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Des Plaines 60018
1540 S Wolf Road
$105,000
● Land - Off Market

1540 S Wolf Road

Des Plaines, IL 60018
bedrooms
Studio
bathrooms
0 Bath
$132,840
RealtyHop Estimate
2.98%
Since Apr 1, 2022
National-US
Primary Model

About This Property

Don't miss this opportunity. Lot is zoned for R-1. Vacant lot size is 166.9x124.2x167x124.5 on .479 acres. Can be subdivided into two lots for residential or multifamily unit if converted to R-3.
Unit Size
-
Days on Market
-
Land Size
0.48 acres
Price per sqft
-
Property Type
Land
Property Taxes
$398
HOA Dues
-
Year Built
-

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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 #10951724)

Price History

Date / Event Date Event Price
Mar 25, 2022 Sold
Premium
Sold
Dec 11, 2020 Listed by @properties Christie�s International Real Estate $129,000
Listed by @properties Christie�s International Real Estate

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,875
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: HOMELAND ACRES
  • Land Acres: 0000000479
  • Standard Land Use Code: 8000
  • County Land Use Code: 1-00

Neighborhood

  • School District Name: Des Plaines Community Consolidated School District 62
  • Census Tract: 770601

Geography

  • District: 22
  • Parcel: 09-19-407-016-0000
  • Meridian: SEC 19 TWN 41N RNG 12E
  • Municipality: MAINE
  • Latitude: 42.0241
  • Longitude: -87.9095

    Address

  • Full Address: 1540 S Wolf Rd
  • Address - House Number: 1540
  • Street Direction: S
  • Address - Street Name: Wolf
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Des Plaines
  • Carrier Code: C001
  • 4-Digit Zip Code: 1306
  • Zip Code: 60018

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $456,552
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 22028

    Market Valuation

  • Market Total Value: $177,440
  • Market Land Value: $177,440

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $17,744
  • Assessed Land Value: $17,744

    Sales

  • Current Sale Contract Date: Feb 04, 2022
  • Current Sale Recording Date: Apr 15, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2210513251
  • Previous Sale Recording Date: Apr 15, 2022
  • Previous Sale Contract Date: Feb 04, 2022
  • Previous Sale Amount: $105,000
  • 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

1654 ft²

Average Home Age

53.4 years

Currently For Sale

110 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

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MRED

Listed by: Maria DelBoccio, @properties Christie�s International Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 10951724
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 1540 South Wolf Road built and last sold?
The property at 1540 South Wolf Road was built in and last sold on Feb 4, 2022 for $105,000.
How much is this home worth?
The estimated value of the home located at 1540 South Wolf Road is $0.
What are some comparable homes to 1540 South Wolf Road?
There are currently no comparable homes to 1540 South Wolf Road.
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