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Lake 60002
17320 W IL. Route 173
$120,000
● Land - Off Market

17320 W IL. Route 173

Wadsworth, IL 60083
bedrooms
Studio
bathrooms
0 Bath
$1,102
Est. Monthly

About This Property

4.83 Wooded Acreage Unincorporated Wadsworth on the North Side of Rosecrans Rd "Rt 173" West of the Tollway. Per 2007 Gateway Economic Development Plan Which Will Expire 11/2026 & Is Up for 20 Yr. Renewal, This Property Is In The Northwest Quadrant That Has a Conceptual Land Use Mix of 21% Retail/Service, 21% Office/Research Purposed To Be On Rt 173 and 57% Will be Designated For Residential Use With the Minimum Lot Size of 2 acres. Home Built in 1970 Was Demolished in 2023. House Had Well, Septic, Gas & Electric. There Is Small Cleared Path Off of 173 To Park Car & Walk the Property. Property Taxes Are Based Upon a Assessor Value of $165,000. That Can Be Lowered with Fully Executed Sales Contract.
Unit Size
-
Days on Market
-
Land Size
4.83 acres
Price per sqft
-
Property Type
Land
Property Taxes
$464
HOA Dues
-
Year Built
1970

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Cap Rate Calculator

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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

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: 4
  • Building Quality: 13
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 8
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 210,438
  • Total Building Area: 1,638
  • Gross Building Area: 1,854
  • Building Area: 1,854
  • Building Area Measurement: R

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,638
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: PT SW
  • Land Acres: 0000004831
  • Standard Land Use Code: 8001
  • County Land Use Code: 30
  • Legal Description 1: PT SW1/4 NE1/4; S 331.12 (EX W 371.2 & EX PT TKN FOR RD PE R DOC 1711947 & EX TOLL RD T-13B-59 & EX PT DAFS, BEG AT INT ERSECTION E LN SW1/4 NE1/4 WI N LN TOLL RD, N89D2256W 330.

Neighborhood

  • School District Name: Zion-Benton Township High School District 126
  • Census Tract: 866000

Geography

  • District: NEWPORT
  • Section: 17
  • Parcel: 03-17-200-020
  • Meridian: SEC 14 TWN 46N RNG 11E
  • Municipality: TWP OF NEWPORT
  • Latitude: 42.4661
  • Longitude: -87.9702

    Address

  • Full Address: 17320 W Il Route 173
  • Address - House Number: 17320
  • Street Direction: W
  • Address - Street Name: Il Route 173
  • State: IL
  • City Name: Wadsworth
  • Zip Code: 60083

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $464,570
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 3008

    Market Valuation

  • Market Total Value: $145,554
  • Market Land Value: $145,554

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $48,513
  • Assessed Land Value: $48,513

    Sales

  • Current Sale Contract Date: Jun 12, 2013
  • Current Sale Recording Date: Jul 29, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 55
  • Current Sale Input Document Number: 7019216
  • Previous Sale Recording Date: Jun 06, 2013
  • Previous Sale Contract Date: May 08, 2013
  • Previous Sale Amount: $125,000
  • Previous Sale Document Type: 55
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 Lake

Stats & Trends

Median Asking:

$425,000

Sale Price/ft²

$224

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2589 ft²

Average Home Age

42.9 years

Currently For Sale

1240 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

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Currently no similar homes around

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MRED

Listed by: Donald Marcus, @properties Christie's International Real Estate
Data Source: MRED, MLS# MRD12502117
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 17320 West State Rte 173 built and last sold?
The property at 17320 West State Rte 173 was built in 1970 and last sold on Jun 12, 2013 for $125,000.
How much is this home worth?
The estimated value of the home located at 17320 West State Rte 173 is $0.
What are some comparable homes to 17320 West State Rte 173?
There are currently no comparable homes to 17320 West State Rte 173.
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