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Grayslake 60030 Grayslake Manor
268 Normandy Lane
$268,000
● House - Off Market

268 Normandy Lane

Grayslake, IL 60030
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,350 Ft²
$1,982
Est. Monthly
8.87%
Cap Rate

About This Property

Fantastic starter home in the heart of Grayslake! Nestled in a quiet, family-friendly neighborhood, this charming home offers the perfect opportunity to begin your homeownership journey. Enjoy the convenience of being just minutes from local shopping, restaurants, and entertainment in downtown Grayslake. Commuters will love the close proximity to the Metra station and easy access to major highways. With a little vision and personal touch, you can make this home truly your own. Don't miss out on this incredible value in a prime location!
Unit Size
1,350 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$207
Property Type
House
Property Taxes
$609
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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1978
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 39
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 352
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,098
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,248
  • Gross Building Area: 1,248
  • Building Area: 896
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 896
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GRAYSLAKE MANOR UNIT 1
  • Land Acres: 0000000186
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: GRAYSLAKE MANOR UNIT 1 LOT 21 BLOCK 2

Neighborhood

  • School District Name: Grayslake Consolidated Community School District 46
  • Census Tract: 861108

Geography

  • District: AVON
  • Parcel: 06-26-111-045
  • Block: 2
  • Lot: 21
  • Municipality: TWP OF AVON
  • Latitude: 42.354
  • Longitude: -88.0399

    Address

  • Full Address: 268 Normandy Ln
  • Legal Unit: 1
  • Address - House Number: 268
  • Address - Street Name: Normandy
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Grayslake
  • Carrier Code: C011
  • 4-Digit Zip Code: 1250
  • Zip Code: 60030

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $300
  • Tax Rate Code Area: 7013

    Appraisal Valuation

  • Standard Deviation: 0.1809
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 76
  • Final Value: 249,300
  • High Value: 294,399
  • Low Value: 204,201

    Market Valuation

  • Market Total Value: $201,281
  • Market Land Value: $52,814
  • Market Improvement Value: $148,467

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $67,087
  • Assessed Land Value: $17,603
  • Assessed Improvements Value: $49,484

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 30, 2020
  • Current Sale Recording Date: Dec 22, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7730317
  • Previous Sale Recording Date: Jun 12, 2003
  • Previous Sale Contract Date: May 23, 2003
  • Previous Sale Amount: $175,000
  • Previous Sale Document Type: 71
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 Grayslake Manor

Stats & Trends

Median Asking:

$315,000

Sale Price/ft²

$251

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1650 ft²

Average Home Age

64.8 years

Currently For Sale

0 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 105 Station Park Circle, Grayslake, IL, 60030

$2,600 /mo

  • 2 Beds
  • 2 Baths
  • 1,503 ft²
105 Station Park Circle, Grayslake, IL, 60030 Listing by Prentiss Grant
Unit for rent at 1109 Blackburn Drive, Grayslake, IL, 60030

$2,900 /mo

  • 3 Beds
  • 2 Baths
  • 1,672 ft²
1109 Blackburn Drive, Grayslake, IL, 60030 Listing by Zivile Pitkiene

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Venny Rivera, eXp Realty
Data Source: MRED, MLS# MRD12473549
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 268 Normandy Lane built and last sold?
The property at 268 Normandy Lane was built in 1964 and last sold on Oct 30, 2020 for $208,000.
How much is this home worth?
The estimated value of the home located at 268 Normandy Lane is $0.
What are some comparable homes to 268 Normandy Lane?
There are currently no comparable homes to 268 Normandy Lane.
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