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Des Plaines 60018
1876 S River Road
$365,000
● House - Off Market

1876 S River Road

Des Plaines, IL 60018
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,100 Ft²
$375,864
RealtyHop Estimate
2.98%
Since Apr 1, 2022
National-US
Primary Model

About This Property

Looking for Space? Need an In-Law Arrangement or Private Home Office? This Spacious Custom McKay Nealis Home Has So Many Possibilities! Bring Your Ideas and Make it Your Own! Solid Construction, Large Rooms, Hardwood Floors, LL Has Bedroom, Full Bath, Office Alcove, Family Room with Fireplace and Loads of Storage* Walk-out Sub-Basement With 2nd Kitchen, 1/2 Bath, Bedroom or Rec Room and Additional Storage*Oversized 2 1/2 Car Garage*Fenced Yard*Circular Driveway too! Great Price!
Unit Size
2,100 Ft²
Days on Market
-
Land Size
-
Price per sqft
$174
Property Type
House
Property Taxes
$456
HOA Dues
-
Year Built
1978

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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: 3 years ago (MRED MLS #11305065)

Price History

Date / Event Date Event Price
Mar 9, 2022 Sold
Premium
Sold
Jan 14, 2022 Listed by Coldwell Banker Realty $365,000
Listed by Coldwell Banker Realty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,415
  • Lot Size Depth Feet: 620
  • Lot Size Frontage Feet: 1,100
  • Total Building Area: 1,217
  • Gross Building Area: 1,217
  • Building Area: 1,217
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,217
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MCKAY - NEALIS 1ST
  • Land Acres: 0000000147
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-34
  • Legal Description 1: (MCKAY)-(NEALIS) (1ST) RESUB OF LT7 IN RUDAWSKIS SUB OF PT EH NH NW SEC 28-41-12

Neighborhood

  • School District Name: Des Plaines Community Consolidated School District 62
  • Census Tract: 806502

Geography

  • District: 22
  • Parcel: 09-28-118-060-0000
  • Lot: 7
  • Meridian: SEC 28 TWN 41N RNG 12E
  • Municipality: MAINE
  • Latitude: 42.0195
  • Longitude: -87.8753

    Address

  • Full Address: 1876 S River Rd
  • Address - House Number: 1876
  • Street Direction: S
  • Address - Street Name: River
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Des Plaines
  • Carrier Code: C018
  • 4-Digit Zip Code: 2348
  • Zip Code: 60018

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $786,862
  • Tax Rate Code Area: 22028

    Appraisal Valuation

  • Standard Deviation: 0.2289
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 392,775
  • High Value: 482,692
  • Low Value: 302,858

    Market Valuation

  • Market Total Value: $340,000
  • Market Land Value: $48,110
  • Market Improvement Value: $291,890

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $34,000
  • Assessed Land Value: $4,811
  • Assessed Improvements Value: $29,189

    Sales

  • Current Sale Contract Date: Mar 09, 2022
  • Current Sale Recording Date: Mar 11, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2207057020
  • Previous Sale Recording Date: Feb 02, 1998
  • Previous Sale Contract Date: Jan 28, 1998
  • Previous Sale Amount: $150,000
  • Previous Sale Document Type: 40
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

42

Average Home Size

1643 ft²

Average Home Age

53.9 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

Unit for rent at 430 S Western Avenue, Des Plaines, IL, 60016

$3,650 /mo

  • 3 Beds
  • 2 Baths
  • 1,980 ft²
430 S Western Avenue #203, Des Plaines, IL, 60016 Listing by Liviu Dinita
Unit for rent at 1787 Webster Lane, Des Plaines, IL, 60018

$4,000 /mo

  • 4 Beds
  • 2 Baths
  • 1,995 ft²
1787 Webster Lane, Des Plaines, IL, 60018 Listing by Sunil Gupta

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Audrey George, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11305065
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 1876 South River Road built and last sold?
The property at 1876 South River Road was built in 1978 and last sold on Mar 9, 2022 for $365,000.
How much is this home worth?
The estimated value of the home located at 1876 South River Road is $0.
What are some comparable homes to 1876 South River Road?
There are currently no comparable homes to 1876 South River Road.
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