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Palos Park 60464
18 Brook Lane
$420,164
● House - Off Market

18 Brook Lane

Palos Park, IL 60464
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
$2,686
Est. Monthly
$241
HOA / Fees
4.72%
Cap Rate

About This Property

Perfectly located in a highly desirable neighborhood of Palos Park, you do not want to miss out on this bright and sunny, spacious 4 bedroom, 3.5 bath townhome. The renovated eat-in kitchen offers tons of storage and plenty of counter space. The combined living/dining room along with the oversized attached deck are amazing for entertaining no matter the season. Upstairs you will find a spacious primary bedroom with a walk-in closet and ensuite bathroom, along with two additional bedrooms and a second bath. The finished basement adds ample additional square footage to the home and the 4th bedroom/bathroom in the basement would be perfect for guests or to use as a home office. With such a short walk to the Metra station this would be the perfect location for anyone who commutes. Also very convenient access to Northwestern Palos hospital, grocery stores, restaurants and some of the best schools in the area. Schedule your showing today!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$505
HOA Dues
$241
Year Built
1978

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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
Fireplace

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 10
  • 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: 7
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,777
  • Total Building Area: 1,908
  • Gross Building Area: 1,908
  • Building Area: 1,908
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,908
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COMMONS OF PALOS PARK PHASE1
  • Land Acres: 0000000064
  • Standard Land Use Code: 1002
  • County Land Use Code: 2-95
  • Legal Description 1: THE (COMMONS) OF (PALOS) PARK (PHASE1) BEING SUB OF P T OF SH NE SEC 26-37-12

Neighborhood

  • School District Name: Consolidated High School District 230
  • Census Tract: 823903

Geography

  • District: 30
  • Subdivision Phase Number: 1
  • Parcel: 23-26-201-045-0000
  • Lot: 39
  • Meridian: SEC 26 TWN 37N RNG 12E
  • Municipality: PALOS
  • Latitude: 41.6707
  • Longitude: -87.8179

    Address

  • Full Address: 18 Brook Ln
  • Address - House Number: 18
  • Address - Street Name: Brook
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Palos Park
  • Carrier Code: C032
  • 4-Digit Zip Code: 1291
  • Zip Code: 60464

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $660,401
  • Tax Rate Code Area: 30011

    Appraisal Valuation

  • Standard Deviation: 0.2323
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 368,216
  • High Value: 453,776
  • Low Value: 282,655

    Market Valuation

  • Market Total Value: $280,000
  • Market Land Value: $10,410
  • Market Improvement Value: $269,590

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $28,000
  • Assessed Land Value: $1,041
  • Assessed Improvements Value: $26,959

    Sales

  • Current Sale Contract Date: Aug 25, 1999
  • Current Sale Recording Date: Oct 08, 1999
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 99952212

    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 Palos Park

Stats & Trends

Median Asking:

$585,000

Sale Price/ft²

$233

Below Asking

0.01%

Average Days on Market

37

Average Home Size

4732 ft²

Average Home Age

41.1 years

Currently For Sale

16 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 10956 S 76th Avenue, Palos Hills, IL, 60465

$2,450 /mo

  • 2 Beds
  • 1 Bath
  • 1,500 ft²
10956 S 76th Avenue #F, Palos Hills, IL, 60465 Listing by Halina Wisniewska
Unit for rent at 11110 E Cove Circle, Palos Hills, IL, 60465

$2,300 /mo

  • 2 Beds
  • 2 Baths
  • 1,300 ft²
11110 E Cove Circle #1C, Palos Hills, IL, 60465 Listing by Anna Szkarlat
Unit for rent at 11045 S Theresa Circle, Palos Hills, IL, 60465

$2,300 /mo

  • 2 Beds
  • 2 Baths
  • 1,500 ft²
11045 S Theresa Circle #2B, Palos Hills, IL, 60465 Listing by Justin Corral

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Darrell Scott, Compass
Data Source: MRED, MLS# MRD12341311
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 18 Brook Lane built and last sold?
The property at 18 Brook Lane was built in 1978 and last sold on Aug 25, 1999 for $186,000.
How much is this home worth?
The estimated value of the home located at 18 Brook Lane is $398,950.
What are some comparable homes to 18 Brook Lane?
There are currently no comparable homes to 18 Brook Lane.
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