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Des Plaines 60018
1741 Central Avenue
$335,000
● House - Off Market

1741 Central Avenue

Des Plaines, IL 60018
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,310 Ft²
$377,551
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model

About This Property

Lovely 3 bedroom, 2 bath step up ranch. With the full finished basement with spa style bathroom, laundry room and storage, this home is and feels much larger than 1300 square feet of living space.  Mature residential neighborhood with large open yard.  Beautiful freshly refinished hardwood floors on main floor. Eat in kitchen. New noise cancelling windows. Two car detached garage. Close to O'Hare, Rosemont and interstate highway access.
Unit Size
1,310 Ft²
Days on Market
-
Land Size
-
Price per sqft
$252
Property Type
House
Property Taxes
$328
HOA Dues
-
Year Built
1958

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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 #11065598)

Price History

Date / Event Date Event Price
Aug 20, 2021 Sold
Premium
Sold
May 20, 2021 Listed by Keller WIlliams ONEChicago $329,900
Listed by Keller WIlliams ONEChicago

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 3
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • 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: 8,960
  • Total Building Area: 1,310
  • Gross Building Area: 1,310
  • Building Area: 1,310
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,310
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ORCHARD PLACE SUB
  • Land Acres: 0000000206
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (CROWES) RESUB LT7 BLK4 IN ORCHARD PLACE SUB OF SW & WH LT25 BLK4 IN SCOTTS RESUB OF CTN BLKS IN ORCHARD PLACE IN SW SEC 33-4

Neighborhood

  • School District Name: Des Plaines Community Consolidated School District 62
  • Census Tract: 806600

Geography

  • District: 22
  • Parcel: 09-33-308-025-0000
  • Block: 4
  • Lot: 7,25
  • Meridian: SEC 33 TWN 41N RNG 12E
  • Municipality: MAINE
  • Latitude: 42.0006
  • Longitude: -87.8811

    Address

  • Full Address: 1741 Central Ave
  • Address - House Number: 1741
  • Address - Street Name: Central
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Des Plaines
  • Carrier Code: C034
  • 4-Digit Zip Code: 3803
  • Zip Code: 60018

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $797,679
  • Tax Rate Code Area: 22017

    Appraisal Valuation

  • Standard Deviation: 0.2289
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 381,308
  • High Value: 468,600
  • Low Value: 294,016

    Market Valuation

  • Market Total Value: $310,000
  • Market Land Value: $67,200
  • Market Improvement Value: $242,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $31,000
  • Assessed Land Value: $6,720
  • Assessed Improvements Value: $24,280

    Sales

  • Current Sale Contract Date: Aug 17, 2021
  • Current Sale Recording Date: Aug 30, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2124217127
  • Previous Sale Recording Date: Jul 21, 1998
  • Previous Sale Contract Date: Jun 19, 1998
  • Previous Sale Amount: $162,500
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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

1661 ft²

Average Home Age

50.3 years

Currently For Sale

99 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 1813 Fargo Avenue, Des Plaines, IL, 60018

$2,900 /mo

  • 3 Beds
  • 2 Baths
  • 1,265 ft²
1813 Fargo Avenue, Des Plaines, IL, 60018 Listing by Bailey McDonagh
Unit for rent at 1680 Locust Street, Des Plaines, IL, 60018

$3,000 /mo

  • 3 Beds
  • 1 Bath
  • 1,740 ft²
1680 Locust Street, Des Plaines, IL, 60018 Listing by Tony Garcia

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Mary Childers, Keller WIlliams ONEChicago
Last Updated: 3 years ago
Data Source: MRED, MLS# 11065598
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 1741 Central Avenue built and last sold?
The property at 1741 Central Avenue was built in 1958 and last sold on Aug 17, 2021 for $335,000.
How much is this home worth?
The estimated value of the home located at 1741 Central Avenue is $0.
What are some comparable homes to 1741 Central Avenue?
There are currently no comparable homes to 1741 Central Avenue.
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