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West Chicago 60185
2366 Elm Road
$175,000
● House - Off Market

2366 Elm Road

West Chicago, IL 60185
bedrooms
2 Beds
bathrooms
1 Bath
square feet
732 Ft²
$168,053
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

Charming cottage style home at the end of a quiet street. This home is situated an oversized lot that backs up to a nature preserve. The home has arched doorways, vintage trim and large windows. There is a spacious multi-purpose room on the rear of the house. A screened in porch is perfect for summer entertaining. The property will need a renovation, but has great bones to build equity while renovating the home to suit your own tastes. The siding and roof are newer and are under 10 years old. HVAC is less than one year old. Just a bit of imagination will make this the perfect starter home, or property for someone who wishes to downsize. Close to shopping and transportation on the Rt. 59 corridor.
Unit Size
732 Ft²
Days on Market
-
Land Size
0.40 acres
Price per sqft
$231
Property Type
House
Property Taxes
$266
HOA Dues
-
Year Built
1953

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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 #11845715)

Price History

Date / Event Date Event Price
Aug 24, 2023 Sold
Premium
Sold
Aug 2, 2023 Listed by Baird & Warner $169,000
Listed by Baird & Warner

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Bedroom Count: 0
  • Full Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,731
  • Total Building Area: 732
  • Building Area: 732
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 732
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WAYNE TWP SUPV ASSMT PLAT
  • Land Acres: 0000000430
  • Standard Land Use Code: 1001
  • County Land Use Code: R
  • Legal Description 1: WAYNE TWP SUPV ASSMT PLAT 1 S 1/2 .50 ACS /EX HWY DESC 19-010639/

Neighborhood

  • School District Name: St. Charles Community Unit School District 303
  • School Tax School District: DISTRICT 303
  • Census Tract: 841313

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 2965-D5
  • Parcel: 01-30-202-013
  • Lot: 23
  • Municipality: WAYNE
  • Latitude: 41.9237
  • Longitude: -88.247

    Address

  • Full Address: 2366 Elm Rd
  • Address - House Number: 2366
  • Address - Street Name: Elm
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: West Chicago
  • Carrier Code: R012
  • 4-Digit Zip Code: 1024
  • Zip Code: 60185

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $318,888
  • Tax Rate Code Area: 1117

    Appraisal Valuation

  • Standard Deviation: 0.1725
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 77
  • Final Value: 200,452
  • High Value: 235,040
  • Low Value: 165,864

    Market Valuation

  • Market Total Value: $155,490
  • Market Land Value: $50,700
  • Market Improvement Value: $104,790

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $51,830
  • Assessed Land Value: $16,900
  • Assessed Improvements Value: $34,930

    Sales

  • Current Sale Contract Date: Jan 31, 2024
  • Current Sale Recording Date: Feb 06, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6528
  • Previous Sale Recording Date: Sep 18, 2023
  • Previous Sale Contract Date: Aug 15, 2023
  • Previous Sale Amount: $175,000
  • Previous Sale Document Type: 71
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 West Chicago

Stats & Trends

Median Asking:

$384,000

Sale Price/ft²

$225

Below Asking

0.01%

Average Days on Market

42

Average Home Size

2110 ft²

Average Home Age

66.4 years

Currently For Sale

14 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 631 Pheasant Trail, St. Charles, IL, 60174

$2,700 /mo

  • 2 Beds
  • 3 Baths
  • 1,496 ft²
631 Pheasant Trail, St. Charles, IL, 60174 Listing by Matthew Kombrink
Unit for rent at 863 Pheasant Trail, St. Charles, IL, 60174

$2,600 /mo

  • 2 Beds
  • 2 Baths
  • 1,484 ft²
863 Pheasant Trail, St. Charles, IL, 60174 Listing by Michael Ibarra

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Jill Lejsek, Baird & Warner
Last Updated: 3 years ago
Data Source: MRED, MLS# 11845715
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 2366 Elm Road built and last sold?
The property at 2366 Elm Road was built in 1953 and last sold on Jan 31, 2024 for $300,000.
How much is this home worth?
The estimated value of the home located at 2366 Elm Road is $170,440.
What are some comparable homes to 2366 Elm Road?
There are currently no comparable homes to 2366 Elm Road.
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