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Franklin Park 60131 Franklin Park
2714 Elder Lane
$197,500
● House - Off Market

2714 Elder Lane

FRANKLIN PARK, IL 60131
bedrooms
4 Beds
bathrooms
2 Baths
$338,958
RealtyHop Estimate
61.58%
Since Jun 1, 2017
National-US
Primary Model

About This Property

2 story home offers 4 bedrooms, 2 full baths and full finished  basement. Updated kitchen with granite counter tops. Separate dining room perfect for entertaining. Wood burning fireplace in living room great for cozy nights. Currently working on some finishing touches that will make this home ready to move in, freshly painted with new carpet. Fenced backyard and detached 2 car garage.  Great location with easy access to I-294 and airport.
Unit Size
-
Days on Market
-
Land Size
0.13 acres
Price per sqft
-
Property Type
House
Property Taxes
$508
HOA Dues
-
Year Built
1947

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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.

Last updated: 3 years ago (MRED MLS #09605873)

Price History

Date / Event Date Event Price
May 25, 2017 Sold
Premium
Sold
Apr 24, 2017 Listed by GMS Realty Group, LLC $209,777
Listed by GMS Realty Group, LLC

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 1947
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 150
  • 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: 5,850
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 450
  • Total Building Area: 1,368
  • Gross Building Area: 1,368
  • Building Area: 1,368
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,368
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WESTBROOK UNIT2
  • Land Acres: 0000000134
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (WESTBROOK)(UNIT2) BEING MILLS & SONS SUB IN EH SEC 28-40-12

Neighborhood

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

Geography

  • District: 20
  • Parcel: 12-28-404-040-0000
  • Block: 9
  • Lot: 6
  • Meridian: SEC 28 TWN 40N RNG 12E
  • Municipality: LEYDEN
  • Latitude: 41.9281
  • Longitude: -87.8714

    Address

  • Full Address: 2714 Elder Ln
  • Legal Unit: 2
  • Address - House Number: 2714
  • Address - Street Name: Elder
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Franklin Park
  • Carrier Code: C007
  • 4-Digit Zip Code: 3226
  • Zip Code: 60131

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $770,997
  • Tax Rate Code Area: 20028

    Appraisal Valuation

  • Standard Deviation: 0.248
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 65
  • Final Value: 335,140
  • High Value: 418,257
  • Low Value: 252,024

    Market Valuation

  • Market Total Value: $280,010
  • Market Land Value: $43,880
  • Market Improvement Value: $236,130

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $28,001
  • Assessed Land Value: $4,388
  • Assessed Improvements Value: $23,613

    Sales

  • Current Sale Contract Date: Sep 18, 2018
  • Current Sale Recording Date: Oct 02, 2018
  • Current Sale Document Type: 40
  • Current Sale Input Document Number: 1827555146
  • Previous Sale Recording Date: Jun 14, 2017
  • Previous Sale Contract Date: May 25, 2017
  • Previous Sale Amount: $197,500
  • Previous Sale Document Type: 68

    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:

$359,900

Sale Price/ft²

$264

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1495 ft²

Average Home Age

71.2 years

Currently For Sale

22 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: , GMS Realty Group, LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 09605873
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 2714 Elder Lane built and last sold?
The property at 2714 Elder Lane was built in 1947 and last sold on Sep 18, 2018 for $0.
How much is this home worth?
The estimated value of the home located at 2714 Elder Lane is $0.
What are some comparable homes to 2714 Elder Lane?
There are currently no comparable homes to 2714 Elder Lane.
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