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Wheeling 60090
270 Prairie View Lane
$455,000
● House - Off Market

270 Prairie View Lane

Wheeling, IL 60090
bedrooms
3 Beds
bathrooms
3 Baths
$3,277
Est. Monthly
$225
HOA / Fees
5.95%
Cap Rate
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$699
HOA Dues
$225
Year Built
1995

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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

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 1995
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 10
  • 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: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,820
  • Total Building Area: 2,122
  • Gross Building Area: 2,122
  • Building Area: 2,122
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 2,122
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EQUESTRIAN GROVE AREA 04
  • Land Acres: 0000000042
  • Standard Land Use Code: 1002
  • County Land Use Code: 2-95
  • Legal Description 1: EQUESTRIAN GROVE PUD LOT 2

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 802402

Geography

  • District: 38
  • Parcel: 03-02-201-048-0000
  • Block: 2
  • Lot: 2
  • Meridian: SEC 02 TWN 42N RNG 11E
  • Municipality: WHEELING
  • Latitude: 42.1468
  • Longitude: -87.9091

    Address

  • Full Address: 270 Prairie View Ln
  • Address - House Number: 270
  • Address - Street Name: Prairie View
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Wheeling
  • Carrier Code: C018
  • 4-Digit Zip Code: 3223
  • Zip Code: 60090

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $794,013
  • Tax Rate Code Area: 38055

    Appraisal Valuation

  • Standard Deviation: 0.2248
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 417,562
  • High Value: 511,434
  • Low Value: 323,691

    Market Valuation

  • Market Total Value: $310,000
  • Market Land Value: $70,000
  • Market Improvement Value: $240,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $31,000
  • Assessed Land Value: $7,000
  • Assessed Improvements Value: $24,000

    Sales

  • Current Sale Contract Date: Oct 12, 1999
  • Current Sale Recording Date: Nov 19, 1999
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 09091264
  • Previous Sale Recording Date: Oct 03, 1996
  • Previous Sale Contract Date: Sep 26, 1996
  • Previous Sale Amount: $230,000
  • Previous Sale Document Type: 69

    Financing

  • First Mortgage Financing Type: ADJ
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 Wheeling

Stats & Trends

Median Asking:

$324,000

Sale Price/ft²

$230

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1442 ft²

Average Home Age

47.4 years

Currently For Sale

64 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 10 Linden Avenue, Buffalo Grove, IL, 60089

$3,600 /mo

  • 4 Beds
  • 3 Baths
  • 2,619 ft²
10 Linden Avenue, Buffalo Grove, IL, 60089 Listing by Tyler Dameron
Unit for rent at 121 Commons Court, Wheeling, IL, 60090

$3,300 /mo

  • 3 Beds
  • 3 Baths
  • 2,000 ft²
121 Commons Court, Wheeling, IL, 60090 Listing by Richard Sakoda

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Rebekah Butler, Jameson Sotheby's International Realty
Data Source: MRED, MLS# MRD12431889
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 270 Prairie View Lane built and last sold?
The property at 270 Prairie View Lane was built in 1995 and last sold on Oct 12, 1999 for $245,000.
How much is this home worth?
The estimated value of the home located at 270 Prairie View Lane is $0.
What are some comparable homes to 270 Prairie View Lane?
There are currently no comparable homes to 270 Prairie View Lane.
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