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Mount Prospect 60056
1719 W algonquin Road
$140,000
● House - Off Market

1719 W algonquin Road

Mount Prospect, IL 60056
bedrooms
Studio
bathrooms
0 Bath
$150,251
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model

About This Property

A restaurant that every Korean/American knows is for sale now. Pure absentee owner management.
Unit Size
-
Days on Market
-
Land Size
0.05 acres
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1978

Payment Calculator

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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 #11809366)

Price History

Date / Event Date Event Price
Jun 15, 2023 Listed by Platinum Partners Realtors $150,000
Listed by Platinum Partners Realtors

Property Highlights

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Building Count: 1
  • Total Rooms: 24
  • Bedroom Count: 12
  • Bathroom Count: 9
  • Full Bathrooms: 6
  • Partial Bathrooms: 9
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 34
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 6
  • Business/Commerical Units Count: 36
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 11
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,514
  • Total Building Area: 6,210
  • Gross Building Area: 6,210
  • Building Area: 6,210
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 6,210
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MANSARD LAND CONDOS
  • Land Acres: 0000000310
  • Standard Land Use Code: 1112
  • County Land Use Code: 2-11

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 805107

Geography

  • District: 16
  • Parcel: 08-22-203-059-0000
  • Lot: 1
  • Meridian: SEC 22 TWN 41N RNG 11E
  • Municipality: ELK GROVE
  • Latitude: 42.0313
  • Longitude: -87.9631

    Address

  • Full Address: 1719 W Mansard Ln
  • Address - House Number: 1719
  • Street Direction: W
  • Address - Street Name: Mansard
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Mount Prospect
  • Carrier Code: C042
  • 4-Digit Zip Code: 5645
  • Zip Code: 60056

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,601,134
  • Tax Rate Code Area: 16048

    Appraisal Valuation

  • Standard Deviation: 0.1509
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 69
  • Final Value: 486,657
  • High Value: 560,110
  • Low Value: 413,203

    Market Valuation

  • Market Total Value: $640,000
  • Market Land Value: $148,650
  • Market Improvement Value: $491,350

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $64,000
  • Assessed Land Value: $14,865
  • Assessed Improvements Value: $49,135

    Sales

  • Current Sale Contract Date: Nov 02, 2004
  • Current Sale Recording Date: Nov 15, 2004
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 0432019047

    Financing

  • First Mortgage Financing Type: VAR
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 Mount Prospect

Stats & Trends

Median Asking:

$450,000

Sale Price/ft²

$266

Below Asking

0.01%

Average Days on Market

40

Average Home Size

1724 ft²

Average Home Age

55.9 years

Currently For Sale

96 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: Sang Han, Platinum Partners Realtors
Last Updated: 3 years ago
Data Source: MRED, MLS# 11809366
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 1719 West Algonquin Road built and last sold?
The property at 1719 West Algonquin Road was built in 1978 and last sold on Nov 2, 2004 for $0.
How much is this home worth?
The estimated value of the home located at 1719 West Algonquin Road is $0.
What are some comparable homes to 1719 West Algonquin Road?
There are currently no comparable homes to 1719 West Algonquin Road.
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