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Wilmette 60091
1657 Sheridan Road
$180,000
● Land - Off Market

1657 Sheridan Road

Wilmette, IL 60091
bedrooms
Studio
bathrooms
0 Bath
$188,076
RealtyHop Estimate
4.49%
Since Mar 1, 2023
National-US
Primary Model

About This Property

This property is adjacent to 15,402 square feet of vacant land owned by a different owner and can be assembled to create approx 17,573 square feet
Unit Size
-
Days on Market
-
Land Size
0.05 acres
Price per sqft
-
Property Type
Land
Property Taxes
$525
HOA Dues
-
Year Built
1982

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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.

Last updated: 3 years ago (MRED MLS #10978907)

Price History

Date / Event Date Event Price
Feb 20, 2023 Sold
Premium
Sold
Jan 24, 2021 Listed by Lifestyle Properties $180,000
Listed by Lifestyle Properties

Property Highlights

Building Info

Overview

    General

  • Year Built: 1982
  • Effective Year Built: 1982
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 28
  • 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: 2,170
  • 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: C
  • Subdivision: GAGES SUB
  • Land Acres: 0000000500
  • Standard Land Use Code: 2000
  • County Land Use Code: 5-90
  • Legal Description 1: ANTOINETTE (GAGES) SUB OF LT 1 OF BLK 1 IN SUB OF BLK S 1-2 IN GAGES ADD TO WILMETTE & 40 FT W & ADJ TO W LINE OF BLK 2 IN SE

Neighborhood

  • School District Name: New Trier Township High School District 203
  • Census Tract: 801100

Geography

  • District: 23
  • Parcel: 05-27-201-010-0000
  • Block: 1,2
  • Lot: 1
  • Meridian: SEC 27 TWN 42N RNG 13E
  • Municipality: NEW TRIER
  • Latitude: 42.088
  • Longitude: -87.7025

    Address

  • Full Address: 1657 Sheridan Rd
  • Address - House Number: 1657
  • Address - Street Name: Sheridan
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Wilmette
  • Zip Code: 60091

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $593,212
  • Tax Rate Code Area: 23015

    Market Valuation

  • Market Total Value: $110,484
  • Market Land Value: $108,500
  • Market Improvement Value: $1,984

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $27,621
  • Assessed Land Value: $27,125
  • Assessed Improvements Value: $496

    Sales

  • Current Sale Contract Date: Jan 17, 2023
  • Current Sale Recording Date: Feb 03, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 13098
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 Wilmette

Stats & Trends

Median Asking:

$995,000

Sale Price/ft²

$417

Above Asking

0.00%

Average Days on Market

40

Average Home Size

2122 ft²

Average Home Age

46.3 years

Currently For Sale

36 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: Steven Cotsirilos, Lifestyle Properties
Last Updated: 3 years ago
Data Source: MRED, MLS# 10978907
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 1657 Sheridan Road built and last sold?
The property at 1657 Sheridan Road was built in 1982 and last sold on Jan 17, 2023 for $180,000.
How much is this home worth?
The estimated value of the home located at 1657 Sheridan Road is $181,800.
What are some comparable homes to 1657 Sheridan Road?
There are currently no comparable homes to 1657 Sheridan Road.
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