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Addison 60101
148 N May Street
$290,000
● House - Off Market

148 N May Street

Addison, IL 60101
bedrooms
5 Beds
bathrooms
2 Baths
square feet
3,362 Ft²
$363,606
RealtyHop Estimate
21.61%
Since May 1, 2021
National-US
Primary Model

About This Property

Lots of character in this charming Bungalow sited on big 74X149 lot with a long driveway. This property has lots of wooden elements in dining room and living room originally made in 1928. Bright kitchen with 42in cabinets. Second floor offers 3 generously sized bedrooms with bathroom which can be turned to in-law unit. Hardwood floors in all rooms. Plenty of storage space throughout home huge over-sized 2 car garage. Water heater, HVAC unit and windows replaced in 2019. New roof installed in 2018. This property is for sale as-is.
Unit Size
3,362 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$89
Property Type
House
Property Taxes
$513
HOA Dues
-
Year Built
1928

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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.

Last updated: 3 years ago (MRED MLS #10851621)

Price History

Date / Event Date Event Price
Apr 5, 2021 Sold
Premium
Sold
Sep 9, 2020 Listed by arhome realty $299,000
Listed by arhome realty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1928
  • Effective Year Built: 1928
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 6
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 3
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,345
  • Garage Type: 4
  • Garage Square Area: 600
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,890
  • Lot Size Depth Feet: 150
  • Lot Size Frontage Feet: 75
  • Total Building Area: 3,362
  • Gross Building Area: 3,362
  • Building Area: 2,017
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 2,017
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RITTMUELLERS ADD TO ADDISON
  • Land Acres: 0000000250
  • Standard Land Use Code: 1001
  • County Land Use Code: R
  • Legal Description 1: RITTMUELLERS ADD TO ADDISON

Neighborhood

  • School District Name: Addison School District 4
  • School Tax School District: ADDISON
  • Census Tract: 846603

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 2970-E5
  • Parcel: 03-28-110-029
  • Lot: 45
  • Municipality: ADDISON
  • Latitude: 41.9309
  • Longitude: -87.9926

    Address

  • Full Address: 148 N May St
  • Address - House Number: 148
  • Street Direction: N
  • Address - Street Name: May
  • Address - Suffix Type: St
  • State: IL
  • City Name: Addison
  • Carrier Code: C033
  • 4-Digit Zip Code: 3544
  • Zip Code: 60101

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $665,862
  • Tax Rate Code Area: 3033

    Appraisal Valuation

  • Standard Deviation: 0.1599
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 80
  • Final Value: 345,422
  • High Value: 400,665
  • Low Value: 290,179

    Market Valuation

  • Market Total Value: $289,230
  • Market Land Value: $102,510
  • Market Improvement Value: $186,720

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $96,410
  • Assessed Land Value: $34,170
  • Assessed Improvements Value: $62,240

    Sales

  • Current Sale Contract Date: Apr 01, 2021
  • Current Sale Recording Date: May 10, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2021-073788
  • Previous Sale Recording Date: Apr 12, 2004
  • Previous Sale Contract Date: Mar 31, 2004
  • Previous Sale Amount: $243,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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 Addison

Stats & Trends

Median Asking:

$399,950

Sale Price/ft²

$221

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1879 ft²

Average Home Age

40.8 years

Currently For Sale

49 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 17w163 Oak Lane, Bensenville, IL, 60106

$4,000 /mo

  • 3 Beds
  • 2 Baths
  • 2,225 ft²
17w163 Oak Lane, Bensenville, IL, 60106 Listing by John Szurzynski

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Pawel Gondek, arhome realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 10851621
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 148 North May Street built and last sold?
The property at 148 North May Street was built in 1928 and last sold on Apr 1, 2021 for $270,000.
How much is this home worth?
The estimated value of the home located at 148 North May Street is $301,990.
What are some comparable homes to 148 North May Street?
There are currently no comparable homes to 148 North May Street.
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