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Lakewood Shores 60481
1826 Albert Lane
$210,000
● House - Off Market

1826 Albert Lane

Wilmington, IL 60481
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,500 Ft²
$1,366
Est. Monthly
11.67%
Cap Rate

About This Property

Fixer Upper. Cash or renovation loan only. All Brick 3 Bed 2 Bath home on 1.5 acres. 2 Car Garage. Outbuilding. Dead end street. The inside needs partial renovation. Basement is framed. Fireplace. As-is sale. No survey.
Unit Size
1,500 Ft²
Days on Market
-
Land Size
1.60 acres
Price per sqft
$143
Property Type
House
Property Taxes
$311
HOA Dues
-
Year Built
-

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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

Building Info

Overview

    General

  • Total Rooms: 6
  • Bedroom Count: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 69,696
  • Lot Size Depth Feet: 5,000
  • Lot Size Frontage Feet: 1,390
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • 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: 0000001600
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: THE E 500 FT OF LOT 307 IN THE THIRD ADDITION TO LAKEWOOD SHORES, BEING A SUB OF PRT OF THE E 1/2 OF THE NW1/4 OF SEC. 1, T32

Neighborhood

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

Geography

  • Parcel: 08-24-01-105-004
  • Lot: 307
  • Meridian: SEC 01 TWN 32N RNG 09E
  • Municipality: WESLEY TWP
  • Latitude: 41.2848
  • Longitude: -88.1418

    Address

  • Full Address: 1826 Albert Ln
  • Address - House Number: 1826
  • 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: $349,580
  • Tax Rate Code Area: 0802

    Appraisal Valuation

  • Standard Deviation: 0.1587
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 80
  • Final Value: 222,167
  • High Value: 257,435
  • Low Value: 186,899

    Market Valuation

  • Market Total Value: $172,011
  • Market Land Value: $31,077
  • Market Improvement Value: $140,934

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $57,337
  • Assessed Land Value: $10,359
  • Assessed Improvements Value: $46,978

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 17, 2021
  • Current Sale Recording Date: Oct 18, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2021114122
  • Previous Sale Recording Date: Dec 21, 2004
  • Previous Sale Contract Date: Dec 15, 2004
  • Previous Sale Amount: $190,500
  • 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 Lakewood Shores

Stats & Trends

Median Asking:

$248,875

Sale Price/ft²

$190

Below Asking

0.01%

Average Days on Market

42

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

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MRED

Listed by: Michael Ruffatto, Protech Realty
Data Source: MRED, MLS# MRD12403131
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 1826 Albert Lane built and last sold?
The property at 1826 Albert Lane was built in and last sold on Sep 17, 2021 for $230,000.
How much is this home worth?
The estimated value of the home located at 1826 Albert Lane is $0.
What are some comparable homes to 1826 Albert Lane?
There are currently no comparable homes to 1826 Albert Lane.
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