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Hanover Park 60133
1640 Edison Circle
$355,000
● House - Off Market

1640 Edison Circle

Hanover Park, IL 60133
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,875 Ft²
$2,245
Est. Monthly
9.52%
Cap Rate

About This Property

Welcome to this stunning split-level home nestled in a peaceful cul-de-sac. This immaculately maintained residence boasts a modern kitchen and bathrooms, a spacious family/recreation room, and an elegant formal dining room with a sliding glass door that opens to a delightful patio overlooking the expansive backyard. With move-in ready condition, this home is ready to be cherished by its new owners.
Unit Size
1,875 Ft²
Days on Market
-
Land Size
-
Price per sqft
$186
Property Type
House
Property Taxes
$531
HOA Dues
-
Year Built
1971

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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 #11938208)

Price History

Date / Event Date Event Price
Feb 9, 2024 Sold
Premium
Sold
Nov 28, 2023 Listed by Compass $349,000
Listed by Compass

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,276
  • Total Building Area: 1,872
  • Gross Building Area: 1,212
  • Building Area: 1,212
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,212
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GREENBROOK
  • Land Acres: 0000000190
  • Standard Land Use Code: 1001
  • County Land Use Code: R
  • Legal Description 1: GREENBROOK UNIT 1

Neighborhood

  • School District Name: School District U-46
  • School Tax School District: DISTRICT 46
  • Census Tract: 841315

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 2911-D5
  • Parcel: 01-01-410-010
  • Lot: 38
  • Municipality: WAYNE
  • Latitude: 41.9757
  • Longitude: -88.1472

    Address

  • Full Address: 1640 Edison Cir
  • Legal Unit: 1
  • Address - House Number: 1640
  • Address - Street Name: Edison
  • Address - Suffix Type: Cir
  • State: IL
  • City Name: Hanover Park
  • Carrier Code: C071
  • 4-Digit Zip Code: 5358
  • Zip Code: 60133

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $636,636
  • Tax Rate Code Area: 1015

    Appraisal Valuation

  • Standard Deviation: 0.0816
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 93
  • Final Value: 345,926
  • High Value: 374,154
  • Low Value: 317,698

    Market Valuation

  • Market Total Value: $248,760
  • Market Land Value: $88,530
  • Market Improvement Value: $160,230

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $82,920
  • Assessed Land Value: $29,510
  • Assessed Improvements Value: $53,410

    Sales

  • Current Sale Contract Date: Feb 05, 2024
  • Current Sale Recording Date: Feb 12, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7508
  • Previous Sale Recording Date: Jun 01, 1994
  • Previous Sale Contract Date: Nov 19, 1993
  • Previous Sale Amount: $127,000
  • Previous Sale Document Type: 21
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 Hanover Park

Stats & Trends

Median Asking:

$348,900

Sale Price/ft²

$232

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1488 ft²

Average Home Age

47.7 years

Currently For Sale

32 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 1839 Mckool Avenue, Streamwood, IL, 60107

$3,350 /mo

  • 4 Beds
  • 1 Bath
  • 1,400 ft²
1839 Mckool Avenue #1839, Streamwood, IL, 60107 Listing by Shay Thakkar

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Trung Duong, Compass
Last Updated: 3 years ago
Data Source: MRED, MLS# 11938208
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 1640 Edison Circle built and last sold?
The property at 1640 Edison Circle was built in 1971 and last sold on Feb 5, 2024 for $355,000.
How much is this home worth?
The estimated value of the home located at 1640 Edison Circle is $354,811.
What are some comparable homes to 1640 Edison Circle?
There are currently no comparable homes to 1640 Edison Circle.
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