$340,000
●
House -
Off Market
240 Silver Lane
Melrose Park, IL 60160
3 Beds
3 Baths,
1
Half Bath
1,918 Ft²
$396,071
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model
About This Property
***FOUR LEVELS OF LIVING SPACE*** WOW!! ALL NEW!! BRAND NEW SIDING,
ROOF, WINDOWS, GARAGE DOOR, SIDEWALKS & DRIVEWAY. ALSO IT FEATURES
NEW KITCHEN CABINETS, GRANITE COUNTER TOPS, SS APPLIANCES & SS
SINK. ENJOY THE REMODELED BATHROOMS, LIGHTING, PLUMBING, WASHER AND
DRYER! THE NEW DRAIN TILE SYSTEM WAS INSTALLED IN 2016. MORE NEW
FEATURES INCLUDE NEW CENTRAL AIR, HARDWOOD FLOORS, FULL PAINT JOB &
MANY MORE. BE PART OF MELROSE PARK'S HIGHLY DESIRABLE WINSTON PARK
NEIGHBORHOOD. ENJOY THE SPACIOUS YARD WITH PRIVATE ACCESS TO THE
REAR FOREST PRESERVE WHERE DEERS OFTEN VISIT. THE FAMILY ROOMS
LEVEL OFFERS HALF BATH WITH DIRECT ACCESS TO BACK YARD AND GARAGE.
THE SUB BASEMENTS IS A FAVORITE BECAUSE IT'S PERFECT FOR PRIVATE
OFFICE, STORAGE OR ADDITIONAL FAMILY ROOM. THERE IS NOTHING TO DO
BUT MOVE IN. A MUST SEE!!!!
Unit Size
1,918 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$182
Property Type
House
Property Taxes
$435
HOA Dues
-
Year Built
1958
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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 #11185774)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 5, 2025 | In contract | - | |
| In contract | |||
| Feb 28, 2025 | Listed | $439,000 | |
| Listed | |||
| | |||
|
***FOUR LEVELS OF LIVING SPACE*** NEWER SIDING, NEWER ROOF, NEWER WINDOWS, SIDEWALKS & DRIVEWAY. ALSO IT FEATURES REMODELED KITCHEN UPGRADED CABINETS, GRANITE COUNTER TOPS, SS APPLIANCES & SS SINK. REMODELED BATHROOMS, LIGHTING, PLUMBING, NEW WASHER AND DRYER! THE DRAIN TILE SYSTEM WAS INSTALLED IN 2016. MORE NEW FEATURES INCLUDE NEWER CENTRAL AIR, HARDWOOD FLOORS, FULL PAINT JOB & MANY MORE. ENJOY THE SPACIOUS YARD WITH PRIVATE ACCESS TO THE REAR FOREST PRESERVE AND PRIVATE PARK WALKWAY. BEAUTIFUL VIEW TO SILVER CREEK WITH DEERS THAT OFTEN COME VISIT. THE FAMILY ROOMS LEVEL OFFERS HALF BATH WITH DIRECT ACCESS TO BACK YARD AND GARAGE. THE FULLY FINISHED SUB BASEMENT IS A FAVORITE BECAUSE IT'S PERFECT FOR EXTRA BEDROOM, STORAGE OR ADDITIONAL FAMILY ROOM. THERE IS NOTHING TO DO BUT MOVE IN. A MUST SEE!!!!
| |||
| Sep 30, 2021 | Sold | ||
| Sold | |||
| Aug 11, 2021 | Listed by Century 21 Affiliated | $348,900 | |
| Listed by Century 21 Affiliated | |||
Property Highlights
Garage
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
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Listed On
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Sold On
HOA + Taxes
About Melrose Park
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Omar Cavada, Century 21 Affiliated
Last Updated: 3 years ago
Data Source: MRED, MLS# 11185774
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.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11185774
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