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Des Plaines 60016
165 Lance Drive
$520,000
● House - Off Market

165 Lance Drive

Des Plaines, IL 60016
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,606 Ft²
$3,175
Est. Monthly
9.65%
Cap Rate
Unit Size
2,606 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$199
Property Type
House
Property Taxes
$626
HOA Dues
-
Year Built
1966

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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

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 60
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,750
  • Lot Size Depth Feet: 620
  • Lot Size Frontage Feet: 1,250
  • Total Building Area: 1,962
  • Gross Building Area: 1,962
  • Building Area: 1,962
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,962
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: KUNTZES HIGH RIDGE KNOLLS UNIT8
  • Land Acres: 0000000178
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-07
  • Legal Description 1: (KUNTZES) HIGH RIDGE (KNOLLS) (UNIT8) RESUB OF PT OF WH OF LT 6 IN OWNERS SUB IN SEC 13 SEC 13-41-11

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 804902

Geography

  • District: 16
  • Parcel: 08-13-425-013-0000
  • Lot: 6
  • Meridian: SEC 13 TWN 41N RNG 11E
  • Municipality: ELK GROVE
  • Latitude: 42.0386
  • Longitude: -87.926

    Address

  • Full Address: 165 Lance Dr
  • Legal Unit: 8
  • Address - House Number: 165
  • Address - Street Name: Lance
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Des Plaines
  • Carrier Code: C050
  • 4-Digit Zip Code: 2625
  • Zip Code: 60016

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $795,655
  • Tax Rate Code Area: 16042

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 466,583
  • High Value: 573,123
  • Low Value: 360,043

    Market Valuation

  • Market Total Value: $390,000
  • Market Land Value: $69,750
  • Market Improvement Value: $320,250

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $39,000
  • Assessed Land Value: $6,975
  • Assessed Improvements Value: $32,025

    Sales

  • Current Sale Contract Date: Mar 28, 1996
  • Current Sale Recording Date: May 13, 1996
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 96359797
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

1645 ft²

Average Home Age

52.3 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

Rentals Near You

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MRED

Listed by: Sheena Gutierrez, Keller Williams Realty Ptnr,LL
Data Source: MRED, MLS# MRD12374618
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 165 Lance Drive built and last sold?
The property at 165 Lance Drive was built in 1966 and last sold on Mar 28, 1996 for $217,000.
How much is this home worth?
The estimated value of the home located at 165 Lance Drive is $0.
What are some comparable homes to 165 Lance Drive?
There are currently no comparable homes to 165 Lance Drive.
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