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Des Plaines 60018
1338 Earl Avenue
$305,000
● House - Off Market

1338 Earl Avenue

Des Plaines, IL 60018
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,294 Ft²
$299,181
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

Absolutely charming ranch home with fenced yard and 1 1/2 car garage. Could easily be converted to 3 bedrooms, currently two bedrooms with office in between.  Second bedroom being purposed as a family room. Beautifully updated kitchen.  Refinished hardwood floors throughout.  New washer and dryer.  Landscaped back yard has a variety of inviting gathering spaces.  Convenient location, close to schools, parks, O'Hare and highways. Close to award winning DP Park District facilities. House is in excellent condition and is sold As Is.
Unit Size
1,294 Ft²
Days on Market
-
Land Size
-
Price per sqft
$232
Property Type
House
Property Taxes
$348
HOA Dues
-
Year Built
1953

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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 #11801023)

Price History

Date / Event Date Event Price
Jul 21, 2023 Sold
Premium
Sold
Jun 24, 2023 Listed by Keller Williams ONEChicago $300,000
Listed by Keller Williams ONEChicago

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • 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: 100
  • 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: 7,150
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 550
  • Total Building Area: 1,294
  • Gross Building Area: 1,294
  • Building Area: 1,294
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,294
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MCINTOSH & COS DESPLAINES
  • Land Acres: 0000000164
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: ARTHUR T (MCINTOSH) & COS (DESPLAINES) HEIGHTS SUB BL K 10 OF NORRIE PARK SUBN PT E RR SE SEC 20 ALSO PT LYING E RR & S NORRI

Neighborhood

  • School District Name: Des Plaines Community Consolidated School District 62
  • Census Tract: 770601

Geography

  • District: 22
  • Parcel: 09-20-300-017-0000
  • Block: 4
  • Lot: 16
  • Meridian: SEC 21 TWN 41N RNG 12E
  • Municipality: MAINE
  • Latitude: 42.0284
  • Longitude: -87.9038

    Address

  • Full Address: 1338 Earl Ave
  • Address - House Number: 1338
  • Address - Street Name: Earl
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Des Plaines
  • Carrier Code: C037
  • 4-Digit Zip Code: 1408
  • Zip Code: 60018

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $606,715
  • Tax Rate Code Area: 22028

    Appraisal Valuation

  • Standard Deviation: 0.2313
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 345,166
  • High Value: 425,036
  • Low Value: 265,296

    Market Valuation

  • Market Total Value: $270,010
  • Market Land Value: $53,630
  • Market Improvement Value: $216,380

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $27,001
  • Assessed Land Value: $5,363
  • Assessed Improvements Value: $21,638

    Sales

  • Current Sale Contract Date: Jul 14, 2023
  • Current Sale Recording Date: Sep 15, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 41332
  • Previous Sale Recording Date: Jun 20, 2018
  • Previous Sale Contract Date: May 10, 2018
  • Previous Sale Amount: $216,500
  • 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

1661 ft²

Average Home Age

50.3 years

Currently For Sale

99 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 1337 Henry Street, Des Plaines, IL, 60016

$2,150 /mo

  • 1 Bed
  • 1 Bath
  • 1,000 ft²
1337 Henry Street #CH, Des Plaines, IL, 60016 Listing by Amy Ruminski
Unit for rent at 1781 Rand Road, Des Plaines, IL, 60016

$2,150 /mo

  • 3 Beds
  • 2 Baths
  • 950 ft²
1781 Rand Road #2A, Des Plaines, IL, 60016 Listing by Lenora Knudson

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Mary Childers, Keller Williams ONEChicago
Last Updated: 3 years ago
Data Source: MRED, MLS# 11801023
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 1338 Earl Avenue built and last sold?
The property at 1338 Earl Avenue was built in 1953 and last sold on Jul 14, 2023 for $305,000.
How much is this home worth?
The estimated value of the home located at 1338 Earl Avenue is $303,552.
What are some comparable homes to 1338 Earl Avenue?
There are currently no comparable homes to 1338 Earl Avenue.
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