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Northbrook 60062
2503 Illinois Road
$455,555
● Land - Off Market

2503 Illinois Road

Northbrook, IL 60062
bedrooms
Studio
bathrooms
0 Bath
$429,927
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model

About This Property

MULTIPLE OFFERS RECEIVED. BEST AND FINAL BY SUNDAY 4/10 AT 12;00PM. Located on one of the most desirable streets in Northbrook. This lot offers extra wide frontage of 82 feet and depth of 133 feet. School district 28,225. Westmoor Elementary, Northbrook Junior High, and Glenbrook North High School. Existing house is 1000 sq. ft. ranch tear down. Value is in the land.
Unit Size
-
Days on Market
-
Land Size
0.26 acres
Price per sqft
-
Property Type
Land
Property Taxes
$558
HOA Dues
-
Year Built
1951

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #11369315)

Price History

Date / Event Date Event Price
Jun 23, 2022 Sold
Premium
Sold
Apr 7, 2022 Listed by Berkshire Hathaway HomeServices Chicago $425,000
Listed by Berkshire Hathaway HomeServices Chicago

Property Highlights

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • 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: 11,158
  • Total Building Area: 1,000
  • Gross Building Area: 1,000
  • Building Area: 1,000
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • 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: 0000000256
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03

Neighborhood

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

Geography

  • District: 25
  • Parcel: 04-09-308-012-0000
  • Meridian: SEC 09 TWN 42N RNG 12E
  • Municipality: NORTHFIELD
  • Latitude: 42.124
  • Longitude: -87.8416

    Address

  • Full Address: 2503 Illinois Rd
  • Address - House Number: 2503
  • Address - Street Name: Illinois
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Northbrook
  • Carrier Code: C044
  • 4-Digit Zip Code: 5242
  • Zip Code: 60062

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $705,612
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 25032

    Appraisal Valuation

  • Standard Deviation: 0.229
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 481,402
  • High Value: 591,666
  • Low Value: 371,137

    Market Valuation

  • Market Total Value: $380,000
  • Market Land Value: $167,370
  • Market Improvement Value: $212,630

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $38,000
  • Assessed Land Value: $16,737
  • Assessed Improvements Value: $21,263

    Sales

  • Current Sale Contract Date: Jun 20, 2022
  • Current Sale Recording Date: Jul 07, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 6301
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:

$707,500

Sale Price/ft²

$300

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2761 ft²

Average Home Age

41.9 years

Currently For Sale

67 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

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MRED

Listed by: Todd Trawinski, Berkshire Hathaway HomeServices Chicago
Last Updated: 3 years ago
Data Source: MRED, MLS# 11369315
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 2503 Illinois Road built and last sold?
The property at 2503 Illinois Road was built in 1951 and last sold on Jun 20, 2022 for $456,000.
How much is this home worth?
The estimated value of the home located at 2503 Illinois Road is $0.
What are some comparable homes to 2503 Illinois Road?
There are currently no comparable homes to 2503 Illinois Road.
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