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Cary 60013 Oak View Estates
242 Park Avenue
Photo of 242 Park Avenue

1

Map

$165,000
● House - In Contract

242 Park Avenue

Cary, IL 60013
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,485 Ft²
$1,197
Est. Monthly

About This Property

Investor Opportunity! Enjoy the potential of a larger lot with plenty of room to make this property your own. The home needs repairs and updating, making it a great for investors or rehabbers. Property is being sold strictly AS IS, WHERE IS. Cash or conventional financing only. Buyer to verify all information.
Unit Size
1,485 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$111
Property Type
House
Property Taxes
$386
HOA Dues
-
Year Built
-

Listed By

Tabatha Hansen
[email protected]
Berkshire Hathaway HomeServices Starck Real Estate

Payment Calculator

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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.

Property Highlights

Parking Details
Parking Features: Yes, Owned
Interior Details
Full Bathrooms: 2
Rooms: 4
Basement: Crawl Space
Exterior Details
Square Footage: 1485
Square Footage Source: $0
Year Built: 1887
Construction Materials: Aluminum Siding
Lot Size Area: 14374.8
Lot Size Units: Square Feet
Lot Size Acres: 0.33
Lot Size Square Feet: 14374.8
Lot Size Dimensions: 100x148
Water Source: Public
Financial Details
Tax Annual Amount: $4,636
Utilities Details
Cooling Type: None
Heating Type: None
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: None

Building Info

Overview

    General

  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,805
  • Total Building Area: 1,485
  • Building Area: 1,485
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,485
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BALDWINS 2ND ADDN
  • Land Acres: 0000000317
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 554811 PT LT 1 BLK 3 BALDWINS 2ND ADDN

Neighborhood

  • School District Name: Cary Community Consolidated School District 26
  • Census Tract: 871305

Geography

  • Parcel: 19-12-455-049
  • Block: 3
  • Lot: 1
  • Municipality: ALGONQUIN TWP
  • Latitude: 42.2123
  • Longitude: -88.2431

    Address

  • Full Address: 242 Park Ave
  • Address - House Number: 242
  • Address - Street Name: Park
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Cary
  • Carrier Code: C007
  • 4-Digit Zip Code: 2735
  • Zip Code: 60013

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $144,528
  • Tax Rate Code Area: 19007

    Appraisal Valuation

  • Standard Deviation: 0.151
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 81
  • Final Value: 244,038
  • High Value: 280,892
  • Low Value: 207,184

    Market Valuation

  • Market Total Value: $138,819
  • Market Land Value: $28,839
  • Market Improvement Value: $109,980

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $46,273
  • Assessed Land Value: $9,613
  • Assessed Improvements Value: $36,660
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 Oak View Estates

Stats & Trends

Median Asking:

$327,450

Sale Price/ft²

$143

Below Asking

0.03%

Average Days on Market

43

Average Home Size

3500 ft²

Average Home Age

119 years

Currently For Sale

1 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 527 Cary Woods Circle, Cary, IL, 60013

$2,550 /mo

  • 2 Beds
  • 2 Baths
  • 1,928 ft²
527 Cary Woods Circle, Cary, IL, 60013 Listing by Albert Pino
Unit for rent at 340 Cary-algonquin Road, Cary, IL, 60013

$1,445 /mo

  • 2 Beds
  • 1 Bath
  • 860 ft²
340 Cary-Algonquin Road #102, Cary, IL, 60013 Listing by Linda Dalrymple

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Tabatha Hansen, Berkshire Hathaway HomeServices Starck Real Estate
Data Source: MRED, MLS# MRD12758848
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 242 Park Avenue built and last sold?
The property at 242 Park Avenue was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 242 Park Avenue is $166,650.
What are some comparable homes to 242 Park Avenue?
There are currently no comparable homes to 242 Park Avenue.
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