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Mount Prospect 60056
1413 N Park Drive
$444,000
● House - Off Market

1413 N Park Drive

Mount Prospect, IL 60056
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,384 Ft²
$3,003
Est. Monthly
8.22%
Cap Rate

About This Property

Welcome to this spacious and beautiful well maintained 4 bedroom home in Mount Prospect! The expansive living room features a lovely fireplace, large window, and dramatic vaulted ceiling. Relax in the family room with gleaming floors and patio doors leading to the beautifully landscaped large yard. All four bedrooms are on the second level with two full baths. Finished sub basement with additional living area and a bonus room that can be used as a den or office. Kitchen was redone in 2023, Cement patio/brick siding in yard 2023, Roof 2016. Make your appointment today!
Unit Size
1,384 Ft²
Days on Market
-
Land Size
-
Price per sqft
$334
Property Type
House
Property Taxes
$734
HOA Dues
-
Year Built
1963

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Cap Rate Calculator

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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

Air Conditioning
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • 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: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,140
  • Total Building Area: 1,384
  • Gross Building Area: 1,384
  • Building Area: 1,384
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,384
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WOODVIEW MANOR UNIT1
  • Land Acres: 0000000233
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-34
  • Legal Description 1: (WOODVIEW) (MANOR) (UNIT1) SUB IN NH NE SEC 25-42-11

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 802605

Geography

  • District: 38
  • Parcel: 03-25-211-007-0000
  • Lot: 30
  • Meridian: SEC 25 TWN 42N RNG 11E
  • Municipality: WHEELING
  • Latitude: 42.0931
  • Longitude: -87.8917

    Address

  • Full Address: 1413 N Park Dr
  • Legal Unit: 1
  • Address - House Number: 1413
  • Street Direction: N
  • Address - Street Name: Park
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Mount Prospect
  • Carrier Code: C096
  • 4-Digit Zip Code: 1759
  • Zip Code: 60056

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $880,828
  • Tax Rate Code Area: 38044

    Appraisal Valuation

  • Standard Deviation: 0.1011
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 90
  • Final Value: 448,114
  • High Value: 493,422
  • Low Value: 402,806

    Market Valuation

  • Market Total Value: $340,000
  • Market Land Value: $91,260
  • Market Improvement Value: $248,740

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $34,000
  • Assessed Land Value: $9,126
  • Assessed Improvements Value: $24,874

    Sales

  • Current Sale Contract Date: May 23, 2009
  • Current Sale Recording Date: Apr 26, 2010
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1011655007
  • Previous Sale Recording Date: Apr 02, 1996
  • Previous Sale Contract Date: Mar 27, 1996
  • Previous Sale Amount: $173,500
  • 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 Mount Prospect

Stats & Trends

Median Asking:

$450,000

Sale Price/ft²

$266

Below Asking

0.01%

Average Days on Market

39

Average Home Size

1814 ft²

Average Home Age

57.4 years

Currently For Sale

75 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 1807 N Larch Drive, Mount Prospect, IL, 60056

$3,895 /mo

  • 3 Beds
  • 2 Baths
  • 1,904 ft²
1807 N Larch Drive, Mount Prospect, IL, 60056 Listing by Connie Hoos

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Rita Baba, Redfin Corporation
Data Source: MRED, MLS# MRD12001663
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 1413 North Park Drive built and last sold?
The property at 1413 North Park Drive was built in 1963 and last sold on May 23, 2009 for $310,000.
How much is this home worth?
The estimated value of the home located at 1413 North Park Drive is $0.
What are some comparable homes to 1413 North Park Drive?
There are currently no comparable homes to 1413 North Park Drive.
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