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Wilmette 60091
1519 Central Avenue
$825,000
● Land - Off Market

1519 Central Avenue

Wilmette, IL 60091
bedrooms
Studio
bathrooms
0 Bath
$805,194
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Land
Property Taxes
$945
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 #11793499)

Price History

Date / Event Date Event Price
May 26, 2023 Sold
Premium
Sold
Apr 12, 2023 Listed by @properties Christie's International Real Estate $799,000
Listed by @properties Christie's International Real Estate

Property Highlights

Building Info

Overview

    General

  • Year Built: 1928
  • 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: 63
  • Exterior Walls Type: 17
  • 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: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,800
  • Lot Size Depth Feet: 1,560
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,708
  • Gross Building Area: 1,708
  • Building Area: 1,708
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,708
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: KINGS ADD TO WILMETTE
  • Land Acres: 0000000179
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-05
  • Legal Description 1: (KINGS) ADD TO (WILMETTE) A SUB OF PT OF SE NE SEC 33-42-13

Neighborhood

  • School District Name: New Trier Township High School District 203
  • Census Tract: 801100

Geography

  • District: 23
  • Parcel: 05-33-217-006-0000
  • Lot: 57
  • Meridian: SEC 33 TWN 42N RNG 13E
  • Municipality: NEW TRIER
  • Latitude: 42.0735
  • Longitude: -87.7155

    Address

  • Full Address: 1519 Central Ave
  • Address - House Number: 1519
  • Address - Street Name: Central
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Wilmette
  • Carrier Code: C048
  • 4-Digit Zip Code: 2401
  • Zip Code: 60091

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,328,245
  • Tax Rate Code Area: 23015

    Appraisal Valuation

  • Standard Deviation: 0.2274
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 835,219
  • High Value: 1,025,199
  • Low Value: 645,239

    Market Valuation

  • Market Total Value: $680,000
  • Market Land Value: $214,500
  • Market Improvement Value: $465,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $68,000
  • Assessed Land Value: $21,450
  • Assessed Improvements Value: $46,550

    Sales

  • Current Sale Contract Date: May 25, 2023
  • Current Sale Recording Date: May 31, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 41052
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 Wilmette

Stats & Trends

Median Asking:

$995,000

Sale Price/ft²

$409

Above Asking

0.00%

Average Days on Market

40

Average Home Size

2135 ft²

Average Home Age

42.4 years

Currently For Sale

30 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

Rentals Near You

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MRED

Listed by: Laura Fitzpatrick, @properties Christie's International Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11793499
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 1519 Central Avenue built and last sold?
The property at 1519 Central Avenue was built in 1928 and last sold on May 25, 2023 for $825,000.
How much is this home worth?
The estimated value of the home located at 1519 Central Avenue is $0.
What are some comparable homes to 1519 Central Avenue?
There are currently no comparable homes to 1519 Central Avenue.
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