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Riverside 60546
228 Olmsted Road
$690,000
● House - Off Market

228 Olmsted Road

Riverside, IL 60546
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,718 Ft²
$4,361
Est. Monthly
2.93%
Cap Rate

About This Property

Beautifully updated Colonial , this 3 bedroom, 2 1/2 bath home located in historic Riverside is a perfect blend of classic charm and modern convenience.  Special features include hardwood floors throughout, fireplace  formal dining room with 3 tiered ceiling, finished basement with bedroom and workout areas, plus a beautiful full bathroom.  The updated kitchen opens to a breakfast area, sunroom, and pergola.  The deep lot offers a meticulously maintained yard.  Located minutes from downtown Riverside, you have easy access to local shops, cafes, the scenic Riverside trail and top-rated Riverside schools.  With convenient connections to downtown Chicago via the Metra (20 minute ride) or expressways, this home offers peaceful suburban living in a National Historic Landmark Community.
Unit Size
1,718 Ft²
Days on Market
-
Land Size
-
Price per sqft
$393
Property Type
House
Property Taxes
$1,046
HOA Dues
-
Year Built
1920

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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

Air Conditioning
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1920
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 63
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • 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: 10,050
  • Total Building Area: 1,708
  • Gross Building Area: 1,708
  • Building Area: 1,708
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 10
  • Heated Square Feet: 1,708
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RIVERSIDE A PT OF THE 2ND DIV IN SEC 3
  • Land Acres: 0000000231
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-05
  • Legal Description 1: (RIVERSIDE) A PT OF THE 2ND DIV IN SEC 36-39-12

Neighborhood

  • School District Name: Riverside Brookfield Township School District 208
  • Census Tract: 815702

Geography

  • District: 34
  • Parcel: 15-36-403-040-0000
  • Block: 5
  • Lot: 283
  • Meridian: SEC 36 TWN 39N RNG 12E
  • Municipality: RIVERSIDE
  • Latitude: 41.8252
  • Longitude: -87.8104

    Address

  • Full Address: 228 Olmsted Rd
  • Address - House Number: 228
  • Address - Street Name: Olmsted
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Riverside
  • Carrier Code: C012
  • 4-Digit Zip Code: 2325
  • Zip Code: 60546

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,287,213
  • Tax Rate Code Area: 34006

    Appraisal Valuation

  • Standard Deviation: 0.2271
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 516,898
  • High Value: 634,313
  • Low Value: 399,483

    Market Valuation

  • Market Total Value: $425,700
  • Market Land Value: $100,500
  • Market Improvement Value: $325,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $42,570
  • Assessed Land Value: $10,050
  • Assessed Improvements Value: $32,520

    Sales

  • Current Sale Contract Date: Jul 26, 2016
  • Current Sale Recording Date: Aug 02, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 1621518008
  • Previous Sale Recording Date: Oct 06, 1998
  • Previous Sale Contract Date: Sep 30, 1998
  • Previous Sale Amount: $325,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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 Riverside

Stats & Trends

Median Asking:

$599,900

Sale Price/ft²

$288

Below Asking

0.01%

Average Days on Market

48

Average Home Size

2084 ft²

Average Home Age

77 years

Currently For Sale

9 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: Lois Harb, Baird & Warner
Data Source: MRED, MLS# MRD12386886
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 228 Olmsted Road built and last sold?
The property at 228 Olmsted Road was built in 1920 and last sold on Jul 26, 2016 for $440,000.
How much is this home worth?
The estimated value of the home located at 228 Olmsted Road is $0.
What are some comparable homes to 228 Olmsted Road?
There are currently no comparable homes to 228 Olmsted Road.
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