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Des Plaines 60018
1385 Phoenix Drive
$325,000
● House - Off Market

1385 Phoenix Drive

Des Plaines, IL 60018
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,049 Ft²
$352,725
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

Tri level, 3 Bedroom, 2 Bath, Dining and living room with wood frame bay windows, lower level has huge room that can be used as a big bedroom or a big family room, and in the same level, very wide utility/laundry room with sink are combined with insulated windows, and very spacious concrete crawl space for lots of storage.  This house also has a Florida room where you can enjoy and relax and have fun at the big backyard and deck for picnics or some family gathering. Owners have not experienced any flooding and the house was constructed high enough not to be affected by flood. The floor plan is open for updates with options to create open concept to make living room more wide and spacious.  Detached garage and long concrete driveway for lots of parking space.
Unit Size
2,049 Ft²
Days on Market
-
Land Size
-
Price per sqft
$171
Property Type
House
Property Taxes
$520
HOA Dues
-
Year Built
1963

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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 #11370307)

Price History

Date / Event Date Event Price
May 31, 2022 Sold
Premium
Sold
Apr 12, 2022 Listed by RE/MAX Showcase $350,000
Listed by RE/MAX Showcase

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: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,245
  • Total Building Area: 1,219
  • Gross Building Area: 1,219
  • Building Area: 1,219
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,219
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ZEMONS CAPITAL HILL SUBDIVISIO
  • Land Acres: 0000000166
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-34
  • Legal Description 1: PART SW4 SE4 SEC24 PART NW4SE4 S24 T41N R11E 3P

Neighborhood

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

Geography

  • District: 16
  • Parcel: 08-24-409-036-0000
  • Lot: 134
  • Meridian: SEC 24 TWN 41N RNG 11E
  • Municipality: ELK GROVE
  • Latitude: 42.0273
  • Longitude: -87.9274

    Address

  • Full Address: 1385 Phoenix Dr
  • Address - House Number: 1385
  • Address - Street Name: Phoenix
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Des Plaines
  • Carrier Code: C032
  • 4-Digit Zip Code: 1124
  • Zip Code: 60018

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $716,565
  • Tax Rate Code Area: 16042

    Appraisal Valuation

  • Standard Deviation: 0.2313
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 360,224
  • High Value: 443,578
  • Low Value: 276,870

    Market Valuation

  • Market Total Value: $330,010
  • Market Land Value: $65,210
  • Market Improvement Value: $264,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $33,001
  • Assessed Land Value: $6,521
  • Assessed Improvements Value: $26,480

    Sales

  • Current Sale Contract Date: May 24, 2022
  • Current Sale Recording Date: Jun 10, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 21304
  • Previous Sale Recording Date: Oct 05, 2000
  • Previous Sale Contract Date: Aug 23, 2000
  • Previous Sale Amount: $242,000
  • 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

1629 ft²

Average Home Age

51.7 years

Currently For Sale

112 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 529 E Lincoln Street, Mount Prospect, IL, 60056

$2,700 /mo

  • 3 Beds
  • 1 Bath
529 E Lincoln Street, Mount Prospect, IL, 60056 Listing by Claudiu Popescu

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Helen Santos, RE/MAX Showcase
Last Updated: 3 years ago
Data Source: MRED, MLS# 11370307
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 1385 Phoenix Drive built and last sold?
The property at 1385 Phoenix Drive was built in 1963 and last sold on May 24, 2022 for $325,000.
How much is this home worth?
The estimated value of the home located at 1385 Phoenix Drive is $363,662.
What are some comparable homes to 1385 Phoenix Drive?
There are currently no comparable homes to 1385 Phoenix Drive.
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