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Des Plaines 60018
1837 Morse Avenue
$200,000
● House - Off Market

1837 Morse Avenue

DES PLAINES, IL 60018
bedrooms
2 Beds
bathrooms
1 Bath
square feet
884 Ft²
$314,906
RealtyHop Estimate
59.85%
Since Aug 1, 2017
National-US
Primary Model

About This Property

Brick Ranch w/New Roof...Hardwood Floors throughout..  Updated bathroom with new fixtures..Remodeled kitchen w/ Stainless Steel Appliances..New Microwave, New Dishwasher, New Refrigerator, New Stove, New Washer..Living Room w/ Fireplace..Large fenced yard..2.5 car garage..Convenient Location close to shopping, transportation, schools and more..
Unit Size
884 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$223
Property Type
House
Property Taxes
$451
HOA Dues
-
Year Built
1953

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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.

Last updated: 3 years ago (MRED MLS #09627898)

Price History

Date / Event Date Event Price
Jul 24, 2017 Sold
Premium
Sold
May 16, 2017 Listed by Century 21 Langos & Christian $197,000
Listed by Century 21 Langos & Christian

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 28
  • 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: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,500
  • Lot Size Depth Feet: 1,760
  • Lot Size Frontage Feet: 600
  • Total Building Area: 884
  • Gross Building Area: 884
  • Building Area: 884
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 884
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TOWN IMPROVEMENT CORP DESPLAINES
  • Land Acres: 0000000241
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-02
  • Legal Description 1: (TOWN) (IMPROVEMENT) CORP (DESPLAINES) COUNTRYSIDE (U NIT5) SUB OF E207FT, EX PT LYING WEST OF WEST LINE E24ACS & LYING SOUTH

Neighborhood

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

Geography

  • District: 22
  • Parcel: 09-33-117-004-0000
  • Lot: 75
  • Meridian: SEC 33 TWN 41N RNG 12E
  • Municipality: MAINE
  • Latitude: 42.0047
  • Longitude: -87.8787

    Address

  • Full Address: 1837 Morse Ave
  • Address - House Number: 1837
  • Address - Street Name: Morse
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Des Plaines
  • Carrier Code: C008
  • 4-Digit Zip Code: 3851
  • Zip Code: 60018

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $452,354
  • Tax Rate Code Area: 22017

    Appraisal Valuation

  • Standard Deviation: 0.2458
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 65
  • Final Value: 284,180
  • High Value: 354,047
  • Low Value: 214,313

    Market Valuation

  • Market Total Value: $210,000
  • Market Land Value: $78,750
  • Market Improvement Value: $131,250

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $21,000
  • Assessed Land Value: $7,875
  • Assessed Improvements Value: $13,125

    Sales

  • Current Sale Contract Date: Jul 19, 2017
  • Current Sale Recording Date: Aug 30, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1724249064
  • Previous Sale Recording Date: Dec 18, 2012
  • Previous Sale Contract Date: Dec 06, 2012
  • Previous Sale Amount: $123,500
  • 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

1663 ft²

Average Home Age

51.2 years

Currently For Sale

113 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 2600 Windsor Mall, Park Ridge, IL, 60068

$2,350 /mo

  • 2 Beds
  • 2 Baths
2600 Windsor Mall #3E, Park Ridge, IL, 60068 Listing by William Wachowski

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: , Century 21 Langos & Christian
Last Updated: 3 years ago
Data Source: MRED, MLS# 09627898
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 1837 Morse Avenue built and last sold?
The property at 1837 Morse Avenue was built in 1953 and last sold on Jul 19, 2017 for $200,000.
How much is this home worth?
The estimated value of the home located at 1837 Morse Avenue is $0.
What are some comparable homes to 1837 Morse Avenue?
There are currently no comparable homes to 1837 Morse Avenue.
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