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Des Plaines 60018
1835 Pratt Avenue
$420,000
● House - Off Market

1835 Pratt Avenue

Des Plaines, IL 60018
bedrooms
5 Beds
bathrooms
2 Baths
square feet
2,321 Ft²
$2,818
Est. Monthly
11.87%
Cap Rate

About This Property

This beautifully updated 5-bedroom, 2-bathroom home offers an open floor plan filled with abundant natural sunlight. Recently painted with refinished hardwood floors on the main level and new carpeting in all bedrooms, this home is move-in ready. The spacious family room is perfect for gatherings, while the huge backyard provides plenty of space for entertaining, gardening, or simply enjoying the outdoors. Conveniently located right across from the school, with easy access to nearby restaurants, shopping,  and highways, this home offers both comfort and convenience. Don't miss out on this fantastic opportunity!
Unit Size
2,321 Ft²
Days on Market
-
Land Size
-
Price per sqft
$187
Property Type
House
Property Taxes
$686
HOA Dues
-
Year Built
1956

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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: 2 years ago (MRED MLS #12168746)

Price History

Date / Event Date Event Price
Nov 21, 2024 Sold
Premium
Sold
Nov 8, 2024 In contract -
In contract
Oct 22, 2024 Price Decreased $434,000
↓ $15K (3.3%)
Price Decreased
Sep 19, 2024 Listed by Coldwell Banker Realty $449,000
Listed by Coldwell Banker Realty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,260
  • Lot Size Depth Feet: 1,700
  • Lot Size Frontage Feet: 600
  • Total Building Area: 2,321
  • Gross Building Area: 2,321
  • Building Area: 2,321
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 2,321
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COURTESY GARDENS
  • Land Acres: 0000000236
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-04
  • Legal Description 1: (COURTESY) (GARDENS) A SUB OF PT OF THE SW IN SEC 33-41-12

Neighborhood

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

Geography

  • District: 22
  • Parcel: 09-33-313-004-0000
  • Lot: 4
  • Meridian: SEC 33 TWN 41N RNG 12E
  • Municipality: MAINE
  • Latitude: 42.0023
  • Longitude: -87.8788

    Address

  • Full Address: 1835 Pratt Ave
  • Address - House Number: 1835
  • Address - Street Name: Pratt
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Des Plaines
  • Carrier Code: C043
  • 4-Digit Zip Code: 3926
  • Zip Code: 60018

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $823,404
  • Tax Rate Code Area: 22017

    Appraisal Valuation

  • Standard Deviation: 0.206
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 72
  • Final Value: 405,073
  • High Value: 488,518
  • Low Value: 321,627

    Market Valuation

  • Market Total Value: $320,000
  • Market Land Value: $76,950
  • Market Improvement Value: $243,050

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $32,000
  • Assessed Land Value: $7,695
  • Assessed Improvements Value: $24,305

    Sales

  • Current Sale Contract Date: Oct 05, 2016
  • Current Sale Recording Date: Nov 02, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1630756029
  • Previous Sale Recording Date: Aug 04, 2015
  • Previous Sale Contract Date: Jul 23, 2015
  • Previous Sale Document Type: 64

    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

1725 ft²

Average Home Age

51.7 years

Currently For Sale

110 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: Giannpaolo Viola, Coldwell Banker Realty
Last Updated: 2 years ago
Data Source: MRED, MLS# 12168746
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 1835 Pratt Avenue built and last sold?
The property at 1835 Pratt Avenue was built in 1956 and last sold on Oct 5, 2016 for $279,000.
How much is this home worth?
The estimated value of the home located at 1835 Pratt Avenue is $0.
What are some comparable homes to 1835 Pratt Avenue?
There are currently no comparable homes to 1835 Pratt Avenue.
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