1337 W Meyer Drive
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 5, 2022 | Sold | ||
| Sold | |||
| Jul 24, 2021 | No longer available | - | |
| No longer available | |||
| Jul 22, 2021 | Listed by Keller Williams ONEChicago | $530,000 | |
| Listed by Keller Williams ONEChicago | |||
| Jun 25, 2021 | Listed by Keller Williams ONEChicago | $530,000 | |
| Listed by Keller Williams ONEChicago | |||
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This beautifully appointed home is perfect for a large family, multigenerational living, or in-law arrangement. Entering the residence, you will be inspired by the soaring ceiling height, bright sunlight, and gleaming hardwood flooring and trim. Featuring a spacious island kitchen open to the living room with a gas burning fireplace, perfect for entertaining family and friends. Sliding glass doors overlook a sizable raised brick patio and fenced rear yard. The home's second level features 4 generous sized bedrooms, with walk in closets, and new wall to wall carpet. The primary suite features its own private ensuite bathroom with dual sinks, jacuzzi tub and separate shower. Walk down to the fully finished basement and enjoy the 5th bedroom, another full bathroom with a steam shower, and kitchenette featuring custom built cabinetry. The 2.5 car attached garage showcases newly finished epoxy flooring to be appreciated by the car enthusiast. Recently installed eco-friendly solar panels allow for energy efficiency and near "0" electric bills. Centrally located in the Village of Addison just minutes from Expressways 355 and 290, and a quick drive to O'Hare Airport. Nearby conveniences include Sam's Club, Walmart, numerous restaurants, hotels, coffee shops, and a short walk to Centennial Park, movie theater, and Gym. The manager has listed the unit size as 3600 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017