$280,000
●
Condo -
Off Market
1996 Cherry Lane #2A
Northbrook, IL 60062
2 Beds
2 Baths,
1
Half Bath
1,201 Ft²
$289,864
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model
About This Property
NEWLY REMODELLED FIRST FLOOR CONDO IN THE HEART OF NORTHBROOK !
WALKING DISTANCE TO DOWNTOWN, RESTAURANTS, LIBRARY AND SUNSET
FOODS. JUST ACROSS THE STREET FROM THE FARMERS MARKET IN THE SUMMER
! CLOSED TO THE TRAIN. EXCELLENT SCHOOL DISTRICT. NEW KITCHEN
CABINETS WITH QUARTZ COUNTERTOPS AND STAINLESS STILL APPLIANCES.
NEW FLOORS THROUGHOUT THE UNIT. NEW BATHROOMS AND NEW WASHER AND
DRYER! NEW DOORS, TRIMS AND BASEBOARDS. HUGE LIVING ROOM WITH THE
ELECTRIC FIREPLACE. PLENTY OF ADDITIONAL STORAGE SPACE IN THE
BASEMENT. PLENTY OF LIGHTS. BEAUTIFUL PLACE TO CALL HOME !
Unit Size
1,201 Ft²
Days on Market
-
Land Size
-
Price per sqft
$237
Property Type
Condo
Property Taxes
$281
HOA Dues
$301
Year Built
-
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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 #11733192)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 20, 2023 | Sold | ||
| Sold | |||
| Mar 8, 2023 | Listed by Chicagoland Brokers, Inc. | $284,900 | |
| Listed by Chicagoland Brokers, Inc. | |||
| Jan 11, 2023 | Sold | ||
| Sold | |||
| Sep 24, 2022 | No longer available | - | |
| No longer available | |||
| Sep 23, 2022 | Listed by RE/MAX Suburban | $178,500 | |
| Listed by RE/MAX Suburban | |||
| | |||
|
Spacious first floor condo in the heart of Northbrook! Enjoy easy access to downtown restaurants and stores, train, library, Sunset Foods next door, etc. Highly desirable school district! Unit is situated on the first floor so no stairs! 2 bright bedrooms and 1.5 baths. 1200 Sq Ft! Large living and dining area combo. Galley kitchen offers plenty of counterspace for cooking and an additional pantry closet. Ample closet space and additional storage unit in the basement. Owner occupant community - no rentals. No pets.
| |||
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Property Highlights
Parking Available
Fireplace
Parking Details
Total Number of Parking: 1
Parking Features: Assigned
Interior Details
Bedrooms: 2
Bathrooms: 2
Half Bathrooms: 1
Full Bathrooms: 1
Interior Features: Wood Laminate Floors, Laundry Hook-Up in Unit, Storage
Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Stainless Steel Appliance(s)
Rooms: 5
Fireplace Features: Electric
Fireplaces: 1
Basement: None
Basement Description: None
Exterior Details
Ownership: Condo
Exterior Building Type: Aluminum Siding, Brick
Age: 51-60 Years
Rehab Year: 2023
Rebuilt(Y/N): No
Parcel Number: 04101180121002
Property Type: Residential
Year Built: 1963
Roof: Asphalt
No Disability Access
Special Conditions: None
Lot Features: Corner Lot
Lot Size Dimensions: COMMON
Water Source: Lake Michigan, Public
Financial Details
Tax Year: 2021
Tax Annual Amount: $3,376
Tax Exemptions: Homeowner
Utilities Details
Cooling: Window/Wall Units - 3+
Heating: Electric
Sewer : Public Sewer
Location Details
Township: Northfield
Corporate Limits: Northbrook
Directions: WAUKEGAN & SHERMER, WEST ON SHERMER, N AT LIGHT TO CHERRY LN FOLLOW TO CORNER OF CHERRY AND MEADOW.
County or Parish: Cook
Elementary School District: 28
Elementary School: Greenbriar Elementary School
Middle Or Junior School District: 28
Middle Or Junior School: Northbrook Junior High School
High School District: 225
High School: Glenbrook North High School
Other Details
Association Fee Includes: Parking, Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
Association Fee: $301
Association Fee Freq: Monthly
Holds Earnest Money: No
Some Photos Virtually Staged (Y/N): No
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/31/2022
|
2 Bed
|
2 Bath
|
1201 ft²
|
$200,000
2 Bed
2 Bath
1201 ft²
|
-
-
|
Donata Ostapyshyn
RE/MAX Suburban
|
Building Info
About Northbrook
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Listed by: Grace Jankowska, Chicagoland Brokers, Inc.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11733192
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.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11733192
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