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North Chicago 60064
2014 Wallace Avenue
$185,000
● House - Off Market

2014 Wallace Avenue

North Chicago, IL 60064
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,536 Ft²
$1,201
Est. Monthly
20.59%
Cap Rate

About This Property

HOME SITS ON 4 LOTS. ORIGINAL OWNERS OF THIS  RAISED RANCH WITH 4 BEDROOMS AND 1.5  BATHS. NEWER KITCHEN CABINETS IN LOWER LEVEL WITH 1/2 BATH AND BEDROOM. UPSTAIRS HAS 3 BEDROOMS AND WALL WAS PUT IN TO MAKE LIVING ROOM INTO A BEDROOM WHICH CAN BE PUT BACK. SIDING , ROOF AND FURNACE HAVE BEEN REPLACED AND REDONE. LOVELY YARD WHICH IS SPACIOUS. THE 4 LOTS ALL HAVE SEPARATE PINS AND  THEY ARE 25' WIDE. 3 SIDES ARE FENCED IN. NEEDS SOME LOVE ON THE INSIDE AND TLC AND  IS BEING SOLD AS IS.
Unit Size
1,536 Ft²
Days on Market
-
Land Size
-
Price per sqft
$130
Property Type
House
Property Taxes
$219
HOA Dues
-
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: 2 years ago (MRED MLS #11988771)

Price History

Date / Event Date Event Price
Jan 3, 2025 Sold
Premium
Sold
Feb 27, 2024 Listed by Coldwell Banker Realty $199,900
Listed by Coldwell Banker Realty

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,271
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: SOUTH WAUKEGAN
  • Land Acres: 0000000075
  • Standard Land Use Code: 8001
  • County Land Use Code: 30
  • Legal Description 1: SOUTH WAUKEGAN LOT 44 & TH PT E1/2 VAC ALLEY LYG W & ADJ LOT 44 BLOCK 104

Neighborhood

  • School District Name: North Chicago School District 187
  • Census Tract: 863201

Geography

  • Assessors Map Reference: 2536-D7
  • District: SHIELDS
  • Parcel: 12-05-114-027
  • Block: 104
  • Lot: 44
  • Municipality: TWP OF SHIELDS
  • Latitude: 42.3225
  • Longitude: -87.8613

    Address

  • Full Address: 2014 Wallace Ave
  • Address - House Number: 2014
  • Address - Street Name: Wallace
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: North Chicago
  • Carrier Code: C007
  • 4-Digit Zip Code: 2422
  • Zip Code: 60064

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $32,098
  • Tax Rate Code Area: 10009

    Market Valuation

  • Market Total Value: $9,091
  • Market Land Value: $9,091

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,030
  • Assessed Land Value: $3,030
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 North Chicago

Stats & Trends

Median Asking:

$265,000

Sale Price/ft²

$196

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1273 ft²

Average Home Age

64.6 years

Currently For Sale

19 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: Betty Spiller, Coldwell Banker Realty
Last Updated: 2 years ago
Data Source: MRED, MLS# 11988771
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 2014 Wallace Avenue built and last sold?
The property at 2014 Wallace Avenue was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 2014 Wallace Avenue is $0.
What are some comparable homes to 2014 Wallace Avenue?
There are currently no comparable homes to 2014 Wallace Avenue.
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