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Des Plaines 60018
1291 Phoenix Drive
$400,000
● House - Off Market

1291 Phoenix Drive

Des Plaines, IL 60018
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,273 Ft²
$2,663
Est. Monthly
6.12%
Cap Rate

About This Property

Charming 3 bedroom, 2.1-bathroom ranch home offering great potential.  Features include a spacious layout, a full finished basement, and a convenient 1-car attached garage.  Enjoy outdoor living on the rear patio.  Home needs some work but  provides an excellent opportunity to update and customize to your taste.    Property being sold in AS IS condition, no surveys nor disclosures, taxes prorated.
Unit Size
1,273 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$311
Property Type
House
Property Taxes
$718
HOA Dues
-
Year Built
1963

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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

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • 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: 3
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,294
  • Total Building Area: 1,273
  • Gross Building Area: 1,273
  • Building Area: 1,273
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,273
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ZEMONS CAPITAL HILL SUB UNIT2
  • Land Acres: 0000000190
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (ZEMONS) (CAPITAL) HILL SUB (UNIT2) PT OF NW SE & PT SW NE WH SEC 24-41-11

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 805112

Geography

  • District: 16
  • Parcel: 08-24-409-044-0000
  • Lot: 34
  • Meridian: SEC 24 TWN 41N RNG 11E
  • Municipality: ELK GROVE
  • Latitude: 42.0287
  • Longitude: -87.9273

    Address

  • Full Address: 1291 Phoenix Dr
  • Legal Unit: 2
  • Address - House Number: 1291
  • Address - Street Name: Phoenix
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Des Plaines
  • Carrier Code: C032
  • 4-Digit Zip Code: 1122
  • Zip Code: 60018

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $823,653
  • Tax Rate Code Area: 16042

    Appraisal Valuation

  • Standard Deviation: 0.1011
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 90
  • Final Value: 487,733
  • High Value: 537,046
  • Low Value: 438,419

    Market Valuation

  • Market Total Value: $340,000
  • Market Land Value: $74,650
  • Market Improvement Value: $265,350

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $34,000
  • Assessed Land Value: $7,465
  • Assessed Improvements Value: $26,535

    Sales

  • Current Sale Contract Date: Feb 15, 2021
  • Current Sale Recording Date: Apr 02, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2109203004
  • Previous Sale Recording Date: Dec 31, 2003
  • Previous Sale Contract Date: Dec 18, 2003
  • Previous Sale Amount: $257,000
  • Previous Sale Document Type: 71
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 Des Plaines

Stats & Trends

Median Asking:

$400,000

Sale Price/ft²

$250

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1643 ft²

Average Home Age

53.8 years

Currently For Sale

108 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 2209 Douglas Avenue, Des Plaines, IL, 60018

$2,850 /mo

  • 3 Beds
  • 4 Baths
  • 1,422 ft²
2209 Douglas Avenue, Des Plaines, IL, 60018 Listing by Zeeshan Bhimji

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Michael Olszewski, Area Wide Realty
Data Source: MRED, MLS# MRD12483454
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 1291 Phoenix Drive built and last sold?
The property at 1291 Phoenix Drive was built in 1963 and last sold on Feb 15, 2021 for $270,000.
How much is this home worth?
The estimated value of the home located at 1291 Phoenix Drive is $397,514.
What are some comparable homes to 1291 Phoenix Drive?
There are currently no comparable homes to 1291 Phoenix Drive.
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