire Hathaway HomeServices Starck Real Estate $549,900
Listed by Berkshire Hathaway HomeServices Starck Real Estate

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 60
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,080
  • Total Building Area: 2,783
  • Gross Building Area: 2,783
  • Building Area: 2,783
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 2,783
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GREEN ACRES UNIT
  • Land Acres: 0000000231
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-78
  • Legal Description 1: EAST5 FT LOT85

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 805001

Geography

  • District: 16
  • Parcel: 08-14-118-022-0000
  • Lot: 85
  • Meridian: SEC 14 TWN 41N RNG 11E
  • Municipality: ELK GROVE
  • Latitude: 42.0514
  • Longitude: -87.955

    Address

  • Full Address: 1215 W Lonnquist Blvd
  • Address - House Number: 1215
  • Street Direction: W
  • Address - Street Name: Lonnquist
  • Address - Suffix Type: Blvd
  • State: IL
  • City Name: Mount Prospect
  • Carrier Code: C045
  • 4-Digit Zip Code: 3658
  • Zip Code: 60056

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,121,900
  • Tax Rate Code Area: 16048

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 600,440
  • High Value: 737,544
  • Low Value: 463,335

    Market Valuation

  • Market Total Value: $510,000
  • Market Land Value: $100,800
  • Market Improvement Value: $409,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $51,000
  • Assessed Land Value: $10,080
  • Assessed Improvements Value: $40,920

    Sales

  • Current Sale Contract Date: Jun 08, 2023
  • Current Sale Recording Date: Jun 22, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 33082
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

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 2673 S Embers Lane, Arlington Heights, IL, 60005

$3,600 /mo

  • 4 Beds
  • 3 Baths
  • 1,814 ft²
2673 S Embers Lane, Arlington Heights, IL, 60005 Listing by Elizabeth Philip

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Thomas Zander, Berkshire Hathaway HomeServices Starck Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11770309
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 1215 West Lonnquist Boulevard built and last sold?
The property at 1215 West Lonnquist Boulevard was built in 1968 and last sold on Jun 8, 2023 for $535,000.
How much is this home worth?
The estimated value of the home located at 1215 West Lonnquist Boulevard is $0.
What are some comparable homes to 1215 West Lonnquist Boulevard?
There are currently no comparable homes to 1215 West Lonnquist Boulevard.
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