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Wheeling 60090
205 Wheeling Avenue
$251,000
● House - Off Market

205 Wheeling Avenue

Wheeling, IL 60090
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,020 Ft²
$239,900
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model

About This Property

GREAT BEGINNINGS! STEP SAVER RANCH FULL OF GRACIOUS LVING. EFFICIENTLY DESIGNED KITCHEN WITH AMPLE STORAGE AND COUNTER SPACE. DOUBLE DUTY ISLAND SERVES AS WORKSPACE AND SNACK BAR. THE FULL BASEMENT WILL CURE YOUR STORAGE PROBLEMS. EXTRA ROOM CAN BE USED FOR OFFICE OR HOBBY ROOM. SPACIOUS PATIO AND 2 CAR GARAGE. CLOSE TO SHOPPING & MAJOR HIGHWAYS. NOT A DRIVE-BY! TOO GOOD TO LAST TOO LONG!
Unit Size
1,020 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$235
Property Type
House
Property Taxes
$495
HOA Dues
-
Year Built
1949

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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 #11909240)

Price History

Date / Event Date Event Price
Nov 8, 2023 Sold
Premium
Sold
Oct 17, 2023 Listed by Coldwell Banker Realty $239,900
Listed by Coldwell Banker Realty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • 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: 6
  • Building Style: 3
  • Exterior Walls Type: 17
  • 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: 9,490
  • Total Building Area: 1,020
  • Gross Building Area: 1,020
  • Building Area: 1,020
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,020
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DUNDEE ROAD ADD/WILLES
  • Land Acres: 0000000218
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 802506

Geography

  • District: 38
  • Parcel: 03-11-201-014-0000
  • Block: 2
  • Lot: 14
  • Meridian: SEC 11 TWN 42N RNG 11E
  • Municipality: WHEELING
  • Latitude: 42.1361
  • Longitude: -87.9106

    Address

  • Full Address: 205 Wheeling Ave
  • Address - House Number: 205
  • Address - Street Name: Wheeling
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Wheeling
  • Carrier Code: C071
  • 4-Digit Zip Code: 3139
  • Zip Code: 60090

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $593,804
  • Tax Rate Code Area: 38055

    Appraisal Valuation

  • Standard Deviation: 0.2437
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 65
  • Final Value: 264,847
  • High Value: 329,408
  • Low Value: 200,286

    Market Valuation

  • Market Total Value: $220,000
  • Market Land Value: $68,800
  • Market Improvement Value: $151,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $22,000
  • Assessed Land Value: $6,880
  • Assessed Improvements Value: $15,120

    Sales

  • Current Sale Contract Date: Nov 08, 2023
  • Current Sale Recording Date: Nov 14, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 29000
  • Previous Sale Recording Date: Aug 15, 2016
  • Previous Sale Contract Date: Jul 12, 2016
  • Previous Sale Amount: $175,000
  • Previous Sale Document Type: 27
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 Wheeling

Stats & Trends

Median Asking:

$315,000

Sale Price/ft²

$229

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1373 ft²

Average Home Age

48.2 years

Currently For Sale

56 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 1314 Inverrary Lane, Deerfield, IL, 60015

$2,400 /mo

  • 2 Beds
  • 1 Bath
  • 1,476 ft²
1314 Inverrary Lane, Deerfield, IL, 60015 Listing by Nona Lisitza

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Valerie Domain, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11909240
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 205 Wheeling Avenue built and last sold?
The property at 205 Wheeling Avenue was built in 1949 and last sold on Nov 8, 2023 for $251,000.
How much is this home worth?
The estimated value of the home located at 205 Wheeling Avenue is $0.
What are some comparable homes to 205 Wheeling Avenue?
There are currently no comparable homes to 205 Wheeling Avenue.
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