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Glenview 60025
1223 Milwaukee Avenue
Photo of 1223 Milwaukee Avenue

1

Map

$795,000
● Land - In Contract

1223 Milwaukee Avenue

Glenview, IL 60025
bedrooms
Studio
bathrooms
0 Bath
$4,641
Est. Monthly
0.28%
Cap Rate

About This Property

A 0.835 acre site on busy Milwaukee Road directly across from Abt Electronics. B-2 zoning allows broad range of commercial uses. Average traffic counts exceed 35,000 cars per day.
Unit Size
-
Days on Market
-
Land Size
0.83 acres
Price per sqft
-
Property Type
Land
Property Taxes
$737
HOA Dues
-
Year Built
1949

Listed By

Brian Rieger
[email protected]
Berkshire Hathaway HomeServices Chicago
Jerry Doetsch
Berkshire Hathaway HomeServices Chicago

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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

Exterior Details
Lot Size Area: 36154.8
Lot Size Units: Square Feet
Lot Size Acres: 0.83
Lot Size Square Feet: 36154.8
Lot Size Dimensions: 139 X 260
Water Source: Municipal Water
Financial Details
Tax Annual Amount: $8,845

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 150
  • 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: 36,373
  • Total Building Area: 1,763
  • Gross Building Area: 1,763
  • Building Area: 1,763
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,763
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COUNTY CLERKS DIV
  • Land Acres: 0000000835
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03

Neighborhood

  • School District Name: Northfield Township High School District 225
  • Census Tract: 801607

Geography

  • District: 25
  • Parcel: 04-32-101-033-0000
  • Lot: 4
  • Meridian: SEC 32 TWN 42N RNG 12E
  • Municipality: NORTHFIELD
  • Latitude: 42.0789
  • Longitude: -87.8609

    Address

  • Full Address: 1223 Milwaukee Ave
  • Address - House Number: 1223
  • Address - Street Name: Milwaukee
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Glenview
  • Carrier Code: C045
  • 4-Digit Zip Code: 2425
  • Zip Code: 60025

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $884,489
  • Tax Rate Code Area: 25100

    Appraisal Valuation

  • Standard Deviation: 0.1817
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 76
  • Final Value: 576,386
  • High Value: 681,132
  • Low Value: 471,641

    Market Valuation

  • Market Total Value: $480,060
  • Market Land Value: $240,060
  • Market Improvement Value: $240,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $48,006
  • Assessed Land Value: $24,006
  • Assessed Improvements Value: $24,000
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 Glenview

Stats & Trends

Median Asking:

$749,500

Sale Price/ft²

$328

Below Asking

0.01%

Average Days on Market

41

Average Home Size

2879 ft²

Average Home Age

44.7 years

Currently For Sale

53 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

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MRED

Listed by: Brian Rieger, Berkshire Hathaway HomeServices Chicago
Data Source: MRED, MLS# MRD10912973
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 1223 Milwaukee Avenue built and last sold?
The property at 1223 Milwaukee Avenue was built in 1949 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1223 Milwaukee Avenue is $802,950.
What are some comparable homes to 1223 Milwaukee Avenue?
There are currently no comparable homes to 1223 Milwaukee Avenue.
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