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2638 Lakeview Drive
About This Property
The current owners have lived in and cared for this home for 18 years, consistently investing in meaningful improvements while maintaining its original character. The result is a property that has been meticulously maintained and intentionally upgraded over time.
As you arrive, you're welcomed by an expansive front porch and circular driveway. When you enter the home you'll immediately notice the 9-foot ceilings, detailed crown molding, hardwood floors throughout, and expansive windows that bring in ample natural light. This is one of two main living areas in the home, both of which feature a fireplace for architectural presence and everyday comfort.
The fully renovated kitchen is the heart of the home, anchored by a massive island with seating for eight and designer selections throughout. Featuring Miele appliances, ceiling-height cabinetry, abundant storage, and a dedicated beverage fridge, the space flows seamlessly into a dining area that can comfortably seat and host large gatherings. Adjoined is your second living room where you'll find a beautiful stone fireplace with built-ins for additional storage, and oversized windows overlooking the private backyard.
The main level also offers a private enclosed office, perfect for working from home, along with a luxurious first-floor primary suite complete with dual custom closets and built-ins. The renovated primary bath includes double vanities, a dedicated hair and makeup vanity, and a separate powder room for added privacy.
Upstairs, hardwood floors continue throughout, extending into three generously sized secondary bedrooms, each offering ample space for additional seating or work areas. A large loft provides flexible living options - ideal for a media room, lounge, playroom, or additional gathering space. An upstairs laundry area adds everyday convenience and functionality.
The backyard sets this property apart. An extensive backyard renovation transformed this space into a flat lot with mature trees and landscaping to ensure privacy. The outdoor space delivers both immediate enjoyment and long-term potential with the ability to add a pool. The oversized patio is designed for seamless entertaining, with room for dining, grilling, lounge seating, an existing stone firepit, and an outdoor media setup.
2638 Lakeview is in a prime location - several doors down from Carolina Country Club, and less than a mile from St. David's and Root Elementary. This residence is defined by long-term ownership, meaningful investment, and a setting that is increasingly difficult to replicate in Country Club Hills.
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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%.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017