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Addison 60101
229 S Addison Road
$350,000
● House - Off Market

229 S Addison Road

Addison, IL 60101
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,912 Ft²
$2,107
Est. Monthly
7.81%
Cap Rate

About This Property

Completely updated and move-in ready! Brand new kitchen features shaker-style cabinets, quartz countertops, and black stainless steel appliances (2020). First floor complete with kitchen, dining room, living room, full bathroom and 2 bedrooms. Enjoy refinished hardwood floors throughout the main floor. Upstairs offers a private bedroom, full bath, and loft. Full basement is ready for your finishing touches. 1.5 car detached garage adds convenience. Other updates include new AC (2024), fresh coat of paint throughout, new fixtures. Close to shopping, dining, and parks-don't miss this beautifully updated home!
Unit Size
1,912 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$183
Property Type
House
Property Taxes
$388
HOA Dues
-
Year Built
1950

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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

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 28
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 850
  • Garage Type: 4
  • Garage Square Area: 280
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,970
  • Lot Size Depth Feet: 140
  • Lot Size Frontage Feet: 50
  • Total Building Area: 2,125
  • Gross Building Area: 2,125
  • Building Area: 1,275
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,275
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HOME ADD TO ADDISON
  • Land Acres: 0000000160
  • Standard Land Use Code: 1001
  • County Land Use Code: R
  • Legal Description 1: HOME ADD TO ADDISON

Neighborhood

  • School District Name: Addison School District 4
  • School Tax School District: ADDISON
  • Census Tract: 846701

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 2970-E6
  • Parcel: 03-28-414-007
  • Block: 15
  • Lot: 17
  • Municipality: ADDISON
  • Latitude: 41.9225
  • Longitude: -87.9884

    Address

  • Full Address: 229 S Addison Rd
  • Address - House Number: 229
  • Street Direction: S
  • Address - Street Name: Addison
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Addison
  • Carrier Code: C006
  • 4-Digit Zip Code: 3809
  • Zip Code: 60101

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $439,464
  • Tax Rate Code Area: 3033

    Appraisal Valuation

  • Standard Deviation: 0.1714
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 78
  • Final Value: 258,848
  • High Value: 303,216
  • Low Value: 214,481

    Market Valuation

  • Market Total Value: $197,010
  • Market Land Value: $98,340
  • Market Improvement Value: $98,670

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $65,670
  • Assessed Land Value: $32,780
  • Assessed Improvements Value: $32,890

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 20, 2002
  • Current Sale Recording Date: Jun 24, 2002
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2002-162984
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 Addison

Stats & Trends

Median Asking:

$401,266

Sale Price/ft²

$222

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1975 ft²

Average Home Age

40.2 years

Currently For Sale

45 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 500 N Westwood Avenue, Lombard, IL, 60148

$3,000 /mo

  • 3 Beds
  • 2 Baths
  • 2,436 ft²
500 N Westwood Avenue, Lombard, IL, 60148 Listing by Lizbeth Gonzalez

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Jessica Garry, Garry Real Estate
Data Source: MRED, MLS# MRD12323755
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 229 South Addison Road built and last sold?
The property at 229 South Addison Road was built in 1950 and last sold on May 20, 2002 for $147,000.
How much is this home worth?
The estimated value of the home located at 229 South Addison Road is $0.
What are some comparable homes to 229 South Addison Road?
There are currently no comparable homes to 229 South Addison Road.
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