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Northbrook 60062
2402 Illinois Road
$405,000
● House - Off Market

2402 Illinois Road

Northbrook, IL 60062
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,000 Ft²
$2,587
Est. Monthly
6.88%
Cap Rate

About This Property

Fantastic 3 bedroom, 1 bath ranch home in the heart of Northbrook. Updated kitchen in 2021 with all brand new stainless steel appliances. In-unit laundry new dryer in 2022.  1-car detached garage. All new electrical panel, outlets and lighting. Brand New Tear Off Roof and Skylight in 2021. HVAC and AC units replaced in 2023. Spacious fenced in yard makes it perfect for pets. Nothing to do but move right in.
Unit Size
1,000 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$399
Property Type
House
Property Taxes
$628
HOA Dues
-
Year Built
1951

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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: 2 years ago (MRED MLS #12199989)

Price History

Date / Event Date Event Price
Dec 20, 2024 Sold
Premium
Sold
Nov 19, 2024 In contract -
In contract
Nov 15, 2024 Listed by Coldwell Banker Realty $399,000
Listed by Coldwell Banker Realty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 3
  • Exterior Walls Type: 24
  • 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: 7,108
  • Lot Size Depth Feet: 1,350
  • Lot Size Frontage Feet: 520
  • Total Building Area: 1,000
  • Gross Building Area: 1,000
  • Building Area: 1,000
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,000
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NORTHBROOK MANOR
  • Land Acres: 0000000163
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (NORTHBROOK)(MANOR) A SUB OF THE SH SH SE EX THE NLY 16 RDS OF THE ELY 40 RDS & THE EH OF THE SH OF THE SH OF THE SW SH SH SH

Neighborhood

  • School District Name: Northbrook School District 28
  • Census Tract: 801701

Geography

  • District: 25
  • Parcel: 04-09-307-022-0000
  • Block: 9
  • Lot: 22
  • Meridian: SEC 09 TWN 42N RNG 12E
  • Municipality: NORTHFIELD
  • Latitude: 42.1244
  • Longitude: -87.8392

    Address

  • Full Address: 2402 Illinois Rd
  • Address - House Number: 2402
  • Address - Street Name: Illinois
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Northbrook
  • Carrier Code: C018
  • 4-Digit Zip Code: 5241
  • Zip Code: 60062

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $753,375
  • Tax Rate Code Area: 25032

    Appraisal Valuation

  • Standard Deviation: 0.1011
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 90
  • Final Value: 395,419
  • High Value: 435,399
  • Low Value: 355,439

    Market Valuation

  • Market Total Value: $340,000
  • Market Land Value: $92,400
  • Market Improvement Value: $247,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $34,000
  • Assessed Land Value: $9,240
  • Assessed Improvements Value: $24,760

    Sales

  • Current Sale Contract Date: Dec 17, 2020
  • Current Sale Recording Date: Feb 10, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2104107165
  • Previous Sale Recording Date: Apr 05, 2002
  • Previous Sale Contract Date: Apr 02, 2002
  • Previous Sale Amount: $250,500
  • 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 Northbrook

Stats & Trends

Median Asking:

$699,950

Sale Price/ft²

$299

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2852 ft²

Average Home Age

43.3 years

Currently For Sale

65 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 1948 Lincoln Avenue, Northbrook, IL, 60062

$2,950 /mo

  • 3 Beds
  • 2 Baths
1948 Lincoln Avenue, Northbrook, IL, 60062 Listing by Emilia Salonikas
Unit for rent at 1739 Tudor Lane, Northbrook, IL, 60062

$2,900 /mo

  • 2 Beds
  • 1 Bath
1739 Tudor Lane #308, Northbrook, IL, 60062 Listing by Eunice Lee

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Jenny Lim-Spiggos, Coldwell Banker Realty
Last Updated: 2 years ago
Data Source: MRED, MLS# 12199989
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 2402 Illinois Road built and last sold?
The property at 2402 Illinois Road was built in 1951 and last sold on Dec 17, 2020 for $265,000.
How much is this home worth?
The estimated value of the home located at 2402 Illinois Road is $0.
What are some comparable homes to 2402 Illinois Road?
There are currently no comparable homes to 2402 Illinois Road.
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