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Will 60586
16402 S Mcgrath Drive
$411,000
● House - Off Market

16402 S Mcgrath Drive

Plainfield, IL 60586
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,662 Ft²
$2,440
Est. Monthly
6.71%
Cap Rate
Unit Size
1,662 Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$234
Property Type
House
Property Taxes
$529
HOA Dues
-
Year Built
1990

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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

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1990
  • 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 Count: 100
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,522
  • Garage Type: 4
  • Garage Square Area: 864
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,500
  • Total Building Area: 3,044
  • Building Area: 1,522
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 1,522
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: A ACRES
  • Land Acres: 0000000360
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 115 IN LILY CACHE ACRES UNIT 5, A SUB IN PRT OF THE E1/2 OF THE SE1/4 OF SEC 22, T36N-R9E.

Neighborhood

  • School District Name: Plainfield School District 202
  • Census Tract: 880421

Geography

  • Parcel: 06-03-22-400-023
  • Lot: 115
  • Meridian: SEC 22 TWN 36N RNG 09E
  • Municipality: PLAINFIELD
  • Latitude: 41.5851
  • Longitude: -88.1864

    Address

  • Full Address: 16402 S Mcgrath Dr
  • Legal Unit: 5
  • Address - House Number: 16402
  • Street Direction: S
  • Address - Street Name: Mcgrath
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Plainfield
  • Carrier Code: R020
  • 4-Digit Zip Code: 9047
  • Zip Code: 60586

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $534,290
  • Tax Rate Code Area: 0604

    Appraisal Valuation

  • Standard Deviation: 0.1438
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 82
  • Final Value: 325,081
  • High Value: 371,853
  • Low Value: 278,310

    Market Valuation

  • Market Total Value: $242,514
  • Market Land Value: $60,102
  • Market Improvement Value: $182,412

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $80,838
  • Assessed Land Value: $20,034
  • Assessed Improvements Value: $60,804

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 28, 2023
  • Current Sale Recording Date: Apr 10, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 16650
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 Will

Stats & Trends

Median Asking:

$389,900

Sale Price/ft²

$204

Below Asking

0.01%

Average Days on Market

47

Average Home Size

2371 ft²

Average Home Age

32.9 years

Currently For Sale

1534 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 2551 Oak Tree Lane, Plainfield, IL, 60586

$2,700 /mo

  • 3 Beds
  • 1 Bath
  • 1,271 ft²
2551 Oak Tree Lane #2551, Plainfield, IL, 60586 Listing by Miguel Tineo
Unit for rent at 23927 Mcmullin Circle, Plainfield, IL, 60586

$2,900 /mo

  • 3 Beds
  • 3 Baths
  • 2,575 ft²
23927 Mcmullin Circle, Plainfield, IL, 60586 Listing by Lucia Demidetchi

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Stephanie Curran, Keller Williams Inspire - Geneva
Data Source: MRED, MLS# MRD12464598
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 16402 South McGrath Drive built and last sold?
The property at 16402 South McGrath Drive was built in 1990 and last sold on Mar 28, 2023 for $320,000.
How much is this home worth?
The estimated value of the home located at 16402 South McGrath Drive is $390,947.
What are some comparable homes to 16402 South McGrath Drive?
There are currently no comparable homes to 16402 South McGrath Drive.
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