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Des Plaines 60018
248 Denver Drive
$318,000
● House - Off Market

248 Denver Drive

Des Plaines, IL 60018
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,553 Ft²
$352,509
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model

About This Property

Great, solid home with lots of potential. Beautiful hardwood floors throughout the home. Large family room adjacent to the kitchen at the back of the home which has a woodstove and leads to the outside deck. Additional living space on the lower level off the breezeway. House is sunny and spacious and has been well cared for. Walking distance to elementary and junior high schools. It is ready for you to bring your ideas to update and make it your own!
Unit Size
1,553 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$196
Property Type
House
Property Taxes
$328
HOA Dues
-
Year Built
1964

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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 #11100452)

Price History

Date / Event Date Event Price
Jul 6, 2021 Sold
Premium
Sold
May 28, 2021 Listed by Berkshire Hathaway HomeServices Starck Real Estate $305,000
Listed by Berkshire Hathaway HomeServices Starck Real Estate

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,743
  • Total Building Area: 1,553
  • Gross Building Area: 1,553
  • Building Area: 1,553
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,553
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ZEMON CAPITOL HILL 04
  • Land Acres: 0000000178
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-34

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 805112

Geography

  • District: 16
  • Parcel: 08-24-409-023-0000
  • Lot: 51
  • Meridian: SEC 24 TWN 41N RNG 11E
  • Municipality: ELK GROVE
  • Latitude: 42.0253
  • Longitude: -87.9269

    Address

  • Full Address: 248 Denver Dr
  • Address - House Number: 248
  • Address - Street Name: Denver
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Des Plaines
  • Carrier Code: C032
  • 4-Digit Zip Code: 1103
  • Zip Code: 60018

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $847,882
  • Tax Rate Code Area: 16042

    Appraisal Valuation

  • Standard Deviation: 0.2289
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 380,007
  • High Value: 467,001
  • Low Value: 293,013

    Market Valuation

  • Market Total Value: $350,000
  • Market Land Value: $69,690
  • Market Improvement Value: $280,310

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $35,000
  • Assessed Land Value: $6,969
  • Assessed Improvements Value: $28,031

    Sales

  • Current Sale Contract Date: Jun 29, 2021
  • Current Sale Recording Date: Aug 25, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2123701069

    Financing

  • First Mortgage Financing Type: FIX
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 Des Plaines

Stats & Trends

Median Asking:

$400,000

Sale Price/ft²

$250

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1687 ft²

Average Home Age

52 years

Currently For Sale

112 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 529 E Lincoln Street, Mount Prospect, IL, 60056

$2,700 /mo

  • 3 Beds
  • 1 Bath
529 E Lincoln Street, Mount Prospect, IL, 60056 Listing by Claudiu Popescu
Unit for rent at 384 S Wolf Road S, Des Plaines, IL, 60016

$2,900 /mo

  • 3 Beds
  • 1 Bath
  • 1,137 ft²
384 S Wolf Road S, Des Plaines, IL, 60016 Listing by Brian Ramirez

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Denise Sowder, Berkshire Hathaway HomeServices Starck Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11100452
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 248 Denver Drive built and last sold?
The property at 248 Denver Drive was built in 1964 and last sold on Jun 29, 2021 for $318,000.
How much is this home worth?
The estimated value of the home located at 248 Denver Drive is $0.
What are some comparable homes to 248 Denver Drive?
There are currently no comparable homes to 248 Denver Drive.
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