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Des Plaines 60018
2575 Parkwood Lane
$186,500
● House - Off Market

2575 Parkwood Lane

DES PLAINES, IL 60018
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,400 Ft²
$396,207
RealtyHop Estimate
98.60%
Since Jun 1, 2013
National-US
Primary Model

About This Property

MOTIVATED seller did a lot of UPGRADES. NEW 100 amp electrical panel, wallpaper removed & FRESHLY painted. New FLOOR on LL & Kit  end of OCT. NEW ROOF & SIDING '10.  Hi Efficiency  FURNACE '11. Newer SS kitchen appliances. HARDWOOD Floors.  UPDATED full bath. Wonderful yard w/2 Patios. Convenient location to Chicago, O'Hare, & METRA.   Bring us and OFFER!
Unit Size
1,400 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$143
Property Type
House
Property Taxes
$343
HOA Dues
-
Year Built
1964

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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.

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 5
  • 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: 11
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,745
  • Total Building Area: 1,139
  • Gross Building Area: 1,139
  • Building Area: 1,139
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,139
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PARKWAYS DES PLAINES SUBDIVISI
  • Land Acres: 0000000201
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-34
  • Legal Description 1: PART NE4NE4 S33 T41N R12E 3P

Neighborhood

  • School District Name: Des Plaines Community Consolidated School District 62
  • Census Tract: 806600

Geography

  • District: 22
  • Parcel: 09-33-201-019-0000
  • Lot: 15
  • Meridian: SEC 33 TWN 41N RNG 12E
  • Municipality: MAINE
  • Latitude: 42.0068
  • Longitude: -87.8696

    Address

  • Full Address: 2575 Parkwood Ln
  • Address - House Number: 2575
  • Address - Street Name: Parkwood
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Des Plaines
  • Carrier Code: C030
  • 4-Digit Zip Code: 4063
  • Zip Code: 60018

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $683,908
  • Tax Rate Code Area: 22017

    Appraisal Valuation

  • Standard Deviation: 0.268
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 61
  • Final Value: 359,335
  • High Value: 455,644
  • Low Value: 263,026

    Market Valuation

  • Market Total Value: $300,000
  • Market Land Value: $65,590
  • Market Improvement Value: $234,410

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $30,000
  • Assessed Land Value: $6,559
  • Assessed Improvements Value: $23,441

    Sales

  • Current Sale Contract Date: Apr 26, 2013
  • Current Sale Recording Date: May 14, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 21
  • Current Sale Input Document Number: 1313449035
  • Previous Sale Recording Date: May 09, 2013
  • Previous Sale Contract Date: Apr 26, 2013
  • Previous Sale Amount: $186,500
  • Previous Sale Document Type: 71

    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

1654 ft²

Average Home Age

53.4 years

Currently For Sale

110 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: Ilona Leber, Baird & Warner
Data Source: MRED, MLS# MRD08219740
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 2575 Parkwood Lane built and last sold?
The property at 2575 Parkwood Lane was built in 1964 and last sold on Apr 26, 2013 for $186,500.
How much is this home worth?
The estimated value of the home located at 2575 Parkwood Lane is $209,262.
What are some comparable homes to 2575 Parkwood Lane?
There are currently no comparable homes to 2575 Parkwood Lane.
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