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Hanover Park 60133
1861 Grosse Pointe Circle
$330,000
● House - Off Market

1861 Grosse Pointe Circle

Hanover Park, IL 60133
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,682 Ft²
$2,460
Est. Monthly
6.74%
Cap Rate

About This Property

Incredible opportunity to personalize this spacious home and build instant equity! Step into a bright and open living and dining area, perfect for everyday living and entertaining. The adjacent family room flows into the eating area and kitchen, creating a versatile layout that connects the heart of the home. Upstairs, the primary suite features a generously sized bathroom, while two additional bedrooms share a full hall bath. The finished basement offers a large rec room-currently used as a workout space (equipment available for sale)-plus a private bedroom or office and a utility/storage area. Enjoy outdoor living on the stunning brick paver patio with built-in seating, all overlooking the fenced backyard. Ideally located near shopping, dining, and entertainment-this is a must-see!
Unit Size
1,682 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$202
Property Type
House
Property Taxes
$790
HOA Dues
-
Year Built
1989

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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: 1989
  • Effective Year Built: 1989
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 898
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,227
  • Lot Size Depth Feet: 1,050
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,682
  • Gross Building Area: 1,682
  • Building Area: 1,682
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,682
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FARMINGTON UNIT ONE PHASE 1
  • Land Acres: 0000000120
  • Standard Land Use Code: 1001
  • County Land Use Code: R
  • Legal Description 1: FARMINGTON UNIT ONE PHASE 1 ALL

Neighborhood

  • School District Name: Community Consolidated School District 93
  • School Tax School District: HANOVER PARK
  • Census Tract: 841322

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 2967-D3
  • Subdivision Phase Number: 1
  • Parcel: 01-13-406-037
  • Lot: 15
  • Municipality: WAYNE
  • Latitude: 41.9447
  • Longitude: -88.1523

    Address

  • Full Address: 1861 Grosse Pointe Cir
  • Legal Unit: 1
  • Address - House Number: 1861
  • Address - Street Name: Grosse Pointe
  • Address - Suffix Type: Cir
  • State: IL
  • City Name: Hanover Park
  • Carrier Code: R009
  • 4-Digit Zip Code: 6723
  • Zip Code: 60133

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $874,836
  • Tax Rate Code Area: 1004

    Appraisal Valuation

  • Standard Deviation: 0.1715
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 78
  • Final Value: 349,741
  • High Value: 409,746
  • Low Value: 289,736

    Market Valuation

  • Market Total Value: $279,150
  • Market Land Value: $83,100
  • Market Improvement Value: $196,050

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $93,050
  • Assessed Land Value: $27,700
  • Assessed Improvements Value: $65,350

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 20, 1999
  • Current Sale Recording Date: Aug 26, 1999
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R1999185902

    Financing

  • First Mortgage Financing Type: ADJ
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 Hanover Park

Stats & Trends

Median Asking:

$349,900

Sale Price/ft²

$233

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1419 ft²

Average Home Age

48.5 years

Currently For Sale

41 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 1628 Columbia Circle, Bartlett, IL, 60103

$2,895 /mo

  • 2 Beds
  • 2 Baths
  • 1,202 ft²
1628 Columbia Circle, Bartlett, IL, 60103 Listing by Angela Lim

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Amy Kite, Keller Williams Infinity
Data Source: MRED, MLS# MRD12447289
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 1861 Grosse Pointe Circle built and last sold?
The property at 1861 Grosse Pointe Circle was built in 1989 and last sold on Aug 20, 1999 for $167,000.
How much is this home worth?
The estimated value of the home located at 1861 Grosse Pointe Circle is $346,579.
What are some comparable homes to 1861 Grosse Pointe Circle?
There are currently no comparable homes to 1861 Grosse Pointe Circle.
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