For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Lakewood Shores 60481
1816 Albert Lane
$329,000
● House - Off Market

1816 Albert Lane

Wilmington, IL 60481
bedrooms
5 Beds
bathrooms
2 Baths
square feet
1,900 Ft²
$1,895
Est. Monthly
11.90%
Cap Rate

About This Property

Spectacular 5 bedroom 2 bath home with full basement located on 9/10  acre lot (just outside of City limits). secluded and tranquil location. recent improvements include roof, siding, electric & plumbing 2014, furnace & central air 2014, trim & doors 2014, granite counter tops, tiled bathrooms, new carpeting 2nd level, deck, oversized 24x32 garage & more!!  All appliances stay  MULTIPLE OFFERS -HIGHEST & BEST DUE THURSDAY 9/18 5:00 PM
Unit Size
1,900 Ft²
Days on Market
-
Land Size
0.90 acres
Price per sqft
$171
Property Type
House
Property Taxes
$299
HOA Dues
-
Year Built
-

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Total Rooms: 10
  • Bedroom Count: 6
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 40,946
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 5
  • Heating: 24
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THIRD ADDITION TO LAKEWOOD SHORES
  • Land Acres: 0000000940
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: THE E 634.70 FT OF LOT 311 (EX THE S 115 FT OF THE E 400 FT) AS MEAS PARL WITH E LN SD LOT ALL BEING PRT OF THE THIRD ADDITIO

Neighborhood

  • School District Name: Wilmington Community Unit School District 209U
  • Census Tract: 884006

Geography

  • Parcel: 08-24-01-103-015
  • Lot: 311
  • Meridian: SEC 01 TWN 32N RNG 09E
  • Municipality: WESLEY TWP
  • Latitude: 41.2863
  • Longitude: -88.143

    Address

  • Full Address: 1816 Albert Ln
  • Address - House Number: 1816
  • Address - Street Name: Albert
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Wilmington
  • Carrier Code: C004
  • 4-Digit Zip Code: 1701
  • Zip Code: 60481

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $334,620
  • Tax Rate Code Area: 0802

    Appraisal Valuation

  • Standard Deviation: 0.1536
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 81
  • Final Value: 233,394
  • High Value: 269,264
  • Low Value: 197,525

    Market Valuation

  • Market Total Value: $165,420
  • Market Land Value: $24,339
  • Market Improvement Value: $141,081

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $55,140
  • Assessed Land Value: $8,113
  • Assessed Improvements Value: $47,027

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 12, 2015
  • Current Sale Recording Date: Oct 01, 2015
  • Current Sale Document Type: 40
  • Current Sale Input Document Number: R2015084323
  • Previous Sale Recording Date: Nov 13, 2014
  • Previous Sale Contract Date: Nov 06, 2014
  • Previous Sale Amount: $180,000
  • Previous Sale Document Type: 71
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 Lakewood Shores

Stats & Trends

Median Asking:

$249,750

Sale Price/ft²

$190

Below Asking

0.01%

Average Days on Market

45

Average Home Size

1000 ft²

Average Home Age

71 years

Currently For Sale

1 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

Click here to view more rentals in the neighborhood.
MRED

Listed by: Christopher Shell, Pro Real Estate
Data Source: MRED, MLS# MRD12471592
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 1816 Albert Lane built and last sold?
The property at 1816 Albert Lane was built in and last sold on Aug 12, 2015 for $0.
How much is this home worth?
The estimated value of the home located at 1816 Albert Lane is $328,250.
What are some comparable homes to 1816 Albert Lane?
There are currently no comparable homes to 1816 Albert Lane.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
Wesley Homes for Sale
Wesley Houses for Sale
Wesley Land for Sale
Wesley Homes with Basements
Wesley Homes with Pools
Wesley Homes with Parking
Wesley Homes with Garages
Wesley Homes with a View
Nearby Cities
Bourbonnais Homes for Sale
Braidwood Homes for Sale
Coal City Homes for Sale
Wilmington Homes for Sale
Diamond Homes for Sale
Lakewood Shores Homes for Sale
Essex Homes for Sale
Limestone Homes for Sale
Nearby Property Records
Kankakee County, IL Property Records
Will County, IL Property Records
Grundy County, IL Property Records
Kendall County, IL Property Records
Livingston County, IL Property Records
Cook County, IL Property Records
Iroquois County, IL Property Records
DuPage County, IL Property Records
Nearby Counties
Bourbonnais Homes for Sale
Reed Homes for Sale
Braceville Homes for Sale
Wilmington Homes for Sale
Essex Homes for Sale
Custer Homes for Sale
Greenfield Homes for Sale
Salina Homes for Sale
Top Real Estate Agents
Top Agents in Wesley
Top Agents in Bourbonnais
Top Agents in 60914
Top Agents in 60481
Top Agents in Bourbonnais
Top Agents in Reed
Top Agents in 60416
Top Agents in Braidwood