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Park Ridge 60068 Park Ridge
1439 Hoffman Avenue
$399,000
● House - Off Market

1439 Hoffman Avenue

Park Ridge, IL 60068
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,500 Ft²
$2,518
Est. Monthly
9.75%
Cap Rate

About This Property

Brick Georgian with family room and primary bedroom addition.  Large fenced yard. 4 bedrooms, 1.5 baths, dual zoned furnaces. Great NW Park Ridge location.   Hardwood floors, unfinished basement. Sold AS IS/AS IT
Unit Size
1,500 Ft²
Days on Market
-
Land Size
-
Price per sqft
$266
Property Type
House
Property Taxes
$558
HOA Dues
-
Year Built
1954

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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

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 60
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 11
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,620
  • Lot Size Depth Feet: 1,310
  • Lot Size Frontage Feet: 350
  • Total Building Area: 1,432
  • Gross Building Area: 1,432
  • Building Area: 1,432
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,432
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: 1ST ADDT PETER M HOFFMANS G
  • Land Acres: 0000000106
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-05
  • Legal Description 1: L53 1ST ADDT TO PETER M HOFFMANS GR EATER PARK RIDGE SUBD S90RD W1/2 N W1/4 S22 T41N R12E

Neighborhood

  • School District Name: Park Ridge Consolidated Community School District 64
  • Census Tract: 805901

Geography

  • District: 22
  • Parcel: 09-22-112-003-0000
  • Lot: 53
  • Meridian: SEC 22 TWN 41N RNG 12E
  • Municipality: MAINE
  • Latitude: 42.0335
  • Longitude: -87.8609

    Address

  • Full Address: 1439 Hoffman Ave
  • Address - House Number: 1439
  • Address - Street Name: Hoffman
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Park Ridge
  • Carrier Code: C045
  • 4-Digit Zip Code: 1323
  • Zip Code: 60068

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $639,230
  • Tax Rate Code Area: 22031

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 372,107
  • High Value: 457,074
  • Low Value: 287,140

    Market Valuation

  • Market Total Value: $280,000
  • Market Land Value: $60,060
  • Market Improvement Value: $219,940

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $28,000
  • Assessed Land Value: $6,006
  • Assessed Improvements Value: $21,994

    Sales

  • Current Sale Contract Date: Dec 10, 1993
  • Current Sale Recording Date: Dec 22, 1993
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 03056145
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 Park Ridge

Stats & Trends

Median Asking:

$600,000

Sale Price/ft²

$296

Below Asking

0.01%

Average Days on Market

43

Average Home Size

2085 ft²

Average Home Age

57.4 years

Currently For Sale

62 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 431 N Northwest Highway, Park Ridge, IL, 60068

$4,200 /mo

  • 3 Beds
  • 3 Baths
  • 2,100 ft²
431 N Northwest Highway #B, Park Ridge, IL, 60068 Listing by Srdan Sterleman

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Scott Fishman, Worth Clark Realty
Data Source: MRED, MLS# MRD12297317
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 1439 Hoffman Avenue built and last sold?
The property at 1439 Hoffman Avenue was built in 1954 and last sold on Dec 10, 1993 for $114,666.
How much is this home worth?
The estimated value of the home located at 1439 Hoffman Avenue is $408,722.
What are some comparable homes to 1439 Hoffman Avenue?
There are currently no comparable homes to 1439 Hoffman Avenue.
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