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McHenry 60050
1642 N Riverside Drive
$565,000
● House - Off Market

1642 N Riverside Drive

McHenry, IL 60050
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,329 Ft²
$556,274
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model
Unit Size
2,329 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$236
Property Type
House
Property Taxes
$1,031
HOA Dues
-
Year Built
1925

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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
With View

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 2
  • Exterior Walls Type: 23
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,554
  • Garage Type: 7
  • Garage Square Area: 630
  • Parking Space Count: 2
  • Patio Type: 79
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,602
  • Total Building Area: 3,496
  • Building Area: 2,215
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,329
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: E B CROOKS SUB
  • Land Acres: 0000000408
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2022R0033478 LT 7 /EX SW 16FT/ E B CROOKS SUB

Neighborhood

  • School District Name: McHenry Community High School District 156
  • Census Tract: 870604

Geography

  • Parcel: 09-26-279-006
  • Block: 279
  • Lot: 7
  • Municipality: MCHENRY TWP
  • Latitude: 42.3511
  • Longitude: -88.2581

    Address

  • Full Address: 1642 N Riverside Dr
  • Address - House Number: 1642
  • Street Direction: N
  • Address - Street Name: Riverside
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Mchenry
  • Carrier Code: C009
  • 4-Digit Zip Code: 4518
  • Zip Code: 60050

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $865,936
  • Tax Rate Code Area: 09001

    Appraisal Valuation

  • Standard Deviation: 0.151
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 81
  • Final Value: 377,143
  • High Value: 434,098
  • Low Value: 320,187

    Market Valuation

  • Market Total Value: $290,463
  • Market Land Value: $107,397
  • Market Improvement Value: $183,066

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $96,821
  • Assessed Land Value: $35,799
  • Assessed Improvements Value: $61,022

    Sales

  • Current Sale Contract Date: May 21, 2022
  • Current Sale Recording Date: Jun 03, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 19985
  • Previous Sale Recording Date: Sep 14, 2004
  • Previous Sale Contract Date: Aug 27, 2004
  • Previous Sale Amount: $625,000
  • Previous Sale Document Type: 27
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 McHenry

Stats & Trends

Median Asking:

$375,000

Sale Price/ft²

$199

Below Asking

0.01%

Average Days on Market

43

Average Home Size

2489 ft²

Average Home Age

35.5 years

Currently For Sale

650 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 2302 Manor Lane, McHenry, IL, 60051

$2,750 /mo

  • 3 Beds
  • 1 Bath
  • 1,200 ft²
2302 Manor Lane, McHenry, IL, 60051 Listing by Sarah Leonard

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Shawn Strach, Dream Real Estate, Inc.
Data Source: MRED, MLS# MRD11394651
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 1642 North Riverside Drive built and last sold?
The property at 1642 North Riverside Drive was built in 1925 and last sold on May 21, 2022 for $565,000.
How much is this home worth?
The estimated value of the home located at 1642 North Riverside Drive is $0.
What are some comparable homes to 1642 North Riverside Drive?
There are currently no comparable homes to 1642 North Riverside Drive.
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