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Franklin Park 60131 Franklin Park
2530 Westbrook Drive
$280,000
● House - Off Market

2530 Westbrook Drive

Franklin Park, IL 60131
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
980 Ft²
$1,626
Est. Monthly
9.27%
Cap Rate

About This Property

Beautifully Brick Georgian featuring refinished hardwood floors thorough out, granite in kitchen and updated bathrooms. Finished basement with updated electrical, plumbing ( 2013) roof is 10 years old, HVAC replaced in 2013, and washer and dryer. Freshly sealed driveway leads to 2-car garage. Solid brick house at a great price!
Unit Size
980 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$281
Property Type
House
Property Taxes
$276
HOA Dues
-
Year Built
1945

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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 #12170836)

Price History

Date / Event Date Event Price
Dec 19, 2024 Sold
Premium
Sold
Dec 5, 2024 In contract -
In contract
Nov 18, 2024 Relisted $275,000
Relisted
Oct 2, 2024 In contract -
In contract
Sep 24, 2024 Listed by United Real Estate - Chicago $275,000
Listed by United Real Estate - Chicago

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1945
  • Effective Year Built: 1945
  • 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: 12
  • Building Style: 63
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • 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: 6,343
  • Total Building Area: 980
  • Gross Building Area: 980
  • Building Area: 980
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 980
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ABBEY OAKS PH 03
  • Land Acres: 0000000146
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-05

Neighborhood

  • School District Name: Franklin Park School District 84
  • Census Tract: 811402

Geography

  • District: 20
  • Parcel: 12-28-408-012-0000
  • Lot: 140
  • Meridian: SEC 28 TWN 40N RNG 12E
  • Municipality: LEYDEN
  • Latitude: 41.9249
  • Longitude: -87.8718

    Address

  • Full Address: 2530 Westbrook Dr
  • Address - House Number: 2530
  • Address - Street Name: Westbrook
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Franklin Park
  • Carrier Code: C007
  • 4-Digit Zip Code: 3238
  • Zip Code: 60131

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $353,746
  • Tax Rate Code Area: 20028

    Appraisal Valuation

  • Standard Deviation: 0.248
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 65
  • Final Value: 298,334
  • High Value: 372,322
  • Low Value: 224,346

    Market Valuation

  • Market Total Value: $230,000
  • Market Land Value: $47,570
  • Market Improvement Value: $182,430

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $23,000
  • Assessed Land Value: $4,757
  • Assessed Improvements Value: $18,243

    Sales

  • Current Sale Contract Date: Aug 21, 2013
  • Current Sale Recording Date: Sep 12, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1325533056
  • Previous Sale Recording Date: Feb 27, 2013
  • Previous Sale Contract Date: Feb 08, 2013
  • Previous Sale Amount: $31,000
  • Previous Sale Document Type: 69

    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 Franklin Park

Stats & Trends

Median Asking:

$349,900

Sale Price/ft²

$264

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1567 ft²

Average Home Age

68.8 years

Currently For Sale

26 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 714 Broadway Avenue, Melrose Park, IL, 60160

$2,500 /mo

  • 5 Beds
  • 1 Bath
  • 1,600 ft²
714 Broadway Avenue #REAR, Melrose Park, IL, 60160 Listing by Pat Cesario
Unit for rent at 829 N Roy Avenue, Melrose Park, IL, 60164

$2,500 /mo

  • 4 Beds
  • 1 Bath
  • 1,278 ft²
829 N Roy Avenue, Melrose Park, IL, 60164 Listing by Noe Fragoso

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Rosa Bueno, United Real Estate - Chicago
Last Updated: 2 years ago
Data Source: MRED, MLS# 12170836
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 2530 Westbrook Drive built and last sold?
The property at 2530 Westbrook Drive was built in 1945 and last sold on Aug 21, 2013 for $150,000.
How much is this home worth?
The estimated value of the home located at 2530 Westbrook Drive is $276,795.
What are some comparable homes to 2530 Westbrook Drive?
There are currently no comparable homes to 2530 Westbrook Drive.
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